A cryptocurrency strategist who follows closely believes that Ethereum (ETH) and Chainlink (LINK) are poised for more upside. Ethereum has broken out of a triangle on the four-hour chart, pseudonymous analyst Inmortal told his 202,500 followers on social media platform X. According to Inmortal, a breakout is likely. rod this time. “ETH is ready to do that. “It’s real this time.” source: Immortal/X As of this writing, Ethereum is trading at $2,162, up 3.63% in the last 24 hours. Looking at Chainlink, a decentralized oracle network, the analyst believes that LINK has broken out of its ascending triangle pattern and…
Author: Crypto Flexs
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Grayscale, a major player in digital asset management, has expressed enthusiasm about the possibility of converting the Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. This move could provide significant benefits to investors by eliminating the current 8.09% discount, worth approximately $1.89 billion, bringing GBTC’s price more closely aligned with Bitcoin’s actual value.The company’s Chief Legal Officer Craig Salm and Chief Financial Officer Edward McGee revealed the details. Pending approval from the United States Securities Exchange Commission, GBTC will transition from its current platform, OTCQX, to the NYSE Arca exchange. This move is intended to better synchronize GBTC’s shares with…
Decentralized finance (DeFi) platforms Velodrome and Aerodrome frontends have been compromised twice in three days. The exploit resulted in a loss of funds and a decline in the total value of assets locked in the Velodrome. On November 29, both platforms reported their first incidents of front-end compromises. These DeFi protocols urged users not to interact with their platforms until the investigation is complete. Domain provider issues with Velodrome and Aerodrome Velodrome and Aerodrome have created an intelligence bounty on Arkham Intelligence to find information that could help identify the attackers. Investigation later revealed that the exploit was the result…
Binance’s biggest traders attending a conference in Singapore this September were informed of the cryptocurrency exchange’s impending agreement with US authorities at a lavish private dinner.At an exclusive gathering held at the stylish 1880 members-only club, a select group of market makers and traders, dubbed VIPs, gained insight into Binance’s impending legal turmoil amidst a milieu of American Angus beef and Australian truffles. attendees reported for Bloomberg.Attendees reportedly broke into small groups to question Binance executives about the company’s legal issues, which raised the possibility of a $4 billion fine, and assured them that the company could afford it and…
Open source cloud AI startup Together is the latest developer to receive huge paydays as more and more investors pour money into artificial intelligence. $102.5 million Series A investment including tech giant NVIDIA.“I think one of the things that excites investors is our focus on research,” a Together spokesperson said. decryption. “We have built a truly leading research team doing deep research on how to optimize both training and inference for these large-scale generative models. And this has been proven in some of the publications we have released (and) in our recently released inference engine. “This is about three times…
Business intelligence company MicroStrategy caused quite a stir this week when it disclosed that it had purchased $593 million worth of Bitcoin in November. The significant purchase of 16,130 tokens was MicroStrategy’s largest Bitcoin acquisition since February 2021, when MicroStrategy spent $1 billion to add nearly 20,000 Bitcoins to the company’s treasury. key point MicroStrategy purchased $593.3 million worth of Bitcoin in November, its largest Bitcoin purchase since February 2021, when it spent $1 billion. The purchase of more than 16,000 Bitcoin brings MicroStrategy’s total Bitcoin holdings to approximately 174,530 tokens, which are now worth approximately $6.5 billion. MicroStrategy Chairman…
The price of ATOM has risen slightly over the past 24 hours. Market indicators looked bearish, but social indicators were positive. After a week of decline Cosmos (ATOM) It has gained upward momentum in the last 24 hours. However, if a token needs to perform amazingly, it needs to rise above a critical level. Therefore, to better understand whether investors should expect an upward rally for ATOM, let us analyze the token’s current performance. What barriers must ATOM overcome? AMBCrypto’s research into ATOM prices shows that the price has fallen 1.6% over the past week. CoinMarketCap. However, things are starting…
We are delighted to announce the appointment of Bivu Das as our new UK Managing Director. Bivu brings nearly 20 years of experience developing commercial enterprise and fintech strategies to Kraken. His arrival coincides with the UK making significant strides towards becoming a globally recognized cryptocurrency hub. Bivu will oversee an extensive network of regulatory, political and commercial relationships as it continues to expand its national presence. We are committed to the UK market and accelerating cryptocurrency adoption among consumers, professional traders and institutional clients. “Kraken has long argued that cryptocurrencies have the potential to transform the way everyday people…
Reddit’s r/cryptocurrency subreddit has relinquished administrative ownership of the contract powering a token called Moons.The moderators of the subreddit have relinquished control of the token contract on the Arbitrum Nova network. This action guarantees the state of the contract, ensuring that it remains immutable and that new tokens cannot be created.This decision follows Reddit’s prior decision to end its Community Points program, which first introduced Moons tokens in 2020.Additionally, the moderators burned 98,000 Moons tokens from the community pool, which, along with previous burns, reduced the total supply from approximately 126 million to 83 million.“This is an important milestone as…
KyberSwap will provide financial assistance to users affected by a serious exploit on November 22, which resulted in a $48.8 million loss to the decentralized finance protocol. To address this issue, KyberSwap is establishing a grant scheme with the Treasury to provide compensation to those negatively affected by the incident.The subsidy is designed It alleviates the financial burden of affected individuals and provides a U.S. dollar amount equivalent to the assets lost due to the security breach. This move highlights KyberSwap’s commitment to its user community and platform security. Specific details and criteria for the grant are being finalized, but…