The debate surrounding the suitability of Bitcoin Exchange-Traded Funds (ETFs) in the ever-evolving cryptocurrency landscape continues to capture the attention of investors, enthusiasts, and industry experts alike. Seen as a potential catalyst for mainstream adoption, this financial instrument raises fundamental questions about the future of the cryptocurrency market. For Bitcoin ETF Improved accessibility: Opening the cryptocurrency market to the public One of the main arguments in favor of a Bitcoin ETF concerns the concept of improved accessibility. Proponents argue that Bitcoin ETFs can attract both institutional and retail investors to the cryptocurrency market by providing a regulated and simple investment…
Author: Crypto Flexs
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XRP prices are still underperforming the general cryptocurrency market, raising concerns among holders. However, for a cryptocurrency that boasts one of the strongest communities in the sector, this is not all bad. As for prices, optimism about a recovery remains high, as cryptocurrency analyst JD has made a rather optimistic forecast for altcoin prices. XRP Price Confirms Golden Cross Fo 1000% Rally In a recent analysis of the XRP price, cryptocurrency analyst JD pointed out a bullish formation that could spell very good news for the altcoin. According to him, the cryptocurrency has confirmed a rare golden cross on the…
Binance founder Changpeng “CZ” Zhao has been ordered by a federal judge to remain in the United States until his sentencing in February. The judge cited concerns that Zhao would be a flight risk if he returned to the United Arab Emirates. Zhao faces a possible 18 months in prison after pleading guilty to money laundering charges on November 21. The judge noted that the defendant’s significant overseas assets and property, as well as his family living in the UAE, were contributing factors to his flight risk. Zhao’s guilty plea is part of Binance’s settlement with U.S. regulators that involved…
Lookonchain, a web3 data analytics tool that tracks whale activity, shared a post on This brings a total of 1.76 billion USDT received from the Tether Treasury to the exchange since October 20th. As part of the post, Lookonchain puts these numbers into perspective, highlighting that an average price of $40,000 is enough to earn a total of 44,000 Bitcoin (BTC). On November 22, Lookonchain reported significant Tether Treasury transactions, revealing that Tether Treasury had recently minted an additional $1 billion. The tweet highlighted a notable development, alerting followers to the fact that this particular company had amassed a whopping…
Two crypto provisions addressing anti-money laundering issues were removed from a joint version of the National Defense Authorization Act, a military funding bill considered a must-pass bill, ending a backdoor effort to pass digital asset regulations this year. Us
Market • December 8, 2023 11:58 AM EST Posted 1 minute ago In ~ bitcoin BTC +1.86% Stocks rose on Friday after new U.S. jobs data strengthened hopes that the Federal Reserve’s current monetary policy could achieve a “soft landing” for the nation’s economy.The Bureau of Labor Statistics released better-than-expected data for November, showing U.S. employers added 199,000 jobs last month. This is an increase in job growth compared to October. This data can give Fed officials confidence that current monetary policy is on track to curb inflation without triggering a recession.Bitcoin was up 1% at 11:30 a.m. ET. change…
In a significant development for the blockchain data-oracle project, Chainlink (link) has seen significant response to its enhanced cryptocurrency staking program, accumulating $632 million worth of LINK tokens in a very short period of time. the company announced A recent press release highlighted ‘overwhelming demand’ during Early Access, with the staking limit being met in just six hours. Chainlink releases staking v0.2 Chainlink, recognized as the industry standard decentralized computing platform, has released Chainlink Stake v0.2, the latest upgrade to the protocol’s underlying staking mechanism. The Early Access phase has begun. eligible participant You can stake up to 15,000 LINK…
The meme coin market has recently seen fierce competition between two cryptocurrency protagonists: Pepe the Frog and a dog coin named BONK. While both tokens have seen incredible growth, BONK currently reigns as the third-largest meme coin, while a resurgent PEPE is hoping to leapfrog up the charts. key point PEPE coin price has surged 40% over the past week and 60% of holders are currently making profits. Active addresses and transactions also increased. BONK rose 30% in 24 hours, overturning PEPE to become the third-largest meme coin by market capitalization, behind Dogecoin and Shiba Inu. BONK and Solana each…
Regulatory and Legislative Update – November 2023December 8, 2023Demetrios TseasRegulatory and Legislative Analysis – GLOBALFATFThe Financial Action Task Force (FATF) is a global money lau… More to provide countries with enhanced tools to more effectively freeze, seize and confiscate criminalA Criminal is an individual or group who has been convicted … More propertyDuring its fourth Plenary in Paris (Oct 25-27) the Plenary agreed on major amendments to the FATF Recommendations that will provide countries with enhanced tools to more effectively freeze, seize, and confiscate criminal property, both domestically and through international cooperation. The revised Recommendations require countries to have policies…
A US senator said Congress should regulate the cryptocurrency industry “with light measures that do not stifle American innovation.” Cryptocurrencies “have the potential to disrupt much of the traditional banking model,” he said.He emphasized that cryptocurrency regulation must be appropriate to avoid forcing companies overseas. ‘Must be regulated with a light touch’ Senator Bill Hagerty (R-TN), a member of the U.S. Senate Banking and Foreign Affairs Committee and former U.S. Ambassador to Japan, criticized JPMorgan CEO Jamie Dimon’s controversial comments on Bitcoin and cryptocurrencies in an interview with Bloomberg and social media posts. I mentioned the remarks. Platform X on…