Bitcoin has shown signs of recovery this week after falling below the key psychological support level of $40,000 earlier this week. Prices are up more than 8% from recent lows, trading above $42,000 as of Friday. This rebound brought some relief to the cryptocurrency market after a very volatile January. TLDR Bitcoin prices have recovered from recent lows below $40,000, rising more than 8% to around $42,000. A slowing pace of GBTC outflows was likely to spur the recovery as investors completed their profit-taking. Introducing a Bitcoin spot ETF that contributes to more efficient price discovery, similar to traditional stocks…
Author: Crypto Flexs
Read More
Commodity Futures Trading Commission Chairman Rostin Behnam has again called for federal legislation to regulate cryptocurrencies, raising concerns about the risks posed by the recent approval of spot Bitcoin ETF products. I did. Behnam’s comments come two weeks after the Securities and Exchange Commission approved the first batch of a spot Bitcoin exchange-traded fund, which has seen billions of dollars in trading activity to date. “Regulatory approval of Bitcoin ETP raises concerns that despite the yellow signal, market participants, retailers and institutions alike may risk mistaking the technical approval of the product with actual regulatory oversight of cash commodity digital…
London, UK, January 26, 2024, Chainwire In an important development in the cryptocurrency industry, Wooooo! Coin announced that it will be listed on two major exchanges: MEXC and Bitmart. This move represents a significant step forward for Wooooo! The growth and accessibility of the coin brings the unique energy of WWE/AEW legend Ric Flair to the world of digital assets. Major listings on famous exchanges Woooo! Coin was successfully listed on famous cryptocurrency exchanges MEXC and Bitmart. This achievement improves Wooooo!’s visibility and accessibility. A coin that offers cryptocurrency enthusiasts a new opportunity to participate in this innovative digital asset.…
Arbitrum developers can run off-chain programs on Chainlink. Chainlink’s trading volume fell while Arbitrum surged. Distributed Computing Platform Chain Link (LINK)) announced integration with: Arbitrage (ARB) You can check it on the mainnet, AMBCrypto. The project announced this in an update. released January 25th. According to information received by AMBCrypto, Chainlink functionality is now functional on Arbitrum 1. This allows developers in the Arbitrum ecosystem to connect to any off-chain device or system. This is because Chainlink Functions serve as a decentralized computing runtime useful for testing, simulating, and executing custom off-chain logic for smart contracts. While markets fall, development…
The following is a heuristic analysis of GBTC outflows and is not intended to be strictly mathematical, but instead to serve as a tool to help people understand the current state of GBTC selling from a high level, and to estimate the scale of future outflows that may occur.Number Go DownJanuary 25, 2024 – Since Wall Street came to Bitcoin under the auspices of Spot ETF approval, the market has been met with relentless selling from the largest pool of bitcoin in the world: the Grayscale Bitcoin Trust (GBTC) which held more than 630,000 bitcoin at its peak. After conversion…
Cryptocurrency has been a hot topic in the financial world for the past few years. It has received significant attention from investors and tech enthusiasts alike. With so many different cryptocurrencies hitting the market, including Bitcoin, Ethereum, and Ripple, it can be difficult to keep up with the latest trends and developments. One of the cryptocurrencies that has been attracting attention recently is NobleCoin. What is Noble Coin? NobleCoin is a digital currency created in 2014 by an anonymous developer. It is based on the Litecoin codebase and aims to provide a secure, fast and cost-effective way to transfer value…
The year 2023 has seen a boom in the world of generative artificial intelligence (AI). These tremendous advancements in the global technology sector are largely focused on solving individual and business problems with innovative approaches. The efficiency and versatility of generative AI-related applications have laid the foundation for widespread adoption. Currently, most people are unaware of the potential future evolution of this field. Most individuals and organizations are reaping the benefits of AI because its models are being trained in large numbers. Recently, JPMorgan announced the introduction of DocLLM, a generative large language model (LLM). The company has reportedly adjusted…
Amazon MGM Studio is developing a film based on the lives of cryptocurrency thief Heather “Razzlekhan” Morgan and her husband Ilya Lichtenstein. She was indicted in 2022 on conspiracy charges by the U.S. Department of Justice in connection with a $4 billion robbery and money laundering scheme.first person to report deadline The film, which remains unnamed on Friday, will be directed by Hannah Marks (“Don’t Make Me Go”), who wrote the script, and co-produced by “Riverdale” alum Lili Reinhart. The script is inspired by: new york times This article is from 2022 and the publication is being produced through our…
GMO-Z.com Trust Company launches GYEN and ZUSD on Solana network. This integration allows businesses and consumers to conduct transactions across the Solana ecosystem in a secure and efficient manner. Meanwhile, GYEN is the first certified Japanese Yen (JPY) stablecoin, while ZUSD is an established United States Dollar (USD) stablecoin. Leveraging Solana’s cutting-edge blockchain technology will significantly accelerate transactions involving Solan GYEN and Solana ZUSD, while also ensuring perfect balance and reliability. This will drive more focused fiat-to-crypto exposure, creating a link between the Japanese Yen, the US Dollar and the digital asset space. Individuals will have the privilege of exploring…
Funding • January 26, 2024 2:22 PM EST Posted 1 minute ago In ~ As Bitcoin prices rose on Friday, BlackRock’s spot Bitcoin ETF reached a milestone of $2 billion in assets under management as the company’s newly launched product continues to dominate a new class of exchange-traded funds. You are in a position to do it.Bitcoin BTC +5.15% It rose about 5% on Friday, surpassing $42,000 for the first time in more than a week, according to The Block’s. Pricing page. That’s enough to value the fund’s 49,952 Bitcoin holdings as of Jan. 25 at more than $2 billion,…