The term “ultra-currency” has been thrown around quite a bit in the Ethereum (ETH) community, often describing the network’s potential to become a deflationary asset with better tokenomics than Bitcoin (BTC). Some supporters believe the story is well-founded, while others argue it is exaggerated and based on overly optimistic assumptions. Is the Ethereum “ultrasonic currency” narrative overblown? In a post posted on X by developer antiprosynesis.eth, Challenge The “ultrasonic currency” story, which they claim is often accompanied by jargon that can obscure the reality of Ethereum’s monetary policy. In particular, the analyst believes the narrative is a bit “excessive” and…
Author: Crypto Flexs
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In a groundbreaking move, payment processor PayPal has incentivized PYUSD liquidity on Curve Finance, the world’s largest stablecoin decentralized exchange (DEX) by trading volume. PayPal Encourages PYUSD Liquidity Through Curves This development of staking the DAO first capture On January 10, it sent shockwaves through the cryptocurrency community, with many experts predicting that Curve would establish itself as a platform for institutional and corporate trading of on-chain stablecoins. PayPal Incentivizes Liquidity with Curve | Source: Stake DAO PayPal’s decision to incentivize PYUSD liquidity on Curve is an important step forward in promoting the adoption of stablecoins and decentralized finance (DeFi)…
Singapore’s financial regulatory environment has increased scrutiny of cryptocurrency-related businesses, as evidenced by a recent decision by the Monetary Authority of Singapore (MAS). blacklist ImToken, a non-custodial cryptocurrency wallet provider. The move highlights Singapore’s proactive stance in regulating the burgeoning cryptocurrency sector to protect investors and maintain financial system stability. Founded in 2016 and originally headquartered in Hangzhou, China, ImToken operates a self-managed wallet before moving its headquarters to Singapore. We provide decentralized wallet services globally, including Singapore, and are different from centralized management services. Despite its global operations, ImToken has not obtained a financial business license in Singapore, resulting…
Nolimit City’s first release of 2024 is here. It’s really hot! Word on the street is that they’ve stepped up the pace this year, making the slots world more chaotic than ever. And if the Devil’s Crossroad slot is anything to go by, they’re not messing around. In this game of redemption where the devil deals the cards, you’ll sell your soul for fame, a fortune of $316,320, and access to all-new features! Would you make a deal with the devil for extreme victory? How bad can it be? The only people you have to fight against are the four-eyed…
binance, Kraken, Mexc and Kucoin are among the largest cryptocurrency exchanges targeted by India’s Financial Intelligence Unit (FIU), which has taken further action, including removing their applications from the Apple App Store in India. As a result of the enactment of new tax rules for virtual currencies in the previous year, this new development represents a significant step in India’s ongoing attempts to regulate cryptocurrency businesses. In late December 2023, the Financial Intelligence Unit (FIU) issued letters of explanation to nine cryptocurrency companies for violating India’s anti-money laundering laws. Huobi, Gate.io, Bittrex, Bitfinex, and others are all among the nine…
Posted 1 minute ago In ~ Cryptocurrency exchange Coinbase, which has been involved in a long-running dispute with the Securities and Exchange Commission (SEC), cheered the regulator’s decision Wednesday to approve a number of spot Bitcoin ETFs.“The SEC’s approval of 11 spot Bitcoin ETFs is a watershed moment in the expansion of the cryptocurrency economy,” the company said in a blog post. “The introduction of a spot Bitcoin ETF by the world’s largest asset manager will open a diverse pool of new investors, driving long-term growth and product innovation.” Find Bitcoin ETFs using Coinbase as a custodian. Image: Block.’Thank you…
Ethereum, the second-largest cryptocurrency by market capitalization, is currently showing signs of a bullish breakout, as observed by two prominent analysts in the cryptocurrency space. According to World Of Charts, Ethereum is showing consolidation within a bullish pennant pattern. This technical makeup generally suggests a continuation of the upward trend for Ethereum. According to analysts, if Ethereum successfully breaks out of this pattern, it could surge to a significant level of $3,500. $Eth The trend is consolidating in a bullish pennant and a breakout is expected soon if a successful breakout is expected and a move towards 3500$#Crypto is expected.…
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…
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…