Illustration by Mitchell Preffer for Decrypt.Bitcoin (BTC) I had a depressing week after that. Historical Approvals and Transactions It is one of several cryptocurrency exchange-traded funds (ETFs).Largest cryptocurrency by market capitalization fell hard next monday For Sale That’s according to digital asset fund manager Grayscale. The virtual coin fell below $40,000 ($38,678) on Tuesday but slowly recovered as the week went on. It is currently trading at $41,830 according to CoinGecko data. showA movement of less than 1% over 7 days. Before Grayscale’s Bitcoin ETF began trading, it operated like a closed-end fund, with investors unable to redeem their shares…
Author: Crypto Flexs
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In the current volatile cryptocurrency market, which is largely driven by the dynamics of the Spot Bitcoin ETF, smart investors may see “buy the dip” opportunities. As highlighted in a CoinShares report, leading cryptocurrency Bitcoin (BTC) saw a significant increase in trading volume to $11.8 billion, along with significant outflows of $25 million. This situation represents a shift in the market, with an increasing preference for newly launched, cost-effective ETFs over existing, high-cost ETFs. The United States is emerging as a key player attracting significant cryptocurrency inflows, unlike the outflows observed in Canada and Europe. Amid these market fluctuations, outflows…
The dog-themed token reversed all the gains it made during the Musk-induced rally. DOGE’s social media mentions declined sharply following the event. The world’s largest memecoin, Dogecoin (DOGE), has fallen sharply since the actions of its most influential supporter, Elon Musk, sent its price up significantly a week ago. Recall that the “original memecoin” rose by more than 10% on January 21st as social platform History shows that Dogecoin consistently responds positively to payments-related developments from the Elon Musk-owned company. But as is history, as the hype died down, DOGE reverted. The dog-themed token has since plunged 11%, effectively reversing…
Today, BTC-only exchange Swan Bitcoin unveiled its new mining division, Swan Mining, which previously operated in stealth mode, according to a press release sent to Bitcoin Magazine. The department is now part of Swan Institutional and is focused on strengthening the security of the Bitcoin network while contributing to expanding energy production and stabilizing the power grid.Swan Mining, which began operations in the summer of 2023, has already made significant contributions to the Bitcoin network, providing 4.5 exahashes, according to the release. With plans to increase capacity to eight more exahashes, the unit has rapidly purchased and deployed mining equipment…
LBank Labs Takes Bold Step from Web3 Venture Capital: Announces Strategic Investment in Entangle – Chainwire housenewsroomLBank Labs Takes Bold Step from Web3 Venture Capital: Announces Strategic Investment in Entangle 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 specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or…
SDF officials “deemed the bug to pose little risk given the phased rollout plan,” but after “compelling feedback” from the developer community, the foundation now plans to “disarm” its own validators, preventing a network upgrade vote. Jan. 30, according to the post.
OKX Exchange discontinues mining pool services due to business adjustments. New user registration will be suspended immediately. Existing users have until February 25th. Mining pool-related services are scheduled to be completely discontinued on February 26th. In a recent announcement, major cryptocurrency exchange OKX revealed its plans to shut down its mining pool and related services. Due to a business adjustment, this decision is set to affect users from January 26, 2024. The outage schedule presented by OKX represents a phased approach in which new user registrations will cease immediately and existing users will utilize the service until February 25, 2024,…
As digital currencies continue to gain momentum, a new player has entered the game: PseudoCash. This revolutionary new form of digital currency will revolutionize the way we think about money and transactions. In this article, we will take a closer look at PseudoCash and how it is changing the digital currency landscape. What is PseudoCash? PseudoCash is a new type of digital currency that provides a decentralized and secure way to transact. It is based on blockchain technology, similar to other popular digital currencies such as Bitcoin and Ethereum. However, PseudoCash offers several unique features that set it apart from…
that much Ethereum Networks represent revolutionary innovation in areas such as: blockchain technology. It serves as a powerful platform for building and deploying decentralized applications (dApps), fueling the growth of decentralized finance (DeFi), and transforming the way we interact with financial services. However, as its widespread adoption and popularity grows, Ethereum faces issues of scalability and high transaction fees. layer 2 Expand solutions to enhance functionality. ERC-20 tokens are the standardized building blocks of the Ethereum network. It adheres to a specific set of rules to ensure smooth interaction and divisibility, making it suitable for trading and a variety of…
Even on a slow Saturday for cryptocurrency markets, there’s plenty to cover, including Sui’s new milestone, the Oracle malfunction, and seeing Tenet in a way Christopher Nolan clearly didn’t intend – watching it frame by frame within a Farcaster post. Here’s all the news you might have missed in the cryptocurrency world today. OpenSea acquisition?According to DL News, which interviewed NFT Markets Director Devin Pinzer, OpenSea’s CEO is open to seeing whether acquisitions, including acquisitions of its own, are a good fit for the company. Pinzer told the publication that OpenSea “has no plans to be acquired,” but that the…