Author: Crypto Flexs

As the year approaches, the regulatory environment for the Asian cryptocurrency industry has seen significant developments, including: growing momentum. Hong Kong, in particular, has been at the forefront of efforts to establish itself as a hub for cryptocurrency and Web3 innovation. Below is a roundup of the major cryptocurrency developments in Asia this year.Hong Kong — Web3 hub in the makingHong Kong in June It has officially launched a cryptocurrency licensing regime for virtual asset trading platforms, allowing licensed exchanges to offer retail trading services. The regulator has granted the following licenses: hashish and OSL.Hong Kong Securities and Futures Commission…

A cryptocurrency strategist who follows closely believes that one Ethereum (ETH) competitor that is flying under the radar will see a big surge in its market capitalization. Pseudonymous analyst The Crypto Dog tells his 750,500 followers on social media platform X that smart contract platform Near (NEAR) is currently trading below fair value. According to cryptocurrency traders, Near has the fundamentals to compete for a spot in the top 10 digital assets by market capitalization list. “I was targeting ~$3 but I was starting to think NEAR would not go any lower. It’s still incredibly underrated and a top 10…

Amid significant legal developments in the bankruptcy case of now-defunct cryptocurrency exchange FTX, blockchain payments company Ripple has won its claim for FTX assets. In particular, Ripple Singapore party Legal battle brings claims against Alameda assets. Ripple Singapore Claims Rights to FTX Assets that much filing The U.S. Bankruptcy Court for the District of Delaware said the debtors involved in the case had amended their proposed bankruptcy filings. order form To address informal comments submitted by Ripple Labs. The revised order, which received no objections from Ripple Labs, the Trustee’s Office, or the Official Committee of Unsecured Creditors, is currently…

The native token of Casey Rodarmor’s Ordinals Protocol recorded a double-digit price rise in a 24-hour period over the holidays, along with other BRC-20 cryptocurrencies. According to CoinMarketCap, ORDI rose 37% on December 25th with daily trading volume and market capitalization moving in tandem. Traders exchanged more than $900 million worth of cryptocurrencies, up 131% from the previous day. The cryptocurrency has a price tag of $72 per token, as its market cap has increased by 35% and surpassed $1.5 billion at press time. Several other Bitcoin (BTC) epitaph coins were also pumped during what could be a profit cycle…

The RWA market is huge and tokenization is just beginning. This move will forever change the way people view and approach investments, whether they be commodities, real estate, art, rare whiskey or any number of other commodities that have historically been bought and sold in opaque over-the-counter or broker- and auction-driven markets.

Revolut expects sales to continue growing in 2023. British online banking company Revolut finally released its delayed 2022 annual financial earnings report on Friday, December 22. The company reported a significant 45% increase in sales this year, reaching 922.5 million pounds, worth $1.2 billion. This reduced pre-tax loss to 25.4 million pounds ($32.2 million), a notable change from the 2021 recalculated profit of 39.8 million pounds. Revolut’s 2022 Financials The 2022 performance results come after the company received approval from government body Companies House in September to extend its 2023 financials until December. With just days left until the December…

Axie Infinity was one of the biggest gainers on Christmas, up 21% today and 51% over the past week. This significant increase makes Axie Infinity the second highest gainer in the cryptocurrency market today, right behind ORDI. The driving force behind this surge is the latest major game update that has the potential to attract more players. The main feature of this update is the evolution of Axies, which some users consider similar to Pokémon. Players can now evolve their Axies with more features and abilities. This update process is more than just a cosmetic change, as it fundamentally changes…

reporter Posted on: December 26, 2023 Ethereum’s expected leverage ratio has fallen. Combined with other indicators, the inference is that bullish certainty is declining. In a report last week, AMBCrypto highlighted that Ethereum (ETH) has underperformed Bitcoin (BTC) in recent weeks. AMBCrypto compared December performance and found that ETH was up 11.3% at press time, while BTC was up 14.8%. This meant that market participants had good reason to question short-term ETH holdings. AMBCrypto says evidence of this exists in the form of a decline in expected leverage ratios (ELRs). This indicator warrants close scrutiny and could shed light on…

Ethereum price is consolidating gains below the $2,350 resistance zone. ETH may revisit the $2,200 support before starting a new increase. Ethereum still holds gains above the $2,250 support zone. The price is trading below $2,280 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 $2,290. The decline could extend and revisit the $2,200 support zone. Ethereum price remains within a certain range Ethereum price began a downward correction at the $2,350 level. ETH fell below the $2,320 and $2,300 levels. It even surged below…

According to on-chain data, more than 70% of Ethereum supply has seen no movement in over a year, a new record for the network. Ethereum HODLers now control over 70% of the asset’s supply. According to data from market intelligence platforms: Into the BlockTotal supply owned by long-term ETH holders has reached a new all-time high. The analytics firm defines a “long-term holder” (LTH) as an address that has been holding coins for at least a year. Statistically, the longer a holder keeps their coins, the less likely they are to sell them at any point. Therefore, LTH is the…