The cryptocurrency analyst, who goes by the name “Ripple Van Winkle” on his YouTube channel “ The analyst released a video on December 11th making some bold predictions regarding the future price of XRP. The analyst believes that new cryptocurrency regulatory developments scheduled for 2024, including stablecoin notes and potentially spot Bitcoin (BTC) exchange-traded funds (ETFs), will pave the way for significant institutional investment. He cites comments from Representative Patrick McHenry predicting cryptocurrency regulation early next year. In the analyst’s view, the influx of institutional funds and XRP’s unique role as a bridge currency and deflationary properties could push the…
Author: Crypto Flexs
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X-Spot Global Limited, a company owned by Huobi Global Exchange (now HTX) co-founder Leon Li, has filed a preliminary injunction against Huobi Global to stop using the Chinese language “Huobi” trademark in Hong Kong. You won.A recent ruling by the Hong Kong High Court banned the HTX exchange from using the brand name Huobi (火幣) and the Chinese business name “Hua必”, which are “confusingly similar” to Hong Kong’s English trademark. Mr. Kong is awaiting a final trial on this matter. Presiding judge Mimmie Chan J wrote: “At this stage I do not see any arguable defense to the plaintiff’s trademark…
The U.S. government recently took important steps to remove two key provisions from the National Defense Authorization Act (NDAA) to address anti-money laundering (AML) issues in the cryptocurrency space. The move marks a notable shift in the government’s approach to digital asset regulation. Legislative background and provisions The NDAA, a bill primarily intended to authorize the nation’s Department of Defense spending, often includes various amendments. In this context, the two amendments specifically targeted supervision of cryptocurrency transactions to mitigate money laundering risks. Risk-Based Vetting System: The first provision included the U.S. Secretary of the Treasury working with banks and government…
Bitcoin (BTC) price recorded a sharp correction on December 11, falling 7%, wiping out all of the gains of the past seven days. The strong price correction sent BTC down to a four-month low of $41,329.The Bitcoin price correction was followed by a decline in altcoin prices, many of which recorded double-digit declines. However, market experts and analysts believe that the recent price crash is part of an ongoing price cycle, and it would not be surprising to see a correction after two months of bullish surge.Will Clemente, cryptocurrency analyst and co-founder of Reflexivity Research, said corrections and market volatility…
Elon Musk came under fire for misquoting Dorsey during his introduction to BitKey. You can now send money via social media through Coinbase, and there are bug fixes that could solve some of Bitcoin’s most pressing problems. But how much does it cost?! This week we bring you these stories and more in cryptocurrency. Bitcoin soars on interest rate rumors As rumors spread that the Federal Reserve may lower borrowing rates, Bitcoin soared to its highest level in 20 months, gaining 17% in a week. Gold prices also hit record highs, while lower U.S. Treasury yields boosted investor enthusiasm for…
GFX Labs, the team behind trading terminal Oku, has deployed Uniswap version 3 (v3) to Rootstock, according to an email announcement shared with CoinDesk on Monday. According to the Uniswap website, the project, originally designed for Ethereum, has also been deployed on the Ethereum layer 2 networks Arbitrum, Optimism, and Polygon.
Bitcoin BTC -4.74% A price correction was seen earlier in the week, with the digital asset falling below $42,000 on Monday.According to ETC Group analysis, this price adjustment is linked to an increase in the circulation of Bitcoin, which is currently profitable.“The cryptocurrency asset has been on a downward trend recently as Bitcoin investors are taking more and more profits,” André Dragosch, head of research at ETC Group, told The Block.According to Dragosch, the overall market is in a strong profit environment, which means some investors tend to profit from their positions. According to ETC Group analysis, 88.3% of Bitcoin…
The cryptocurrency market faced a sudden collapse on December 11 when the price of Bitcoin plummeted 6.5% in 20 minutes. Bitcoin has rebounded for most of 2023, rising more than 150% since January 1. However, from around $43,300 early Sunday morning, it suddenly fell below the $41,000 level. key point The price of Bitcoin suddenly fell 6.5% in 20 minutes on December 11, falling from $43,357 to below $41,000. The drop wiped out nearly a week’s worth of Bitcoin gains and liquidated more than $270 million in long BTC positions. Ether and other major cryptocurrencies such as BNB, XRP, and…
The metaverse game market is expected to surge from $14.2 billion in 2023 to $168.421 billion in 2030. This technological revolution, based on AR, VR, and blockchain, is reshaping the gaming experience. The expected growth creates economic opportunities as virtual assets, currencies, and services gain real value. The metaverse gaming market represents a virtual space where players engage in real-time interaction, bridging the gap between the physical and digital realms. Driven by technological advancements such as augmented reality and blockchain, the gaming metaverse has already transformed the landscape of interactive digital experiences. According to CoinJournal.netThe global metaverse gaming market is…
join us telegram A channel to stay up to date on breaking news coverage Avalanche price has traded up 16% in the last 24 hours. $35.46 12:30 AM EST. This happens because whales accumulate more AVAX in anticipation of the pump, as seen in the on-chain statistics provided by @berly_eth. Small update: The Avax Foundation’s alternative wallet has been fully acquired. $BEAR 3100 tokens $AVAX ($115,000) fell for 2 days. The last purchase was 4 hours and 30 minutes ago, and they added $92,000 worth of tokens to Bear LP.The remainder of the tokens were transferred to another wallet. AVAX…