Comparing Bitcoin’s market capitalization to that of publicly traded companies often made me cringe in frustration. Attempting to compare the world’s first successful digital native currency to a single industry, let alone a single company, is narrow-minded. But as I continued to surrender to the process of meeting people who were on their Bitcoin journey, I realized I could use this comparison to explain Bitcoin’s strengths in a different way. Rather than attempting to conceptually elevate Bitcoin to the level of a global currency, we propose conceptually bringing the global currency down to the level of a public company. This…
Author: Crypto Flexs
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Ripple’s XRP cryptocurrency is headed for a significant price surge, potentially reaching $1 as whale accumulation hits its highest level this year, according to on-chain analysis. The surge pushed XRP to a three-month high and surpassed Binance Coin to become the fourth-largest market capitalization amid a broader cryptocurrency market rally. XRP dominates the cryptocurrency market with its outstanding 24-hour performance. In a notable rally, XRP rose 8.5% to $0.67, outperforming major cryptocurrencies Bitcoin and Ethereum over the past day. This significant price movement was accompanied by a dramatic increase in trading volume, jumping from $1 billion to $2.7 billion.…
Ethereum (ETH) price briefly retested $1,930 on November 21, before rising slightly on November 23 and maintaining support above the $2,000 level. Over the past week, the price of Ethereum has risen 2.5%, while the overall market capitalization has risen 0.5%. This upward trend can be attributed to improved decentralized application (DApp) metrics, increased protocol fees, and Ethereum’s dominance in the non-fungible token (NFT) market.To assess whether Ethereum can sustain the $2,000 price range, we need to consider the impact of Binance’s recent regulatory issues following its appeal negotiations with the U.S. Department of Justice (DoJ).As Ethereum network conditions improve,…
To conduct cryptocurrency activities legally: Cryptocurrency License, available in many countries around the world. However, each state has its own requirements. Some regions have a more loyal attitude towards virtual currencies, while others have stricter requirements. Let’s take a look at the most favorable jurisdictions for licensing.introductionCryptocurrency business is trending among investors. Therefore, many people are looking to invest capital to open a cryptocurrency company. Each country has some requirements for this. But it all starts with company registration. After registering and opening a bank account, you can begin the licensing process. This may take anywhere from 2-3 weeks to…
Cardano price has been strong in recent weeks, jumping to its highest level since July and surpassing the important $0.3000 level. At the time of writing, the price of ADA was trading at $0.3200. In particular, altcoins recorded a rise of 9.82% over the past week and are up more than 20% so far this month. The total market capitalization of its assets rose about 2% over the past day to $11 billion, ranking it 8th.Day After Solana. ADA rally Cardano price has recorded significant gains over the past few weeks, driven by surprising on-chain data and broad market bullish…
Bankrupt cryptocurrency exchange FTX suddenly moved $36 million worth of altcoins to major exchanges, according to on-chain data. According to on-chain analytics firm Lookonchain, FTX transferred Huge amounts of Polygon (MATIC) and Avalanche (AVAX) are supplied to top cryptocurrency exchanges Coinbase and Binance. “In the last 24 hours, FTX transferred a total of $36 million in assets to the exchange. Deposited 12.6 million MATIC ($9.4 million) at Coinbase. Deposited 10 million MATIC ($7.45 million) to Binance via FalconX. Deposited 975,859 AVAX ($19.25 million) to Binance via FalconX.” Polygon is trading at $0.78 at the time of this writing, up 5%…
Market Outlook #246 (20th November 2023) Hello, and welcome to the 246th instalment of my Market Outlook. In this week’s post, I will be covering Bitcoin, Ethereum, Polygon, Avalanche, Uniswap, Beam, Sushi and LayerAI. Most of these have been reader requests this week – as ever, send those across to me for next week’s inclusion if there’s something specific you want looking at. Bitcoin: Weekly: Daily: Price: $37.263 Market Cap: $728.411bn Thoughts: If we begin by looking at BTC/USD, on the weekly timeframe we can see that price closed last week at marginal new yearly highs, having wicked lower towards the…
A recent analysis by a decentralized finance (DeFi) industry expert found that KyberSwap hackers exploited a complex “infinite funds glitch” to siphon $46 million from the protocol. In other news, the 2022 FTX collapse and Binance’s recent $4.3 billion settlement with the U.S. government have strengthened its case against the provisions of the European Union’s Markets for Crypto Assets (MiCA) regulation, a European Commission official said in an interview. It was revealed. Meanwhile, U.S. prosecutors are not happy about former Binance CEO Changpeng “CZ” Zhao leaving the country and have asked a judge to block him.KyberSwap hackers used the “infinite…
Traders have been buying shares of Grayscale since the beginning of the year. bitcoin BTC + The trust, which has been trading at a discount to the underlying value of the Bitcoin it holds, will likely hope to pocket the difference once it is converted to a spot Bitcoin ETF.This means that a significant portion of GBTC traders will be looking to cash out upon conversion to the ETF. With this in mind, analysts at JPMorgan looked at GBTC inflows beyond 2023 to calculate the value of shares that could be sold upon conversion. They estimate this figure to be…
How to Start a Simple Funnel and Make $11,000 As you may have seen in my previous articles, I love to tell you stories and travel. In this highly sponsored article I will take you on a journey…if you don’t have time to read the story >> Click here to watch Eran’s video training – FREE Just a few weeks ago, I stumbled across a virtual treasure trove that promised to unlock the secrets to online success. One sunny afternoon I discovered an interesting online training called “How to Earn $11,000 in 7 Days Using Free Marketing Tools with the…