A prominent cryptocurrency analyst for predict The “altcoin bull market” is imminent. These predictions are rooted in observing notable patterns in altcoin market cap charts. Accumulation pattern suggests entering a bull market According to cryptocurrency analyst Mags on For context, the Wyckoff accumulation pattern, named after Richard D. Wyckoff, a pioneering trader in the early 20th century, is used to identify market bottom phases when institutional investors accumulate assets before the start of a new upward trend. The Wyckoff Accumulation pattern typically unfolds in five stages (A), designed to highlight how professional attention prepares assets to move into the significant…
Author: Crypto Flexs
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“Victims of these crimes are subjected to forced labor, slavery, involuntary servitude, peonage activities, or are forced to engage in commercial sexual activity,” the report said. And cryptocurrency usage increased rapidly from 336 in 2020 to 1,975 in 2021.
In today’s fast-moving digital finance sphere, airdrop schemes have emerged as a key strategy for companies involved in cryptocurrencies, blockchain technology, and non-fungible tokens (NFTs). These organizations implement airdrop campaigns to efficiently distribute tokens or digital assets directly to the digital wallets of both current and potential users. The logic of these airdrop campaigns is complex as it covers aspects such as marketing, community development, incentive systems, and strengthening network security. The purpose of this discussion is to uncover the strategic underpinnings of the Airdrop Initiative and highlight its role as an intentional strategy by forward-thinking market participants, rather than…
Ripple acquires Standard Custody & Trust Co. to strengthen its US presence and compliance. This acquisition allows Ripple to expand its service offerings, including asset tokenization and storage solutions. This move comes amid reports that Ripple and the U.S. SEC have reached an agreement. Ripple announced the acquisition of Standard Custody & Trust Co., a wholly-owned subsidiary of PolySign, marking its second recent acquisition of a custody business. With a focus on compliance and expanding service offerings, Ripple’s acquisition aims to pave the way for broader financial capabilities in the country. Ripple enters the US market Ripple, known for its…
Posted 1 minute ago In ~ Decentralized finance company Sushi plans to launch a decentralized derivatives platform called Susa on Layer N, Ethereum Layer 2, which attempts to replicate certain aspects of centralization for decentralized platforms.According to the statement, Susa builders will be able to create custom applications on top of the exchange, from smart contract applications to full-scale rollups. It uses Layer N’s Nord Engine to enable thousands of transactions in less than a millisecond, with the ultimate goal of competing with centralized exchanges in performance. “Sushi is excited to partner with Layer N by combining our expertise to…
introductionOver the past 15 years, cryptocurrencies have transformed from a niche digital curiosity into a mainstream financial force, captivating investors and tech enthusiasts alike. At the forefront of this digital revolution is the one and only Bitcoin (BTC)!Bitcoin has not only captured the imagination since its inception, but has also captured significant market value, becoming a barometer of the health and trends of the cryptocurrency industry.As we navigate the unpredictable waters of cryptocurrency, many people want to predict Bitcoin’s trajectory. Bitcoin (BTC) price history What will the price of Bitcoin (BTC) be in 10 years? Accurate predictions can be difficult…
The Biden Administration has intensified oversight on the U.S. bitcoin mining sector through an Energy Information Agency (EIA) emergency survey, portraying electricity usage by miners as a significant threat to national grid stability. This move, which demands detailed disclosures from miners, mirrors actions in Venezuela that led to mining confiscations, signaling a concerning trend towards a full registry of mining activities. The article advocates for the bitcoin mining community to unite against this overreach, emphasizing the positive impact miners have on grid stability through demand response programs. It critiques the EIA’s legal and procedural justifications, highlighting potential legal challenges and…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Chainlink (LINK) and Ethereum (ETH) are solid. LINK is already up 48% as ETH gains attention. Kelexo (KLXO), a new platform aimed at simplifying finance, has attracted more than 5,000 registrations. Chainlink Whale Accumulation LINK is up 48% since January 25th, surpassing Dogecoin (DOGE) and moving up the market capitalization rankings. Recent data from on-chain activity shows that whales have purchased $83.6 million worth of LINK over the past five days. Moreover, more LINK continues to move across exchanges.…
The rise of decentralized finance (DeFi) in Asia is a clear indicator of the region’s growing influence in the global financial landscape. According to recent data, DeFi accounted for 55.8% of Central Asia Offshore (CSAO) trading volume from July 2022 to June 2022, a significant increase from 35.3% the previous year. This jump of over 20% reflects the rapid adoption and expansion of DeFi in the region. Moreover, considering purchasing power, CSAO is also ‘dominant’. This is evidenced by the fact that six of the top ten countries by DeFi trading volume are located in the Asia Pacific region. These…
Franklin Templeton, a Wall Street magnate and asset manager, applied. Ethereum Spot Exchange-Traded Fund (ETF) after struggling to gain approval for the Bitcoin Spot ETF in early January. Asset Manager File for Spot Ethereum ETF Asset managers have been drawn to the Ethereum spot ETF since the U.S. Securities and Exchange Commission (SEC) approved a spot Bitcoin ETF. Franklin Templeton This is the latest manager to apply to the SEC to seek approval for this financial product. The asset manager’s move comes after the successful introduction of a BTC spot ETF. This is a notable step towards making more cryptocurrency…