bitcoin BTC +0.95% The price of rose above $40,000 at several points on Wednesday but hovered just below that level as market observers continued to watch the selling of Grayscale’s spot Bitcoin ETF.According to The Block’s pricing page, the price of the world’s largest cryptocurrency by market capitalization was $39,672 at 4:37 PM ET. Bitcoin price is up 1.3% in the last 24 hours, but Bitcoin price is down almost 14% in the last two weeks.We’d like to summarize why the asset has fallen since the launch of the spot Bitcoin ETF earlier this month. On its first day of…
Author: Crypto Flexs
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U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce, often referred to as “crypto mom” for her positive stance on cryptocurrencies, shared her insights on Ethereum in a recent interview with Coinage Media. Peirce suggested that the US SEC may not require a lawsuit to guide its decision to approve an Ethereum spot ETF. SEC Commissioner’s Optimistic Outlook on Ethereum ETF Peirce cited the Grayscale court ruling that was instrumental in getting the SEC to approve a spot Bitcoin ETF. She emphasized that the U.S. SEC should not wait for court intervention to correct its approach, acknowledging that the regulator’s…
On April 15-16, the international forum Blockchain Life 2024 will bring together more than 8,000 cryptocurrency leaders and thousands of international companies at the main event of the year in Dubai.Official trailer for 2024: https://youtu.be/jSn8TWHV9Lg Buy tickets: https://blockchain-life.comWhat to expect:- A premium community comprised of cryptocurrency whales and industry leaders. More than 160 experts gave speeches analyzing the market in two stages. More than 150 major industrial companies and promising startups were displayed at this exhibition. Dozens of teams participate in the Startup Pitch contest. Traditionally, many of these projects will grow within a few months. A smart networking app…
Investor and cryptocurrency analyst Fred Krueger said: predict A “vicious” Bitcoin (BTC) rally is coming soon. He cited the recent unprecedented accumulation of coins by Wall Street heavyweights. This surge in institutional interest coincides with the recent approval of the first spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). Wall Street Increases Bitcoin Purchases In a post on To illustrate, the analyst noted that Fidelity is purchasing approximately 4,000 BTC daily. Related Read: Bitcoin Goes to the Doctor: 5 Key Indicators for BTC in 2024 On the other hand, Krueger says Ark is consuming over 1,500 BTC…
This article discusses the implications of the Market for Crypto Assets (MiCA) proposal for utility tokens. It outlines specific types of crypto assets that fall outside the scope of MiCA, including DeFi protocols, pure-play NFTs, CBDCs, security tokens, and other crypto assets that qualify as financial instruments. The introduction of licensing requirements for cryptocurrency service providers, asset-referenced token issuers and e-money token issuers is also detailed. One of the key aspects of MiCA is the oversight of cryptocurrency asset service providers at member state level. Competent authorities are responsible for supervising these providers and ensuring compliance with MiCA regulations. The…
Investor and cryptocurrency analyst Fred Krueger said: predict A “vicious” Bitcoin (BTC) rally is coming soon. He cited the recent unprecedented accumulation of coins by Wall Street heavyweights. This surge in institutional interest coincides with the recent approval of the first spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). Wall Street Increases Bitcoin Purchases In a post on To illustrate, the analyst noted that Fidelity is purchasing approximately 4,000 BTC daily. Related Read: Bitcoin Goes to the Doctor: 5 Key Indicators for BTC in 2024 On the other hand, Krueger says Ark is consuming over 1,500 BTC…
Within 72 hours of launching presale on January 17, Bitbot raised a whopping $300,000. Bitbot aims to lead the Telegram trading bot market, a fast-growing segment of the trading app market with a lifetime trading volume of $7 billion. Telegram trading bot allows traders to manage their cryptocurrency trading portfolio within the Telegram app. In practice, this means that investors who are heavy Telegram users – a significant portion of the 800 million active Telegram users – will no longer need to run two applications – the exchange and the Telegram app – to manage their trades. Additionally, Telegram trading…
A California court recently issued a ruling ordering Crowd Machine and Metavine to pay more than $20 million in restitution, interest, and penalties. This landmark decision follows the 2018 Initial Coin Offering (ICO) of the Crowd Machine Computing Token (CMCT), which the U.S. Securities and Exchange Commission (SEC) classified as fraudulent and unregistered. The case began in January 2022 when the SEC filed a lawsuit against Crowd Machine founder Craig Sproule. The allegations included the misuse of $5.8 million of the $33 million raised during the ICO. CMCT was created as a digital currency that rewards computer owners for their…
One analyst explained that the recent hiatus in the Ethereum futures market could suggest that ETH’s price rise may resume. Ethereum funding rate has recently decreased One analyst in a CryptoQuant Quicktake post explained that ETH funding rates have cooled from previously overheated levels. “Funding Rate” means the periodic fee currently exchanged by holders of futures contracts on a derivatives platform. A positive value for this indicator means that long-term contract holders are paying a premium to sell short to maintain their positions. This trend means that most traders currently share the bullish sentiment. On the other hand, anything below…
The crypto market is always searching for the next big thing – those hidden gem altcoins that can deliver 10x or even 100x returns. In this article, we highlight 7 undervalued altcoins that have strong fundamentals and utility to potentially explode in 2024. Our research team selected these cryptocurrencies based on their impressive technology, fundamentals, growth potential, and favorable technical analysis that points to significant upside this year. Sponge V2 ($SPONGEV2) – The Next Major Meme Coin Revival The original Sponge token saw meteoric growth in 2023, skyrocketing from a $1 million market cap to over $100 million at its…