Second, I believe that Bitcoin ETFs will serve as a gateway to the promised land of self-management in cryptocurrencies, much like centralized exchanges have done in the past few years. A virtuous cycle could actually unfold, with millions of people gaining ETF exposure to Bitcoin, learning the benefits of digital ownership, and ultimately choosing true self-sovereignty. Interestingly, the approval of the first gold ETF since 2004 has not hindered private ownership of gold. Instead, it became popular.
Author: Crypto Flexs
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The Office of Foreign Assets Control (OFAC) has revoked Venezuelan-owned gold company Minerven’s license to commercialize gold in international markets. Minerven sanctions, which were relaxed last October, will be reapplied on February 13, and oil and gas sanctions are scheduled to resume in April. OFAC reduces Venezuelan gold operations in international markets The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has revoked the license that allowed Venezuela’s state-owned gold company, CVG Compania General de Mineria de Venezuela CA (Minerven), to engage in gold trading on international markets. The United States convened in October to lift sanctions on Minerven, agreeing…
Cryptocurrency analytics firm Santiment said one indicator suggests decentralized oracle network Chainlink (LINK) could have more upside potential. In a new thread on social media platform X, a market intelligence platform: Called Even if LINK wallets suddenly drop, Chainlink’s upward trend may continue. According to Santiment, a sudden drop in wallets is usually a sign of market capitulation due to fear, uncertainty, and doubt (FUD), which can indicate that higher prices may soon follow. “Chainlink jumped ahead of the altcoin pack after some previously dormant wallets generated the highest age spend spike (5.38 billion, calculated by multiplying the number of…
join us telegram A channel to stay up to date on breaking news coverage Honk’s price has plummeted 35% in the past 24 hours, trading at $0.004224 as of 5:59 AM ET, with trading volume down 19% to $5 million. The sudden price drop is a blow to those who thought HONK, the new Solana meme coin, could be the best performer over Bonk. The Honk community is confident it can bounce back and reach its previous all-time high market capitalization of $25 million. $honk look good. In 25 minutes. You are now sitting 5 meters in front. I’m still…
Downside pressure on Bitcoin and the broader cryptocurrency market is starting to dry up, which could lead to a more supportive trading environment, according to Coinbase analysts.Coinbase’s weekly market report released on Friday outlined how certain technical factors that were putting downward pressure on Bitcoin in particular and the broader cryptocurrency market have begun to weaken.“Many of the technical factors driving cryptocurrency performance downward are starting to dissipate, which could lead to a more supportive trading environment in the coming weeks,” Coinbase analysts said.According to the report, one significant development that has relieved much of the downward pressure is the…
The Solana-powered Jupiter airdrop has generated significant excitement, driving decentralized exchange (DEX) trading activity on layer-1 blockchain networks beyond Ethereum.According to data from DeFillama, Solana-based DEXs facilitated a total of $1.14 billion in transactions in the past 24 hours, surpassing the roughly $1.13 billion traded on Ethereum-based platforms during the same period.This achievement highlights the incredible growth and widespread adoption witnessed within Solana’s DeFi ecosystem and captures the attention of the cryptocurrency community. In particular, last December, Solana DEX became the first to surpass Ethereum, thanks to increased memecoin and stablecoin activity.While the daily numbers show Solana’s temporary lead, it…
Polkadot, a computing platform known for its interoperability and scalability, saw notable growth in key metrics in late 2023, as detailed in a recent report. report To Mesari. Outpacing Cryptocurrency Market Growth According to Messari’s findings, Polkadot’s circulating market capitalization reached an impressive $8.38 billion, registering an impressive 111% quarter-on-quarter growth. This growth surpassed the 54% growth of the overall cryptocurrency market over the same period. Additionally, Polkadot’s year-over-year (YoY) change reached 94%, solidifying its top position. 15 cryptocurrency projects Based on market capitalization. DOT’s circulating market capitalization reached $11 billion in the fourth quarter of 2023. Source: Messari In…
The cryptocurrency market is currently going through a period of correction and rebalancing due to the declining performance of Solana (SOL). Once a beacon of the burgeoning NFT market and a hub for decentralized trading activity, SOL has experienced a notable decline in both network activity and NFT interest. This slump goes beyond the difficulties of the Solana (SOL) platform. This also opens the door for other emerging altcoins to shine. In this context, new Solana (SOL) competitors are emerging, seeking to take advantage of current market dynamics. In a cryptocurrency market looking for innovative and resilient platforms, these SOL…
Resistance at $0.53 could hinder ADA’s rebound. Cardano’s transaction volume has decreased, but its social dominance has increased. The value of Cardano (ADA) has fallen 18.45% since the beginning of the year, according to CoinMarketCap data. However, AMBCrypto’s assessment of the price tracking platform shows that the price has increased by 3.60% in the last 24 hours. This increase brought ADA back above $0.50. Despite this increase, on-chain data has revealed some interesting things happening on the Cardano network. The first was a 24-hour active address. Activities take a backseat Active addresses increased to 45,000 on February 1, according to…
Open Exchange (OPNX), a Singapore-based cryptocurrency exchange founded by the co-founders of failed cryptocurrency hedge fund Three Arrows Capital (3AC), is scheduled to launch. cease business It has been less than a year since it was founded. OPNX closes due to legal issues OPNX was founded by Zhu Su and Kyle Davies, along with co-founders Mark Lamb and Leslie Lamb, to make a comeback following the collapse and infamous downfall of Three Arrows Capital. Sam Bankman-Fried Cryptocurrency exchange FTX. Mark and Leslie Lamb are also known for their involvement in CoinFlex, a digital asset exchange that filed for restructuring in…