Grayscale investors could face further downward pressure on the Bitcoin price next week. Bitcoin BTC -4.38% The Trust continues to make profits, according to JPMorgan.GBTC converted to a spot Bitcoin ETF last week and has already seen over $1.5 billion in outflows. Last week, JPMorgan estimated that GBTC outflows could amount to up to $3 billion as speculative investors are likely to profit.“If the previous $3 billion estimate was accurate and $1.5 billion has already exited, there could be an additional $1.5 billion left to exit the Bitcoin space through profit-taking on GBTC, which could lead to Bitcoin volatility in…
Author: Crypto Flexs
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AOFverse Secures $3 Million in Private Funding Round Led by Animoca Ventures – Chainwire housenewsroomAOFverse secures $3 million in private funding round led by Animoca Ventures We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the…
The discussion was about use cases, regulations, and jurisdictional differences. It’s general, but eloquently said. But at the end, as I was concluding, “Good, but nothing new,” an audience member asked the panel’s opinion on the “same activity, same risk, same regulation” regulatory approach.
Looking back to 2023, it is clear that the cryptocurrency industry is facing a variety of challenges and changes. One notable trend is the retreat of traditional financial services companies from the cryptocurrency space, commonly referred to as “tradfi.” This separation has raised questions about the long-term viability of cryptocurrencies as mainstream financial assets. Moreover, the expected partnerships between DeFi projects and traditional financial institutions did not materialize, indicating a disconnect between the two sectors. Members of the National Assembly also entered the fray, alternating between support and skepticism toward the industry. This regulatory uncertainty has created obstacles for cryptocurrency…
join us telegram A channel to stay up to date on breaking news coverage Beam’s price has surged 12% in the past 24 hours, trading at $0.0233 as of 4:45 AM EST, with trading volume surging 42% to $71 million. This is close to BEAM’s all-time high of $0.0265 on December 14th. One of the reasons for the price surge could be DappRadar’s current airdrop, which offers users free tokens to quickly join the thriving cryptocurrency community. Beam Price Prediction Once the BEAM token finally gained attention, its price suddenly began to surge, with the token increasing by 27% in…
In the ever-evolving world of cryptocurrency, where tokens and coins are born and lose value on a regular basis, deciding where to list your digital assets is of enormous importance. The right exchange can catapult your cryptocurrency to stardom and prosperity, while unwise choices can relegate it to the shadows. This article serves as a compass for navigating the complex landscape of cryptocurrency listings and provides you with the insights you need to make informed decisions about digital assets.Are you ready to list your cryptocurrency? Consider P2B Exchange, the leading platform for digital asset listings. With high liquidity, strong security,…
Data shows that the Bitcoin NVT Golden Cross indicator has recently fallen into undervalued territory, a sign that the price could be bullish. Bitcoin NVT Golden Cross Enters Bullish Zone An analyst in a CryptoQuant Quicktake post explained that the NVT Golden Cross has recently signaled upside potential. Network Value to Transactions (NVT) is an indicator that tracks the ratio between Bitcoin market capitalization and transaction volume. This indicator is often used to determine whether the current price is fair. A high value of NVT means that the value (market capitalization) of the cryptocurrency is high compared to the coin…
US lawmakers must act before the next crisis to develop standards to regulate cryptocurrencies, a US Treasury official warned on Thursday. Graham Steele, Treasury’s undersecretary for financial institutions, said that whenever a financial crisis occurs, new regulations are adopted, such as the Dodd Frank Act and the National Bank Act. In the case of cryptocurrencies, policymakers have the ability to take action before a crisis occurs, he said.“For crypto assets, policymakers have an opportunity to take action to adopt higher standards that support responsible innovation before a crisis occurs,” Steele said. “At the same time, it is important that any…
BNB price is struggling to break the $320 resistance zone. There may be a decline towards the $288 support area before the bulls target another advance. BNB price is struggling to break above the $320 resistance level. The price is currently trading near $310 and the 100 simple moving average (4-hours). A major bearish channel or bullish flag pattern has formed on the 4-hours chart of the BNB/USD pair with resistance near $316 (data source from Binance). A stay above the $288 and $282 support levels could allow the pair to continue rising. BNB price maintains support BNB price began…
FractalCoin is a new cryptocurrency that is gaining a lot of attention in the cryptocurrency world. It promises to revolutionize the way we think about and use digital currencies. But what exactly is FractalCoin and why is it being hailed as the next big thing in cryptocurrency? In this article, we will reveal the secrets of FractalCoin and explore why it could be the future of digital currency. What is Fractal Coin? FractalCoin is a decentralized digital currency based on fractal mathematics. It is designed to be a secure, scalable, and fast payment system that can be used for a…