After a poor performance in January, Bitcoin gained momentum in February and rose about 22%, indicating aggressive buying by the bulls. The CoinShares Digital Asset Fund Flows Weekly Report shows $2.45 billion in weekly inflows into digital asset investment products last week. This brings total inflows year-to-date to $5.2 billion. Bigger whales with between 1,000 and 10,000 bitcoins in their wallets, according to data from market intelligence platform Santiment. purchased The value of Bitcoin in 2024 is $12.95 billion. However, during the same period, smaller whales with 100 to 1,000 Bitcoins in their wallets were sellers worth $7.89 billion. In…
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DeFi • February 23, 2024, 4:39 AM EST Posted 1 minute ago In ~ Uniswap has launched the ‘uni.eth’ subdomain using the Ethereum Name Service infrastructure to allow users to translate complex hexadecimal Ethereum addresses into human-readable names.Users can request a uni.eth subdomain through the Uniswap mobile app, which provides one subdomain for free. The name change is designed to eliminate gas generation through off-chain resolver contracts.An ENS subdomain is a domain created under an existing ENS domain name and is typically used to manage multiple ENS identities, similar to subdomains for existing websites.Any ENS domain owner, such as uni.eth,…
Gauntlet decided to step down from his role as risk manager at Aave, citing governance and operational issues as the main reasons. This announcement marks the end of a four-year collaboration that helped grow Aave. Gauntlet Ends Partnership with Aave Due to DAO Dispute Blockchain risk management company Gauntlet has officially (…)
Cryptocurrency exchange Kraken has asked to dismiss the SEC lawsuit, arguing it overextends regulatory scope and poses a threat to commerce. Cryptocurrency exchange Kraken has filed a motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). He argued that the agency was setting a dangerous precedent that could potentially give it unfettered authority over a wide range of commerce. The legal battle marks another chapter in the regulator’s ongoing investigation into cryptocurrency companies. background of the incident The SEC has taken various cryptocurrency companies to court for violating securities laws. The lawsuit against Kraken focuses…
The index is up more than 11% over the past seven days, while FIL and GRT are up more than 40%, defying moderate weakness in the overall market. Index leader Chainlink’s LINK token fell 10%. The CoinDesk 20 index, a broad cryptocurrency market benchmark, fell 2% in seven days as Bitcoin (BTC), the world’s largest cryptocurrency by market value, fluctuated between $50,500 and $52,500.
Cardano (ADA) is trimming gains at the $0.642 resistance zone. ADA could start a new rally if it stays above the $0.5550 support area. ADA price is showing some signs of weakness below the $0.600 level. The price is trading above $0.5550 and the 100 simple moving average (4-hours). A break occurred below the main bullish trendline with support at $0.610 on the 4-hours chart of the ADA/USD pair (data source from Kraken). If the bulls remain active above the $0.570 support, the pair could attempt a fresh increase. Support for Cardano price decline After forming a base above the…
reporter Posted on: February 23, 2024 Avalanche’s ecosystem has experienced tremendous growth recently. Despite the ecosystem growth, the price of AVAX has fallen, resulting in lower lows and lower highs. Avalanche (AVAX) has seen tremendous growth over the past few months in terms of its ecosystem. sudden surge in activity In the fourth quarter of 2023, the network saw a notable surge in on-chain activity, recording 6.4 million transactions on November 22 and 6.3 million on December 19. The first surge was initiated by ASC-20 and the second surge was driven by increased activity related to meme coins. This surge…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Binance, one of the world’s largest cryptocurrency exchanges, announced a partnership with Celestia (TIA) to introduce additional features to the Chainlink ecosystem. At the same time, Borroe Finance (ROE), a new player in decentralized finance, is gaining prominence. Chainlink’s Strategic Partnership Chainlink, a decentralized oracle network, has launched a series of new advancements and collaborations to strengthen its infrastructure and ecosystem. These initiatives include the development of the Cross-Chain Interoperability Protocol (CCIP), which connects various blockchains. Chainlink has also…
Posted 1 minute ago In ~ Representatives of the European Union (EU) Council and European Parliament agreed on Thursday on the location of the headquarters of a new European authority for anti-money laundering and terrorist financing, deciding that the organization AMLA will be based in Frankfurt. , germany.AMLA, which will oversee the cryptocurrency sector, will have more than 400 employees and is expected to begin operations in the middle of next year. press release Announced yesterday, the organization is labeled as “central to reforming the EU’s anti-money laundering framework”.But Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and Capital…
On the morning of May 10, 2023, Kraken testified before the House Financial Services Committee and the House Agriculture Committee about the SEC’s cryptocurrency glut. Kraken testified that current laws do not adequately address the digital asset industry and that Congress could do more to enact a set of rules to better protect consumers and investors. Kraken testified on its new set of cryptocurrency exchange rules: Congress should limit the SEC’s jurisdiction in favor of other agencies.. The next day, the SEC called Kraken and said they would file a lawsuit. Cryptocurrency innovators in the United States need not fear…