The U.S. Personal Consumption Expenditures (PCE) index, the U.S. Federal Reserve’s preferred inflation indicator, rose by an average of 2.9% per year and 0.2% per month in December last year. The so-called core PCE increased 0.1% monthly but declined 3.2% year-to-date, making it an interesting year for Bitcoin. As the US trading day began, stock futures fell slightly, while cryptocurrency and Bitcoin remained mostly flat. Prior to the US inflation news, Bitcoin was trading at $41,122.08 and fell slightly before recovering to $41,831.43 as of press time. Why US Inflation Matters for Bitcoin PCE is still above the 2% target…
Author: Crypto Flexs
Read More
Ethereum options trading volume hit an all-time high in January. The coin showed a decrease in open interest in the futures market. Ethereum (ETH) options trading volume has surged to an all-time high, hitting $17.9 billion so far this month, according to The Block Data. dashboard. This is a 2% increase over the $17.7 billion trading volume recorded in the coin options market in December. Source: The Block An evaluation of the coin’s put-call ratio found that a significant number of the 932,000 Ethereum options contracts expiring on January 26 were bets on price increases. In a recent post by…
January 25th Bitfinex Pay – Release V0.6 that much Bitfinex Pay Merchant Dashboard An internal tool designed to provide merchants with powerful reports and features to manage their merchant cryptocurrency gateway. We are excited to share the latest updates on Bitfinex Pay. For more information about Bitfinex Pay, please visit https://blog.bitfinex.com/category/bitfinex-pay/. Seller Dashboard characteristic POS (Point of Sale) function has been added. Merchants can now request to enable this feature to generate invoices from any device (desktop, laptop, mobile, tablet) in the new Bitfinex Pay POS web app, allowing merchants to accept payments in physical stores. This is a Pro…
As the world of cryptocurrency continues to evolve, new players are emerging and taking the market by storm. NyanCoin, a cat-themed cryptocurrency, has quickly become popular among cryptocurrency enthusiasts and cat lovers alike. NyanCoin has quickly made a name for itself in the highly competitive world of digital currencies through its unique brand and innovative technology. What is NyanCoin? Launched in 2014, NyanCoin is a peer-to-peer digital currency based on the popular internet meme of Nyan Cat. Cryptocurrencies use proof-of-work algorithms to secure the network and enable transactions. NyanCoin is designed to be fast, secure, and decentralized, making it an…
Ethereum (ETH) is witnessing a potential $1 billion selloff. This significant transaction has its roots in the actions of Chelsea, a bankrupt cryptocurrency lender. According to a report by on-chain analyst Lookonchain, Chelsea has begun transferring 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. This large distribution includes 297,454 ETH ($656.5 million) transferred to Coinbase Prime, 146,507 ETH to Paxos Treasury, and smaller amounts totaling 7,800 ETH ($17.2 million) transferred to FalconX and Coinbase respectively. Despite this transfer, Lookonchain revealed that Chelsea still holds 62,468 ETH, worth approximately $139 million. Celsius Transfer 459,561 $ETH($1.014 billion) was…
Posted 1 minute ago In ~ Ethereum options trading volume on major cryptocurrency derivatives exchanges hit an all-time high of $17.9 billion in January, with five days remaining, according to The Block’s data dashboard.depending on options data Around 932,000 on GreecesLive ETH +2.59% Options expired on several centralized derivatives exchanges on Friday. 3 a.m. ET. Bullish Put-Call Skew for Ethereum OptionsEther options open interest had AP.At expiration on Friday, the ut-call ratio is 0.31, according to GreeksLive. The data was consistent with data from The Block, which showed that the put-call ratio on Deribit’s Ethereum options fell to 0.3 before…
Givearn, known for its beginner-friendly cryptocurrency investment platform, is proud to unveil its latest feature, a ‘Learn’ section that is fully integrated into the app. It serves as a broad educational hub created to help those new to the cryptocurrency market understand the intricacies of the market. The introduction to the ‘Learning’ section highlights Givearn’s ongoing commitment to providing users with the knowledge and confidence they need to effectively participate in the ever-growing digital currency landscape. As cryptocurrencies emerge as a mainstream investment area, the need for reliable and easily accessible information has become critical. The ‘Learn’ feature within the…
I think it would be great to have a group with the goal of supporting Bitcoin as a currency. What’s the best way to organize it?
Cryptocurrency exchange HTX, previously known as Huobi, has unexpectedly disabled its proof-of-deposit feature. This observation was noted today by a prominent fintech analyst. Adam Cochran, Managing Partner at Cinneamhain Ventures. These developments are consistent with the problems faced by TrueUSD (TUSD), a stablecoin reportedly linked to HTX stakeholder Justin Sun, which has been struggling to maintain its intended $1 value for more than two weeks. Cochran also noted that HTX’s ETH holdings are only worth $120 million, according to real-time data from DefiLlama, but a recent audit reported that they are worth nearly $300 million. 2/8Real-time reporting on DefiLlama shows…
Contract deployment Genesis deposits Bootstrap consensus tl;dr v1.0 specification Released🚀 v1.0 specification released today we v1.0 released eth2 specification including mainnet deposit contract address – 0x00000000219ab540356cBB839Cbe05303d7705Fa. eth2 is MIN_GENESIS_TIME ~ Of 1606824000 (Or for those of you who don’t care about Unix time — 12:00 PM UTC on December 1, 2020). At this time, in order to activate Genesis, at least 16384 32-ETH validator deposit 7 days Before December 1st. Otherwise, Genesis will be activated. 7 days After this threshold is met (if applicable). For more information about how Genesis gets started, see Ben Edgington’s article. Genesis records. As an…