Hong Kong, a financial powerhouse that turned cryptocurrency-friendly last year, could become one of the first Asian leaders to allow physical Bitcoin exchange-traded funds (ETFs). If the US approves such an ETFIndustry leaders think:Yat Siu, chairman of web3 investor Animoca Brands, told The Block that the Hong Kong Securities and Futures Commission’s encouraging stance on digital assets sets the stage for a potential spot Bitcoin ETF.“If you look at what the SFC said a month ago, it says they are open to expanding access to digital assets,” Siu said. “And frankly, I would say a Bitcoin spot ETF is relatively…
Author: Crypto Flexs
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FTM bulls broke the $0.47 resistance, indicating a move in the direction of $1. Exchange outflows outpaced inflows, suggesting a future rally for the token. Phantom (FTM)’s 23.83% gain over the past 7 days was able to break through the $0.47 resistance. At press time, the price of FTM was $0.50. But this may not be the short-term end for FTM. According to cryptocurrency analyst Ali Martinez, $0.47 resistance has now become a support zone for the cryptocurrency. Martinez noted in his post that this increase provides a clear path for FTM to reach $0.66 while acknowledging that the price…
October 30th Bitfinex Alpha | Institutions are back in Bitcoin, sideways trading expected Post time: 10:38h On Bitfinex Alpha Posted by Tammy Bitcoin’s recent trajectory has been nothing short of meteoric. The cryptocurrency surged past $35,000, a level not seen in 17 months. The rally triggered the liquidation of $275 million worth of shorts on October 23, the largest since January. Institutional involvement in Bitcoin is becoming increasingly evident. Bitcoin’s CME options trading volume is set to end October at an all-time high of over $2 billion. At the same time, options open interest, currently pegged at $1.15 billion, is…
The family investment firm of rock band Metallica has participated in the Series A funding round of Medallion, an artist-to-fan platform that aims to help artists build relationships with their fans. Black Squirrel Partners, a company founded in 2020 by Metallica’s band members, was one of several backers of the effort led by Dragonfly and Lightspeed Faction. Other investors include Coinbase Ventures, Infinite Capital, J17, The Chernin Group, Third Prime, and Zeal Capital. Medallion, a direct-to-consumer platform led by former Songkick CEO Matt Jones, is focused on strengthening the connection between artists and fans. According to Billboard, the startup has…
today, We published an EF reportWe hope this will help our community understand what the Ethereum Foundation is, our core principles, and our vision for Ethereum as an infinite garden. To read the full report, click hereAnd learn more about EF, its resource allocation process, 2021 support, and the non-financial ways the EF team is helping Ethereum continue to grow into everything we dream of.
Polkadot, a blockchain interoperability platform, is entering the world of gaming through strategic partnerships with Parity Technologies and Unity Games. This partnership will allow Polkadot to integrate with the game engines that power popular titles such as Pokémon Go and Call of Duty Mobile. Unity Games, a leading provider of software development kits (SDKs) for game developers, holds a significant 60% share of the mobile games market. The collaboration includes Polkadot’s participation in Unity’s Verified Solutions (VS) program, Unity’s internal path for decentralized networks like Polkadot to earn a coveted spot in the Unity Asset Store. Polkadot integrates with game…
In a year of incredible scalability for Solana (SOL), the recent news that Circle has launched EURC on the Solana blockchain hints at exciting possibilities for the Solana ecosystem. As meme cryptocurrencies like Dogecoin (DOGE) and, more recently, Bonk Coin (BONK) are creating millionaires, the upcoming meme coin Meme Moguls is generating interest. Analysts predict a potential 10X pump at launch, making it a top cryptocurrency investment contender in 2024. Meme Moguls creates a wealth-building ecosystem. With the market expected to skyrocket from $2.3 billion to $6.1 billion by 2025, Meme Moguls is creating not just a meme coin, but…
Recently, cryptocurrency exchange Coinbase Confront Suspicions raised by Senator Elizabeth Warren regarding the hiring of former government officials. Warren’s argument suggests that these hirings could hinder progress in digital asset regulation. Coinbase, represented by Chief Policy Officer Faryar Shirzad, has strongly denied these claims. In his response dated December 22, 2023, Shirzad emphasized that Coinbase is responsible and actively advocating for regulatory action within the cryptocurrency industry. Contrary to Warren’s claims, he argued that accusations of undermining bipartisan cryptocurrency legislation were baseless and misrepresented Coinbase’s intentions. Shirzad emphasized the exchange’s pride in its team of national security experts dedicated to…
Consolidation is important, but sometimes it can be nerve-wracking because you’re sending the full amount. If you accidentally send to the wrong address, this can be detrimental to everyone’s Bitcoin user experience. Do reputable Bitcoin wallets automate integrations to avoid these failures? I believe this will greatly improve the UX for the average end user.
Socrates, the new Web3 social media and entertainment platform, aims to transform the way we communicate and engage in digital environments by combining elements of GameFi and SocialFi across multiple blockchains.Socrates users earn rewards for participating in activities such as writing multiple-choice Q&As, voting, commenting on answers, and liking other people’s comments.Described as “a cultural engagement that encourages intellectual inquiry and values all voices,” the platform embraces freedom of speech and encourages users to share unique perspectives, engage in lively debate, and persuade others to accept their opinions. Compensate.It is a simple and easy-to-understand platform that does not require users…