Bitcoin was flat on Thursday morning ahead of new US data on two important economic indicators: initial jobless claims and home sales.As of this writing, Bitcoin is trading at $51,823.78. This is up a slight 0.3% since this time yesterday and virtually unchanged compared to last week, according to CoinGecko data.Both Bitcoin and Ethereum showed signs of traders taking profits and waiting to see what the markets will do after the US reported initial jobless claims and existing home sales.Investors have been focusing on economic data to predict when the Federal Reserve will finally cut interest rates in 2024. Hints…
Author: Crypto Flexs
Read More
European Central Bank advisers doubled down on the criticism: Bitcoin BTC +0.83% This suggests that it failed to become a globally decentralized cryptocurrency and instead fell victim to fraud and manipulation.In an ECB blog post Thursday morning, Urrich Bindseil and Jurgen Schaaf called the U.S. Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin exchange-traded fund in January a “naked emperor bird.” and claimed that this did not change the fact that it was “the naked emperor’s new clothes.” “Bitcoin is not suitable as a means of payment or investment.”The ECB post goes on to suggest that for Bitcoin’s…
Bitcoin price again failed to clear the $53,000 resistance level. BTC is now back below $52,000 and is likely to fall below the $50,500 support. Bitcoin price is struggling to break the $52,000 resistance zone. The price is trading below $52,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a bearish trend line attached, forming at resistance $51,550. A break below the $50,500 support could see the pair gain bearish momentum. Bitcoin price falls again Bitcoin price failed to start a new rally above the $52,200 resistance zone. BTC stabilized…
join us telegram A channel to stay up to date on breaking news coverage Smog Token, a recent entrant into the meme coin space on the Solana Chain, has seen a surge in popularity since its introduction on Jupiter. Thanks to its unique dragon-themed aesthetic and attractive airdrop event, it is solidifying its position as a strong contender to dominate the meme coin niche. Smog Token Gains Traction and Secures Meme Coin Dominance in 2024 Smog Token (SMOG) is quickly emerging as a contender in the meme coin space, garnering attention for its significant growth potential. The price of SMOG,…
Unless you were fortunately unaware, it would be difficult to avoid the inexorable growth that cryptocurrency casinos have enjoyed over the past few years, and their incredible rise is no coincidence. Cryptocurrency casinos have revolutionized people’s experience on online sites and continue to evolve.Of course, there are numerous factors involved in determining how cryptocurrency casinos redefine the iGaming landscape. However, to make things easier, we’ve limited this to just a few, so let’s scratch beneath the surface and uncover the success of cryptocurrency casinos.Blockchain ImpactBefore delving deeper into the dynamic nature of cryptocurrency, it is worth pointing out that it…
join us telegram A channel to stay up to date on breaking news coverage Binance, the leading exchange by trading volume, officially removed Monero from its platform as of Tuesday, February 20th. This move follows the announcement made on February 10 and marks the end of XMR’s presence on the leading global trading platform. Amid these developments, Binance is navigating difficult times to meet regulatory requirements around the world. The exchange’s former CEO, Chanpeng Zhao, is under investigation in the United States and subject to travel restrictions despite being based in the UAE. The decision to delist Monero did not…
Palo Alto, USA, February 20, 2024, Chainwire The co-organizers of Sui Basecamp, the first annual global Sui conference, today announced the first confirmed speakers for the Paris event, taking place on April 10 and 11, 2024. Sui Basecamp is a celebration of developers and entrepreneurs building on Sui. It is an innovative layer 1 blockchain and smart contract platform and features speakers and thought leaders from around the world and across the greater Web3 ecosystem. Sui Basecamp’s initial speakers include: Arianna Simpson, General Partner at a16z Balaji S. Srinivasan, Angel Investor, Technology Founder, and Author of The Network State Meltem…
Our privacy policy, Terms of Use, cookie, and Do Not Sell My Personal Information has been updated.CoinDesk is a leader in news and information about cryptocurrencies, digital assets and the future of money. award-winning We are a media outlet that pursues and adheres to the highest standards of journalism. Strict editorial policy. November 2023, CoinDesk Acquisition Bullish Group Owner Bullish is a regulated institutional digital asset exchange. Bullish Group owns the majority of: Block One; both groups understanding It has various blockchain and digital asset businesses and a significant portion of digital assets, including Bitcoin. CoinDesk operates as an independent…
Korea Digital Asset (KODA), Korea’s largest institutional cryptocurrency custody service, announced on Thursday that the value of cryptocurrency assets in its custody increased by approximately 248% in the second half of 2023. KODA, which was jointly founded by major Korean bank KB Bank, cryptocurrency venture capital firm Hashed, and blockchain technology company Haechi Labs, said in a statement that the assets it manages are worth approximately 8 trillion won (KRW 8 trillion). It is said that it has increased to $6 billion). From 2.3 trillion won as of the end of June 2023 to the end of last yearMeanwhile, the…
Ethereum price surged above the $3,000 resistance level before the downtrend began. ETH is correcting its uptrend, but the decline may be limited below the $2,865 support. Ethereum adjusted lower after struggling to stay above the $3,000 level. The price is trading above $2,900 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bearish trend line connected to the resistance at $2,950. Unless the bears push the price below $2,865, the pair could start a new rally. Ethereum price is lower Ethereum price continued its upward trend above the $3,000 resistance zone.…