According to December 4 post According to Salvadoran President Nayib Bukele, El Salvador’s cumulative Bitcoin (BTC) investment currently stands at $131 million, with a net profit of $3.6 million, or a gross profit of 2.84%.“Of course we have no intention of selling. That was never our goal,” Bukele said. “We are fully aware that prices will continue to fluctuate in the future. “This does not affect our long-term strategy.”El Salvador #Bitcoin Investment is profitable!After literally thousands of articles and hits mocking our expected losses, all calculated based on: #BitcoinThe price at the time was…with the present #Bitcoin Market price, if…
Author: Crypto Flexs
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The total value of assets under management for cryptocurrency-related investment products increased 107% to $46.2 billion after the 10th consecutive week of inflows recorded by these products.According to CoinShares’ weekly report, cryptocurrency products recorded strong inflows of $176 million over the past week, bringing total inflows over 10 weeks to an impressive $1.76 billion. The asset manager noted that these sustained inflows are the most significant since October 2021, coinciding with the launch of futures-based ETFs in the US.Notably, these inflows amplified Exchange Traded Products (ETP) volume to approximately $2.6 billion, accounting for 12% of total Bitcoin (BTC) volume.These inflows…
Bitcoin (BTC) faced rapid volatility as the new week began with BTC price action focused on $42,000. Will you be able to endure it?The biggest cryptocurrency, which posted a weekend gain of more than 10%, is still keeping traders guessing its next move.A rise to $40,000 was well expected, but the question now is whether the recent move represents the start of a new trend or, conversely, a new bulltrap.Currently, valuations vary widely, with bullish and bearish views fighting for vindication.Cointelegraph takes a look at the most important support and resistance levels currently underway after the recent BTC price performance…
Ethereum (ETH) price soared today, hitting a 2023 high of $2,250 as the cryptocurrency market continues its upward trend toward a successful year-end. Ethereum’s recent strong upward trend coincides with Bitcoin’s continued attempts to break the $41,000 mark it achieved today. At the time of this writing, the price of Bitcoin was $41.437. Analysts said the approval of BlackRock’s spot Ethereum product would lead to an influx of institutional capital into Ethereum, the second-largest cryptocurrency network globally. Ethereum price surge The most recent chart shows an upward trajectory that has many analysts and investors optimistic that the cryptocurrency will reach…
A widely respected analyst says Bitcoin (BTC) is setting the stage for a surge as one of the leading indicators points to strong momentum for the cryptocurrency asset. In a new thread, macroeconomist and cryptocurrency strategist Henrik Zeberg says 121,200 followers on social media platform Traders watch RSI closely because it can indicate a continuation of a trend. According to Zeberg, BTC’s RSI has been on the rise for the past three times, moving into bullish territory. “BTC: Weekly RSI moves towards ‘strong momentum’. BTC rose strongly for three sessions prior to moving into this area. This time will be…
talk about XRP Exchange Traded Fund (ETF) has made a comeback. This time, a cryptocurrency expert provided insight into what cryptocurrencies are. XRP If that happens, the community can expect it. His focus was on how such an event could send shock waves through the cryptocurrency industry. Analysis of Why the XRP ETF is Huge in post Cryptocurrency researcher ABS of 3T Warrior Academy outlined four reasons why an “inevitable” XRP ETF is important, which he shared on his X (formerly Twitter) platform. The first reason he gave was that this development could attract more institutional investors. He said that…
Estonia-based Atomic Wallet requests dismissal of class action lawsuitThe Estonia-based company Atomic Wallet (1) has filed a motion to dismiss a class action lawsuit seeking $100 million in damages resulting from the hack. Atomic Wallet argues that the lawsuit must be filed in Estonia, where the company is based, because it has “no ties to the United States.”Jurisdiction Objection and Terms of ServiceAtomic Wallet’s dismissal motion highlights that its end-user license agreement explicitly requires that any lawsuits against the company be brought in Estonia. The company claims that the majority of users allegedly affected do not live in the United…
Cryptocurrency inflows from asset managers such as CoinShares, Bitwise, Grayscale, ProShares and 21Shares added $176 million last week, reaching $1.76 billion for the 10th consecutive week, according to CoinShares’ latest report.The run is the largest since the launch of the U.S. futures-based Bitcoin ETF product in October 2021 and represents 4% of the $46.2 billion worth of assets currently under management, said James Butterfill, head of research at CoinShares.Butterfill added that trading volume also remained high, reaching $2.6 billion last week, accounting for 12% of total Bitcoin trading volume. But while assets under management are up more than 100% this…
Domestic financial authorities have established a period for users to report unlicensed cryptocurrency exchanges operating in the country. According to a December 4 update, this latest initiative is a joint effort between the Digital Asset Exchange Association (DAXA) and the Korea Financial Intelligence Unit (FIU). DAXA encompasses the five major domestic virtual asset exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax. The primary purpose is to identify domestic and foreign virtual asset business operators targeting Korean citizens without complying with Article 7 of the Specific Financial Information Act. The process of processing these reports includes an initial review by DAXA…
Today we published This is the second set of vulnerabilities in the Ethereum Foundation Bug Bounty Program! 🥳 These vulnerabilities were previously discovered and reported directly to the Ethereum Foundation. Once a bug is reported and verified, the Ethereum Foundation coordinates disclosure to the affected team and helps cross-check vulnerabilities across all clients. The bug bounty program is currently accepting reports for the following client software: EragonGo to EthereumlodestarnethermindLighthouseprismoceanbesutcloud In addition to client software, the bug bounty program covers deposit contracts, execution layer and consensus layer specifications, and Solidity. 🙏 Repository and Vulnerability List The last vulnerability disclosure has been…