Bitcoin’s (BTC) eight-week winning streak looks set to end this week with its price falling nearly 4%. The recent weakness suggests traders are booking profits, but it does not alter the near-term upward trend. Pullbacks also help reduce any foam that may have formed.Strong hands are likely to re-enter the cryptocurrency market as the macro environment remains bullish on risk assets after the initial shake-up. If the Federal Reserve stops raising interest rates and decides to cut rates in 2024, demand for cryptocurrency products could increase further.Daily view of cryptocurrency market data. source: Coin360But nothing goes up in a straight…
Author: Crypto Flexs
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Bitcoin, the world’s most popular digital currency, has been a captivating subject since its inception in 2009. As the pioneer of cryptocurrencies, it has opened up many different possibilities for making money in ways that were not possible with traditional currencies.Here are the top 11 ways to make money with Bitcoin: Bitcoin Investment and TradingBitcoin’s price is extremely volatile, and this characteristic allows the potential for high returns on investment. The basic strategy involves buying Bitcoin when the price is low and selling when the price is high. This requires a good understanding of the market and the ability to…
Tether, the company behind the popular stablecoin USDT, has publicly released letters it sent to the U.S. House of Representatives Financial Services Committee and the U.S. Senate Committee on Banking, Housing, and Urban Affairs to reaffirm its commitment to openness. Legal Compliance. Taking a proactive approach to maintaining the integrity of the cryptocurrency ecosystem, Tether strengthens its commitment to combat the misuse of stablecoins for illegal operations under the direction of newly appointed CEO Paolo Ardoino. I did. Tether Freezes 200 Wallets: A Compliance Triumph In a calculated move, the organization implemented a new wallet freeze policy targeting people on…
The Palau Ministry of Finance has officially launched the second phase of the Palau Stablecoin (PSC) program. Jay Hunter Anson, a Palau-based cybersecurity consultant and Treasury advisor, confirmed the launch of Phase 2 of the program on December 15 in a post on X (formerly Twitter).anson said Palau aims to expand its partnership with Ripple in Phase 2, allowing the PSC team to leverage Ripple’s central bank digital currency (CBDC) platform and technical expertise. PSC is a digital currency pegged to the US dollar using Ripple’s XRP Ledger. Anson also emphasized that the focus of the second phase of the…
The Sepolia testnet undergoes execution layer (EL) upgrade after merging from blocks. 1735371Scheduled for August 17, 2022The upgrade will cause EL clients on the network to lose connectivity to peers that have not converted to proof-of-stake. Other than this it doesn’t add any additional features.Sepolia node operators must upgrade their execution layer clients prior to blocking. 1735371.Similar upgrades are expected for Goerli and Ethereum mainnets once these networks transition to proof-of-stake. background To maintain a healthy peer list, nodes in the Ethereum execution layer automatically disconnect peers that do not have the same upgrade order. On the Ethereum mainnet, this…
For various reasons, people in this profession are likely to quit in 2024 to find better jobs, despite decent salaries. A new report from Payscale has revealed which jobs people will be most likely to quit in 2024. According to the study, which surveyed employees between November last year and October 2023, employees currently holding these jobs are expected to quit within six months. Data on approximately 800,000 U.S. workers. Payscale’s data is interesting because while some of these jobs pay relatively well, they nonetheless make workers unhappy. Research shows that employee dissatisfaction with these jobs can be high, especially…
Solana (SOL) rose following the launch of the JTO token as Kamino hinted at an airdrop. Cardano (ADA) surges 31.7% after Binance adds a new pair. Rebel Satoshi (RBLZ) leads the list of best ICOs with a 150% return potential. Solana (SOL) Protocol Kamino is considering an airdrop of Jito tokens after they become active. Meanwhile, Cardano (ADA) is also in the news as Binance adds a new trading pair. Rebel Satoshi (RBLZ), a new meme coin, is one of the altcoins expected to make huge gains as it breaks records in pre-sales. Learn more about the latest SOL and…
New data shows deep-pocketed Ethereum (ETH) investors are waking up from a year of dormancy and selling off their crypto assets as the top altcoin loses momentum. According to blockchain data tracking company Lookonchain, the cryptocurrency whale is waking up from a 12-month slumber. sale ETH is hidden through a decentralized exchange platform (DEX). “Whales that have been dormant for a year are dumping ETH on DEX! So far, 18,865 ETH has been sold for 4 million DAI across 4 new wallets, with an average selling price of $2,229. And there are currently 5,588 ETH ($12.5 million) remaining.” Source: Lookonchain/X…
Ryan Lee, senior analyst at Singapore exchange Bitget, has made some interesting Bitcoin price predictions for 2024. This prediction comes after BTC’s negative performance last week. Bitcoin will trade at $120,000 in 2024 – Ryan Lee Cryptocurrency data platform Brave New Coin shared Ryan Lee’s New Year Bitcoin outlook divided into three stages in an X post on December 17. In the short term, Lee expects the Bitcoin price to fluctuate between $32,000-$50,000 depending on the outcome of the approval of a spot ETF in the US. Currently, many cryptocurrency enthusiasts are very optimistic that the SEC has finally granted…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Despite Bitcoin (BTC)’s solid reputation, the upcoming fourth halving event has raised concerns among cryptocurrency investors about its impact on price volatility. This has sparked a shift towards new projects, with Cardano and Meme Moguls, currently in pre-sale stages, emerging as options. Experts are casting shade on the upcoming Bitcoin halving. Following recent optimistic market conditions, there is fear, uncertainty and doubt (FUD) about Bitcoin’s halving scheduled for April 2024. Historically, Bitcoin halving events have supported prices. However, the…