There will be a significant decline in cryptocurrency ATMs in 2023, with more than 5,700 devices being discontinued. This decline is a historic first since these machines were first deployed in October 2013. According to the latest data from Coin ATM Radar, the number of global cryptocurrency ATMs has decreased from a peak of 39,350 in December 2022 to around 33,620. % down from previous high. Bitcoin ATM installations increase | Source: coinatmradar.com The data also shows fluctuating trends in the deployment and retirement of these ATMs throughout the year. In January 2023, 1,523 ATMs were removed, in February 210…
Author: Crypto Flexs
Read More
One analyst explained that Ethereum could be set to see further upside based on on-chain data. Here are the levels that ETH can surpass: Ethereum does not face significant on-chain resistance going forward. new post At X, analyst Ali discussed what Ethereum’s support and resistance levels look like based on on-chain data. In on-chain analysis, the likelihood that any level can provide a significant level of support/resistance to the price depends on the number of investors who have acquired the coin. Below is a chart showing the amount of ETH purchased at some price ranges the asset has previously visited.…
Ethereum has announced its 2024 roadmap focused on improving scalability, security, and sustainability.Ethereum co-founder Vitalik Buterin announced his next plans. social media On December 31, we outlined some key plans for the development of the platform.Improved scalabilityIn 2022, Ethereum underwent a major change called ‘The Merge’, switching from Proof of Work (PoW) to Proof of Stake (PoS) consensus mechanism. This transition is expected to reduce the platform’s energy consumption and lay the foundation for future improvements.‘The Surge’, a key component of the Ethereum roadmap, aims to increase network scalability through data sharding. Ethereum seeks to solve one of the most…
Posted 1 minute ago In ~ Bitcoin surpassed $45,000 at one stage in Asia on Tuesday morning, amid investor expectations that a spot Bitcoin ETF will be approved in the United States.The largest cryptocurrency by market capitalization was trading at $44,965, up 5.8% over the past 24 hours, at 9:25 a.m. Hong Kong time, after surging as high as $45,083 at one stage in the morning, according to The Block. data.Price movements occur following announcements made by the U.S. Securities and Exchange Commission (SEC). According to reports Notification to 14 asset managers If the SEC approves the spot Bitcoin ETF…
The capacity of the Bitcoin Lightning Network to facilitate transactions continues to rise, approaching all-time highs. According to data from LookIntoBitcoin, a site that tracks Lightning Network statistics, the network can handle more than $210 million in transfers, or about 4,980 Bitcoin (BTC). Bitcoin lightning capacity chart. | Source: LookIntoBitcoin This is close to the all-time high of $223 million reported on December 6. Lightning hit its highest ever capacity in July, when approximately 5,400 BTC could be transferred over the network. This indicator has fallen slightly after reaching almost the same level last November. The Lightning Network’s capacity has…
A cryptocurrency strategist believes an altcoin that has been flying under the radar is primed for a big surge. Pseudonymous analyst The Crypto Dog tells his 755,600 followers on social media platform X that the underlying assets of decentralized exchange (DEX) GMX (GMX) are: formation A large bullish pattern appears on the weekly chart. According to cryptocurrency strategists, GMX could witness a rise of nearly 90% if it overcomes the immediate resistance at $56.26. “GMX is pictured head and shoulders above multiple months…Measurement rules provide a $106 target for GMX.” source: Cryptodoc/X As of this writing, GMX is trading at…
October 12th Bitfinex introduces commission-free trading for those responding to its P2P platform offering in Argentina, Colombia, and Venezuela. Posted at 19:33h From media materials by admin Road Town, British Virgin Islands – October 11, 2023 – Bitfinex (www.bitfinex.com/), the next-generation digital asset trading platform, today announced that it is pleased to announce that trading on the Bitfinex peer-to-peer (P2P) platform is now free for users who make purchases. Alternatively, you sell your order at the market price, also known as a reactive order. Recently made available to customers in Argentina, Colombia, and Venezuela, our P2P trading service now offers…
We have been supporting since 2019. UNICEF’s Crypto Fund Contributing repeatedly, we The same goes for our most recent donation.. Today I’d like to share the story of the journey we’ve been on together, recognize the achievements of our partnership, and talk more about what’s next. Why and How We Started in Previous blog postI explained how emerging economies represent a huge opportunity for Ethereum and talked about the importance of asking yourself: “Who benefits the most from Ethereum?” People living in emerging economies represent billions of the next generation of Ethereum users and developers. So the next question should…
2023 may be remembered for the sheer number of cryptocurrency bankruptcies, but the biggest one that FTX creditors are trying to recover from is Over $8 billion It could go on for years with so many people and companies fighting over what’s left.Alan R. Rosenberg, partner at Markowitz Ringel Trusty & Hartog, commented on the case: contaminated Last November, it would last longer than any other cryptocurrency bust: Celsius and BlockFi. That’s because FTX is litigating multiple clawback claims or avoidance actions to recover money paid in the weeks and months before its bankruptcy. “Given that some of these transfers…
Crypto analyst EGRAG crypto recently published an analysis of various scenarios for the price trajectory of XRP in the near future. Like most top cryptocurrencies, XRP has received many price predictions over the past few months as the overall cryptocurrency market has seen a steady increase in activity during the fourth quarter of 2023. However, predicting the future prospects of a cryptocurrency can be a very tricky endeavor, but this cryptocurrency analyst Known for his bullish stance on XRPWe’ve outlined a variety of trajectories for XRP over the coming months, some of which are more bullish than others. Fundamentals and…