Newly launched Bitcoin token platform BRC20.com has raised $1.5 million in funding led by UTXO Management, the asset management arm of BTC Inc., the parent company of Bitcoin Magazine. The round included support from Zanshin Capital Management, Unbroken Chain, One Block Capital, Sora Ventures, OWL Ventures, Bitcoin Frontier Fund, Hamble, and New Tribe Capital. The investment comes at a time of growing interest in the BRC-20 token standard, created in March 2023 to facilitate the creation and transfer of fungible tokens on Bitcoin via the Ordinals protocol. “Today’s news marks BRC20 as it announces some of the most active and…
Author: Crypto Flexs
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Chinese authorities recently dismantled a massive $2.2 billion underground banking network that was cleverly using foreign digital currency platforms to circumvent China’s strict financial controls. This operation was revealed after a detailed investigation by the Chinese Foreign Exchange Police. It is an underground financial system that operates by purchasing cryptocurrency and then selling it through an overseas trading platform to obtain the necessary foreign currency. This process effectively circumvented China’s strict foreign exchange regulations. Xu Xiao, an investigator at the Qingdao Branch of the State Administration of Foreign Exchange, emphasized that the process mainly involved illegal foreign exchange transactions, mainly…
The quest for a Bitcoin exchange-traded fund (ETF) has been a long journey marked by highs and lows.In fact, those excited that Bitcoin spot ETF approval could come in January may be shocked to learn that the first attempt at a Bitcoin ETF dates back to July 2013.Investors Cameron and Tyler Winklevoss, then best known for their controversial role in the creation of Facebook, first proposed the Winklevoss Bitcoin Trust, an exchange-traded vehicle that would open up Bitcoin to institutional investors.However, despite the forward-looking proposal, the SEC formally rejected the proposal in March 2017, citing market surveillance and regulatory concerns.…
Minutes Network Unveils New Technology to Increase International Operator Profitability – Chainwire housenewsroomMinutes Network Unveils New Technology to Increase Profitability for International Telecom Operators We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or…
Cathie Wood’s ARK Invest has sold approximately $200 million of its remaining holdings in the Grayscale Bitcoin Trust.GBTCAccording to Bloomberg Intelligence, $100 million of the proceeds were used to purchase shares of the ProShares Bitcoin Strategy ETF (BITO).ARK Invest became the second-largest holder of the Bitcoin futures ETF with its $100 million purchase of BITO, Bloomberg Intelligence analyst Eric Balchunas tweeted. The asset manager sold 2.25 million shares of GBTC stock and purchased 4.32 million shares of the ProShares Bitcoin Strategy ETF.Balchunas suggested that ARK Invest’s move to BITO “is most likely a liq conversion tool to maintain beta in…
Participate in a variety of activities at Fairspin within Web3 Quest. Complete tasks, unlock new tasks and earn XP to become a winner! Fairspin is a blockchain casino that guarantees full transparency and fair play. Leverage Trueplay’s solutions to transfer data from the platform to an immutable digital ledger. Once recorded, all transactions and gaming activity can be viewed through Trueplay Explorer, displayed in real time. In addition to ensuring the honesty of results, the added Web3 option takes gaming to a whole new level, making it more immersive and player-centric. Fairspin users can enjoy gamification to the fullest by…
According to a recent report from CryptoQuant, Spot’s potential approval is bitcoin BTC -0.00% ETFs can be a “news selling” event.To support this claim, CryptoQuant analysts pointed to data showing that Bitcoin market participants are now enjoying high unrealized profits after the digital asset rose above $40,000. “Short-term Bitcoin holders have historically experienced unrealized profits as high as 30% prior to price corrections,” the report said.CryptoQuant analysts added that Bitcoin miners are also experiencing high unrealized profits, which may also be contributing to BTC selling pressure. “Miner sales have been increasing over the past few weeks as prices remain above…
Bitcoin is still the dominant force in today’s cryptocurrency market, but it is experiencing notable changes in market dynamics. After reaching this year’s high of $44,700, it has fallen slightly and is now above $42,000 with a small daily increase of 1%. But this calm surface hides a shift as investors begin to look past Bitcoin and Ethereum to the bullish trend of altcoins. Even subtle changes can say a lot. Bitcoin’s strong hold on the market may seem to be loosening as traders explore new cryptocurrency territory. In this context, Uniswap (UNI) and Sui (SUI) are attracting significant attention…
introduction Not Safe For Work (NSFW) AI encompasses a variety of AI technologies, such as stable diffusion, to create an unlimited spectrum of content, including but not limited to adult material. Leveraging machine learning and deep learning algorithms, these tools adeptly create and manage explicit content in various formats such as text, images, video, and interactive chatbots. The emergence and growing popularity of NSFW AI stems from the growing demand for personalized and explicit digital content, especially within the realms of adult entertainment and personal fantasy exploration. These trends highlight the important role of NSFW AI in meeting diverse user…
One cryptocurrency trader says one layer 2 scaling solution still has more upside potential after the big rally. pseudonym trader The Flow Horse says 194,500 followers on social media platform “This is another player who is still recovering from the starting line. OP retests and recovers to annual highs. Take a look at the entire market and see the results for each pair that did this. If you give it room to breathe, it’s likely to go much higher as long as the music continues to play.” Source: The Flow Horse/X Optimism is trading at $3.94 at the time of…