Market • February 23, 2024 3:54 PM EST Posted 1 minute ago In ~ In what appears to be another boon to the new spot Bitcoin ETF market, financial advisory platform Carson Group has approved four products, according to Bloomberg.The report states that spot Bitcoin ETFs offered by BlackRock, Fidelity, Franklin Templeton, and Bitwise are the four ETFs approved by the Carson Group and will be made accessible to financial advisors and clients. According to the report, the Carson Group is a $30 billion registered investment advisor (RIA) platform.“Access to the platform for financial advisors and retail clients is Bitcoin…
Author: Crypto Flexs
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Coinbase’s case is in southern New York, Binance.US is in the Washington area, and Kraken’s is in northern California. Another company named Legit.Exchange filed suit against the SEC in the Northern District of Texas. The chances of four different district judges in four different districts finding an agreement are a bit slim. Assuming the parties involved appeal whatever decision is made, we’re also looking at a few appellate courts to weigh in.
AVAX’s stablecoin liquidity reached a yearly high, increasing confidence in the ecosystem. Interest in DeFi has increased, but NFT trading volume has decreased. Over the past few days, the Avalanche (AVAX) network has seen a notable surge in stablecoin liquidity, marking another milestone in its continued development. This rise in liquidity not only impacted network stability but also reverberated across various sectors within the Avalanche ecosystem. Increased liquidity Avalanche’s stablecoin liquidity growth has been particularly impressive over the past week. The data reflects a significant increase, pushing stablecoin liquidity on the network to a new annual high. This surge signals…
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. join us telegram A channel to stay up to date on breaking news coverage The price of Starknet soared after StarkWare modified its STRK airdrop plan in response to investor backlash sparked by the original token unlock schedule. The original plan would have allowed some early investors to unlock 1.3 billion tokens, worth more than $2.6 billion, on April 15, raising concerns of a rapid sell-off. According to the revised plan,…
Arbitrum (ARB), an Ethereum layer 2 scaling solution, recently experienced a price decline, falling below the $2 mark after a brief attempt to set a new price floor. This decline, caused by a number of factors, including increasing selling pressure and weak technical indicators, raises questions about the token’s near-term trajectory while also highlighting its long-term potential. ARB price losing its grip on the $2 handle. Source: Coingecko Heavy selling triggers a downward spiral. The price decline began with a surge in selling pressure, particularly from Convex Finance. In the last 24 hours, the DeFi giant offloaded 901,392 ARB tokens…
February 23rd Is Ethereum at risk of becoming centralized? detailed observation Posting time: 20:00h education by admin Ethereum transitions to a proof-of-stake consensus mechanism absorption Significant concerns have been raised about the potential centralization of the network in September 2022. This change fundamentally changed the way transactions were verified and blocks were created, moving from a computationally intensive proof-of-work model to a system where validators stake Ether as a form of security. This change unintentionally concentrated control within the network, often in the hands of a few large companies, sparking debate about its impact on Ethereum’s decentralized ethos. Has the…
Bitcoin BTC -0.89% With inflation still persistent, it is emerging as an attractive option for portfolio diversification in a macroeconomic environment, analysts said.Bitfnex head of derivatives Jag Kooner said various macroeconomic headwinds in 2024 could strengthen the safe-haven status of assets such as Bitcoin, gold and silver. “Sustained inflation levels that remain above the comfort zones of central banks around the world are expected to result in a prolonged period of interest rate increases. This scenario is likely to temper current market expectations of an early easing of monetary policy in advanced economies, which investors are concerned about. “It may…
Binance Holdings Ltd. was ordered to pay $4.3 billion for a plea deal approved by District Judge Richard Jones, one of the heaviest criminal penalties in U.S. history. The agreement follows Binance, the world’s largest cryptocurrency exchange, and its founder Changpeng Zhao pleading guilty to anti-money laundering and sanctions violations, including dealings with Hamas and other terrorist groups. The agreement announced in Seattle also mandates compliance monitoring for up to five years by an independent firm, which has not yet been appointed and would potentially be appointed by New York-based law firm Sullivan & Cromwell. Judge Jones said, “This is…
According to a press release on February 23, decentralized exchange (DEX) Vibrant Finance has entered the non-Ethereum DeFi environment based on Neon EVM, a Solana-based platform.DEX overcomes the existing limitations of traditional DeFi exchanges by leveraging the Discretized-Liquidity Automated Market Maker (DL-AMM) model.Vibrant Finance CEO Jimmy Yin expressed enthusiasm for this deployment on Neon, highlighting its potential to bridge Ethereum’s vibrant DeFi ecosystem with Solana’s strong liquidity and trading efficiency.“With the latest deployment of Neon EVM, we aim to make liquidity more efficient and promote collaboration between chains and ecosystems,” Yin said.Known for providing separate liquidity for each price movement,…
The Avalanche blockchain faced disruption due to the launch of Inscription Wave.Avalanche blockchain, known for its decentralized application (DApp) platform, suffered a severe technical outage on February 23, affecting block production within its proof-of-stake (PoS) network.Technical disruption of block productionAt exactly 12:02:27 UTC, Avalanche’s primary network experienced an outage in block production, temporarily halting network operations. Kevin Sekniqi, co-founder of Ava Labs, went to X (formerly Twitter) to immediately address this issue. Sekniqi said their team was actively investigating the outage, hinting at a potential link to the “inscription wave” that recently began just an hour before the block production…