Raoul Pal, a respected name in the financial markets, attempts to bring clarity to cryptocurrency enthusiasts through nine key financial advices. His insights resonate with both beginners and experienced investors. He aims to provide a strategic blueprint for managing risk, optimizing investment portfolios, and achieving long-term success in the cryptocurrency market. Financial advice from Raoul Pal First, Pal emphasized the importance of avoiding leverage when trading or investing in cryptocurrencies. This approach minimizes risk and prevents losses from escalating. This is a key factor in maintaining a healthy cryptocurrency portfolio. Second, he advised not to give in to FOMO (Fear…
Author: Crypto Flexs
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Are you interested in investing in cryptocurrency? If so, you’ve probably heard of LitecoinX. This guide will give you everything you need to know about LitecoinX and how it can help you make money. What is LitecoinX? LitecoinX is a cryptocurrency created by improving Litecoin. It is designed to be faster, more scalable, and more secure than previous versions. This makes it an attractive option for investors looking to tap into the potential of cryptocurrencies. How to Make Money with LitecoinX There are several ways to make money with LitecoinX. One of the most popular ways is to invest in…
If ADA’s trading volume increases, the price may fall further. Open interest is falling, suggesting that ADA could fall to $0.40. AMBCrypto reported a surge in trading volume as Cardano (ADA) fell to $0.45. Between January 22nd and 23rd, Cardano’s trading volume jumped from 234 million to 453 million. This means that a lot of transactions involving the token have occurred. However, increased trading volume is not always good news for cryptocurrency prices. As prices rise and volume increases, these trends can indicate strong buyer interest. This can also serve as a strength for price increases. However, the opposite is…
Prepare your sword and sharpen your arrows. This is not your grandma’s bingo night! Introducing Dragon’s Luck – Level Up; The ultimate boss fight, except the boss is a fire-breathing, egg-guarding beast thousands of times our size. It’s no big deal, right? Think of it as your own hero’s journey, with rewards worthy of a king or queen of any realm. Yes, you’re fighting for $20,000 in cash and $50,000 in prize money in the Level 41 quest in Ice and Fire. Winter has come. You can win huge rewards at BitStarz! So are you ready to steal eggs? There…
Rep. Maxine Waters, Ranking Member of the U.S. House of Representatives’ Financial Services Committee, questioned Meta Platforms, Inc. (formerly Facebook) regarding a trademark application that represents a potential expansion of the digital asset ecosystem. Waters’ concerns, communicated in a January 22, 2024 letter to Meta’s CEO Mark Zuckerberg and COO Javier Olivan, stemmed from five trademark applications filed by Meta on March 18, 2022. October 12, 2023 Despite Meta’s claims, the company has not engaged in digital asset operations, but it appears otherwise in these applications. The committee is pressing Meta for clarity on ongoing or planned blockchain or cryptocurrency-related…
As Big Tech comes to dominate AI, decentralized players are making the case for a blockchain governance layer for the next Internet era.
A series of recent events has brought renewed focus to what some experts are calling Ethereum’s “client diversity problem.” While the network itself has remained resilient through successive outages due to bugs in minor clients such as Nethermind and Besu, there are growing concerns that over-reliance on Geth, the dominant client, poses a lurking threat. TLDR Coinbase relies entirely on Geth clients to run its Ethereum infrastructure, raising concerns about centralization and potential network instability if something goes wrong. Currently, 84% of Ethereum validators use the Geth client, which calls for greater client diversity to limit damage from potential bugs.…
Bitcoin continued to fall, hitting a six-week low below $40,000 on January 20. The sell-off following the launch of the Bitcoin exchange-traded fund (ETF) on January 11 shows that cryptocurrency traders believed the rumors and sold the news. While most recently approved Bitcoin ETFs are seeing strong inflows, Grayscale Bitcoin Trust (GBTC) has seen net outflows of over $2.8 billion. FTX’s bankruptcy fortunes were the main reason. sellerIt sold about $1 billion worth of stock. “Up to $3 billion has been invested in GBTC in the secondary market during 2023 to take advantage of the NAV discount,” JPMorgan analyst Nikolaos…
Blockchain project Uma has launched a solution called Oval. It aims to enable DeFi protocols to capture the value that appears during oracle updates by leveraging oracle extractable value, a type of MEV that is generated when a protocol requests a price update from an oracle.MEV involves extracting value by manipulating the order of transactions in blocks on the Ethereum network, often with the help of automated bots. This type of MEV arises from lack of liquidity on various decentralized exchanges or from out-fronting each other under certain market conditions.As Uma pointed out, there is one type of MEV related…
Popular Ethereum-based cryptocurrency wallet MetaMask will now run an Ethereum validator node for users looking to stake 32 ETH in a new feature released on January 18. In this new arrangement, MetaMask sets up and manages validator nodes for qualification through the MetaMask portfolio. Wallet users. With the new feature (Stake-as-a-Service), users who want to verify transactions on the Ethereum blockchain no longer need to have expensive hardware or technical expertise to set up a validator node. MetaMask Portfolio, a wallet dApp for asset management. The new service has been hailed as innovative by many observers, but has also…