January 13, 2025, Calgary, Canada, Chainwire Fire Token announced the launch of a pre-sale for its tokenized Bitcoin mining operation, designed to optimize operational efficiency by taking advantage of Canada’s low energy costs. With electricity rates as low as $0.065 per kilowatt-hour (KW/H), the project aims to create the most cost-effective Bitcoin mining operation to date. Tokenized access to Bitcoin mining rewards Fire Token introduces a model where participants can access Bitcoin mining rewards without the need for personal mining equipment or technical expertise. Those who participate in the pre-sale will receive Fire Tokens, which represent a portion of the…
Author: Crypto Flexs
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Ethereum selling pressure was dominating Binance. ETH has fallen 18.61% over the past month. After hitting a recent high of $3746 a week ago, Ethereum (ETH)) experienced strong downward pressure. During this period, ETH fell to a local low of $3,157. Altcoins have shown moderate gains but are still in decline. At the time of writing, Ethereum is trading at $3,196, down 2.17% on the daily chart. ETH also fell 12.67% on the weekly chart and 18.61% on the monthly chart. According to CryptoQuant, this decline across ETH charts is primarily due to increased selling pressure. Selling pressure on Ethereum…
This article is also available in Spanish. Ethereum price began a small recovery above the $3,200 area. ETH is struggling and could continue falling if it stays below $3,320. Ethereum began a small recovery in the $3,160 region. The price is trading below $3,320 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bullish trendline connected to support at $3,250. The pair may struggle to initiate a new rally above the $3,320 resistance. Ethereum price faces resistance Ethereum price, like Bitcoin, began a short-term recovery at the $3,160 level. ETH was able…
ScaleBit, a subsidiary of security audit firm BitsLab, has flagged a vulnerability in decentralized exchange (DEX) Uniswap’s Web3 wallet that could potentially compromise “all assets stored,” ScaleBit told Cointelegraph on January 13. “The flaw allows an attacker with physical access to the device to bypass the wallet’s authentication mechanism and directly retrieve mnemonic phrases stored on the device,” ScaleBit said in a statement. A Web3 wallet’s mnemonic phrase, also known as a “seed phrase,” is usually a string of 12 to 24 random words that grants you full control over your wallet assets on any device. “(A)nyone with access to…
Wang Long Chai January 13, 2025 10:29 Tether has obtained a digital asset service provider license in El Salvador, positioning itself in a Bitcoin-friendly environment to foster innovation and expand its presence in emerging markets. Prominent stablecoin issuer Tether has successfully obtained a Digital Asset Service Provider (DASP) license in El Salvador, marking an important milestone in its strategic expansion into emerging markets. These developments are consistent with Tether’s commitment to drive global Bitcoin adoption and, as reported by Tether, focus on innovation in the financial technology sector. El Salvador: A hub for digital…
Victoria, Seychelles, January 13, 2025, Chainwire BYDFi, The global leader in cryptocurrency trading announces the launch of its innovative perpetual contract copy trading feature. official app. As the cryptocurrency market continues to evolve, trading models are undergoing tremendous changes. From traditional independent trading to today’s social and collaborative ecosystems, both investors and traders are pursuing mutual interests to achieve greater value and profitability. With this new offering, BYDFi offers a heartfelt invitation to the best traders from around the world, offering the potential for attractive rewards and incentives to jointly drive continued innovation and development in the cryptocurrency trading ecosystem.…
Mango Markets, the decentralized finance (DeFi) platform on the Solana blockchain, is permanently shutting down following a community vote that approved the closure last Friday. The decision marks the end of a platform that once played a major role in DeFi lending and trading. The closing process begins immediately and once the operation is over, users are advised to close their positions.Mango market closesThe Mango Markets community cast 23,347,212 governance votes to shut down the Solana-based DeFi platform, which suffered a $117 million exploit in 2022 and has since struggled to recover.According to a post by the platform on the…
Santiment, a cryptocurrency analytics platform, says increasing the chances of digital assets recovering is one of the key factors. The market intelligence company said in a new thread on social media platform “Crypto has been a bit of a disappointment for traders over the past week, with more talk of selling than usual. “As we saw throughout the fourth quarter bull rally, if the crowds start to get too bearish, the potential for price upside becomes much greater.” Source: Santiment/X According to a chart from Santiment, social media mentions of digital asset sales surged on December 4, before the market…
Disclaimer: The analyst who wrote this article owns stock in MicroStrategy and Semler Scientific (MSTR).Michael Saylor’s MicroStrategy (MSTR) has increased its Bitcoin (BTC) holdings for the 10th straight week.In the week ending January 12, MicroStrategy purchased 2,530 BTC for $243 million, bringing its total holdings to 450,000 BTC. The average price of recent Bitcoin purchases was $95,972. The overall average purchase price of the company’s current holdings is $62,691.Chairman Michael Saylor once again teased an announcement about X on Sunday.Shares are down nearly 5% in pre-market action, along with a similarly sized drop in the price of Bitcoin, which is…
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