Bitcoin recently surged past $42,000. Traded below $40,000 for a few days. This market recovery is believed to be the result of a variety of factors, including: Recent revelations about the U.S. economy. Macroeconomic factors contributing to the recent Bitcoin surge The personal income expenditure (PCE) price index is Key inflation indicatorsReleased on January 26th, reported It was probably lower than expected. This suggests that inflation in the United States is subsiding, and experts predict that the Federal Reserve will likely scale back its aggressive monetary policy. The Federal Reserve’s hawkish stance is known to be as follows: Negative impact…
Author: Crypto Flexs
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Cryptocurrency has become a hot topic in recent years with many new coins appearing. One coin that has captured the attention of investors and enthusiasts alike is PhoenixCoin. With its unique features and promising potential, PhoenixCoin is considered a game-changer in the world of digital currencies. What is Phoenix Coin? PhoenixCoin is a decentralized digital currency that aims to provide a secure, private and fast way to transfer value globally. The coin is built on unique blockchain technology that ensures transparency and immutability of transactions. PhoenixCoin’s focus on privacy and security makes it stand out from other cryptocurrencies on the…
Ripple (XRP) appears to be laying the groundwork for a future XRP exchange-traded fund (ETF). A recent job posting for Ripple’s Senior Manager of Business Development lists the key responsibilities as “driving cryptocurrency-related ETF initiatives with the insider trading team and relevant partners.” This has led some in the cryptocurrency community to wonder whether blockchain payment companies are adapting their strategies to the evolving cryptocurrency landscape. These developments have surfaced as Ripple navigates its way through a high-profile legal battle with the U.S. Securities and Exchange Commission (SEC), which many believe will eventually lead to clearer regulations for cryptocurrency ETFs…
Illustration by Mitchell Preffer for Decrypt.Bitcoin (BTC) I had a depressing week after that. Historical Approvals and Transactions It is one of several cryptocurrency exchange-traded funds (ETFs).Largest cryptocurrency by market capitalization fell hard next monday For Sale That’s according to digital asset fund manager Grayscale. The virtual coin fell below $40,000 ($38,678) on Tuesday but slowly recovered as the week went on. It is currently trading at $41,830 according to CoinGecko data. showA movement of less than 1% over 7 days. Before Grayscale’s Bitcoin ETF began trading, it operated like a closed-end fund, with investors unable to redeem their shares…
In the current volatile cryptocurrency market, which is largely driven by the dynamics of the Spot Bitcoin ETF, smart investors may see “buy the dip” opportunities. As highlighted in a CoinShares report, leading cryptocurrency Bitcoin (BTC) saw a significant increase in trading volume to $11.8 billion, along with significant outflows of $25 million. This situation represents a shift in the market, with an increasing preference for newly launched, cost-effective ETFs over existing, high-cost ETFs. The United States is emerging as a key player attracting significant cryptocurrency inflows, unlike the outflows observed in Canada and Europe. Amid these market fluctuations, outflows…
The dog-themed token reversed all the gains it made during the Musk-induced rally. DOGE’s social media mentions declined sharply following the event. The world’s largest memecoin, Dogecoin (DOGE), has fallen sharply since the actions of its most influential supporter, Elon Musk, sent its price up significantly a week ago. Recall that the “original memecoin” rose by more than 10% on January 21st as social platform History shows that Dogecoin consistently responds positively to payments-related developments from the Elon Musk-owned company. But as is history, as the hype died down, DOGE reverted. The dog-themed token has since plunged 11%, effectively reversing…
Today, BTC-only exchange Swan Bitcoin unveiled its new mining division, Swan Mining, which previously operated in stealth mode, according to a press release sent to Bitcoin Magazine. The department is now part of Swan Institutional and is focused on strengthening the security of the Bitcoin network while contributing to expanding energy production and stabilizing the power grid.Swan Mining, which began operations in the summer of 2023, has already made significant contributions to the Bitcoin network, providing 4.5 exahashes, according to the release. With plans to increase capacity to eight more exahashes, the unit has rapidly purchased and deployed mining equipment…
LBank Labs Takes Bold Step from Web3 Venture Capital: Announces Strategic Investment in Entangle – Chainwire housenewsroomLBank Labs Takes Bold Step from Web3 Venture Capital: Announces Strategic Investment in Entangle We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or…
SDF officials “deemed the bug to pose little risk given the phased rollout plan,” but after “compelling feedback” from the developer community, the foundation now plans to “disarm” its own validators, preventing a network upgrade vote. Jan. 30, according to the post.
OKX Exchange discontinues mining pool services due to business adjustments. New user registration will be suspended immediately. Existing users have until February 25th. Mining pool-related services are scheduled to be completely discontinued on February 26th. In a recent announcement, major cryptocurrency exchange OKX revealed its plans to shut down its mining pool and related services. Due to a business adjustment, this decision is set to affect users from January 26, 2024. The outage schedule presented by OKX represents a phased approach in which new user registrations will cease immediately and existing users will utilize the service until February 25, 2024,…