BNB price has risen more than 6% over the past seven days. Several indicators looked optimistic and BNB’s network activity also remained high. After CZ withdrew, fear arose. BNB Chain (BNB) Price plummet. But the coin stayed in its place. In fact, the price of the coin has risen by more than 6% over the past seven days. Things could get even better if a promising bullish pattern forms on the coin’s price chart. The price movement of the BNB chain appears solid. According to CoinMarketCap, BNB is up more than 6% in the past week. At the time of…
Author: Crypto Flexs
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The following is an excerpt from the latest edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be the first to get these insights and other on-chain Bitcoin market analysis delivered to your inbox, Subscribe now. Bitcoin has seen a slight reversal in its ongoing bull run in the final months of 2023. Nonetheless, these price movements could signal an upcoming bull market as the asset finds new backers.Throughout its entire history, Bitcoin has been a volatile asset. In the nearly 15 years since the Genesis block was mined, the greatest values have always been the result of…
U.S. Judge John Dorsey of the Delaware Bankruptcy Court has scheduled a hearing early next year to calculate the cryptocurrency exchange’s debt to the IRS, a sticking point that has stalled efforts to compensate the exchange’s many victims. Claims from the IRS, FTX’s largest creditor, must be resolved before FTX victims can recover their losses.
Market • December 13, 2023 2:27 PM EST Posted 1 minute ago In ~ bitcoin BTC +4.66% Prices rose on Wednesday as the U.S. Federal Reserve left interest rates at current levels, as expected.The Federal Open Market Committee left the federal funds rate unchanged at its current range of 5.25%-5.50%, as most analysts had predicted. The move marked the fourth interest rate freeze this year after the central bank kept rates steady in November, September and June.“Tighter financial and credit conditions for households and businesses are likely to put a strain on economic activity, employment, and inflation,” the central bank…
“The next generation of markets, the next generation of securities will be tokenization of securities,” said BlackRock CEO Larry Fink. He’s not wrong. The securities industry has played a key role in making tokenization visible and popular. However, with recent innovations, asset tokenization is now much bigger than financial securities. With a market potential of $16 trillion by 2030, tokenization has become a way to bring real-world assets (RWA) on-chain for better discovery, accessibility, and efficiency. This provides a much-needed bridge between TradFi and DeFi. But thanks to the unique and exclusive RWA we are building. planet, tokenization will lay…
Victoria, Seychelles, December 13, 2023, Chainwire The world’s best bitget cryptocurrency exchange and Web3 companies announced the listing of MultiBit (MUBI). Representing a groundbreaking advancement, MultiBit is the industry’s first two-sided bridge, carefully crafted to facilitate easy cross-network transfers between BRC20 and ERC20 tokens. In its efforts to improve liquidity and cross-chain interoperability, MultiBit has achieved pioneering results. Promising unparalleled ease and advanced accessibility, MultiBit provides a secure and user-friendly platform for stakeholders in the cryptocurrency space. The platform’s pivotal mission is to increase liquidity and accessibility of BRC and ERC tokens while maintaining strong security measures. In particular, MultiBit…
A total of $1.7 billion has flowed into Bitcoin (BTC) since the beginning of the year, with an additional $20 million worth of institutional funds flowing in over the past few weeks alone. Additionally, there was a lot of capital inflow. This is because it shows the high demand from investors for Bitcoin.ETF excitement fuels Bitcoin’s surgeWith all the hype surrounding the possible approval of a dozen index-based spot exchange-traded funds, this is despite the fact that Bitcoin is experiencing spectacular growth. This could create a positive atmosphere among investors, who see it as a necessary incentive for traditional financial…
Decentralized finance protocol Yearn.finance is hoping an arbitrage trader will return $1.4 million in funds after a multi-signature scripting error, depleting a significant portion of the protocol’s funds.“An incorrect multisig script led to the exchange of 3,794,894 lp-yCRVv2 tokens, Yearn’s entire treasury balance,” Yearn contributor “dudesahn” said in a Dec. 11 GitHub post. An error occurred while converting yVault LP-yCurve (lp-yCRVv2), which Yearn earned as a performance fee for vault harvesting, to a stablecoin on decentralized exchange CowSwap. $1.4 million loss Yearn Finance said the faulty script caused its treasury fund to lose about $1.4 million.Their team later claimed that…
Bitcoin (BTC) and cryptocurrencies may soon see another massive wave of adoption among U.S.-based businesses following new accounting rule changes that will allow companies to more accurately reflect the value of their cryptocurrency holdings. Cory Klippsten, CEO of Swan Bitcoin, a Bitcoin-only exchange, told Cointelegraph that both MicroStrategy and Bitcoin-holding companies like Tesla have been required to report impairments in their holdings, which “now more accurately reflects the actual value of Bitcoin investments.” “You can do it,” he said.“This change is important for companies primarily focused on Bitcoin, as well as a broad range of companies to encourage more mainstream…
Bitwise Invest, an investment company specializing in cryptocurrency, recently unveiled its highly anticipated cryptocurrency. prediction 2024. These predictions provide a glimpse into the future of the cryptocurrency industry, highlighting key milestones and potential breakthroughs for the largest cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) and exchanges like Coinbase. Bitcoin is expected to break records Bitwise’s first prediction suggests that Bitcoin will surpass previous records and trade above $80,000, setting a new all-time high. The company attributes this optimistic outlook to two key catalysts. Spot Bitcoin Exchange Traded Fund (ETF) is expected to launch in early 2024 and new Bitcoin supply…