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Author: Crypto Flexs
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According to on-chain data, the Dogecoin network has been seeing consistently high usage recently as the coin is handling one million movements per day. Dogecoin continues to see high usage recently According to data from market intelligence platforms: Into the Block, DOGE has observed a large amount of activity recently. The on-chain relevance metric here is “transaction count,” which tracks the total volume of movements processed on the blockchain. A high value for this metric means that users are currently transmitting a lot on the network. This trend means that interest in cryptocurrencies is currently high among investors. On the…
China’s Ministry of State Security has issued a warning against foreign mapping companies using cryptocurrency rewards to encourage unauthorized collection of sensitive geographic data in China, posing a threat to national security. China’s Ministry of State Security (MSS) issued a warning on February 20, 2024, regarding certain foreign guidance companies engaging in activities that potentially threaten national security. According to Zhao BaoThese companies encourage individuals in China to collect sensitive geographic data through the use of special equipment and “check-in” activities on maps. exchange For cryptocurrency rewards. These practices result in sensitive geographic information being collected and transmitted in real…
Former Celsius CEO Alex Mashinsky has chosen to be represented by the same legal team as FTX’s Sam Bankman-Fried over allegations of wire fraud and artificially inflating the value of the company’s tokens. Mashinsky expressed his decision to a federal judge, acknowledging his willingness to overlook any conflicts that may arise between Torrey Young and Bankman-Fried, as well as attorney Marc Mukasey, who represents him, according to a Bloomberg insight. Both attorneys represented Bankman-Fried in the landmark trial of FTX, in which the former FTX CEO was found guilty. Bankman-Fried awaits sentencing next month, where he could face up to…
Global asset management firm Bernstein expressed confidence, predicting that the U.S. Securities and Exchange Commission (SEC) would likely approve it. Ethereum spot ETF. SEC Ethereum Spot ETF Approval Imminent Ethereum, the world’s second-largest cryptocurrency, is second only to Bitcoin to receive ETF approval from the U.S. SEC, Bernstein analysts Gautam Chhugani and Mahika Sapra wrote in a February 19 research report. It was stated that it may be the only digital asset that receives . next Spot Bitcoin ETF ApprovedMany cryptocurrency enthusiasts predicted Ethereum to be the next cryptocurrency. In line with ETFs. However, given the SEC’s current stance on…
Ethereum options open interest ahead of month-end expiration on Friday shows a concentration of puts at the $2,200 strike price. One analyst said this could be a hedge against a bullish position, but it could also signal a bearish near-term outlook for the second-largest digital asset by market capitalization.This comes as Ethereum recently changed hands above $3,000 for the first time since April 2022, as speculators take a stand on whether the U.S. Securities and Exchange Commission will approve a spot Ether ETF in the coming months. An option is a derivative contract that gives a trader the right, but…
Pyth Network on Tuesday announced the launch of a real-time price feed for the Bitcoin exchange-traded fund (ETF), increasing data availability for both decentralized finance (defi) developers and the broader cryptocurrency and traditional finance communities. These feeds encapsulate data from 13 Bitcoin exchange-traded products (ETPs), providing valuable insights. Pyth Network Launches Real-Time Feed for Bitcoin ETF (…) Source: Bitcoin.com Cryptocurrency Investment Risk Warning Cryptocurrency assets are highly volatile. Your capital is at risk.Do not invest unless you are prepared to lose all your money.This is a high-risk investment and you should not expect to be protected if something goes wrong.…
FIL was the 12th most traded cryptocurrency in the last 24 hours. The OI for FIL futures soared to a 26-week high. Filecoin (FIL) was the second biggest gainer in the entire cryptocurrency market in the last 24 hours, thanks to the strength it received recently. The token representing the decentralized storage network surged to $7.53 at press time, up 16% in 24 hours and a whopping 38% in a week, according to CoinMarketCap data. The market is crazy about FIL The price surge caught the attention of market participants, leading to a 217% surge in daily trading volume. In…
Over the past day, Filecoin (FIL) has emerged from the shadows to achieve a price recovery of over 10%. This notable move has brought more attention to altcoins that previously failed to follow the general cryptocurrency market recovery. Accordingly, one cryptocurrency analyst predicted that altcoin prices would rise by 1,000%, which would bring major changes to altcoins. Filecoin will rise 10x to $70. In an analysis shared on The charts shared in the analysis track the coin’s movements over the past year, with a nearly 200% increase from lows below $3 to over $0.7. Nonetheless, the cryptocurrency analyst believes there…
Ripple may ‘burn’ 40 billion XRP held in escrow, CTO saysThe debate over whether Ripple should burn the 40 billion XRP it holds in escrow gained attention when the company’s CTO, David Schwartz, suggested a way to achieve this. The community has been discussing the possibility of burning coins, with some suggesting it is not technically feasible. Schwartz explained that Ripple can blackhole accounts, creating the same effect as burning escrowed XRP, effectively removing coins from circulation. This could potentially have a positive impact on the price of XRP, as seen in other cryptocurrencies. An ongoing legal battle with the…