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.…
Author: Crypto Flexs
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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…
Today, Strike CEO Jack Mallers announced the expansion of Strike’s suite of Bitcoin services into multiple African markets.We just published the Strike Africa announcement.Today we expand our entire product range with the launch of Strike Africa. #Bitcoin We serve Gabon, Ivory Coast, Malawi, Nigeria, South Africa, Uganda and Zambia, with more markets to come.LFG! 🌍🫡https://t.co/icN0DZ4bGS pic.twitter.com/khxKecltAY— Jack Mallers (@jackmallers) February 27, 2024 Strike Africa is now available in Gabon, Côte d’Ivoire, Malawi, Nigeria, South Africa, Uganda and Zambia, with further expansion planned in the future. With this expansion, Strike aims to address the unique financial challenges faced by many African…
The Spot Bitcoin (BTC) ETF continues to attract the attention of market participants, recording two all-time high trading volumes in the past two days amid the latest Bitcoin upward trend. As of February 26, the total volume of the seven largest spot Bitcoin ETFs reached $7.64 billion, according to Santiment. This is the current highest record, surpassing the previous record of $6.15 billion to $1.49 billion. Interestingly, the market hit a high of $6.15 billion on February 25, suggesting that the latest ATH was achieved for the second day in a row. The current increase in volume comes after a…
In recent years presentationThe Ethereum (ETH) Foundation announced that the highly anticipated Dencun network upgrade has been successfully activated on all testnets. Upgrades coming to Ethereum mainnet March 13, 2024 marks an important milestone in the protocol’s efforts to enhance scalability and reduce user transaction costs. Ethereum’s Latest Milestones Following last year’s successful Shapella upgrade, the Dencun upgrade introduces several notable changes aimed at improving the efficiency and capacity of the Ethereum network. One of its key features is the introduction of temporary data chunks through Ethereum Improvement Proposal 4844, affectionately known as “protodanksharding.” Expected to further decrease this time…
Hong Kong plans to launch a ‘regulatory sandbox’ to test stablecoin issuance and business models, as outlined in its 2024 budget plan. Hong Kong’s Finance Minister Chan Mo-po announced the implementation of a ‘regulatory sandbox’ for stablecoin issuance as part of the 2024 budget. This initiative aims to test issuance processes, business models, investor protection mechanisms and risk management systems for stablecoins within a controlled environment. Establishing a balanced regulatory system The announcement follows government proposals to regulate stablecoin issuers released for public consultation last year. The goal is to establish a regulatory framework that balances financial stability with the…