In the dynamic world of cryptocurrency, industry leaders are optimistic about the start of a new bullish phase, with growing expectations that Bitcoin will surpass $100,000 and reach an all-time high in 2024. Bitcoin has experienced an incredible rise of over 120% this year alone, leading many enthusiasts to believe that this upward momentum will continue next year. Last week, the price of Bitcoin closed at around $37,450. Markets have experienced significant volatility this week following the US Department of Justice’s settlement with Binance, the world’s largest cryptocurrency exchange. The announcement of the agreement and the resignation of Binance’s CEO…
Author: Crypto Flexs
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Citing rising futures premiums, one observer said the ‘basis trading’ prominent in the 2020/2021 bull market is hinting at a resurgence.
osmosis Osmo + UX Chain (formerly), Cosmos’ largest decentralized exchange and lending protocol Umee) proposed a merger, heralding a large-scale integration of the Cosmos ecosystem. If approved, the merger could integrate the lending logic and algorithms of Osmosis’ DEX and UX chains and create a comprehensive DeFi hub. The proposal, a joint effort by contributors from Osmosis and UX Chain, details the strategic plan for the proposed merger. This process unfolds in stages, starting with integrating UX Chain’s codebase into Osmosis Chain. This integration aims to integrate the functionality of both platforms. Expected outcomes of this initial phase include blending…
eTukTuk has become one of the most preferred eco-friendly modes of transportation in Asian countries. Since TukTuk is a widely used vehicle in Asia, incorporating blockchain technology has received great response among cryptocurrency enthusiasts. This article provides a detailed explanation of why eTukTuk is considered a great opportunity to invest in and what makes eTukTuk different from other companies. What makes eTukTuk stand out? For traditional modes of transportation, including gasoline, diesel and petrol vehicles, the pollution caused by fuel is undeniable. It causes problems for both humans and the environment. The amount of CO2 emitted from these vehicles directly…
The price of Bitcoin (BTC) “logically” should undergo a correction once a spot Bitcoin exchange-traded fund (ETF) is approved, but commentators acknowledge that the cryptocurrency is also a “wild card.”Bitcoin surged in March amid banking uncertainty, surged again in June when BlackRock applied for a spot Bitcoin ETF, and surged again in October due to optimism about the approval of a spot Bitcoin ETF. etc. has been gaining momentum over the past 11 months.On December 3, Bitcoin surpassed $40,000, its highest level in 19 months. News Event SalesJames Edwards, a cryptocurrency analyst at Finder, said that “logically” the approval of…
A report from JPMorgan analysts pointed to a tentative recovery in DeFi and NFTs. But analysts warn against premature optimism. According to their report, there has been a notable increase in NFT sales and an increase in total value locked in DeFi. JPMorgan analysts led by Nikolaos Panigirtzoglou have approached the recent rise in decentralized finance (DeFi) and non-fungible tokens (NFTs) cautiously. Their report highlights the tentative recovery in these sectors and suggests potential optimism. However, analysts emphasized the need for a cautious outlook, citing subtle factors influencing market changes. DeFi and NFT Recovery Signals In a recent report, JPMorgan…
Gold prices hit a new all-time high in the Asian session on Monday, December 4, surpassing a respectable $2,100 level. Meanwhile, Bitcoin (BTC) also surged above $41,000 for the first time in 19 months. BTC/USD (blue) vs. Gold price (orange) Source: TradingviewBitcoin price surpassed $40,000 and $41,000. Bitcoin triumphed at the $40,000 threshold, a figure not seen since the April 2022 high. This included a sharp 2% jump in 24 hours, hitting a 19-month high for the cryptocurrency. Strong Tailwinds for Bitcoin:✅ New ATH for Gold✅ Abolish central banks✅ Worst bond collapse in 250 years✅ BTC ETF plummets(?)✅ Real estate…
Recently, a YouTube cryptocurrency influencer took to Twitter to reveal how a cryptocurrency exchange called Gate.io is holding over $200,000 in funds, and we think it’s important for everyone to see and know. Cryptocurrency influencers play an essential role in the growth of the cryptocurrency industry. We’ve heard horror stories about how influencers dump shitcoins on their followers. This time it’s a different story. Before I summarize MMCrypto’s story and implications, please watch the entire video (under 5 minutes) to get the full picture. What’s going on between MMCrypto and Gate.io? Below is MMCrypto’s message from his Twitter account: @gate_io…
The widely respected cryptocurrency strategist believes there are signs of a rebound for layer-one blockchain Tron (TRX) and decentralized finance (DeFi) lending protocol AAVE (AAVE). TRX ended November on a strong note after the cryptocurrency asset closed above its monthly resistance of $0.10, pseudonymous analyst Rekt Capital told his 373,000 followers on social media platform X. According to analysts, TRX could see a short-term pullback to turn previous resistance levels into support levels before moving towards an upside target. “Tron closed above the red for the month and could now potentially set the price up for a bearish retest. The…
November 14th Bitfinex Lists Celestia $TIA Token, Pioneering the Future of Modular Blockchain Innovation Post time: 13:17h From media materials by admin Bitfinex Lists Celestia $TIA Token, Pioneering the Future of Modular Blockchain Innovation Road Town, British Virgin Islands – November 14, 2023 – Bitfinex (https://www.bitfinex.com/), a cutting-edge digital token trading platform, is pleased to announce the listing of Celestia, the $TIA token. Celestia is a modular blockchain that aims to improve blockchain design by prioritizing specialization and optimization for improved scalability, flexibility, and interoperability. A data availability approach is needed to ensure delivery of a transparent transaction ledger and…