One of the new Argentine president’s first major actions is to drastically devalue the local currency to combat the economic crisis. Meanwhile, the price of Bitcoin in Argentina is cooling, having hit an all-time high a few days ago. On December 12, newly elected President Javier Millay announced a sharp devaluation of the Argentine currency (ARS), along with cuts to energy and transportation subsidies. Peso devalued by 50% The move will cause the Argentine peso to fall by 50%, from 400 pesos per dollar to 800 pesos per US dollar. “For months we will be worse off than before,” Economy…
Author: Crypto Flexs
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A total of $1.7 billion has flowed into Bitcoin (BTC) since the beginning of the year, with an additional $20 million worth of institutional funds flowing in over the past few weeks alone. Additionally, there was a lot of capital inflow. This is because it shows the high demand from investors for Bitcoin.ETF excitement fuels Bitcoin’s surgeWith all the hype surrounding the possible approval of a dozen index-based spot exchange-traded funds, this is despite the fact that Bitcoin is experiencing spectacular growth. This could create a positive atmosphere among investors, who see it as a necessary incentive for traditional financial…
reporter Posted on: December 13, 2023 After a brief correction, LTC rose slightly over the next 24 hours. While the mining sector thrived, market indicators were weak. After rising to nearly $80, Litecoin (LTC) registered Price adjustment due to bear market. While that happens, should investors believe that Litecoin is actually undervalued even after the price correction? Is Litecoin Undervalued? For Litecoin, the past week has been difficult with the price dropping significantly on the charts. According to CoinMarketCap, the daily chart of LTC is in the green, with the cryptocurrency up 1.5% in 24 hours. At the time of…
Financial giants have a dark side and a bright side. On the dark side you have people like Belfort and Madoff. And on the bright side, we have Cuba and Buffett. Which side should I support? Madoff is broke and Belfort is giving seminars to his brothers to raise money. On the bright side, Cuban and Buffett are worth a combined $124 billion. Chase the bright side of wealth with Gamebeat’s Wolf of Wild Street slot. Is Margot Robbie here too? Expanding wild symbols may appear on the reels during base game action and free spins. This symbol replaces all…
The Ethereum Foundation (EF) exists to help the Ethereum ecosystem thrive, and there is much yet to be discovered about what Ethereum can do for the world. That’s why we support individuals who have the potential to unlock parts of the Ethereum story that have yet to be written. Devcon Scholars Program We provided support to make Devcon more accessible to 50 individuals who we believed had the potential to make a positive impact on Ethereum and its community, but who would not have been able to attend without financial support. program We have selected individuals who will enrich Devcon…
Binance said it has agreed to robust monitoring of its compliance and sanctions control program. Popular cryptocurrency exchange Binance says it has made significant progress with regulators. This comes after recent clashes with regulators such as the U.S. Securities and Exchange Commission (SEC) and the U.S. Securities and Exchange Commission (CFTC). In a blog post Tuesday, the exchange acknowledged that it may have gotten things a little wrong in the past. That means you may not have taken into account how quickly your company is growing and updating your compliance management. Binance welcomes the scrutiny and is currently cooperating with…
Swarm, a Berlin-based DeFi platform regulated by Germany’s BaFin, has launched “Open dOTC”, a permissionless trading platform for tokenized real-world assets, as a public good service. Built on Ethereum, the platform utilizes decentralized over-the-counter (dOTC) smart contracts. These contracts are designed to minimize credit and counterparty risk by eliminating slippage, ensuring prompt settlement and fully securing transactions, according to the statement.Swarm’s tokenized U.S. Treasury ETF will be available at launch, and the platform plans to add tokenized publicly traded stocks such as Apple and Tesla.“The adoption of tokenized assets is hindered by the lack of a viable platform to trade…
Bitcoin continues its upward trend for eight consecutive weeks. While this shows the bulls are firmly in control, it also suggests that the rally may become overextended in the near term. This may be one of the reasons why Bitcoin and altcoins plummeted on December 11th. The drop led to the liquidation of more than $500 million in cryptocurrencies. Although leveraged traders get lost in sharp downturns, this does not necessarily mean a change in trend. A correction in an uptrend is considered a healthy signal because it reduces excessive speculation and shakes off weakness. It also provides an opportunity…
Memetic cryptocurrency Satoshi saw its price surge by 140% just hours after major cryptocurrency exchange Binance announced it would list the token. According to Lookonchain, a prominent on-chain analytics platform, the top 20 holders of Satoshi (SATS) currently control 333.3 trillion tokens worth $150.8 million. This accounts for 15.9% of the total supply. Six of these top holders acquired SATS through minting, amassing approximately 78.57 million SATS, currently worth $35.5 million. As of this writing, the price of SATS is $0.0000004896, showing an impressive daily increase of 138.03%. This significant price movement occurred after Binance officially announced that it would…
join us telegram A channel to stay up to date on breaking news coverage The Fetch.ai price prediction shows that FET is starting to produce significant growth towards the upper boundary of the channel. Fetch.ai predictive statistical data: Current Fetch.ai price – $0.548 Fetch.ai market cap – $468.6 million Fetch.ai Circulating Supply – KRW 824 billion Fetch.ai total supply – 1.1 billion Fetch.ai CoinMarketCap Ranking – 106th FET/USD market Main level: Resistance levels: $0.700, $0.750, $0.800 Support levels: $0.350, $0.300, $0.250 FETUSD – daily chart FET/USD is currently trading at around $0.548 as the coin is on the rise. If…