Matteo Greco, Research Analyst at Fineqia International, a listed digital asset and fintech investment firm. (CSE:FNQ) Bitcoin (BTC) ended the week at around $41,600, up slightly 0.4% from the previous week’s closing price of around $41,750. Price volatility has decreased compared to last week, and speculation has come to an end as stability has increased following the SEC’s approval of the ETF. The introduction of the new BTC spot ETF has led to an influx of funds from traditional finance into the digital asset market. The 11 spot ETFs have attracted a total of $1.15 billion in cumulative inflows since…
Author: Crypto Flexs
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The Ethereum Foundation, a non-profit organization dedicated to the blockchain network ecosystem, liquidated $1.6 million worth of ETH, according to cryptocurrency analytics firm Arkham Intelligence.Data from the platform shows that the foundation leveraged the CoW protocol to sell 700 ETH and obtain $1.6 million in DAI stablecoin. Afterwards, the funds will be sent to the address “0x9ee…” identified by Etherscan as the grant provider. 313D”.This transaction, which may have occurred when ETH was worth around $2,400, is very similar to the previous transaction on January 16th. During this period, the foundation exchanged 100 ETH for $253,000 and the funds were…
With the rise of cryptocurrencies over the past decade, the number of digital currencies available on the market has skyrocketed. One of the emerging players in the cryptocurrency space is Lucky7Coin. In this article, we will learn more about what Lucky7Coin is, its potential as a future cryptocurrency, and what sets it apart from other digital currencies. What is Lucky7Coin? Lucky7Coin is a decentralized digital currency that aims to provide a safe and efficient way to conduct financial transactions. It is based on blockchain technology that ensures transparency and immutability of transactions. Lucky7Coin can be used for a variety of…
The price of DOT has fallen by double digits in the past month. This is due to low activity on Polkadot. The value of Polkadot (DOT) has plummeted nearly 20% over the past month. CoinMarketCap. An on-chain assessment of activity on the Proof-of-Stake (NPoS) blockchain network shows that demand has declined since the beginning of the year, leading to a double-digit decline in DOT value. At press time, DOT was trading at $6.73, a price level last observed in September 2023. Source: CoinMarketCap Bears endanger DOT holders. The price movement of DOT observed on the 24-hour chart showed a significant…
Ah, clowns. They are strange people who bring joy to some and nightmares to others. Speaking of nightmares, I’d like to take you through the sequel to Play ‘n Go!’s 2021 hit 3 Clown Monty 2 slot! These brothers look like they just escaped from a horror movie set, but they’re here to make you laugh. Or at least try it. All while you stand to win up to $25,000. Join the Monty Brothers and their not-so-cute monkey, BIT-E, on their quest to conquer the Las Vegas Strip with their monsters: a circus show. Put your clown phobia aside, let’s…
Trezor, a popular cryptocurrency hardware wallet manufacturer, recently faced a serious security breach. The breach, detected on January 17, 2024, potentially exposed the contact details of approximately 66,000 users. Unauthorized access occurred on Trezor’s third-party support ticketing portal, exposing affected users to a significant risk of phishing attacks. Breach Discovery and Impact The incident came to light when Trezor’s internal systems identified unauthorized access in a third-party support ticketing system. The breach potentially compromised the email addresses and names of users who had been in contact with Trezor support since December 2021. Despite the severity of the data breach, Trezor…
The recent White House Conference on Competition Policy and Artificial Intelligence, convened by Lael Brainard, Assistant to the President and National Economic Advisor, took important steps forward in resolving the entanglement of AI with economic and competition policy. The meeting brought together a diverse group of stakeholders to discuss the Administration’s approach to AI and emphasized its role in creating fair, open, and competitive markets. At the center of the discussion was the risk of market concentration within the AI ecosystem, which encompasses a variety of key components such as semiconductors, computing power, cloud storage, talent, and data. High concentration…
Notes on the Stateless Ethereum initiative: Research activity slowed down (understandably) in the second half of 2020 as all contributors adjusted to life on strange schedules. However, as the ecosystem moves closer to Serenity and the Eth1/Eth2 merger, Stateless Ethereum work will become increasingly relevant and influential. Expect to see a more substantial year-end stateless Ethereum retrospective in the coming weeks. Let me summarize again. The ultimate goal of stateless Ethereum is Requirements Ethereum nodes that allow state changes by maintaining a full copy of the updated state tree at all times and instead relying on (much smaller) pieces of…
Binance, the world’s largest cryptocurrency exchange, took the Securities and Exchange Commission (SEC) to court on Monday in an attempt to dismiss a lawsuit filed by the regulator. Both parties were asked by the judge why certain cryptocurrencies should be considered securities and subject to SEC rules.At the hearing, Judge Amy Berman Jackson said: ~ Of U.S. District Court for the District of Columbia Both sides were pressed on whether or not. BNB -4.42% , BUSD +0.42% Other assets traded on Binance either meet or do not meet the Howey test criteria, a set of parameters used by the SEC…
Bitcoin fell below $40,000 due to bankrupt cryptocurrency exchange FTX’s sale of GBTC and spot BTC ETF issuer Grayscale’s deposit of Coinbase BTC. Bitcoin (BTC) fell nearly 9% on January 22, trading at around $39,700 on places like Binance and Coinbase. The price drop was likely driven by outflows from the Grayscale Spot Bitcoin ETF, a fund built on top of Grayscale’s long-standing GBTC product, the largest cryptocurrency. BTC under $40,000 | Source: TradingView GBTC is the largest spot BTC ETF in US marketing, with over $20 billion in assets under management. Since the Securities and Exchange Commission (SEC) allowed…