Bitcoin prices rebounded on Tuesday on the expected approval of a spot Bitcoin ETF and the impact of the upcoming halving event that will impact the supply and value of BTC. At the same time, FTX revised its bankruptcy plan with the goal of liquidating most of its cryptocurrency assets to distribute cash to creditors and customers. The plan awaits creditor approval and final judicial consent. Additionally, the Crypto Fear and Greed Index currently stands at 73, indicating “greed,” suggesting that the market may be overly optimistic, a sentiment reflected in historical pre-halving market patterns. As we delve deeper into…
Author: Crypto Flexs
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Market • December 19, 2023 11:44 AM EST Posted 1 minute ago In ~ Bitcoin BTC +1.28% Reuters reported on the 2nd (local time) that open interest in options on the Chicago Mercantile Exchange (CME) reached an all-time high. The Block’s data dashboard. Over the past 24 hours, open options interest on the CME Bitcoin futures contract has reached nearly $2 billion.The same result was observed with Velo Data, which showed options open interest on CME Bitcoin futures reaching a peak of $2.1 billion. An increase in open interest indicates a very liquid market with many participants. Open interest refers…
A widely respected cryptocurrency analyst points out that the next altcoin cycle is likely just around the corner, but there could be a downturn first. In a new strategy session, DataDash host Nicholas Merten told his 511,000 YouTube subscribers that a key indicator is the total market capitalization of all crypto assets excluding the top two digital assets: Bitcoin (BTC) and Ethereum (ETH) (TOTAL3). They say it suggests. , it is performing at its best. “Of all these indicators, all the indices we track within cryptocurrency market cap and the various sectors of cryptocurrency (TOTAL3, which is the actual kind…
Bitcoin has rebounded above the $43,000 level over the past day. Possible reasons for asset reversal include: Bitcoin rebounds towards $43,000 Just before that, Bitcoin fell to a low of $40,500 as the market experienced significant selling pressure. However, in the past day, BTC has already rebounded, recovering above the $43,000 level. The chart below shows the roller coaster the cryptocurrency has been through over the past few days. Looks like the price of the asset has sharply surged during the past 24 hours | Source: BTCUSD on TradingView As is usually the case, other assets in the sector followed…
Binance, the world’s largest cryptocurrency exchange, and its former CEO Changpeng Zhao (CZ) were ordered to pay a hefty fine by the U.S. District Court for the Northern District of Illinois. This ruling brings to a successful conclusion an important enforcement action initiated by the Commodity Futures Trading Commission (CFTC). The decision issued by the court on December 18, 2023 marks the completion of the enforcement proceedings that began in November. An investigation conducted by the Commodity Futures Trading Commission (CFTC) found that Binance and CZ aggressively targeted U.S. customers, particularly quantitative trading firms, for trading digital asset derivatives on…
GameSwift Unveils GS Pay: Transforming In-Game Assets into Real-World Spending for Gamers – Chainwire housenewsroomGameSwift Unveils GS Pay: Turning In-Game Assets into Real-World Spending for Gamers 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…
The acquisition, which will add 390 megawatts of capacity, will be paid for with cash from Marathon’s balance sheet, the company announced Tuesday. Across both sites, approximately 21% is vacant and available for expansion, 63% is occupied by Bitcoin mining tenants and 16% is already occupied by Marathon. Marathon said it expects the acquisition to reduce its cost per coin mined by about 30%.
Cryptocurrency analyst CryptoInsightUk said: yet again Based on his predictions about the future trajectory of XRP price. This time, analysts predict that cryptocurrency tokens will enjoy unprecedented value. Main cryptocurrency, Bitcoin. However, there are some caveats to make this a reality. How XRP Could Gain 1500% Against Bitcoin in post CryptoInsightUk, shared on his X (formerly Twitter) platform, said: XRP could rise up to 1500% against Bitcoin. He said this would happen if the crypto token could break and stay above the gray box at the top of the chart he shared. But even if that doesn’t happen, he’s still…
DWF Labs announces strategic investment in game developer MOBOX. The MOBOX team said this collaboration could be a game changer in the world of UGC games. DWF Labs’ investment in MOBOX includes providing liquidity across the exchange and expanding other partnerships. DWF Labs, a leading digital asset market maker and Web3 investment firm, announced a strategic investment in Web3 gaming platform MOBOX. With this investment, DWF Labs will support MOBOX’s growing ecosystem around user generated content (UGC) games. Stepping up MOBOX’s UGC game DWF Labs will use this investment to strengthen the growth of MOBOX. This will be achieved by…
Sen. Elizabeth Warren, D-Mass., sharpened her rhetoric against the cryptocurrency industry in a new letter to industry groups and the Coinbase exchange. in letter Speaking to the Coin Center cryptocurrency advocacy group, she accused the industry group of “wielding an not-so-secret weapon” from former Department of Defense and law enforcement officials hired in an attempt to undermine congressional efforts to address cryptocurrencies’ role in financing terrorist groups. I did. Including Hamas. “This revolving door of abuse is appalling and shows the cryptocurrency industry is spending millions of dollars to ensure its legitimacy while fighting stonewalled common-sense rules designed to…