Written by Matteo Greco, Research Analyst at Fineqia International, a listed digital asset and fintech investment firm. (CSE:FNQ). Bitcoin (BTC) closed last week at about $25,850, down 0.5% from the previous week’s closing price of $26,000. The market continues to follow the trend of low volume and volatility observed this third quarter. Over the past 11 weeks, the BTC price has fluctuated less than 0.75% for 8 weeks. Looking at BTC’s annual volatility on a 30-day basis, we see low volatility. This remains at an all-time low despite strong fluctuations observed during the second week of August, when BTC prices…
Author: Crypto Flexs
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Online banking and financial services company SoFi Technologies (SOFI) has announced that it will be exiting the cryptocurrency space in the coming weeks. The decision, which follows an increasingly regulated industry, was announced to cryptocurrency customers on Wednesday. With net revenue of more than $537 million, according to its third-quarter financial report, SoFi was by far one of the largest companies operating digital assets such as cryptocurrencies. SoFi held more than $139 million in cryptocurrency assets as of September 30 of this year, according to public documents. If the customer chooses not to liquidate, their cryptocurrency holdings and account will…
In today’s fast-paced digital age, trading platforms have become essential tools for investors at all levels. Whether you are a seasoned trader or just starting to dip your toes into the financial markets, understanding how trading platforms work and their importance can be a game-changer. This comprehensive guide will walk you through everything you need to know about the trading platform, from the basics to advanced strategies, ensuring you can make informed decisions on your investment journey.Trading Platform: Your Gateway to Financial MarketsThe heart of investment, trading platformInvesting in the financial markets begins with choosing the right trading platform. A…
OneCoin’s Ponzi founder learns his fate. Coinbase, Telegram, and MetaMask have all introduced new features that will return Bitcoin miners $500,000 in transaction fees. This week we bring you these stories and more in cryptocurrency. $4 billion Ponzi founder sentenced to 20 years in prison Karl Sebastian Greenwood, co-founder of the $4 billion OneCoin Ponzi scheme, has been sentenced to 20 years in prison for his role in one of the largest cryptocurrency frauds. Greenwood pleaded guilty to creating fraudulent cryptocurrencies with business partner Ruja Ignatova, known as the ‘Crypto Queen’. The judge labeled OneCoin a ‘classic scam’, highlighting its…
Javier Milei secures more than 55% of votes in runoff presidential electionBitcoin-friendly candidate Javier Milei has won Argentina’s presidential runoff, securing more than 55% of the vote with nearly 99% of votes counted, according to a Bloomberg report. Millay’s opponent Sergio Massa has conceded the election, and Millais is scheduled to take office on December 10.Milei’s Central Bank Criticism and Bitcoin EmbraceMailay has called Argentina’s central bank a “fraud” and a tool for politicians to impose inflationary taxes on citizens. He sees Bitcoin as a move to return control of money to the private sector.Economic hardship and inflation crisisThe election…
summary: Hello, Ethereum community! We are pleased to announce that the fourth cohort application period for the Ethereum Protocol Fellowship (EPF) has officially opened! EPF is an initiative that aims to support the development of Ethereum’s core protocols by providing a path for aspiring protocol contributors to gain the experience they need to make meaningful contributions. This program is specifically tailored for developers and researchers with an undying passion for Ethereum, its community, and the possibilities of decentralized technology. In each cohort, we seek to assemble a diverse group of fellows who will work to advance Ethereum technology over the…
These asset movements have been noticed consistently since FTX filed for bankruptcy, leading many to speculate as to the basis for these moves. According to a recent tweet from Spot on Chain, cryptocurrency accounts linked to collapsed cryptocurrency exchange FTX and its sister trading firm Alameda Research executed over $10 million worth of token transfers across six currencies within 12 hours. The move includes some of the remaining digital assets still under the control of FTX’s bankruptcy administrators. The frequency and strategy of withdrawals has led many people to wonder why they occur. In the tweet, Spot on Chain received…
Those responsible for the $8.5 million hack of Platypus Finance, an Automated Market Maker (AMM) protocol, in February 2023. avalanche Avex -2.40% A French court cleared him of criminal charges, according to a report from . world. The defendants, identified by Le Monde as brothers Mohammed and Benamar M., are: be arrested Just a week after the hack occurred, information from cryptocurrency detectives ZachXBT and Binance helped lead French authorities to the brothers. According to Le Monde, French authorities have charged 22-year-old Mohamed with several charges related to the attack, while his older brother is accused of shoplifting. According to…
Whales have accumulated massive amounts of LINK, contributing to the rise of decentralized oracle service provider Chainlink, according to a report by analytics firm Santiment. Santiment says the top 200 Chainlink wallets have added $50 million worth of LINK over the past five weeks, helping the altcoin significantly outperform Bitcoin (BTC). “Chainlink is once again leading the way in the altcoin space, aided by the continued accumulation of top whales. The 200 largest wallets added over $50M worth of LINK in ~5 weeks. In 5 months, its market cap is +143% overall and +93% compared to Bitcoin. source: Mood/X As…
BitPay Bill Pay gives you the convenience of processing your monthly car loan payment in cryptocurrency using virtually any wallet and directly to your financial institution using the best cryptocurrencies available through the BitPay app or directly on our website.More than 100 million Americans struggle with car loan payments, often with a huge monthly financial burden. The BitPay app now allows you to pay for these car loans with Bitcoin or other cryptocurrencies, introducing a new level of convenience and efficiency. Discover the simplicity of paying off car debt with digital currency in our brief guide to BitPay Bill Pay.How…