The Bank of Russia said in its latest report that financial fraud involving cryptocurrency-related elements will increase in 2023. illegal activityIncluding financial pyramids, the number of confirmed cases increased by 15.5% compared to the previous year, reaching 5,735. Online fraud surges as cryptocurrency takes center stage that much report This highlights the growing trend of illegal participants in the financial market using cryptocurrency. By 2022, every second similar investment project involved a cryptocurrency, and by 2023, almost every financial pyramid and illegal broker offered investments in domestic tokens or accepted donations in cryptocurrencies, the bank claims. According to the report,…
Author: Crypto Flexs
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According to Anthony Pompliano, Wall Street is on its way to new all-time highs, acquiring Bitcoin at a rate 12.5 times greater than daily production. Anthony Pompliano recently highlighted Wall Street’s significant interest in Bitcoin (BTC) on CNBC’s Squawk Box, saying, “Wall Street loves Bitcoin. “They are buying 12.5 times more Bitcoin per day than the network can produce.” Pompliano’s comments highlight strong institutional demand for Bitcoin. This especially highlights that as the cryptocurrency approaches its halving in mid-April, the rate at which new Bitcoins are created will be cut in half, potentially strengthening the already tight supply-demand balance. Wall…
Digital Currency Group said in a letter to shareholders on Monday that the company recorded $210 million in revenue in the fourth quarter of last year. This is a 59% increase compared to the same period last year.The company, which owns Grayscale Investments, said high asset prices, particularly Bitcoin, were the main reason for the increase in profits. DCG also reported fourth-quarter EBITDA jumped to $99 million, compared to negative $7 million during the same period in 2022.“For fiscal year 2023, DCG’s consolidated revenue was $749 million and EBITDA was $275 million,” the company said in its letter to shareholders.…
“There is no news that could have a price correlation with Bitcoin other than the halving, which could provide returns in the medium to long term,” Ryan Lee, senior analyst at Bitget Research, wrote in a note to CoinDesk. “It is also important to consider psychological levels in the market, such as the BTC price from $50,000 to the previous ATH, which could lead to a larger price retracement,” he said.
Ethereum price rose more than 5% and headed towards $2,700. ETH is consolidating gains and could target a move towards $2,800 or $3,000. Ethereum is consolidating gains below the $2,700 resistance zone. The price is trading above $2,600 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a bullish flag pattern with resistance at $2,500. If it stays above the $2,630 support area, it could start a new rally. Ethereum price begins a new surge Ethereum price remained stable above the $2,420 resistance level. ETH outperformed Bitcoin by forming…
Bitcoin Dogs (0DOG) will launch its much-anticipated BRC-20 token presale on February 14, 2024. Bitcoin’s first ICO, 0DOG presale, will run for 30 days. This project provides a gaming and NFT ecosystem on the Bitcoin blockchain. Bitcoin Dogs will be the first pre-sale on the Bitcoin blockchain when the ICO launches on February 14, 2024. The project will bring a new NFT and gaming ecosystem to Bitcoin, and its native token, 0DOG, is currently one of the most popular token sales. Scheduled to launch at 11am GMT on Wednesday, Bitcoin Dogs is receiving a ton of interest from the cryptocurrency…
Cryptocurrencies have become a popular investment option for individuals looking to diversify their portfolios and participate in the digital economy. One opportunity that is gaining momentum is Ucoin, a promising cryptocurrency that offers a variety of benefits and investment opportunities for savvy investors. What is YuCoin? Ucoin is a decentralized peer-to-peer digital currency that runs on blockchain. It is designed to be a secure and efficient medium of exchange that can be used for trading, investing, and as a store of value. Ucoin is built on unique blockchain technology that guarantees transparency, security, and flexibility to users. Why Yukoin? Ucoin…
Solana is gaining bullish momentum above $110. SOL price is surging and the bulls could soon target a rise above the $120 level. SOL price started a new rise from the $95.00 support level against the US dollar. The price is currently trading above $105 and the 100 simple moving average (4-hours). On the 4-hours chart of the SOL/USD pair, there is a major bullish trendline forming around support at $109.20 (data source from Kraken). If it breaks the $115 and $118 resistance levels, the pair could continue to rise. Solana price begins a new rebound Solana price formed a…
Analog, a blockchain interoperability project building cross-chain communications infrastructure, has raised $16 million in seed and strategic funding rounds.Tribe Capital led the round, with participation from NGC Ventures, Wintermute, GSR, NEAR, Orange DAO, Mike Novogratz’s Samara Asset Group, Balaji Srinivasan and others, Analog said on Monday. Analog co-founder Victor Young told The Block that the company began raising funding in October and closed in December. Young said the funding was realized through a Simple Agreement for Future Tokens (SAFT), adding that the round brings Analog’s fully diluted valuation to $120 million.Young, a blockchain developer and investor, founded Analog in 2021…
Analog, a blockchain interoperability project building cross-chain communications infrastructure, has raised $16 million in seed and strategic funding rounds.Tribe Capital led the round, with participation from NGC Ventures, Wintermute, GSR, NEAR, Orange DAO, Mike Novogratz’s Samara Asset Group, Balaji Srinivasan and others, Analog said on Monday. Analog co-founder Victor Young told The Block that the company began raising funding in October and closed in December. Young said the funding was realized through a Simple Agreement for Future Tokens (SAFT), adding that the round brings Analog’s fully diluted valuation to $120 million.Young, a blockchain developer and investor, founded Analog in 2021…