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Author: Crypto Flexs
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Bitcoin’s upward trajectory continued on Monday, with the cryptocurrency soaring above 41,700 hours after hitting $40,000 on Sunday afternoon.According to data from CoinGecko: bitcoin price It’s currently just over $41,600, up 5.6% on the day and more than 11% on the week. Just a year ago, the price of Bitcoin was just under $17,000, and last year the price of the cryptocurrency soared more than 144%.Bitcoin’s rally has helped the price reach levels not seen since April 2022, pushing the market capitalization of all cryptocurrencies to $1.61 trillion, up 3.6% in the past 24 hours.The surge in Bitcoin prices led…
In recent years, North Korea has significantly stepped up its cyber operations, specifically targeting the cryptocurrency industry. This strategic shift emerged around 2017, when the country’s cybercrime activity, previously focused on traditional financial institutions, redirected to the burgeoning digital currency sector. According to Recorded Future, the driving force behind this change is likely to be the increased scrutiny and enhanced cybersecurity measures adopted by banks and financial institutions following a series of high-profile robberies, including the infamous Bangladesh Bank robbery.. As a relatively new and less regulated industry, cryptocurrencies presented a lucrative but vulnerable target. North Korean operatives have since…
Despite the prevailing bullish sentiment, there are macro factors that could pose a threat to the Bitcoin bull market. Various cryptocurrency executives have suggested that the current Bitcoin rally will turn into a bull market with BTC rising to at least $100,000. Although it is still below the peak price reached in November 2021, the price of Bitcoin is currently up 140% this year. Bitcoin reached the $40,000 threshold as bullish sentiment about the asset price increased over the weekend. Will there be a Bitcoin bull market in 2024? Crypto Execs Believe It Is Possible According to Pascal Gauthier, CEO…
Blockchain transactions surged 12-fold in just 4 days. 100% of the inscriptions were produced. transaction NEAR Protocol (NEAR) According to Near Blocks, blockchain surged to unexpected levels between December 1st and 2nd. Total as of November 29 transaction The number of NEARs was 1.84 million. However, at the time of going to press, the same figure stood at 13.93 million, a 12-fold increase in a matter of days. Source: NearBlocks.io There was no reason for the rapid increase in trading volume. According to research by AMBCrypto, NEAR has become the latest Layer 1 (L1) blockchain with the inscription. NEAR and…
A bull run is like a forest fire. You need a combination of conditions to get started.For a forest fire to occur, there must be long periods of rain, high temperatures, and strong winds at the time of ignition. Yes – wildfires have been made worse by record methane emissions, which Bitcoin helps mitigate. But that’s not what this article is about. This time it’s just a metaphor. Halving causes new supply of Bitcoin to dry up (it doesn’t rain). They have increased interest in the timing of Bitcoin market entry (hot). But it also requires strong winds and an…
Bitcoin (BTC) starts the first week of December above $40,000, in better shape than it has been since early 2022.BTC price action is already pleasingly bullish as the month begins, with the weekly close providing a trip above $40,000 for the first time since April of last year.As the bull market has recently shown an upward trend due to macroeconomic changes and expectations for America’s first spot ETF (exchange-traded fund), short selling is disappearing and liquidity is weakening.Despite concerns and some predicting a massive price retracement, Bitcoin offers some respite to sellers who consistently miss out on profits or are…
In the dynamic world of cryptocurrency, industry leaders are optimistic about the start of a new bullish phase, with growing expectations that Bitcoin will surpass $100,000 and reach an all-time high in 2024. Bitcoin has experienced an incredible rise of over 120% this year alone, leading many enthusiasts to believe that this upward momentum will continue next year. Last week, the price of Bitcoin closed at around $37,450. Markets have experienced significant volatility this week following the US Department of Justice’s settlement with Binance, the world’s largest cryptocurrency exchange. The announcement of the agreement and the resignation of Binance’s CEO…
Citing rising futures premiums, one observer said the ‘basis trading’ prominent in the 2020/2021 bull market is hinting at a resurgence.
osmosis Osmo + UX Chain (formerly), Cosmos’ largest decentralized exchange and lending protocol Umee) proposed a merger, heralding a large-scale integration of the Cosmos ecosystem. If approved, the merger could integrate the lending logic and algorithms of Osmosis’ DEX and UX chains and create a comprehensive DeFi hub. The proposal, a joint effort by contributors from Osmosis and UX Chain, details the strategic plan for the proposed merger. This process unfolds in stages, starting with integrating UX Chain’s codebase into Osmosis Chain. This integration aims to integrate the functionality of both platforms. Expected outcomes of this initial phase include blending…