LTC formed a bearish flag at press time, indicating a further plunge despite the recent plunge. Long-term holders were liquidating their positions. Litecoin (LTC) was one of the top cryptocurrencies hit hard by the market crash on December 3rd. That’s because its value has fallen 11.17%, according to data from CoinMarketCap. Although market prices are starting to recover, the same may not be true for LTC. Analyst Ali Martinez made this prediction: According to Martinez, LTC was facing extreme selling pressure. This selling was one of the reasons the price plummeted from $72 to $65 at press time. But that…
Author: Crypto Flexs
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In a cryptocurrency-related move, the European Banking Authority (EBA), in collaboration with the European Systemic Risk Board (ESRB) and the Financial Stability Board (FSB), announced a joint plan to examine the interconnectedness of traditional banks and non-banks. Financial institutions (NBFIs). Shining a light on shadow banking As EBA President José Manuel Campa revealed in an interview with the Financial Times, the move sheds light on the potential risks and contagion effects that could arise between banking and non-banking financial sectors in a “stress scenario”. aims to do so. The EBA’s approach is an important step in understanding banks’ exposure to…
Valkyrie and ARK 21Shares recently filed filings for spot Bitcoin ETFs, joining the growing list of contenders seeking approval from the U.S. Securities and Exchange Commission. Valkyrie and ARK 21Shares filed an 8-A securities registration for a spot Bitcoin ETF with the SEC on January 4, following Grayscale and VanEck earlier today, and Fidelity, which filed yesterday. In recent weeks, many Bitcoin ETF issuers have amended their Form 8-A.❓But what is the 8-A form… .❓SEC Form 8-A is required by the Securities and Exchange Commission (#secretary) from a company wishing to issue securities. And you have to submit it before…
According to three related sources, prospective spot bitcoin ETF issuers could begin trading as early as next week if the Securities and Exchange Commission approves the necessary documents.But first, issuers and exchanges must prepare final document submissions.Over the next three business days, Grayscale Investments is working to file a revised Form 19b-4, sources said. This is necessary as the old documents were submitted months ago and need to be refreshed, the sources said. This will likely first appear in the rulemaking section of the NYSE website.According to other sources, prospective spot Bitcoin ETF issuers must file a final S-1 form,…
new Solana A project called “Reduce Fn Gas” caught the attention of Crypto Twitter through an airdrop earlier this week. 40% of LFG token supply to Ethereum user.This was a ploy to force Solana to attempt an Ethereum maxis. Jump over the proverbial wall and see if your SOL has any grass. DeFi Fields may actually be greener and you may spend less money. gas. (Of course, spending less on transaction fees can be quite expensive on Ethereum.)And even though its fully diluted market capitalization soared to $129 million and then plummeted to around $25 million once the hype started…
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 CYBERTRACEIdukjn is a scam cryptocurrency investment DApp (decentralized application) that tricks people into conning them out of their hard-earned cash.Victim who contacted us Cryptocurrency…
Bitcoin ETF: Will there be a big boom in 2024? | Eyes on the whole | dark side | January 2024The cryptocurrency world is excited about the possible launch of a Bitcoin ETF in 2024. This makes it easier for investors to buy and sell Bitcoin like regular stocks. The SEC is considering approving some ETF applications that could attract institutional investors and push Bitcoin prices higher. However, ETFs are still untested, so it is important for investors to understand the potential risks and differences between various ETFs. Bitcoin’s future is uncertain, but 2024 will be a critical year for…
Dogecoin has struggled to recover from the flash crash that rocked cryptocurrency markets on Wednesday. After losing its hold on $0.09, DOGE price has since been relegated back to low levels of $0.08, where it continues to trade at the time of this writing. Interestingly, this is happening at a time when memecoin trading volume is increasing significantly. What is going on? Dogecoin trading volume increases by over 190% Dogecoin’s daily trading volume saw its biggest surge on the last day after the price fell. As interest in the coin grew, so did trading volume, ultimately leading to an increase…
Phuket Pioneers Blockchain Mass Adoption in Thailand with B2GC: Blockchain-Government Conference – Chainwire housenewsroomPhuket Pioneers Blockchain Mass Adoption in Thailand with B2GC: Blockchain-Government Conference We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or…
BlackRock, the world’s largest asset manager, has been making significant progress in the Bitcoin sector, which shows the company’s confidence in the future of this cryptocurrency. Over the past few months, the company has been focused on seeding a spot Bitcoin exchange-traded fund (ETF) by investing $10 million. This important step toward establishing an exchange-traded fund (ETF) was originally expected to take place on January 3, 2024. However, it was changed to January 5th. Currently in the race to create America’s first Bitcoin exchange-traded fund (ETF), BlackRock has taken this step as part of its ongoing attempt to position itself…