The following is an excerpt from the latest edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. Subscribe now to be the first to get these insights and other on-chain Bitcoin market analysis delivered to your inbox. Last week I put into context the massive buying pressure coming to Bitcoin. But another (perhaps the biggest) source of potential demand is entering the field. We already know that Bitcoin ETFs, MicroStrategy issuing more shares to buy more Bitcoin, and Tether’s continued purchases and halvings will be the main sources of demand this cycle. For example, in the first two weeks…
Author: Crypto Flexs
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If you’re familiar with the world of cryptocurrency, you’ve probably heard of Bitcoin, Ethereum, and other well-known digital currencies. However, a new player has emerged that is generating a lot of buzz: SoleCoin. This innovative cryptocurrency is poised to revolutionize the way we think about digital assets and is already making waves in the industry. In this article, we will find out what SoleCoin is, why it is gaining attention, and why you should not miss the opportunity to participate. What is SoleCoin? SoleCoin is a cutting-edge cryptocurrency created to address some of the major limitations of existing digital currencies.…
Policy • January 30, 2024 1:55 PM EST Posted 1 minute ago In ~ According to documents submitted to an exchange, GlobalX’s application for a spot Bitcoin exchange-traded fund was withdrawn. Cboe BZX Exchange filed a notice of withdrawal on Jan. 26, according to a notice filed with the Securities and Exchange Commission on Tuesday. The SEC approved 11 spot Bitcoin ETFs on Jan. 10 after years of opposition over fraud and manipulation concerns. That changed after a D.C. court ruled over the summer that the agency must reexamine Grayscale Investments’ bid for a spot Bitcoin ETF. amazing movesBloomberg Intelligence…
Today we (the Devcon organizing team) are excited to unveil new ways to participate in next year’s event and to make Devcon an experience that is more representative of Ethereum as a whole. Devcon Improvement Proposal (DIP) A new tool that includes collaborative community input from across the ecosystem. This aims to improve the Devcon experience by formalizing a process for your ideas to be heard and incorporated into the event. Why now? In a previous post, we covered how we can do more to represent the entire Ethereum ecosystem at Devcon. However, doing so in certain events has become…
Shiba Inu (SHIB) price fell after rejection of a long-term pattern on December 17, 2023. SHIB is trading within a short-term correction pattern, falling below the horizontal support area. SHIB attempts to withdraw support Technical analysis on daily time frames shows that SHIB price has been trading within an ascending parallel channel since June 2023. This upward movement led to a high of $0.0000120 on December 17th. Afterwards, SHIB price was rejected (red icon), creating a resistance trendline for the channel. SHIB has since fallen and is trading below the channel midline. It has also fallen below an important horizontal…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. X Mining, a Bitcoin mining infrastructure designed to democratize the Bitcoin mining process, is launching early access to Bitcoin mining profits. X Mining Stake vs Mine The Bitcoin mining space is filled with expensive mining equipment and a lot of technical knowledge that is expensive, complex, and energy-intensive. The X Mining project is a problem it was designed to solve using a “stake-to-mine” model that would make Bitcoin mining accessible and potentially profitable to everyone. The vision behind the…
The Securities and Exchange Commission is expected to follow the strategy used to approve an in-kind Bitcoin exchange-traded fund. Ethereum ETH +2.62% According to Standard Chartered Bank, the ETF will start with a rejection and ultimately grant approval with an initial final deadline of May 23.“We expect pending applications for the ETH US spot ETF to be approved on May 23, which is the final deadline for the first ETF under consideration, which is the same as January 10 for the BTC ETF,” Standard Chartered said. said Geoffrey Kendrick, head of foreign exchange at the Bank. and Digital Asset Research…
GameStop’s The revival of ‘meme stocks’ That’s mostly the past now, but now there’s a new GME surging. This is a meme coin that has no actual connection to any gaming retailer.GameStop (GME) tokens are issued. Solana, which has seen demand surge and prices rise since its publication on Saturday. GME is up over 330% in the last 24 hours and is currently priced above $0.0039. gecko terminal, with a trading volume of approximately $22 million during the period. As of this writing, the token’s market capitalization is nearly $29 million.Popular meme coins are often based on internet trends, prominent…
Dogecoin is seeking bids above the $0.0750 area against the US dollar. DOGE could gain bullish momentum if it clears the $0.0820 resistance area. DOGE is showing positive signs above the $0.080 area against the US dollar. The price is trading above the $0.0795 level and the 100 simple moving average (4-hours). On the 4-hours chart of the DOGE/USD pair, there is a major ascending channel forming with support at $0.0795 (data source from Kraken). The price may begin to recover once $0.0820 and $0.0850 are cleared. Dogecoin price sees fresh surge Over the past few sessions, Dogecoin price has…
Base Network has built a new Ethereum Layer 2 network and stands out in that it can handle a large number of transactions and is made even more powerful by its connection to Coinbase. Coinbase is a globally well-known cryptocurrency exchange and company. They play an important role in the digital currency world by handling various types of cryptocurrencies. Imagine Base Chain as a game changer that solves Ethereum’s expensive transaction problem. It aims to make transactions cheaper while keeping everything in the Ethereum world secure. The fact that it is connected to the famous Coinbase, which has been providing…