Cardano continued its recovery, up 2% at press time. ADA remained below the neutral line of RSI. Cardano (ADA) has shown notable gains in recent days, signaling a continued recovery. AMBCrypto’s analysis of ADA’s daily timeframe chart shows an upward trend for three consecutive days. Cardano Begins Recovery This is a recovery from a previous downtrend that began around January 13th, when the price was around $0.58. As of press time, ADA is trading at around $0.49, up more than 2%. The total increase over the past three days is now over 6%. Source: Trading View Despite the commendable recovery,…
Author: Crypto Flexs
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September 22nd How did Bitfinex drive Lightning adoption? Post time: 12:13h At Bitfinex Lightning Maria Lobusova Pioneers in Reckless Lightning Adoption As one of the leading cryptocurrency exchanges, Bitfinex has long been at the forefront of technological innovation within the digital asset ecosystem. One of the exchange’s most important contributions is its early and strong support for the Lightning Network, a second-layer solution designed to accelerate Bitcoin transactions by creating off-chain payment channels. Bitfinex’s pioneering role in this space has not only raised its profile in the industry, but has also been instrumental in paving the way for broader Lightning…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Cryptocurrency markets fell following the approval of the spot Bitcoin ETF. However, many investors took advantage of the decline to buy more Ethereum (ETH) and Shiba Inu (SHIB). Pullix (PLX) is also gaining investor attention, raising over $4.6 million in an ongoing presale. Whales Double Down on Ethereum Ethereum has fallen recently. While some investors were selling ETH, whales were taking advantage of the low price to buy more ETH. According to Spot On Chain, one whale purchased $46…
The Hong Kong branch of Harvest Fund Management, a major Chinese asset manager, reportedly submitted an application for a spot Bitcoin exchange-traded fund (ETF) to local financial regulators last Friday. get ready The first batch of spot cryptocurrency ETFs will be launched soon.tencent news reported Today, Harvest submitted its spot Bitcoin ETF application to the Securities and Futures Commission, hoping to launch the city’s first ETF after the Lunar New Year holiday, which falls on February 10 this year.Harvest and SFC did not immediately respond to The Block’s request for comment.Earlier this month, Livio Weng, COO of Hong Kong cryptocurrency…
In the broader cryptocurrency world, there are currently many blockchains designed specifically for gaming, but Ronin is one of the first to launch.Gaming blockchains are typically built to offer lower transaction fees and a larger number of potential transactions, making them cheaper and more scalable than blockchains such as: Bitcoin And Ethereum. Some game chains are also private. This means that developers must receive approval from the blockchain creator to participate in the ecosystem.Ronin is one such example. At least for now, the company says it plans to open Ronin around 2024 to build out more studios. In the meantime,…
Polkadot (DOT) is trending upwards above the $6.80 resistance level against the US dollar. Removing the $7.28 resistance level could give the price some bullish momentum. DOT is trading in positive territory with $6.00 support against the US dollar. The price is trading near the $7.00 area and the 100 simple moving average (4-hours). On the 4-hours chart of the DOT/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance near $6.50. If the bears are unable to defend the $7.28 resistance zone, the pair may continue to rise. Polkadot price restart increases DOT…
Regulators are harnessing the power of artificial intelligence (AI) to spot scammers promoting cryptocurrency trading systems with false claims of high or guaranteed returns. As the trend toward using automated software for trading increases, the Commodity Futures Trading Commission (CFTC) has issued a consumer advisory highlighting the inability of these AI systems to clearly predict market movements. See below. The customer advisory, titled “AI Doesn’t Turn Trading Bots Into Money Machines,” exposes the fraudulent tactics used to lure investors, including Cornelius Johannes Steynberg, who stole more than $1.7 billion in Bitcoin (BTC) from unsuspecting victims. The story is explained in…
When I try to index and create an array from all the block hashes in the blockchain, I keep getting the following error: “(WinError 10048) Typically, each socket address (protocol/network address/port) can only be used once.” block_counter = 0 total_blocks = rpc_connection.getblockcount() while block_counter < total_blocks: block_hash = rpc_connection.getblockhash(total_blocks) blockHashArray = np.append(blockHashArray, block_hash) Are transactions coming from my node causing this error? So how can we solve this problem?
So, how was the cryptocurrency options market price for Bitcoin (BTC) spot exchange-traded fund (ETF) released? A quick post-mortem analysis of implied options and subsequently realized volatility (see below) shows that market expectations subsided following the event, and while Team Ether Options was asleep, the Bitcoin options market crowd was spot on in the market reaction. Looks like they’ve set the price. After ETH, the rally was led by the launch of a Bitcoin spot ETF.
The rapid outflow of Bitcoin investment funds appears to be slowing after analysts pointed to massive withdrawals as the catalyst for BTC’s 2023 decline. TLDR JPMorgan analysts believe the conversion of Grayscale’s GBTC into an ETF is likely to have ended most of the selling pressure on the Bitcoin price. GBTC has recorded $4.3 billion in outflows since becoming an ETF, which JPMorgan said has caused the price of Bitcoin to fall 20% to below $40,000. However, GBTC outflows declined to $394 million on January 25, the second lowest on record. Meanwhile, other US Bitcoin spot ETFs recorded a record…