According to on-chain data platform Lookonchain, an unnamed cryptocurrency whale known for trading Ethereum (ETH) in the past in a timely manner. purchased Amid turbulent market conditions, an additional $5.53 million worth of ETH was secured on Binance. ETH Whales Buy More | Source: Lookonchain by X Ethereum Whale purchases increase According to a November 22 post by used You get ETH for about $1,971. As whales appear to be increasing their ETH purchases, Lookonchain speculates that the same traders are bracing for an upcoming ETH breakout above the stubborn $2,100 resistance level that could signal a new bull market.…
Author: Crypto Flexs
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If you’ve been wanting to have more than one Bybit account to test different trading strategies, you might be disappointed to learn that Bybit only offers one account per KYC user. Today, I will share with you a little-known feature called “Bybit Sub-Account Feature”, which is one of the useful features for individual traders, professional asset managers, and investors. This detailed guide outlines everything you need to know before creating your own sub-account on Bybit. What is a Bybit sub-account? Bybit, a popular cryptocurrency exchange (top 3 globally), offers the ability to have multiple sub-accounts under your main KYC Bybit…
Cryptocurrency Weekly Update #29November 15, 2023password trackingMark Collins & Demetrius TSEASregulation FATFThe Financial Action Task Force (FATF) is a global funding agency. Provides states with improved tools to freeze, seize, and confiscate more effectively. criminalA criminal is an individual or group of people who have been convicted. property: During the 4th General Assembly in Paris (25-27 October) Through national and international cooperation, we have agreed to major revisions to FATF recommendations that will provide countries with improved tools to more effectively freeze, seize and confiscate criminal property. The revised recommendations call for countries to have policies and operating systems that…
Former Binance CEO speaks out against Justice Department travel restrictionsChangpeng “CZ” Zhao challenged the U.S. Justice Department’s efforts to restrict his travel and emphasized his commitment to solving the case and attending his U.S. sentencing.Confirming Zhao’s intent and responsibilityZhao’s legal team challenges the notion that he is a flight risk, emphasizing proactive measures such as flying out of the UAE and agreeing to a $175 million release bond as evidence of his willingness to take responsibility and appear for sentencing.Ministry of Justice’s Concerns and Zhao’s CommitmentSource: CourtListenerThe U.S. Department of Justice has expressed concern that Zhao is a flight risk…
Pricing in NFT Marketplace blur blur -4.42% The native eponymous token has doubled over the past three days following a recent airdrop and Binance listing.According to The Block’s pricing page, the token has risen from $0.31 on November 21st to $0.63 currently. The token price also rose 150% compared to last month. Blur’s price rose after news of the airdrop and Binance listing. Image: The Block’s pricing page.Blur’s Season 2 rewards program, designed to incentivize usage, ended on November 21. This airdrop aimed to reward those who utilized the Blur Marketplace from May to November, with tokens allocated based on…
XRP price was the best performer in the cryptocurrency market recently amid relief from Ripple Labs and broader market sentiment. The altcoin is up nearly 10% over the past week, and its year-to-date price remains at 57.57%. XRP’s overall market capitalization rose 7.85% over the past day to $28.57 billion, ranking it the 5th largest asset class.Day After Binance Coin. Additionally, the total volume of digital assets traded increased by 137% during the same period. Mitigation against ripple XRP price has remained in the green for three days in a row and is currently above the bullish support zone of…
November 24th Tether and Bitfinex agreed to withdraw their opposition to the FOIL request. Posting time: 13:00h announcement by admin Tether and Bitfinex place a high value on transparency, a core principle of the cryptocurrency industry. Our commitment to transparency has been evident through past actions, such as Tether withdrawing its objection to a New York Freedom of Information Act (FOIL) request filed by Coindesk earlier this year. However, it is important to be clear that transparency does not mean wholesale disclosure of all documents. This approach is inconsistent with standard business practices. Despite the concerns raised regarding the nature…
Last week, Bitcoin (BTC) closed at around $37,000, up 5.9% from the previous week’s closing price of $35,000. This week saw strong price action as we witnessed BTC fluctuating with consecutive daily price increases from Monday to Friday. The highest trading price was observed on Thursday, reaching nearly $38,000. After this peak, prices fell slightly, stabilizing around $37,000 from Friday into the weekend. BTC dominance, which measures Bitcoin’s market capitalization relative to the overall digital asset market, has declined for the second week in a row to about 52.3%. This is a 0.7% decrease from the previous week, highlighting the…
Andreessen Horowitz (a16z) plans to raise $3.4 billion for its next seed and early stage fund. It is reported that fundraising activities are scheduled to begin later this year. According to Axios, Silicon Valley-based cryptocurrency-friendly venture capital firm Andreessen Horowitz (a16z) is targeting approximately $3.4 billion for its next early-stage and seed-stage fund. According to the report, a16z’s core fund will see a slight increase compared to previous efforts. New growth, cryptocurrency and bio vehicles Andreessen Horowitz is one of the VCs bullish on the AI space, where investment is growing significantly. However, as AI projects have found great success…
November 23, 2023, Decentralized Finance (DeFi) space is shaken This was accomplished through a carefully planned exploit against KyberSwap, a leading decentralized exchange (DEX). The exploit, which Doug Colkitt, founder of Ambient Exchange, called “the most complex and carefully designed” he had ever seen, resulted in losses of approximately $46 million. To understand the complexity of the exploit, you must first understand ‘concentrated liquidity’. This feature, commonly used in DEXs such as KyberSwap, Uniswapand Ambient allow liquidity providers to increase capital efficiency by allocating assets within specific price ranges. However, this mechanism also introduces unique vulnerabilities that were exploited in…