Over the past few months, there has been an increase in the number of bank accounts belonging to cryptocurrency professionals being frozen or restricted across the UK, US and EU. It is said that many people do not care until something happens. Well, that was it this week. To my absolute surprise, it came from a place I least expected.Revolut has long been considered the most cryptocurrency-friendly bank in the UK, offering in-app cryptocurrency purchases and finally adding the ability to send and receive cryptocurrencies in 2023, albeit with certain restrictions. However, recent events have called into question the bank’s…
Author: Crypto Flexs
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FTX Assets sold approximately $1.9 billion worth of SOL to pay down collapsed cryptocurrency debt.FTX Real Estate has sold about two-thirds of the SOL site, worth about $2.6 billion, Bloomberg reported, citing people familiar with the matter. The lot contained up to 30 million SOLs valued at $64 each. Tokens are discounted because they are locked. That means it will take some time before it becomes available for sale.Bloomberg added that the FTX property SOL sale was delayed due to “significant buyer interest.” One of the companies interested was Galaxy Trading, a subsidiary of Galaxy Digital, which raised a $620…
Cryptocurrency Analyst CrediBULL Crypto presented an optimistic story about . Ethereum (ETH) and XRP. He claimed that the two tokens could rise to $20,000 and $20 respectively. Furthermore, he stipulated: parabolic price surge It’s likely to happen. Ethereum could hit market highs near $20,000. CrediBULL cryptocurrency mentioned on X (formerly Twitter) post There is a possibility that Ethereum may reach a market peak near $20,000. He also explained that ETH could achieve this price level, based on his belief that BTC could “realistically” see a 2X rise from its last high of $69,000 during the 2021 bull market. thus, Altcoins…
Ethereum Layer-2 chain-based phishing theft surgesEthereum layer 2 chain Base has experienced a massive increase in funds stolen through phishing scams, with a nearly 1,900% surge since January. According to data from Scam Sniffer, a blockchain fraud prevention platform, approximately $3.35 million was stolen from Base in March alone, a 334% increase from February and a significant increase from the $169,000 loss in January.Comparison with BNB chainThe BNB chain operated by Binance also saw a similar increase in phishing scams in March. Overall, the cryptocurrency industry lost $71.5 million to phishers across all chains in March. This figure surpasses the…
Bithumb announced new investment warning designations for SANTOS, PORTO, and LAZIO tokens due to low liquidity and manipulation risk. As Korea’s leading digital asset platform, Bithumb has consistently prioritized investor protection through strict trading support policies and supervision of supported digital assets. Bithumb recently announced to users that it has decided to designate three soccer club tokens (SANTOS FC (SANTOS), FC PORTO (PORTO), and SS LAZIO (LAZIO)) as investment warning assets. This decision is in accordance with the ‘virtual asset investment warning designation policy’. The main reason cited for this new designation is the low liquidity associated with these tokens,…
A well-known cryptocurrency analyst is looking at the altcoin market trading Bitcoin (BTC). Cryptocurrency trader Michaël van de Poppe says 710,800 followers on social media platform “Altcoins are down 50-70% on Bitcoin pairs. It’s a real opportunity to establish yourself in that field.” Despite recent consolidation in the altcoin market, Van de Poppe Called Alt still has room to grow. “… Altcoin market caps saw a correction, which ultimately led to a buying opportunity. But if you look at the broader picture, you don’t really see a big correction and there’s still more to be gained… ” Source: Michaël van…
One analyst explained how a buy signal was formed in the price of Polygon (MATIC), which could lead to the asset rebounding towards this price target. Polygon is currently displaying a TD sequential buy signal. new post At X, analyst Ali discussed the Tom Demark (TD) sequential signal forming on the MATIC price chart. Here, TD Sequential refers to an indicator in technical analysis that is commonly used to pinpoint where a reversal in the value of a particular asset is likely. This indicator consists of two stages, the first stage is known as “Setup”. At this stage, up to…
One individual miner mined a single block of Bitcoin, earning 6.36 BTC before the impending halving. On April 5, a lone miner with an equipment hash rate of 7 PH/s entered block #837,814 into the first cryptocurrency blockchain. According to Mempool, users received a total of 6.36 BTC at the time of block mining, including a fee of 0.1 BTC. This equates to $422,750. Source: Mempool CKPool pool manager Con Kolyvas noted that miners have been mining intermittently since the pool was last restarted, and on average have accumulated about 0.05% of the stake needed to solve a block. “The…
The primary expense that must be paid by a blockchain is that of security. The blockchain must pay miners or validators to economically participate in its consensus protocol, whether proof of work or proof of stake, and this inevitably incurs some cost. There are two ways to pay for this cost: inflation and transaction fees. Currently, Bitcoin and Ethereum, the two leading proof-of-work blockchains, both use high levels of inflation to pay for security; the Bitcoin community presently intends to decrease the inflation over time and eventually switch to a transaction-fee-only model. NXT, one of the larger proof-of-stake blockchains, pays…
Funding • April 5, 2024, 12:39 PM EDT Posted 5 minutes ago In ~ “If there is no Ethereum ETF approval in May, we assume there will be litigation after May,” Nikolaos Panigirtzoglou, managing director and global markets strategist at JPMorgan, told The Block. “I think the most likely scenario is that the SEC ends up losing this lawsuit (similar to what happened with Grayscale and Ripple’s legal battle last year), which means the SEC will eventually approve a spot Ethereum ETF. This is probably ).”Notably, Panigirtzoglou maintained the probability of approval in May at 50%, despite recent reports that…