A cryptocurrency trader is making the rounds on social media after making over $6 million in profits on the Ethereum blockchain. This incredible trade took place in less than a day, resulting in a profit of almost 600% on whale trading. So how did they do this? Crypto Trader Earns $6.7 Million in 3 Hours According to Lookonchain, an on-chain data tracker, a single wallet earned nearly $7 million in its final days from a particularly hyped launch. The Satoshi VM project, a layer 2 network for the Bitcoin blockchain, launched to much fanfare on Thursday, with support from some…
Author: Crypto Flexs
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The initial distribution of cryptocurrencies like XRP has always been a hot topic for investors in the cryptocurrency community. In many cases, the discussion begins with the fact that investors believe there was foul play at Genesis where some people received an unfair share of the token supply. The latest coin to come under scrutiny is the XRP token, with community members asking questions about some of the events that occurred on Genesis. As a result, Ripple CTO David Schwartz took it upon himself to clarify these issues. What happened to the Genesis Block? David Schwartz first drew criticism from…
As a trader at Platinum Crypto Academy, I have been closely following the dynamic changes in the cryptocurrency markets and two developments in particular have caught my attention. That’s the potential approval of a Bitcoin ETF and the evolving Polkadot (DOT) ecosystem. These two factors are becoming major game-changers in the cryptocurrency world. Starting with the Bitcoin ETF, market expectations are clear. Industry leaders like Cathie Wood are optimistic about the approval of Bitcoin ETF, which has been a decade in the making. The SEC’s detailed and technical examination of these ETFs suggests they are nearing a decision point. The…
A team of Vietnamese scientists including Trinh Hoang Trieu, Luong Minh Thang and Le Viet Quoc developed an AI mathematical model called AlphaGeometry. The model not only matches but surpasses the problem-solving abilities of human bronze medalists at the International Mathematical Olympiad (IMO). The groundbreaking performance of AlphaGeometry AlphaGeometry has proven its remarkable ability by solving 25 out of 30 geometry problems presented to the IMO between 2000 and 2022. This performance is especially significant when compared to the famous geometric theorem provers of the 1970s, who solved only 10 problems and even exceeded the average achievement. It is an…
Crypto analytics firm Santiment reports that three of the largest cryptocurrency networks by market capitalization are currently monetizing more than 80% of existing supply. The Total Profit Supply indicator measures the percentage of coins that are currently making a profit compared to the last time they moved, and is sometimes correlated with price trends. According to Santiment, Bitcoin (BTC), Ethereum (ETH), and . region. st tly Called The asset last reached this level in March 2022. “Bitcoin (83%), Ethereum (84%), and “I’m doing it.” Source: Santiment/X Santiment said cryptocurrency prices could still rise due to positive developments in the industry,…
Binance, the world’s leading digital asset exchange, has shown resilience and growth following its recent settlement with US regulators. This settlement, which addresses allegations of money laundering and sanctions evasion, was a significant moment for Binance. Since the agreement was reached on November 21, Binance has seen a surge in net inflows amounting to approximately $4.6 billion. This data, revealed in a post on X by Satoshi Club, shows the platform’s resilience despite these challenges. 📊 Despite recent legal issues and leadership changes, @Binance It recorded net inflows of $4.6 billion following an agreement with U.S. agencies in November. In…
Posted 1 minute ago In ~ The Securities and Exchange Commission has requested public comment on Nasdaq’s proposal to allow options trading on BlackRock’s spot Bitcoin ETF. The comment period will last 21 days. filing Posted on Friday. “The Exchange proposes to amend Option 4, Section 3, Underlying Securities Standards to allow the Exchange to list and trade options on the iShares Bitcoin Trust (the ‘Trust’) as a unit eligible for options trading on the Exchange.” Submission is stated. James Seyffart, Bloomberg Intelligence ETF research analyst, said the SEC is moving faster than usual on the proposal. “The SEC has…
The cryptocurrency industry recently reached a major milestone as the U.S. Securities and Exchange Commission (SEC) approved a spot Bitcoin exchange-traded fund (ETF), ushering in a new era in cryptocurrency investing. This development, expected to take over a decade, marks an important step in legitimizing cryptocurrency investments and bridging the gap between the traditional financial system and the burgeoning digital asset market. A new investment path Spot Bitcoin ETFs, unlike futures-based ETFs, hold actual Bitcoin, giving investors more direct exposure to the cryptocurrency. This is different from futures-based ETFs, which are based on contracts predicting future Bitcoin prices. BlackRock, ARK…
Ethereum is gearing up for a breakthrough year in 2024, according to market analysts. The native token of the market-leading Ethereum smart contract blockchain is poised to ride technical and regulatory catalysts to outpace Bitcoin’s gains this year. TLDR Ether could launch in 2024 as the spot ETF narrative builds and major Ethereum upgrades like Dencun reduce fees. Ethereum remains the dominant platform for DeFi, NFTs, and smart contracts compared to its competitors. The upcoming Dencun upgrade aims to improve scalability and significantly reduce network congestion and fees. Institutions predict that ETH will outperform BTC in 2024, given Ethereum’s strength…
Online gaming has been growing in popularity in recent years, with millions of players around the world engaging in a variety of virtual worlds, battle arenas, and role-playing games. With the advent of blockchain technology, a new player has emerged in the online gaming industry: GameLeagueCoin. GameLeagueCoin is a cryptocurrency designed specifically for the gaming industry. We aim to revolutionize online gaming by providing a decentralized and secure platform for in-game transactions, asset ownership, and player-to-player interaction. With its unique features and potential benefits, GameLeagueCoin has the potential to reshape the online gaming landscape and become the currency of choice…