The cryptocurrency market is seeing significant declines this week, with many top cryptocurrencies seeing double-digit gains. Overall, the cryptocurrency market capitalization has surged more than 8% over the past seven days. At the forefront are cryptocurrencies that have posted huge returns, including several that have more than doubled in value. There have been vivid signs of life across the cryptocurrency ecosystem this week, with a mix of hype around innovative new projects, momentum from the Bitcoin rebound, and a broader preference for riskier crypto assets. Coin prices have soared for both new cryptocurrencies that have just debuted and established platforms.…
Author: Crypto Flexs
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The Pudgy Penguins NFT collection first launched in July 2021 and sold out in minutes. The collection has since grown to 8,888 NFTs held by over 4,000 people, and Open Sea data It shows. The minimum price for the collection is about $27,000, up from $90 two years ago. The collection has a market capitalization of nearly $250 million. CoinGecko data It shows.
Posted 1 minute ago In ~ Popular NFT project Pudgy Penguins has announced the next phase of the project’s development: Pudgy World. Pudgy World is a Web3 game powered by the Ethereum Layer 2 network zkSync Era, which the company describes as an “immersive digital environment.” Pudgy Penguins’ announcement comes at a time when the project has been particularly successful. The lowest price for the NFT has nearly doubled in the past two weeks, according to data from Opensea, and the brand recently launched the toy in 2,000 Walmart stores nationwide. That’s slightly less than half of the company’s more…
HEX’s founder is accused of fraud, Binance is still operating in China and engaging in copy trading. Who is doing it? This week we bring you these stories and more in cryptocurrency. SEC charges HEX founder with fraud The US SEC has charged HEX and PulseChain founder Richard Heart with defrauding millions of investors through the illegal sale of unregistered cryptocurrency securities. The SEC also alleges that he misappropriated $12 million to purchase luxury goods such as a Rolex, McLaren and Ferrari, as well as $4 million in black diamonds. HEX’s market capitalization plummeted by $500 million just two days…
Despite Vanguard and State Street’s decision to abstain, the SEC still faces an important deadline in early January when it must announce its decision on the first Bitcoin ETF. Anticipation surrounding the possible approval of a spot Bitcoin exchange-traded fund (ETF) in the United States has reached a peak. But amid this frenzy, two major players in the ETF industry, Vanguard Group and State Street Corp (NYSE: STT), have conspicuously decided to sit on the sidelines. While industry giants like BlackRock Inc (NYSE: BLK) and Grayscale Investments LLC are eagerly awaiting regulatory approval, Vanguard and State Street have taken a…
After securing a $3.6 million seed funding round, decentralized finance (DeFi) platform Curvance has emerged from stealth mode. Positioned as the “everything app” for decentralized finance, lending, and borrowing, Curvance seeks to solve the problem of fragmentation across different chains and protocols. Curvance to resolve Defi fragmentation The seed round, held on December 5, garnered support from more than 20 decentralized autonomous organizations (DAOs) and prominent developers. Notable contributors from over 20 decentralized autonomous organizations and prominent developers. Among the backers were Offchain Labs, developer of Arbitrum, a cross-chain messaging platform Wormhole, and angel investors including Sandeep Nailwal, co-founder of…
Over a four-day period, wallets linked to cryptocurrency trading firms FTX and Alameda Research moved $23.59 million worth of digital assets to top cryptocurrency exchanges.Spot On Chain, a blockchain analytics company After tracking these movements, we estimate that the defunct entity has transferred $591 million using 59 different cryptocurrency tokens since October 24th.Wallets connected to FTX include a total of 19 tokens, including 3,150 Ether (ETH) worth $6.8 million, Aleph.im (ALEPH) worth $6.41 million ($59.6 million), Curve DAO (CRV) tokens ($2.48 million), and Avalanche ($990,000). Latest transfers of $23.59 million were spread across . (AVAX) and Chainlink (LINK) at $848,000.…
Bitcoin BTC -0.84% The price of was 6.6% higher during the stock market opening this week, but the recent rise in coin prices has not affected all cryptocurrency-related stocks equally.Here’s how stock market returns stacked up for the best cryptocurrency stocks last week. Small-scale miners have benefited greatly.The winners this week appear to be smaller Bitcoin mining companies Bitfarms (up 46.2%) and Core Scientific (up 43.5%), handily outpacing Bitcoin’s gains. Argo Blockchain and Terawulf also recorded small gains of 31% and 20% respectively this week, according to data from TradingView. However, not all small miners achieved the same results. Cipher…
In the complex world of financial markets, choosing the right online trading platform is important. There are numerous programs out there, each offering unique benefits, but it can be easy to feel overwhelmed. It is important to find a platform that suits your trading goals and preferences.Bullxm: A famous name in online tradingBullxm It stands out as one of the most popular and reputable trading applications. This web-based trading tool simplifies access to the international CFD markets, making it an ideal choice for those looking to take advantage of the favorable trading conditions on offer. With real-time updates and the…
Cryptocurrency analysts have identified indicators that could suggest: Cardano (ADA) The price is set so that you can enjoy parabolic movement. This is given as: altcoin Leading others as top gainers in the last 24 hours. When this happens, the ADA is on its way. in post Crypto analyst Tyler Strejilevich commented on his X (formerly Twitter) platform: ADA is set to record its first bullish weekly crossover since June 2020. The last time this happened, the cryptocurrency token was said to have risen 6,000% in a period that lasted over a year. This indicator appears to indicate very bullish…