The United States’ real GDP growth rate in the third quarter was 4.9%. Experts and analysts are worried about the future because the number is lower than expected. This was disappointing as it was expected to launch at 5.2%. At the time of writing this piece, the US dollar index is struggling at 101.81 and is spread across currency markets. There is also a widespread bearish trend for USD/JPY and EUR/JPY that needs to be addressed. A single USD is compared to 142.26 Japanese Yen, while a single Euro is exchanged for 156.53 Japanese Yen. Both sides are showing signs…
Author: Crypto Flexs
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Stablecoin issuer Paxos has received approval from New York regulators to expand to the Solana blockchain, which was previously limited to Ethereum.Paxos said in a statement Friday that the approval from the New York Department of Financial Services “represents an important milestone for the innovation and advancement of Paxos’ enterprise and consumer-facing businesses.” luck I first reported the news.Paxos announced on January 17 that it plans to make USDP, a USD-backed stablecoin, available to the public on Solana. According to a statement from Paxos, the Solana blockchain offers fast transaction speeds and low transaction fees. “Expanding our stablecoin platform to…
Angola’s National Assembly recently approved legislation aimed at addressing the environmental impacts of cryptocurrency mining and protecting the country’s “monetary sovereignty.” The purpose of the bill is to curb illegal activity by preventing malicious actors from using cryptocurrencies to launder money. Bill introduced by President Joao Lourenco Angola’s National Assembly recently unanimously approved landmark legislation addressing cryptocurrency mining and virtual currencies in the country. The bill aims to protect the sovereignty of Angola’s monetary policy. Otoniel Dos Santos, Minister of Finance and Finance, emphasized that the passage of this law was necessary due to the impact of cryptocurrency mining on…
introductionThe online gambling landscape is rapidly evolving, and Ethereum is at the forefront of this digital revolution. In this article we Top 10 Ethereum Gambling Websites, a glimpse into the future of online betting. These platforms are known for their innovative use of Ethereum and their commitment to security, user experience, and diversity of gaming options. Whether you are an experienced gambler or new to cryptocurrency betting, this guide will walk you through the best Ethereum gambling sites, their unique features, and what makes them stand out in a highly competitive market.Top 5 Ethereum Gambling WebsitesHere is a list of…
December 21st Bitfinex lists BONK coin Post time: 11:42h From media materials by admin Road Town, British Virgin Islands – December 21, 2023 Bitfinex (https://www.bitfinex.com/), a cutting-edge digital asset trading platform, is pleased to announce the listing of BONK, a dog-themed meme coin launched on Solana. Originally introduced to the Solana community via airdrop, BONK continued to experience significant growth throughout the year, establishing itself as the leading community coin within the web3 space. Last month, BONK surged 110% in value in 24 hours, ultimately resulting in a return of over 700% in 30 days. It currently offers over 131…
Core Scientific, once a leader in Bitcoin mining, is poised to emerge from Chapter 11 bankruptcy proceedings in mid-to-late January 2024, as announced on December 21, 2023. This led the company to file for bankruptcy in December 2022.. Core Scientific has reached a key agreement with shareholders. The agreement includes distribution of convertible notes and shares by mid-January 2024 followed by a strategic relisting on the Nasdaq exchange. The move marks a significant step in the company’s restructuring and recovery efforts. Core Scientific CEO Adam Sullivan expressed optimism about the company’s future, citing plans to leverage its balance sheet and…
Blockchain technology is steadily gaining influence across a variety of industries and is fundamentally changing the way businesses operate. One of the most exciting aspects of this technology is the emergence of game-changing companies that are leveraging blockchain to revolutionize various fields. These companies are at the forefront of innovation, reshaping the global landscape through groundbreaking initiatives. In this article, we will look at five such companies and their contribution to the blockchain revolution. 1. Ultima: Redefining Staking and DeFi Ultima is a decentralized product ecosystem from a team with years of experience using ULTIMA, its native token running on…
Crypto industry leaders including Kraken, Avalanche, Anchorage Digital, and more shared their thoughts on the future of digital assets with The Block, covering everything from spot Bitcoin ETFs to stablecoins, real-world assets, NFTs, and regulation.Let’s see what 2024 will look like.Bivu Das, Managing Director, Kraken UKKraken UK managing director Bivu Das said the cryptocurrency industry is likely to take another “big leap” towards mass adoption in 2024, especially within the UK.Das said he thinks the overall market will remain optimistic through the first quarter of 2024, beyond near-term expectations for the approval of a spot Bitcoin ETF in the United…
In 2022, Three Arrows Capital (3AC), previously a well-known brand in the Bitcoin hedge fund industry, faced a catastrophic failure. This decline didn’t just happen once. Rather, it triggered a series of domino events that shook the cryptocurrency market. A British Virgin Islands court has moved to freeze assets related to the fund’s founders, Su Zhu and Kyle Davies, as well as Davies’ wife, Kelly Chen, with a potential value of up to $1.14 billion. Mismanagement and overexposure to unpredictable cryptocurrency markets are the key reasons for the collapse of 3AC. Teneo’s liquidators claim the actions of the fund’s founders…
Solana prices have seen significant gains over the past few weeks, rising to their highest level since April 2022. The ‘Ethereum killer’ fell slightly after almost breaking the crucial $100 level on Friday. The recent surge in assets puts Solana in fifth place with an overall market capitalization of $39.6 billion.Day After and beyond BNB and XRP respectively. Solana is up more than 22% last week and more than 80% so far this month. At the time of writing, SOL was trading 0.90% lower at $93.10. The catalyst for the SOL rally Solana price has shown strong strength over the…