Find out how the Christmas cryptocurrency market is showing unique trends and what to expect from the holiday season. As the world is decorated with festive lights and the spirit of Christmas fills the air, cryptocurrency markets often experience seasonal surges as well. Historical data and expert analysis show that major holidays, including Christmas, can cause noticeable changes in trading patterns and market sentiment. During the Christmas period, traditional markets are usually closed, providing a unique playground for cryptocurrency markets. This period was sometimes marked by the so-called Santa Claus rally, a phenomenon in which investors witnessed a surge in…
Author: Crypto Flexs
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“The Commission disagrees with the petition’s argument that it is impossible to apply existing securities laws and regulations to crypto-asset securities, issuers of such securities, and intermediaries in the trading, settlement and custody of such securities,” the five-member committee said. concluded: The two-page response said the agency had carefully considered the request. “The Committee concludes that the requested rulemaking is not warranted at this time and denies the petition.”
Ethereum price is falling below the $2,200 support level again. ETH is showing some signs of weakness and may fall further below $2,000. Ethereum began a new downtrend at the $2,330 resistance zone. The price is trading below $2,220 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a bearish trend line tying with resistance near $2,210. A break below the $2,135 support could push the pair lower. Ethereum price falls again Ethereum price failed to gain strength to gain more than the $2,300 resistance level. ETH peaked near $2,330 and, like Bitcoin,…
As speculation continues surrounding the surge in prices of major cryptocurrencies and altcoins, prominent venture capitalist Ran Nuener urges his massive online audience to adopt a more cautious approach. He suggests viewing the situation as a marathon rather than a sprint. “The winner is the one who ultimately wins. Those who run too fast at first will get a REKT!” Neuner said. Investors should approach the cryptocurrency bull market with caution In a recent X (formerly Twitter) post, Neuner advised his 736,400 followers not to rush into the cryptocurrency market as prices continue to trend upward across the board. “Treat…
reporter Posted on: December 18, 2023 The Avalanche’s daily active addresses and TVL have increased dramatically over the past month. AVAX is up 30% over the past seven days, but the indicator has turned downward. Avalanche (AVAX) There has been a huge spike in fees generated recently, reflecting high usage. While this may seem like a positive sign only for blockchain, it could have broader implications for the ecosystem, as historically such events have always been accompanied by price increases. What is the avalanche doing? Renowned DeFi researcher Thor Hartvigsen recently posted a tweet announcing a major development in the…
Bitcoin price again failed to break above the $43,500 resistance level. BTC has started a new decline and may soon revisit the $40,000 support. Bitcoin is falling below the $42,000 support zone. The price is trading below $42,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming with resistance near $41,800. The pair may see strong buying interest near the $40,600 and $40,000 levels. Bitcoin price falls below $42,000 Bitcoin price attempted to rise further above the $43,000 level. However, BTC failed to clear the $43,500…
Decentralized finance protocol Yearn Finance suffered major losses this week when a technical scripting error led to $1.4 million being drained from the protocol’s treasury. The incident occurred on December 11 during the routine process of converting Yearn’s yVault LP tokens to stablecoins via a swap on decentralized exchange CowSwap. key point An incorrect multi-signature script resulted in Yearn Finance’s entire treasury balance of 3,794,894 lp-yCRVv2 tokens being exchanged, resulting in a loss of $1.4 million. An error occurred while Yearn was converting LP tokens to stablecoins on CowSwap. The significant decline resulted in a 63% drop in the value…
The Solana Saga phone appears to have sold for $5,000 on eBay, more than eight times its retail price. This is after the device first sold out on the official website due to the craze to receive free Memecoin airdrops. Two unopened basic phones recently sold for $5,000, or “best offer,” and another device sold for $3,316, or “best offer,” according to a Dec. 16 listing on online marketplace eBay.Solana Saga phones have been reselling for up to $5,000 on eBay. Source: eBayAn additional 20 units sold over the weekend for more than $2,000. That’s an increase of more than…
I am a lawyer. As soon as I discovered Bitcoin, I started thinking about how it would change our judicial system, the rule of law, and the way society resolves disputes. This was the subject of Bitcoin Magazine’s first article, and it ended with these words:(W)hile Bitcoin will have a destabilizing impact on the civil justice system in the near term as it continues to decouple the financial core of the system. Bitcoin can be leveraged to replace this system with an improved conflict resolution paradigm. Bitcoin could be a catalyst for better methods of enforcing accountability, but this is…
We are thrilled to announce the 39 grantees selected for the recent Academic Grants Round. This grants round invited researchers, think-tanks, Ph.D. students, and all those interested in advancing knowledge around the Ethereum ecosystem to submit academic proposals. Thank you to all those who submitted proposals, and congratulations to all the grantees. We are pleased with the number of quality applications that we received, which surpassed our initial expectations. Given the extraordinary potential of many project proposals, we have more than doubled the initial budget from 750,000to750,000 to 750,000to2 million. The granted projects vary broadly in scope and geographic representation…