The U.S. Department of Commerce recently announced a major move for the semiconductor industry by announcing a $162 million grant to Microchip Technology Inc, according to Reuters. This grant represents a strategic effort to enhance domestic semiconductor production, a critical sector for both the consumer goods and defense industries. Understand the impact of subsidies Microchip Technology, known to play an important role in the semiconductor market, was the recipient of this huge government subsidy. These funds are allocated to support the local production of semiconductors, a measure that reflects the Biden administration’s will to strengthen national and economic security through…
Author: Crypto Flexs
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Lost money to a crypto or trading scam? Read this first: UK BASED – If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA – If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACENorthpeak Grow is a scam cryptocurrency trading and investment platform that promises big profits but is actually a fake site.This was set up as…
Cardano development activity is expected to return to average levels after the holidays. Price action showed that a bounce from $0.535 is possible. Cardano (ADA) suffered a major decline on January 3rd. This occurred with Bitcoin (BTC) falling from $45,800 to $40,800. Despite the short-term losses, ADA buyers were not overwhelmed by the weakness. Conversely, prices were trading near the demand zone. The network performed well in 2023 and is likely to continue this progress in 2024. Here’s what the price chart shows: Low range is important to buyers. Source: ADA/USDT on TradingView ADA has been trading within a range…
The ongoing legal battle between Ripple Labs Inc. and a group of XRP investors led by Vladi Zakinov is set to reach a critical moment on January 11, 2024, when both parties prepare for a key court hearing. Highlighted by the XRP community and closely monitored by the cryptocurrency sector, this date is an important step in an event that could have potentially far-reaching implications for Ripple and XRP. Ripple Vs. Zakinov: Proceedings resume on January 11 Crypto Eri, a prominent figure in the XRP community, shared an official court notice on the social media platform, detailing plans for the…
Cryptocurrency proponents prefer physical Bitcoin ( BTC -1.34% ) Although the ETF has been approved, some skeptics believe investors could see negative price action in the short term.“It took a long time for a Bitcoin ETF to emerge,” Bybit co-founder and CEO Ben Zhou said in emailed comments to The Block. “But now with BlackRock and other (traditional finance) giants in the mix, approval is more likely than ever. If approved, the effect will permeate the entire cryptocurrency market, bringing not only new money but also new confidence.”Zhou said the move would be a watershed moment for the broader cryptocurrency…
HAPI, a team with a common mission of developing and implementing new cybersecurity standards, topped the CoinGecko Trends Report with a 57.8% price surge. HAPI price chart | Source: CoinGecko HAPI (HAPI) saw a notable rise today, with the price reaching $28.65 and a 24-hour trading volume of $2 million. The token is said to outperform the global cryptocurrency market, which rose slightly by 0.9%, while also outperforming similar Polygon ecosystem cryptocurrencies, which have reported stagnant returns. This news comes shortly after HAPI announced on January 5 that it had unveiled its 2024 vision in its new roadmap. This roadmap…
Bankrupt cryptocurrency lender Celsius Network plans to release its existing Ethereum holdings to “ensure sufficient liquidity” when distributing assets to creditors.Celsius Network announced in a tweet that it had “begun an asset recovery and rebalancing process” to prepare for asset distribution.It added that it would release existing ETH holdings “to offset certain costs incurred throughout the restructuring process,” and noted that the staked ETH “provided valuable staking reward returns to the property.”According to Nansen’s data, Chelsea accounts for 32% of ETH awaiting withdrawal. This is approximately 206,300 ETH, or over $466 million at current prices.ETH withdrawal queue. Image: NansenCelsius filed…
Are you interested in earning passive income in the cryptocurrency market? Bitstake may be the solution for you. Bitstake is a platform that allows you to earn passive income by staking cryptocurrencies. In this guide, we’ll show you how to get started with Bitstake today and start earning passive income. Step 1: Sign up for Bitstake The first step to earning passive income with Bitstake is to sign up for an account. Create an account by visiting the Bitstake website, providing your email address and creating a password. Step 2: Deposit cryptocurrency After creating an account, you can deposit cryptocurrency…
January 3, 2024, 10:00 AM EST, Miami, Florida – today, PROFIKEYIt is part of the Propy ecosystem, a new gamified application. introduce The home address is the on-chain market. It is a decentralized application (dApp) game powered by PRO tokens and launched on Base, a layer 2 network that runs on top of Ethereum and is part of the Coinbase ecosystem. Participants can create their own or someone else’s home address on-chain and later stake or sell it. Real estate has long been limited by barriers to entry, such as prohibitive ownership costs and inefficiencies, which blockchain can simplify. Propy…
The largest of the Ethereum whales has continued to buy recently as supply hit another all-time high, according to on-chain data. The largest Ethereum wallets are rapidly accumulating According to data from on-chain analytics firm st tlyThe largest non-exchange Ethereum wallets have continued to see rapid accumulation recently. The relevant metric here is ‘Supply held by Top Non-Exchange Addresses’, which tracks the total amount of Ethereum currently held in combined balance by the 150 largest self-managed wallets. Naturally, the 150 largest non-exchange wallets will be among the top whale entities on the network. Therefore, the trend of the indicator can…