Cryptocurrencies have become more instantaneous with fiat-to-crypto exchanges now possible. Nimiq Oasis allows these exchanges using SEPA transfers from all European banks with instant transactions, along with Germany’s TEN31 Bank. According to a press release detailing the launch, it is “designed to provide users with a secure and decentralized experience, and Nimiq has made Oasis the perfect non-custodial bridge between fiat and cryptocurrencies.” Launched in 2017, Nimiq was designed to improve the usability and accessibility of blockchain. Philipp von Styp-Rekowsky, technical leader and co-founder of Nimiq, discussed their ambitions. “We started the Nimiq project to make cryptocurrencies accessible and safe…
Author: Crypto Flexs
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Celsius, a cryptocurrency lender that filed for bankruptcy last summer, has started allowing withdrawals for some users.Customers of the custody program who hold a “Class 6A general custody claim” and/or a “Class 6B withdrawable custody claim” will be able to begin withdrawing funds from the platform on or around November 29, according to court documents. They have until February 28th to make a deal. Eligible users can withdraw 72.5% of their cryptocurrency, excluding transaction fees, if they have not previously participated in a custody agreement. Clients who voted to reject the restructuring plan will not participate in this distribution and…
On-chain data shows that the last Chainlink signal reversed before the asset price rose 31%. The Chainlink Lifetime Consumption indicator has recently observed a sharp spike. According to data from on-chain analytics firm st tly, LINK has recently seen significant movement in older coins. The relevant indicator here is “Age Consumed,” which tells you whether dormant Chainlink tokens are currently moving. A large spike in the value of an indicator is a sign that the blockchain is currently observing the movement of a significant number of older coins. These dormant tokens belong to a group called “long-term holders” (LTHs), made…
A recent report from Project Tourbillon, led by the Bank for International Settlements’ Innovation Hub, shows that significant progress has been made in balancing privacy and transparency in CBDCs. Project Tourbillon, an initiative led by the Swiss Bank for International Settlements (BIS) Innovation Hub, has made significant progress in the area of central bank digital currencies (CBDCs). The main focus of this project is maintaining user privacy in digital currency transactions, which is an important and complex issue in the digital financial environment. The recently released final report of Project Tourbillon reveals a nuanced approach to privacy in CBDC transactions.…
Ethereum formed a “golden cross” pattern on a weekly basis, marking the second such signal this year. If history repeats itself, the long-term impact could be very positive, but there are reasons to temper expectations. A weekly golden cross has formed | ETHUSD on TradingView.com Possible targets for Ethereum Golden Cross and new ATH There is 1W ETHUSD Formed the Golden Cross A golden cross is a buy signal in a moving average based trading system. This suggests that the trend is moving in an upward direction and this is noteworthy as trends tend to persist. A golden signal occurs…
The cryptocurrency market has seen renewed interest recently, with major coins like Bitcoin surging alongside meme coins like Dogecoin. In this analysis, we will look at the latest price movements and developments for three major meme coins: Shiba Inu (SHIB), BonkCoin (BONK), and Dogecoin (DOGE). Shiba Inu (SHIB) SHIB attempted to break out of the downward trend, but failed again due to Bitcoin correction SHIB price fell 1.08% to $0.00000822. Possible retest of lows in November The future seems uncertain. The rally could be the start of an uptrend or could be driven by Bitcoin spot hype. Shiba Inu Price…
Solana’s native token, SOL (SOL), was trading at $58 on November 28 with a significant gain of 5.5%. This increase follows a retest of the $54 support level on November 27. While some attribute SOL’s rise to the performance of the broader cryptocurrency market amid a worsening macroeconomic environment, the Solana network and its ecosystem have also played a significant role in driving the price rise.US Dollar Index (DXY). Source: TradingViewOn November 28, the US Dollar Index (DXY), which measures the strength of the US dollar against major fiat currencies, hit a three-month low. Investors are increasingly betting that the…
Summary Just like that, cryptocurrency and non-fungible token (NFT) digital donations are now the fastest-growing new type of donation to charities around the world. Consider these 2 top points:1. Over $300M in crypto has been gifted in the last year, and most recipient nonprofits have opted to auto-convert cryptocurrency to dollars or equivalent upon donation.2. More sophisticated ways to receive crypto gifts, like endowments and trusts, can hold cryptocurrency for future conversion. This article is for donors – it explains the benefits of making crypto donations, and describes some of the options for more sophisticated and impactful giving.Two related articles…
The Treasury Department said North Korean cybercriminals used Sinbad to launder hundreds of millions of dollars stolen in some of the biggest cryptocurrency hacks, including Ronin Bridge and Atomic Wallet. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against Sinbad, a cryptocurrency mixing service known to be used by bad actors such as North Korea’s Lazarus Group to launder digital assets. According to a November 29 statement, Sinbad’s platform has racked up hundreds of millions of looted cryptocurrencies in some of the biggest cryptocurrency exploits, including the $600 million Axie Infinity Ronin Bridge hack, the $100…
While the number of leaders and founders celebrated has declined in the past cryptocurrency bull market, Forbes has not been shy about honoring cryptocurrency experts with its most recent “30 Under 30” of North American financial leaders.Almost half of the slots were filled by professionals working in or related to cryptocurrencies.Chipper Cash co-founder Ham Serunjogi took first place. According to Forbes, the 28-year-old company serves more than 5 million customers in seven countries, including South Africa, Nigeria, the UK and the US, who use it to trade or make payments with cryptocurrencies. Serunjogi and his co-founder Majid Moujaled launched Chipper…