Author: Crypto Flexs

introduction:Once a niche industry, cryptocurrency has gone mainstream and is now a viable investment option for many people around the world. But did you know that simply buying and holding cryptocurrencies is not the only way to profit from them?Staking is essentially the process of participating in a Proof-of-Stake (PoS) blockchain network by storing cryptocurrency in a wallet to support network operations. In return, you are usually compensated in the form of additional cryptocurrency. Think of it as earning interest on your cryptocurrency holdings, or better yet, receiving dividends from your stock investments.However, like any other investment, cryptocurrency staking comes…

Posted 1 minute ago In ~ Binance said it would stop supporting BUSD on December 15 after stablecoin issuer Paxos was ordered to stop issuing the token earlier this year.The cryptocurrency exchange said in August that it planned to ‘gradually’ cease support for the BUSD stablecoin by February 2024. At the time, BUSD urged customers to switch to another stablecoin called FDUSD. According to Binance, users can still convert without any fees.”Paxos has stated that BUSD will remain backed by Paxos and can be redeemed through at least: February 2024,” Binance said in a blog post.In February of this year,…

IOTA continues its strategic expansion through the UAE’s first DLT Foundation. The IOTA Foundation will allocate $100 million to this initiative. After this news came out, IOTA price rose 50% at the time of writing. IOTA’s strategic expansion has reached another milestone with the registration of the first DLT Foundation in the United Arab Emirates (UAE). The IOTA Foundation first announced its plans last September, highlighting its registration with Abu Dhabi Global as a step to support IOTA’s expansion in the Middle East and North Africa (MENA) region. This news comes as the price of IOTA surges more than 50%,…

The post 🔴 Crazy ETH price prediction | The post Cryptocurrency of the Week – 99 Bitcoins appeared first on October 16, 2023. Crypto AI plugins and new hardware wallets hit the market, and Caroline Ellison takes a stand. 🔴Crazy ETH price prediction | Cryptocurrency News of the Week – October 16, 2023 Read more »

As follows FTX Bankruptcy Saga Moving on, advisors to the collapsed cryptocurrency exchange received court approval to sell digital trust assets from Grayscale and Bitwise. These assets are currently valued at approximately $873 million.FTX holds a total of more than 32 million shares divided among five Grayscale trust companies. Bitcoin Trust (GBTC), Ethereum Trust (ETHE); Ethereum Classic Trust (ETCG); Litecoin Trust (LTCN), Digital Large Cap Trust (GDLC), and Bitwise 10 Crypto Index Fund.The bankruptcy court filing allows FTX’s bankruptcy advisors to sell shares of the trust to recover funds to repay creditors, including exchange customers. As of the October 25…

Ethereum price recovered in the $1,985 region. ETH is showing positive signs and may rise further if it clears the $2,075 resistance level. Ethereum is recovering higher in the $1,985 area. The price is trading above $2,040 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a major bearish trendline with resistance near $2,040. Staying above the 100-hour simple moving average can provide bullish momentum. Ethereum Price Eyes Fresh Increase Ethereum price surged before the $2,000 support line before an uptrend took place. ETH traded as low as $1,986…

One cryptocurrency strategist believes that four altcoins, including Solana (SOL), Chainlink (LINK), and Avalanche (AVAX), are set to weaken. pseudonymous analyst Altcoin Sherpa told his 198,900 followers on social media platform According to the merchant he Expect The three coins could each fall to the 0.382 Fibonacci level, forming a strong base to set the stage for a rally in early 2024. “Many 0.382 Fibonacci levels + 200 exponential moving averages (4-hour charts) are appearing for some of the best coins: LINK, SOL, AVAX. This area + 0.50 Fibonacci level is the area I am paying attention to. Expect more…

TL;DRKeeping your crypto transactions private is important for your safety and confidentiality.Be very careful about who you share personal or financial information with.Your personally-identifying information (PII) is a target for thieves.”Know Your Customer” (KYC) information is collected by banks and many crypto-related service companies.Public blockchain ledgers can be analyzed for clues about who controls which addresses. HD wallets are recommended to generate a unique wallet address for each spend and receive transaction.Privacy-enhancing wallets, strategies, and coins exist, but require at least an intermediate level of knowledge. Bitcoin mixers offer an increasingly-popular way to gain privacy by combining together many users’…

Posted 1 minute ago In ~ A Delaware Bankruptcy Court said Wednesday that FTX Trading and its affiliated debtors can begin selling trust assets, including $744 million worth of shares in Grayscale and Bitwise funds.Judge John Dorsey in early November approved applications from six cryptocurrency funds, including Grayscale, seeking permission to begin selling units. bitcoin BTC + Trust, Grayscale Ethereum Trust, Bitwise 10 Crypto Index Fund, Grayscale Ethereum Classic Trust, Grayscale Litecoin Trust and Grayscale Digital Large Cap Trust. Grayscale’s flagship Bitcoin fund, GBTC, accounts for the largest portion of assets, holding approximately 22.3 million units worth $597 million. Grayscale’s…

In a recent conversation with KuCoin Managing Director Alicia Kao, BeInCrypto looked into market fluctuations, regulatory changes, and the exchange’s standout strategies. Navigating the complexities of market fluctuations Despite the uncertainty, the cryptocurrency space continues to gain traction with users strategically choosing the right moments to get involved. According to Alicia, the focus should be on providing a variety of educational content and services to empower users across multiple platforms and promote broader understanding of the market. “This so-called “bear market” has held people back much less than we think. Many of them are waiting for the right moment to…