Bitcoin (BTC) finally broke through the formidable resistance of $38,000 last week and approached $40,000. These movements show that Bitcoin’s trajectory is still holding up. Bulls will try to maintain momentum and achieve a strong rally this year, while bears will try to push prices lower.A major tailwind for Bitcoin is the expectation that the U.S. Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund as early as January. Swan Bitcoin CEO Cory Klippsten told Bloomberg that the approval window for spot Bitcoin ETFs “looks like it’s narrowed to January 8th, 9th or 10th.”Daily view of cryptocurrency…
Author: Crypto Flexs
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AVAX and GMX have more than 60% and 40% of holders with profits, respectively. AVAX has increased its value by more than 100% in the past two months. AVAX and GMX tokens within the Avalanche ecosystem were seeing positive price trends at press time, but there was a stark contrast in the number of holders experiencing gains. AVAX is more profitable than GMX Depending on the IntoTheBlock According to data, at press time, over 66% of AVAX token holders were earning within the Avalanche ecosystem. AMBCrypto also discovered that AVAX’s circulating supply was over 365 million at press time, with…
hacking and theft Due to the anonymity of cryptocurrency transactions, there are some disadvantages that come with the broader advantages of the cryptocurrency industry. State-sponsored North Korean hackers have stolen nearly $3 billion worth of digital currency since 2017, and about 44% of stolen cryptocurrencies in 2022 will be traced to these hackers, according to a new report. Intelligence report reveals amount of cryptocurrency stolen by North Korean hackers. The cryptocurrency industry has begun Getting mainstream attention In 2017, investors flocked to the nascent industry. But the influx of money and adoption also seems to attract a lot of bad…
Crypto asset staking is a way to earn money by holding digital coins in a wallet account to support the functioning of the blockchain. Staking is considered a passive source of profits. Currently, there are several ways to make money through virtual asset staking. One is to establish nodes on the platform network that process transactions and act as validators. To begin these operations, you must manually configure network nodes to process transactions. Some systems may only begin working as validators after asking users to keep a certain amount of digital currency in their account. Another way is delegation. In…
The Starknet Foundation, the organization behind the Ethereum layer 2 network Starknet, addressed speculation about an upcoming airdrop. screenshot On social media.This screenshot, taken from a page that briefly appeared on the Starknet website, sparked widespread user speculation. They showed us a list of airdrop criteria and explained what types of cryptocurrency activities are suitable for airdrop addresses. However, the page appeared to be an early draft because some copies were missing and the project name was misspelled.Commenting on the incident, the Starknet Foundation said, “Technical teams build and test various front ends, some of which see the light of…
Adrienne Harris, Administrator of the New York Department of Financial Services (NYDFS), reiterated her firm commitment to regulating the virtual currency space in New York. NYDFS’ continued efforts to regulate cryptocurrency Under Harris’ leadership, NYDFS’ regulatory efforts in the cryptocurrency sector have played a pivotal role. The department she led implemented an innovative two-year plan to strengthen oversight of virtual currencies. This comprehensive effort includes creating updated guidance for cryptocurrency adoption or listing and establishing a framework for designating coins or tokens to the DFS Green List. Appointed superintendent in August 2021 and confirmed by the state Senate in 2022,…
Adrienne Harris, Administrator of the New York Department of Financial Services (NYDFS), reiterated her firm commitment to regulating the virtual currency space in New York. NYDFS’ continued efforts to regulate cryptocurrency Under Harris’ leadership, NYDFS’ regulatory efforts in the cryptocurrency sector have played a pivotal role. The department she led implemented an innovative two-year plan to strengthen oversight of virtual currencies. This comprehensive effort includes creating updated guidance for cryptocurrency adoption or listing and establishing a framework for designating coins or tokens to the DFS Green List. Appointed superintendent in August 2021 and confirmed by the state Senate in 2022,…
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Circle, the developer of USD Coin (USDC), is working with SBI Holdings, a Tokyo-based financial services company, to drive adoption of USDC and Web3 services in Japan.Circle announced on November 27 that it signed a memorandum of understanding (MOU) with SBI Holdings to support USDC’s strategic expansion into Japan.Circle and SBI Holdings collaborate $USDC Circulating and changing Japan’s financial environment. $USDC And Web3 service! This partnership marks a major leap forward and strategic expansion in digital asset innovation. $USDC In Asia. Learn more…— Circle (@circle) November 27, 2023 This comes as the Japanese government revised the Payment Services Act in…
Few events have garnered as much attention as the ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) – often referred to as “XRP lawsuit”. This legal battle, which has significant implications for the broader crypto market, has seen a series of twists and turns that have kept investors and industry observers on their toes. In this article, we delve into the details of the XRP lawsuit, provide the latest updates, and explore what the future might hold for XRP price. XRP Lawsuit Overview: What Are The SEC’s Claims? In December 2020, the US Securities and…