Bitcoin (BTC) has witnessed a massive profit-taking event that rivaled its all-time high of $69,000, a new analysis has revealed.James Van Straten, research and data analyst at cryptocurrency insights firm CryptoSlate, noted in a post on December 5 that billions of dollars are heading to exchanges.Bitcoin speculators are selling as if it has recovered from all-time highs.The BTC price rally recently reached a 19-month high, providing welcome rewards to holders across the board.While veterans have been maintaining their stake in the BTC supply, on the other end of the spectrum, so-called short holders (STHs) have been busy securing a return…
Author: Crypto Flexs
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France’s third-largest bank, Societe Generale, reported that it has issued the first digital green bond as a security token on the Ethereum public blockchain. The bond, registered by Forge, a subsidiary of Societe Generale, was made public on November 30. The bond value is 10 million euros (about $11 million) and has a maturity of three years. “Green” status means that net proceeds are used to finance or refinance products and companies classified in the eligible green activity category. Related: Tether’s ‘new era of capital raising’ Bitfinex bonds stallThe bond’s digital infrastructure provides 24/7 public access to data on carbon…
New York State financial regulator Adrienne Harris argued that the “anonymity element” of cryptocurrencies creates an environment in which they can be used for illicit finance.Speaking at a panel Financial Times Crypto Winter Summit Harris, who oversees the New York Department of Financial Services (NYDFS), said cryptocurrencies “are actually a conducive environment for illicit finance and malicious actors.”“Someone still has to show up at the drop site,” Harris said, pointing out that paying the ransom in cash, for example, “is not the case with digital currency, even though there is an element of traceability.” ”Harris added that the issue of…
Ethereum price is rising above the $2,200 resistance level. ETH is up over 8% and may continue to rise towards the $2,500 resistance in the coming days. Ethereum is picking up speed and recently broke above the $2,250 resistance level. The price is trading above $2,200 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trend line forming with support near $2,225. A break above the $2,275 resistance area could extend the rally. Ethereum price follows Bitcoin Ethereum price started a major rally above $2,000, similar to Bitcoin. ETH cleared…
Web3 developer platform Thirdweb has disclosed major security vulnerabilities discovered in its open source libraries.this vulnerability, a fact that Thirdweb learned on November 20, has implications for several NFT collections, particularly the pre-built smart contracts it offers. However, the company did not clarify which specific collections might be affected.OpenSea, one of the largest NFT trading platforms, responded and noted that some NFT collections on its platform were affected. OpenSea said it is working with these collections to mitigate security concerns. “We have reached out to Thirdweb regarding a security vulnerability affecting some of our NFT collections. Stay tuned for more…
Bitcoin (BTC) and Ethereum (ETH) surged past their respective overhead resistance levels on December 4, indicating that the bulls are in no mood to slow down. The higher the price goes without any meaningful correction, the greater the feeling among traders that they are missing out. When traders pursue price increases, this can lead to explosive highs before a correction begins.Cryptocurrency exchange Bybit said in its fourth quarter report that institutional traders hold 35% of their assets in Bitcoin, 15% in Ethereum, and most of them hold 45% of their assets in stablecoins. Only a very small 5% is held…
Terraform Labs It was a huge blow to Securities and Exchange Commission (SEC) continues its legal battle with the Commission. Lawyers representing cryptocurrency companies have questioned the commission’s actions and used recent cases to support their argument as to why the ruling should be in their favor. Terraform Labs hints at another use case to support motion. in court filing The defendant cited the following dated December 4: SEC lawsuit over digital licensing It is a supplementary body supporting a motion for summary judgment. They asked how the judge in the case, Chief Judge Robert Shelby, made the decision. order…
join us telegram A channel to stay up to date on breaking news coverage Chimpzee is a crypto-based charity engine that promotes good deeds and financial growth through the Web3 ecosystem. The project attracted nearly $2.5 million in investment as investors rushed to take advantage of the pre-sale closing prize structure. Already making a significant financial contribution to charity, this is a passive income project you don’t want to miss. Dip: A philanthropic engine that fuels good deeds and financial growth. Chimpzee is on a mission to change the way we give to charity through the Web3 ecosystem. The project…
A step into the cryptocurrency market Itaú Unibanco, Brazil’s largest private bank, recently entered the Bitcoin industry in earnest. In an important step towards the integration of traditional banking and digital assets, the bank introduced cryptocurrency trading services on December 4, 2023. This event marks an important milestone. This move is in response to the growing demand for cryptocurrencies from high-net-worth organizations and people around the world. Initial offerings and future plans Bitcoin Transaction (BTC) and the most important cryptocurrency, Ethereum (ETH), will initially be available through the site. Guto Antunes, Head of Digital Assets at Itaú Unibanco, revealed that…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Investors continually look for high-growth projects and closely monitor the top 10 lists to identify altcoins with potential. XRP and Ethereum (ETH) recently posted important milestones. Ethereum has surpassed $2,000 and XRP has maintained its position above the $0.62 price range despite widespread market declines. XRP remains above $0.62. XRP is up 53% in the past year, soaring above $0.5 and $0.56. After several failed attempts, it gained momentum again and rose to $0.62. In November, XRP rose 13%…