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Asset manager VanEck filed its fifth amendment application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on December 8.Depending on the An amended filing with the U.S. Securities and Exchange Commission (SEC) on Form S-1 to the regulator’s database highlights updates to the VanEck Bitcoin Trust. Spot Bitcoin ETFs are investment vehicles that allow people to purchase shares in a fund that tracks the price of Bitcoin.The VanEck ETF is now expected to be listed under the ticker “HODL.” This is either a misspelling of “hold” or an abbreviation for “hold on for dear life.” Bitcoiners use this phrase to…
On-chain data showed growing sentiment among investors to hold Bitcoin. Bitcoin has been on the rise since the beginning of this month, breaking a new yearly high. At the same time, CryptoQuant’s exchange data allows cryptocurrencies to Preparing for a continued upward trend. According to an on-chain analytics platform, Bitcoin’s exchange supply, or the amount of money that can be purchased on exchanges, has fallen to its lowest level since 2017. Exchange supply falls to lowest level in 6 years The Bitcoin market is flashing bullish signals that are correlated with expectations for spot Bitcoin ETF applications. CryptoQuant’s chart of…
The cryptocurrency market is currently witnessing interesting changes, with players such as Solana (SOL), Dogecoin (DOGE), Avalanche (AVAX), and the emerging Scapesmania making significant progress. While Bitcoin (BTC)’s rise stalled, altcoins such as Ethereum (Ether) and Solana (SOL) surged to their highest levels in 19 months. This change signals growing interest in altcoins and is potentially indicative of a broader market trend. In particular, Solana (SOL) showed significant gains, reaching its highest level since May 2022. This upward trend in the altcoin market, especially Solana (SOL) and Dogecoin (DOGE), suggests optimistic sentiments among traders and investors as we approach the…
Posted 1 minute ago In ~ Tether, the developer of the world’s largest stablecoin, has frozen the wallets of individuals sanctioned by the U.S. Office of Foreign Assets Control (OFAC), the company announced today. In an announcement, Tether framed the move as a “voluntary measure to proactively prevent potential misuse of Tether tokens and strengthen our security measures,” and stated that existing wallets on OFAC’s list will be frozen along with any new wallets added in the future. . The move appears to be one of the first major moves by CEO Paolo Ardoino, who took over as the company’s…
The world of cryptocurrency has experienced an incredible journey over the past decade. Cryptocurrency, which started as a niche technology, has developed into a global phenomenon that has sparked interest among investors, governments, and the general public. In this article, we will explore cryptocurrencies’ transformational journey from skepticism to support, and delve deeper into their potential and implications for the future. If you are looking for a training company, please consider visiting. automatic amount profit.Skeptic’s PerspectiveInitial skepticism and misunderstandingInitially, cryptocurrencies faced skepticism and misunderstanding. Many have dismissed it as a fad or a tool for illegal activity. There was a…
December 8 What is Chainlink (LINK)? Post time: 14:48h in education, tokens by admin Chainlink is a decentralized oracle network that is revolutionizing the way smart contracts interact with real-world data. Chainlink is a pivotal solution in the blockchain space that addresses one of the most important limitations of smart contracts on blockchain platforms, specifically the inability to access external off-chain data. The Chainlink network provides a secure and reliable way to feed this essential data to smart contracts, allowing them to execute based on information such as market prices, weather statistics, and other real-world inputs. LINK, Chainlink’s native token,…
According to data from CoinMarketCap, popular altcoin XRP performed positively over the past day, rising 6.92%. This price increase adds to the token’s impressive form throughout the week, recording an increase of 11.85% over the past seven days. Interestingly, there could be bigger gains for XRP investors in the coming months as popular cryptocurrency analyst Ben Armstrong has listed XRP as the most favorable asset to invest in ahead of a potential 2024-2025 cryptocurrency bull market. It appears to be. XRP is the token to buy in 2024. The analyst explains why. In a recent YouTube video, Ben Armstrong advocated…
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Posted 1 minute ago In ~ Blockchain interoperability protocol LayerZero has announced that it will launch a token after months of feverish speculation.“LayerZero has always been built with the ability to hold native tokens within the protocol, as seen in the immutable code released on Day 1. We have heard over the past few months that there has been a lack of community discussion and clear communication about this. “I heard this,” Project Posted in.“We can now say with certainty that there will be a LayerZero token. Its distribution is something we are doing our best to get right and…