Over the past decade, digital currencies have transformed from niche markets to global economic drivers. As cryptocurrencies gain mainstream acceptance, one project in particular is poised to revolutionize the way we think about the future of money: TorCoin. The Rise of Digital Currency Digital currency, commonly called cryptocurrency, is a type of currency that exists only in digital form. Unlike traditional currencies, digital currencies are decentralized and operate independently of central banks. The best-known example of a digital currency is Bitcoin, which was created in 2008 by an unknown person or entity using the name Satoshi Nakamoto. Since the creation…
Author: Crypto Flexs
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The price of CAKE has fallen more than 30% in the past month. This occurred despite increased trading volume on PancakeSwap. CAKE, the token that powers BNB Chain’s leading decentralized exchange (DEX) PancakeSwap, is said to have lost 32% of its value since peaking at $3.6 on December 29, 2023. CoinMarketCap. At press time, the token was trading at $2.45, its lowest price in a month. This price drop comes despite a recent surge in DEX trading volume. According to data from DipilamaPancakeSwap’s trading volume in January totaled $15 billion, the highest since May 2023. As of January 31, PancakeSwap’s…
The first annual Best of BitPay celebrates all innovative merchants that accept cryptocurrency payments. Vote for your favorite sellers from now until February 29, 2023. Customers can vote for one seller per category and are free to vote once per day. Vote for your favorite BitPay merchant Submit your vote Introducing the Best of BitPay AwardsThe Best of BitPay Awards are designed to recognize and celebrate forward-thinking merchants who are integrating cryptocurrency payments into their business operations. These innovators and pioneers are leading the way in cryptocurrency payments across every industry, from travel and fashion to automotive and jewelry. Vote…
Warsaw, Poland, January 30, 2024, Chainwire Flipster, the leading trading platform for altcoin liquidity and the fastest-growing cryptocurrency derivatives platform, has finally announced its Flipster Earn Pool campaign. The trading platform, which was first unveiled in December last year, has been slow to release some highly anticipated additional news. This launch was worth the wait, as the platform promised users the chance to earn up to 10,000 USDT per day* (when launched on February 1st) in USDT held in their Flipster account. A fair criticism of Flipster as a derivatives-first platform is that it lacks options for accessing funds between…
Comedian Larry David isn’t too happy about his decision to appear in a Super Bowl commercial for bankrupt cryptocurrency exchange FTX. “I asked my friends who were knowledgeable in this field if I should do this ad. Is there something wrong with me doing this?” said David. Associated Press Jan. 30 during the premiere of the final season of “Curb Your Enthusiasm,” in which he stars. David is also known for his work on the show Seinfeld. He said it was okay for his friends to do it, and added, “It’s getting absolutely better.”“That’s why I did such a stupid…
Your browser does not support the video tag. Today we are excited to celebrate a huge milestone. Ethereum.org Now Supported 30 languages! 🎉🎉🎉 Since we launched website translation program Seven months ago, we saw how distributed collaboration could have a profound impact on the ecosystem and benefit hundreds of thousands of community members around the world. Currently, 467 volunteers from 52 language groups help non-English speaking communities access ethereum.org in their native language. Thanks to these volunteers, 16% of ethereum.org’s total traffic now goes to the non-English version of the site. Over time, this number has increased significantly. Two months…
DZ Bank, Germany’s second-largest bank, is set to pilot cryptocurrency trading for cooperative banks. The initiative aims to meet the growing demand from customers seeking direct access to cryptocurrencies. DZ Bank’s move reflects a broader trend of traditional banks embracing digital assets amidst institutional adoption. Germany’s DZ Bank, the country’s second-largest financial institution serving about 700 partner lenders, has announced plans to launch a cryptocurrency trading pilot later this year. The goal of the pilot is to provide customers with direct access to a variety of cryptocurrencies, including Bitcoin, without financial advice. The plan is intended to meet the bank’s…
Bitcoin prices remained under pressure on February 1, hours after the U.S. Federal Reserve left interest rates steady on January 31. The decline of the world’s most valuable cryptocurrency is unexpected. Recent data suggests analysts expect central banks to significantly cut interest rates from multi-year highs, boosting Bitcoin. Bitcoin’s pain in the short term In a follow-up analysis following this decision, cryptocurrency analyst and economist Alex Krueger believes that while Bitcoin prices will fluctuate in the short term, they will recover in the long term once the Federal Reserve starts lowering interest rates. Related Reading: Bullish Golden Cross Forms on…
The much-anticipated Jupiter (JUP) airdrop took place on Wednesday (January 31). Jupiter, a decentralized exchange integration service built on the Solana blockchain, is attracting attention in the cryptocurrency industry, surpassing Uniswap in terms of trading volume. However, while the airdrop initially increased the value of JUP, controversy ensued. Tom Wan, a researcher at 21.co, the parent company of 21Shares, commented on the scale of the airdrop: Approximately 3.6 billion dollars. Shockingly, 54% of eligible wallets have not yet claimed their JUP, with approximately 378 million JUP unclaimed.” Wan provided insight into the distribution of JUP tokens, revealing that the majority…
Posted 2 minutes ago In ~ Cryptocurrency derivatives and bond trading platform OpenExchange (OPNX) will shut down this month. In a message sent to users shared The OPNX team said on social media platformThe company added that users must settle all positions before 8 AM (3 AM UTC) on February 7, after which the platform will automatically settle all outstanding positions. Users have until February 14 to withdraw funds and export historical data.The OPNX team said, “We are deeply grateful for the dedication and trust of each member of the OPNX community. As we close this chapter, we will move…