Egrag Crypto, a cryptocurrency analyst at In financial charts, the GRB metaphor reflects price surges of significant magnitude and speed, similar to the intense energy release of a cosmic GRB. Egrag utilizes Fibonacci Channels for forecasting. This is a technical analysis tool used by traders to identify potential support and resistance levels based on the Fibonacci sequence. A Fib channel is constructed by drawing a trend line between two extreme points (usually high and low) and then dividing the vertical distance by the key Fibonacci ratio. These levels are parallel lines that run across the chart and can serve as…
Author: Crypto Flexs
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Wealthy investors who made millions trading Bonk (BONK) are suddenly bullish again on its rival Dogecoin (DOGE), according to on-chain data. Blockchain tracking company Lookonchain report A profitable BONK trader has just purchased over 3 billion BONK. “This smart trader, who made ~$6.9M in BONK, spent 386 SOL ($40,000) to buy back 3.29B BONK (Tuesday)! He accumulated 371.4 billion BONK in 9 months at a cost of 6,998 SOL ($276,000) and sold half of his BONK for 50,139 SOL ($5.2 million) during the BONK surge.” Source: Lookonchain/X Bonk is trading at $0.0000138 at the time of this writing, up more…
The SEC has officially given approval for the first regulated spot Bitcoin ETF in the United States. January 9th marked a false start for this landmark decision as erroneous tweets from the SEC account caused market chaos. road to approval 19b-4 filings from companies including ARK 21Shares, Invesco Galaxy and others were approved by the SEC in January, allowing those companies to list spot Bitcoin ETFs for trading. However, instead of the approval document on the Samsung Electronics website, an ‘Error 404’ message briefly appeared. ETFs allow investors to gain an indirect stake in the price of Bitcoin without having…
The world faces significant challenges in energy production and consumption. Finite natural resources and the threat of climate change have made it essential to find sustainable and efficient solutions to energy needs. Blockchain technology and cryptocurrency have emerged as potential game-changers in the energy sector, with EnergyCoin leading this revolution. Blockchain and Energy Blockchain technology has the potential to transform the energy sector by enabling decentralized and secure transactions. It provides a transparent and tamper-proof platform for tracking energy production, consumption and transactions. This not only fosters trust between participants, but also opens up new opportunities for peer-to-peer energy trading…
join us telegram A channel to stay up to date on breaking news coverage After months of deliberations and discussions between the Securities and Exchange Commission (SEC) and the 13 applicants, the deadline for the SEC’s response to Ark 21Shares’ appeal is January 10. With a flurry of S-1 filing amendments in rapid response to the SEC’s last-minute questions earlier this week, commentators are anticipating a potential batch approval for spot Bitcoin ETFs later today. There is a high probability that the SEC will approve a spot Bitcoin ETF on January 10th. This is a bullish sign that approval is…
JPMorgan Chase CEO Jamie Dimon reiterated his long-standing skepticism about BTC, despite the company’s role in the BlackRock Bitcoin ETF. Despite its status as the most valuable cryptocurrency in terms of market capitalization, Dimon remained unwavering in questioning its intrinsic value. Under Dimon’s leadership, JPMorgan Chase was confirmed as an authorized participant in iShares Bitcoin Trust, BlackRock’s newly approved spot Bitcoin ETF. “Real-world use cases include prostitution, tax evasion, anti-money laundering, and terrorist financing. It’s not just people buying and selling Bitcoin. “There is no value in buying or selling Bitcoin.” – Jamie Dimon (JPMorgan Chase CEO) This engagement stands…
There has been a lot of controversy and requests for the U.S. authorities to conduct an investigation due to the recent security breach that occurred on the U.S. Securities and Exchange Commission’s (SEC) social media accounts. The breach resulted in the false announcement of approval for a Bitcoin exchange-traded fund (ETF). It is important to note that this episode raises serious concerns about cybersecurity, market manipulation, and the regulatory environment surrounding cryptocurrencies. Event Overview As a result of accessing the SEC’s official social media account, a fake announcement was made announcing the approval of a Bitcoin exchange-traded fund (ETF). This…
Community and EducationChinese ecosystem developmentETHPlanetSupport ETHPlanet’s ecosystem-building initiatives in China, including collaboration with students and universities, events, community organizations, and educational resources.Community and EducationobeysolveThis is a research and discussion-oriented blockchain conference hosted by Decipher, Seoul National University’s blockchain society.Community and EducationDevspace Virtual HackathonIndian Computer SocietyStudent-hosted hackathon Indian Computer SocietyAimed at developers, researchers, and students.Community and EducationETH GlobalA virtual and in-person hackathon focused on building the Ethereum developer community through learning opportunities and hands-on support for hackers.Community and EducationInformational websiteDeploying a series of easily digestible, informative and educational websites about the Ethereum ecosystem.Community and EducationDevelopment of Russian-speaking ecosystemSponsored a series of…
The Turkish government is putting the finishing touches on its long-awaited cryptocurrency regulations. According to Finance Minister Mehmet Şimşek, the technical aspects of the new regulations are currently being finalized after an extensive development process. The regulations take a broad approach to managing cryptocurrency assets and aim to strengthen investor protection while allowing the industry to thrive. key point Turkey is in the final stages of developing cryptocurrency regulation. Cryptocurrency platforms must obtain a license from the Turkish Capital Market Commission. The regulations define important concepts such as “crypto-asset”, “crypto-currency wallet”, “crypto-asset service provider”, etc. These rules aim to reduce…
Pepe jumps, excited by an increase of more than 5%. Trading volume also increased to the highest in 5 days. Following news of the false approval of the Bitcoin (BTC) ETF, some altcoins, including Pepe, had a positive impact. Pepe revealed a favorable trend that provides a glimpse into the potential impact of BTC developments. Pepe profits from BTC’s fake approval news. per recent st tly Certain altcoins have since surged in response to news of the spot ETF approval, which was first posted on the SEC’s X handle (formerly Twitter). This announcement led to an initial rise in the…