Ethereum whale I went on a buying spree. For the time being, this represents continued support for the king of altcoins. Purchases of these whales have particularly increased over the past few weeks. According to on-chain data from Santiment, Ethereum’s largest private wallet currently holds an all-time high of 56.25 million ETH, accounting for 46.8% of the cryptocurrency’s total circulating supply. Ethereum whales accumulate record amount of ETH Ethereum is currently trading in a range, as price trends show the cryptocurrency trading between a high of $2,434 and a low of $2,127 over the past 30 days. However, the cryptocurrency…
Author: Crypto Flexs
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Illustration by Mitchell Preffer for DecryptThe ETF craze has taken over the cryptocurrency industry and is now dominating the market and discourse, and it looks like it won’t stop until there’s a ruling. This week on Crypto Twitter, feverish speculation about the already eagerly anticipated financial product reached new highs as rumors and predictions shook minds and cryptocurrency prices alike. A major shock to the system came on Wednesday. ominous report Digital asset manager Matrixport predicted that the Securities and Exchange Commission (SEC) would reject all spot Bitcoin ETF applications in January. MatrixPort, a company they’ve never heard of, comes…
The United Nations High Commissioner for Refugees (UNHCR) is embracing blockchain technology and zero-knowledge proofs to strengthen its mission around the world. According to UNHCR Finance Minister Carmen Hett, the technology is well-suited to help the organization streamline aid delivery while protecting the sensitive data of more than 114 million refugees. Hett said this while speaking at a panel discussion held in Switzerland as part of Decentral House. The event brought together web3 experts from organizations such as Cardano, the United Nations, and the World Trade Organization (WTO) to discuss the latest developments in the ecosystem. UNHCR has already been…
Are you tired of struggling to make ends meet? Do you want to take control of your financial future and finally achieve financial freedom? Now, find out the secret to becoming rich with ACoin! What is ACoin? ACoin is a revolutionary new cryptocurrency that will disrupt the financial industry. Unlike traditional currencies, ACoin is decentralized and not controlled by a single entity such as a government or financial institution. This gives ACoin a level of independence and stability unmatched by traditional currencies. Why Acoin? There are many reasons to consider investing in ACoin. First of all, ACoin has a limited…
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A widely respected cryptocurrency trader said that Ethereum (ETH) rival, which performed very well last year, is headed for another major rally. pseudonym analyst Bluntz says 235,200 followers on social media platform “SOL is racing toward new heights. It is not simply a fade 35% liquidation dump in the strongest uptrend of all the top 10 coins in a bull market.” Source: Bluntz/X Bluntz utilizes Elliott Wave theory in technical analysis. Elliott Wave Theory states that major trends in asset prices move in a five-wave pattern, while corrections occur in a three-wave pattern. Looking at his chart, the trader suggests…
I have a feeling I’ll be writing a lot about this topic in general in the near future, but the philosophical and existential crisis currently facing the Bitcoin space over what constitutes “spam” has enormous second-order implications and consequences. Began to import . In every other Bitcoin community. I’d like to focus specifically on the response to what could charitably be interpreted as a debate with core developers, but in reality it has in most cases taken the form of what can only be described as bullying. This is a very nuanced and nuanced aspect of how Bitcoin works, as…
Coinbase, a major U.S. cryptocurrency exchange, announced plans to enter the European Union (EU) derivatives market to expand its global influence. 2024 marks a strategic turning point for Coinbase as it aims to acquire Cyprus-based entities licensed under the Markets in Financial Instruments Directive 2014 (MiFID II). This important move allows Coinbase to strengthen its service portfolio and market reach by offering regulated derivatives, including futures and options, within the EU. Strategic Acquisition in Cyprus Coinbase’s decision to acquire a MiFID licensed company in Cyprus is pending regulatory approval. Once completed, this acquisition will significantly strengthen Coinbase’s presence in the…
An unidentified individual began trading on January 5, depositing 26.9 BTC, worth approximately $1.19 million, into the Genesis wallet. The Genesis wallet is the first wallet created on the Bitcoin (BTC) network by a pseudonymous entity known as Satoshi Nakamoto. This transaction took place at 1:52 a.m. ET, two days after Bitcoin celebrated its 15th anniversary, and attracted attention because it was impossible to retrieve. Arkham Intelligence, an on-chain analytics platform, reported that before depositing Bitcoin into the Genesis wallet, the owner of the mysterious wallet funded it through complex transactions involving various addresses. Source: Arkham Intelligence Arkham Intelligence also…
The exit queue for Ethereum validators surged to over 16,000 on Friday, compared to just 26 the day before. on blockchain data At validatorqueue.com. The queue represents over $1 billion of staked ETH at current prices, but due to large balances it can take up to 5.6 days for that ETH to get back into depositors’ hands.