December was a period of low trading market activity due to the holidays. This has had some impact on liquidity and traders are mostly looking for a possible easing of volatility. But Exness told a different story that month. The multi-asset forex broker platform continued its trading volume momentum, refusing to go below $3 trillion. Although there was a clear downward trend compared to the previous month, Exness relied on its global product and customer base to ensure that this did not hinder the platform from finishing 2023 on a positive note. Exness is known for its 24/7 operation and…
Author: Crypto Flexs
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A U.S. federal court has recognized the validity of using information contained in Bitcoin transactions to inform defendants of civil lawsuits. This case, believed to be the first time this method has been accepted, could help solve hundreds of cases of cryptocurrency theft where the identity of the attacker is unknown. A federal court upheld the use of Bitcoin Op Returns to provide services to defendants. Bitcoin is beginning to be accepted as a means of communication in civil litigation. A federal court has recognized the validity of using Bitcoin transaction information to notify unidentified defendants of their participation in…
Since January 4th, the number of active validators on Ethereum has been steadily decreasing. ETH accumulation continues among coin traders. The number of active validators on the Ethereum (ETH) proof-of-stake (PoS) network has declined sharply, reaching its lowest point as of January 12, Reuters reported. Glassnode. Source: Glassnode AMBCrypto found that the decline began on January 4, when the total number of validators volunteering from the network’s validator pool rose to an all-time high of 17,821. Source: Glassnode This trend is supported by Matrixport, a prominent cryptocurrency investment service provider. predicted There is a possibility that the U.S. Securities and…
Bitcoin BTC +0.67% It has officially become mainstream in America. 11 spot Bitcoin ETFs approved. Products from issuers including BlackRock, Fidelity and Bitwise launched on Thursday, with cumulative trading volume exceeding $7 billion in the first two days of trading.For years, the cryptocurrency industry has been waiting for this approval to bring massive amounts of new funds into the market. The market is now open to both the largest legacy financial companies that are not ready for cryptocurrency technology and retail investors interested in cryptocurrencies. But Bitcoin meeting Wall Street also comes with risks. Some long-time Bitcoin miners point to…
January 15th Bitfinex Alpha | BTC volatility will likely increase further as the market still tends to pull back. Post time: 14:08h On Bitfinex Alpha Maria Lobusova Following the approval of the Bitcoin ETF, the sell-off seen late last week was a direct result of short-term holders realizing significant profits relative to the average realized purchase price of approximately $38,000.We remain of the view that the market is still likely to see a correction and decline early this year. We note that there was an unprecedented ‘cash’ transfer of BTC to exchanges just prior to the sale. However, despite this…
Sui (SUI), a newcomer in the cryptocurrency world, is attracting the market’s attention with an impressive rise of 87% last week. This surge pushed the price to $1.43, a record high. Sui’s native token has surpassed Bitcoin, sparking renewed interest in the dormant DeFi scene. Sui’s incredible success has been attributed to the surge in Total Value Locked (TVL), a key indicator that reflects the amount of cryptocurrency locked in decentralized finance (DeFi) protocols. Over the past week, Sui Network has seen a significant increase in TVL, reaching nearly $350 million. This achievement is especially significant in the competitive cryptocurrency…
Bitcoin mining difficulty is currently at an all-time high, with computing power expected to increase by more than 100% in 2023. CoinShares predicts that mining activity will decline after the halving, resulting in a “miner exodus.” The company also predicts that average production costs per coin will normalize to just below $38,000 after the halving. This is a complex relationship between hardware and electricity costs, difficulty and cost structure that determines whether miners make or lose money and ultimately affects the number of miners on the network. This article originally appeared on www.coindesk.com. The Bitcoin halving is one of the…
It’s always nice to hear about new grants being awarded. But what happens after the announcement? In this series, we’ll look at projects that are well underway or already at the finish line. Read on to learn about our grantees’ recent milestones and achievements! base line The Baseline project is defining protocols that enable businesses to synchronize their systems of record and reduce costly errors in B2B transactions. It uses the Ethereum mainnet as a common reference frame while using zero-knowledge proofs to keep confidential business logic and data private. The project is archived below. Ethereum Oasis. first Released In…
On January 15, Bitcoin (BTC) stabilized around $42,000 after experiencing significant volatility over the weekend. The recent volatility can be traced back to the cryptocurrency king’s surge to $49,000 followed by investors reacting with a selloff. Amid this turmoil, analysts are closely monitoring the possibility of further declines, especially if BTC falls below the $41,000 level. These market dynamics impacted overall investor sentiment, pushing the Fear and Greed Index down to 59. This is down from the high of “extreme greed” reached before the Bitcoin ETF approval of 76, a level not seen since October 2023. As we enter January…
GameStop, a popular gaming retailer, recently announced that it will close its non-fungible token (NFT) marketplace on February 2, 2024. The decision reflects a broader trend of GameStop scaling back its involvement. cryptocurrency and related services. Source: GameStop The closure of the NFT marketplace is a significant step in GameStop’s gradual retreat from the cryptocurrency world. The company informed users in a statement on its website that starting February 2, 2024, they will no longer be able to buy, sell or create NFTs on the GameStop platform. Nonetheless, GameStop reassured NFT owners that assets that are part of the blockchain…