Meanwhile, Bitcoin (BTC) posted a 10% monthly gain, spending most of the month between $34,000 and $38,000. After several previous breakout attempts were quickly sold off, the largest cryptocurrency by market capitalization broke out of its range on the final day of November to hit a yearly high of $38,800.
Author: Crypto Flexs
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There are signs of a resurgence in Bitcoin optimism this week, with the top cryptocurrency heading towards the $40,000 level. Driving the new bullish momentum are several key factors, including the withdrawal of over $1 billion of BTC from exchanges last week and rising expectations of the approval of a US spot Bitcoin ETF in the coming months. key point More than $1 billion worth of Bitcoin was withdrawn from exchanges last week, suggesting optimistic investor sentiment. Bitcoin price is expected to hit $40,000 again after trading above $38,800, taking gains from the broader cryptocurrency market. A rate cut by…
A Chinese AI chip company has secured an investment commitment of $280 million as the United States plans to restrict artificial intelligence (AI) chip exports to China. Chip restrictions and other sanctions against Chinese AI companies were seen as a major blow to the country’s AI development. But as companies build resilience to crackdowns, they are starting to look for alternatives. Chinese AI company seeks domestic alternative to NVIDIA According to Bloomberg, China is stepping up efforts to establish a challenger to Nvidia as the world’s largest chipmaker. Accordingly, investors backed by the Guangzhou government reportedly pledged to invest 2…
Market • December 1, 2023 12:38 PM EST Posted 1 minute ago In ~ Bitcoin BTC + Grayscale Investments said Friday that liquidity supplies could decrease early next year due to supply dynamics, coinciding with the possibility of an application for a spot Bitcoin ETF being approved. The research paper adds that these dynamics could have a positive impact on the valuation of digital assets.“Bitcoin supply is relatively tight ahead of potential investor influx into spot ETF products in the U.S.,” Grayscale said, adding that it could take time for companies to sell a significant portion of their bitcoin into…
A recent study by CoinGecko found that more than three-quarters of all blockchain games released in the past five years are dead in the water.Of the 2,817 games released between 2018 and 2023 included in the study, only 690 still have a somewhat active player base. CoinGecko defines a “failed” Web3 game as one whose 14-day rolling average active user count has fallen more than 99% from its peak.Over the past 5 years, over 75% of Web3 games have failed. Source: CoinGecko2021 saw the highest number of blockchain games released in a single year, with 738 games, and the following…
In a move to connect traditional financial systems with the burgeoning world of Bitcoin, Block’s decentralized technology branch, TBD, has unveiled its open-source protocol, tbDEX. According to a press release sent to Bitcoin Magazine, the protocol, designed to foster trust and liquidity across diverse financial environments, was first adopted by Yellow Card, Africa’s leading cryptocurrency exchange.tbDEX provides an open-source liquidity and trust protocol that facilitates seamless exchange and trading of value between individuals and institutions globally. The core innovation lies in enabling financial institutions to conduct verifiable, trust-based transactions without intermediaries.“The world today has both traditional payment systems and government…
Ushering in a new era of cryptocurrency trading, LeveX integrates social trading into its platform like never before, creating a vibrant and connected trading community. In addition to these groundbreaking features, LeveX offers numerous innovations that enhance your trading experience like never before. LeveX: A leader in cryptocurrency exchange LeveX fundamentally positions itself as an excellent cryptocurrency exchange platform that offers a powerful, fast and efficient trading interface. Users have access to a variety of spot and derivatives pairs, including major pairs such as BTCUSDT, ETHUSDT, and LTCUSDT, creating ample scope for a variety of trading opportunities. Combined with specialized…
Spanish police arrested AC for helping Ethereum developer Virgil Griffith travel to North Korea in violation of U.S. sanctions, Reuters reported on December 1.Local authorities reportedly discovered that Alejandro Cao de Benos had been in Barcelona under a false identity and had planned to travel to Madrid by train. Police arrested Cao de Benos at a Madrid train station on November 30.Cao de Benos was released without conditions after appearing before a High Court judge on December 1. Extradition proceedings are reportedly pending, but the United States must formalize the extradition request and submit documentation.The defendant claimed that he would…
TON will receive a $20,000 grant from KuCoin’s investment arm to support the exchange’s efforts to build GameFi and payment-based mini apps. KuCoin Ventures, the investment arm of Seychelles-based cryptocurrency exchange KuCoin, has announced a partnership with The Open Network (TON) Foundation. The investment arm of the exchange platform plans to issue a grant of $20,000 to help strengthen and expand the TON ecosystem. This collaboration marks an important milestone in encouraging relationships between exchanges and public blockchain networks. This joint initiative is primarily focused on innovating payment systems and pioneering the innovative GameFi platform within the Web3 space, supporting…
Have you ever wanted to access your digital assets instantly, but also be sure that they are fully protected? Do you ever worry about what would happen to your digital assets if your phone were stolen or lost? Do you want to reduce the time it takes to access assets in your digital Vault? The dilemmas of phone security When we started Vault12 in 2014, mobile phones were pretty insecure: all one needed was a USB cable to download the contents of any phone. Internal phone storage was not a secure location for high-value digital assets, so we designed Vault12…