Victoria, Seychelles, February 28, 2024, Chainwire The B² network, a Bitcoin layer 2 network, now supports the following connections: BitGet Wallet. Users can access the fast, cost-effective, and secure Bitcoin Layer 2 network through the Bitget Wallet mobile app or browser extension. This makes cross-chain trading of BTC assets and participation in the airdrop program possible. B² Network, an EVM-compatible Bitcoin Layer 2 solution, integrates smart contracts into the Bitcoin network to unlock the untapped potential of Bitcoin’s $832 billion market capitalization. This initiative serves as a platform for pioneering applications in the BTC ecosystem, including DeFi, NFTs, BTC derivatives,…
Author: Crypto Flexs
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Samuel Bankman-Fried, the defendant in a high-profile cryptocurrency fraud case, is likely to receive a reduced sentence as FTX assets hint at full compensation to customers. In a series of events that could affect the sentencing of Samuel Bankman-Fried, the founder of now-defunct cryptocurrency exchange FTX, a recent court case suggested his client could receive full compensation. Bankman-Fried, who faces multiple charges including wire fraud and conspiracy, is currently awaiting sentencing, and Case No. 22-cr-673 (LAK) is gaining a lot of attention in the cryptocurrency community. FTX Assets’ announcement that full repayment to customers and general unsecured creditors could be…
Bitcoin (BTC) is now quickly approaching the coveted $60,000 mark after rising 5% over the past day. This is because investor interest in the world’s largest cryptocurrency has reached levels last seen during the 2021 boom, putting it very close to all-time highs. Rally before halving? Bitcoin is close to $60,000. The price rise coincided with a surge in demand as spot Bitcoin exchange-traded funds (ETFs) surpassed $3 billion in cumulative trading volume on Tuesday. Other traders also cited the expected April Bitcoin halving as a source of new talk to spark pre-halving increases. The market capitalization of the world’s…
Magic Eden partners with Yuga Labs to launch Ethereum Marketplace to maintain creator royalties in the evolving NFT landscape. Magic Eden announced that it is partnering with Yuga Labs to launch an Ethereum marketplace. The platform is the first major Ethereum-based marketplace to respect creator royalties, marking a significant step forward in supporting the creator economy within the web3 ecosystem. A new chapter for NFTs and creator royalties Magic Eden, known for its cross-chain NFT platform, has teamed up with Yuga Labs, the web3 lifestyle and media giant behind iconic collections such as Bored Ape Yacht Club (BAYC) and CryptoPunks.…
The way I see it, it’s the same as NFT. Yes, there are many other factors, but for Ordinals it’s just the fact that the images are literally on a chain. And it’s not on any chain, it’s on Bitcoin. Yes? We know Bitcoin is going to be around. I think one attribute stands out. As people feel, this is real and it will never go away and my digital art is now stored forever. And that’s it. I think that’s a base level property. And there are other things around it that are obviously of a lot of interest.…
BlackRock’s IBIT Spot Bitcoin Exchange Traded Fund hit a record daily inflow of $520.2 million on Tuesday, amid continued surge in Bitcoin prices.According to BitMEX Research data, IBIT’s inflows yesterday were 5% higher than the previous record of $493.1 million set on February 13, bringing the total net inflows of all US spot Bitcoin ETFs registered on Monday to 5% combined. It exceeded 19.8 million dollars.On Monday, BlackRock’s usually dominant ETF fell to third place due to inflows, with just $111.8 million. Fidelity’s FBTC led inflows on Monday, adding $243.3 million, while Ark Invest 21 Shares’ ARKB came in second,…
The profit margin for Bitcoin supply is the highest at 94.98%. It serves as an indicator to determine the highs and lows of long-term cycles. Current rates are identical to those recorded during the peak of the 2019 eco-bubble and the start of the 2020 bull market. Other times this rate was higher were 2017 and 2021. Although investing in BTC appears attractive at the moment, analysts have issued warnings to traders that the current bullish trend could lead to a downside ahead. This does not necessarily reflect the long-term permanent picture. Bitcoin ultimately surpassed the ATH of nearly $68,000…
Introduction to basic wallet:Wallet is a digital wallet that allows you to easily spend and withdraw currency from anywhere. This allows us to use the currency easily and safely. Using the default wallet is very easy as you first need to create an account. After creating this account, you can save your currency in this account and use it when you need it.Apart from this, one of the advantages is that it saves your account information and does not share this information with anyone else. It also gives us cryptocurrency features where we can sell cryptocurrencies to anyone and buy…
The Internal Revenue Service (IRS) recently hired two prominent figures in the digital asset industry. Their mission is to lead the agency’s efforts to strengthen cryptocurrency tax compliance and enforcement. These new hires come as the IRS is increasing its focus on the cryptocurrency sector and changing the rules for how digital assets are taxed. IRS Joins Cryptocurrency Experts for Tax and Enforcement Guidance The first of these recruits is Sulolit “Raj” Mukherjee. He was previously Global Head of Tax at blockchain innovator ConsenSys and a key player at Binance.US. Seth Wilks, previously Vice President of Government Relations and Success…
Are you ready to jump into the world of Hitcoin and start making big money? Hitcoin is a revolutionary new cryptocurrency that is making waves in the financial markets. With its innovative technology and promising potential, Hitcoin is definitely worth considering as a way to increase your income. What is Heatcoin? Hitcoin is a digital currency based on blockchain technology. It is decentralized and operates independently of any central authority or government. This makes it safe, transparent and trustworthy. Hitcoin can be used for a variety of purposes, including online trading, investments, and payment methods. How to Make Big Money…