Cryptocurrency Investor Ryan Sean Adams assert As of December 4, Ethereum (ETH)’s current value of around $2,200 is said to be almost “interesting” considering the intensified on-chain activity and blockchain’s role in that space. Venture Capitalist: Here’s Why Ethereum Is Vastly Undervalued Adams cited data such as the first smart contract platform generating billions of dollars in annual “gas” fees and turning into deflation after the merger in September 2021. million validators By staking, you can receive rewards of 5% or more. Moreover, the venture capitalist pointed to the possibility of the U.S. Securities and Exchange Commission (SEC) approving a…
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One prominent cryptocurrency analyst believes that Ethereum (ETH) rival Solana (SOL) could hit an all-time high within the next year. pseudonymous trader known as Inmortal stock A chart featuring 202,700 followers on social media platform Inmortal’s chart predicts that the sixth-largest cryptocurrency asset by market capitalization will jump to around $100 later this year and then realize most of its gains in the second half of 2024. Source: Immortal/X SOL is trading at $60.81 and is down more than 3% in the last 24 hours. According to CoinGecko, the Ethereum competitor’s all-time high of around $260 was hit in November…
Open interest in Bitcoin (BTC) futures on the global derivatives giant Chicago Mercantile Exchange (CME) has reached $5.2 billion, $200 million less than the all-time high reached in late October 2021.Open interest in CME’s Bitcoin futures increased from $3.63 billion to $5.2 billion over the past 30 days, according to Coinglass data. The surge in open interest paralleled Bitcoin’s 26% rise over the same period, with Bitcoin currently trading at just over $44,000.CME’s Bitcoin futures open interest reached $5.2 billion on December 6. Source: CoinglassFrom October 1 to 21, 2021, CME’s Bitcoin futures open interest jumped from $1.46 billion to…
Weekly Update #32December 5, 2023password trackingMark Collins & Demetrius TSEASregulation:Korea National Pension Fund invests $20 million in Coinbase stock: November 16th at the National Pension Service Korea’s National Pension Fund (NPF) is According to reports According to local media, nearly $20 million worth of Coinbase (COIN) stock was purchased in the third quarter. News 1. NPF said it is the world’s third-largest pension under management by 2023. $775 billion.New Zealand Dollar Fixed stablecoinStablecoins can also be privately issued cryptocurrencies or algorithms. Start live: New Zealand-based Easy Crypto launched on November 22nd NZDD Stablecoin, Issuer ECDD Company Ltd., linked one-to-one with…
Crypto.com’s Dubai entity grants VASP licenseCrypto.com’s Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Asset Service Provider (VASP) license by Dubai regulators and is awaiting approval to operate. The license allows the company to provide exchange, broker-dealer, lending and borrowing services to both retail and institutional investors.Regulatory cooperation in DubaiCrypto.com CEO Kris Marszalek expressed his expectation to work with Dubai regulators to contribute to the city’s cryptocurrency industry. He emphasized that Dubai is a leading market in designing effective regulations and emphasized the company’s commitment to operating within the regulatory framework.Dubai, a cryptocurrency-friendly destinationDubai has emerged…
Posted 1 minute ago In ~ Did we come early?This is a question that cryptocurrency market participants ponder during each cycle, as each cycle brings its own indicators of the end. The biggest sign for me personally was when I was in a barbershop in Los Angeles. A barber was explaining why he was moving all his coins from Coinbase to an exchange I had never heard of. In fact, in the general world, cryptocurrency buzz always seems like a good sign of a market bubble. Cryptocurrency seems great right now. As my friend Jim Greco said in a recent…
In a recent analysis titled “Limited Downside,” market experts at JPMorgan highlighted potentially positive developments in the cryptocurrency market following the recent correction phase. A prominent banking institution drawing insights from its comprehensive study of the CME Bitcoin futures contract suggests that the liquidation phase of long positions may have reached a conclusion. These observations lead them to be optimistic about the near-term cryptocurrency landscape and foresee only minor downside risks. Traders initially built these long positions in response to favorable developments in the cryptocurrency space. This included important factors such as the XRP legal ruling, positive expectations regarding the…
ARAX Holdings Corp., a renowned company in the field of digital asset management, announced on December 5 that it has acquired a portion of The Nemesis, an innovative open world metaverse platform.Ockert Loubser, COO of ARAX, said:“This acquisition is not just an investment. “This is our commitment to shaping the future of how we interact in the digital world.”ARAX said it had acquired a 20% stake in The Nemesis, adding that it also has an option to acquire an additional 11% stake in the company.As part of the deal, The Nemesis will deploy Core Blockchain, a platform from ARAX’s recently…
Ethereum price hit an 18-month high at press time. The recent price rise has made ETH price more volatile. Ethereum (ETH) price rose to its highest level in 18 months, sharing a statistically significant correlation with leading coin Bitcoin (BTC), which rose above $40,000. On December 4, BTC briefly traded above $42,000 for the first time since April 2022. These positive sentiments undoubtedly spread to the ETH market as the altcoin traded at $2,250 on the same day, a price level last recorded in May 2022. New highs, new problems In addition to the price rise, ETH’s open interest has…
We are excited to announce that Kraken now supports deposits and withdrawals. USD Coin (USDC) on optimism! funding USDC funding through Optimism is already underway. You can transfer USD Coin (USDC) to your Kraken account by going to: funding Select USDC. From here, use the drop-down box to select your preferred deposit method (network). optimism. Note: Kraken currently supports two versions of USDC: USDC.e and Optimism’s native USDC. Is USDC for Optimism? ⤵️ Here’s what you need to know about assets: USD Coin (USDC) It is a USD-based stablecoin backed by the US dollar. Transactions are faster and more cost-effective…