Bitcoin (BTC) is up nearly 170% after the European Central Bank (ECB) warned of an impending “rundown.”like famous The BTC price action announced by cryptocurrency proponent Eric Wall and others on December 4 went completely against economists’ predictions.ECB Bitcoin Myopia: “What’s Wrong Again?”When the ECB published a blog post commemorating Bitcoin’s demise on November 30, 2022, the price of Bitcoin was only $16,400.The post, which comes shortly after the collapse of the FTX exchange and subsequent market flight, argued that even those levels are a stopping point on the way to new lows.“Bitcoin value peaked at $69,000 in November 2021…
Author: Crypto Flexs
Read More
In a historic move, the first studio recording of a young Michael Jackson, kept secret for over 50 years, will be released on “digital vinyl” on December 7 via a blockchain-based platform. The track, titled “Big Boy (One-Derful Version),” will be published digitally through blockchain music platform Anotherblock and can be accessed through the platform’s player along with a master tape and song stem images. Available for 48 hours in open edition and limited edition. Michael Jackson’s “Big Boy (One-Derful Version)”, NFT limited edition version. Source: AnotherblockDating back to July 13, 1967, this recording features an eight-year-old Michael Jackson and…
Short-selling traders betting on a high Bitcoin (BTC) price lost about $90 million on Tuesday alone, with another $70 million added through short liquidation on Monday.
For the second time this week, an Asian cryptocurrency exchange has described an unusual spike in trading volume. Gate.io’s daily trading volume rose to a peak of $4 billion on the evening of December 4. This is several times higher than the typical daily trading volume on Asian cryptocurrency exchanges.The surge has already sparked controversy with the community behind so-called “animal tokens” called RATS, created on the Bitcoin blockchain using the BRC-20 protocol. Yesterday, the project publicly accused Gate of fake trading and called for a boycott of the exchange.However, Gate attributes these odd trading volumes to market fluctuations that…
The Bitcoin ordinal-backed ORDI token became the first BRC-20 token to surpass $1 billion in market cap after recording triple-digit monthly and weekly percentage gains. ORDI hit a new all-time high above $65 on December 5, up more than 850% from around $6.80 on November 5, according to CoinGecko data. ORDI is up 216% in the last 7 days.The sudden price rise of ORDI made it the first BRC-20 token to reach a market capitalization of $1 billion on December 5. As of this writing, this token is worth $1.3 billion. ORDI has fallen slightly from its highs and is…
Bitcoin (BTC) is having a good time once again. The world’s largest cryptocurrency is enjoying a 150% gain this year, with its price surging above $44,000 on Wednesday for the first time in 18 months. This increase signals the continued rise of the cryptocurrency, which is supported by several factors, including falling interest rates and growing expectations about the possible approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. Spot ETFs: Democratizing Bitcoin Investing While Lowering Risk Industry advocates say this new way to invest in Bitcoin at spot prices instead of futures prices makes it easier…
Although Bitcoin has surpassed XRP in 2023, there is a possibility that XRP may follow Bitcoin in the December bull market. Bitcoin has had a relatively good year, returning investors more than 144% since January. Kingcoin is also up nearly 14% over the past month and about 10% since December 1st. Bitcoin, currently trading above $42,000, is up nearly 2% in the last 24 hours and looks set to finish the year impressively, according to CoinMarketCap data. The rise in Bitcoin prices raises questions about whether altcoins like XRP will follow suit. XRP’s price trajectory has been relatively healthy. This…
ARAX Holdings Corp, a leading player in digital asset management, announced that it has acquired a 20% stake in The Nemesis, a dynamic open world metaverse platform. The deal, disclosed on December 5, also includes an option for ARAX to acquire an additional 11% stake in the future. 🌐ARAX is proud to announce the acquisition of the Metaverse platform “The Nemesis”, strengthening our strategic partnership to drive growing demand for Core Token and Core Coin through new opportunities. $ARE @TheNemesis_io https://t.co/XDbEM2TiSV— Arax (@AraxCorp) December 5, 2023 ARAX Chief Operating Officer Ockert Loubser emphasized the importance of this acquisition, saying it…
Currently, Taiwan’s Financial Supervisory Commission (FSC) is conducting an investigation into the possibility of establishing a Bitcoin exchange-traded fund (ETF) and is in the exploration phase. The use of digital assets within regulated financial markets is becoming increasingly popular globally, and this move is in line with this trend. In other regions, such as the United States, Canada, and Australia, where the products are already traded on local exchanges, the Financial Stability Commission (FSC) is watching the growth of cryptocurrency exchange-traded funds (ETFs). The Financial Stability Committee (FSC) has acknowledged the significant volatility inherent in cryptocurrencies, which is the catalyst…
Coinbase CEO Brian Armstrong’s cryptocurrency exchange is moving to simplify digital asset trading and expand availability to multiple regions with three new features for Coinbase Wallet users. Coinbase Wallet now offers the option to send cryptocurrency via links sent through popular messaging platforms such as WhatsApp, Telegram, iMessage, Snapchat, TikTok, and email, as part of its strategy to drive mass adoption and easy payments. . When recipients click on the shared link, they will be taken to the Coinbase Wallet app to make a claim, or will be instructed to download the Coinbase Wallet app on iOS or Android and…