Bitcoin (BTC) has gained a new generation of “hodlers” over the past three years as stubborn investors refuse to sell.Data from the popular HODL Waves indicator shows that people who bought Bitcoin at the end of 2020 are still holding their coins.The BTC price needs to be “much higher” for holders to sell.A group of long-term investors in Bitcoin, also known as long-term holders (LTHs), are unwilling to reduce their exposure despite a bull run in 2023.HODL Waves, which groups BTC supply based on the time elapsed since each coin last moved, shows significant increases in certain age groups over…
Author: Crypto Flexs
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As cryptocurrency exchanges strive to serve a broader market, a new feature in Coinbase Wallet allows you to transfer cryptocurrencies via links that can be sent through some of the most popular social media sites and messaging apps. .In a blog post on December 5, Coinbase named apps such as iMessage, Telegram, WhatsApp, Facebook, Instagram, and TikTok. “Users can now send money on any platform where they can share a link,” he said.There are no payment fees when sending USD Coin (USDC), a US dollar stablecoin Coinbase jointly launched in 2018 with issuer Circle. Send money anywhere you can send…
Sotheby’s New York has announced a pioneering online auction titled “BitcoinShrooms: An Ordinals Auction” scheduled to take place from December 6-13, 2023. This event marks a notable development in the digital art sector as Sotheby’s enters the Bitcoin space. Ordinals, a relatively new form of non-fungible token (NFT) with a collection created by digital artist Shroomtoshi. Shroomtoshi’s BitcoinShrooms collection is an upcoming NFT project within the Ordinals space that features a series of pixelated works of art that explore the complex tapestry of Bitcoin’s history, culture, and technological evolution. The artist, who has chosen to remain anonymous in the vein…
Hong Kong’s Securities and Futures Commission (SFC) has banned two cryptocurrency websites citing fraudulent users. HongKongDAO and BitCuped were blocked after joint efforts by police and internet providers. The two incidents come not long after investors lost more than HKD 1.6 billion ($204 million) on JPEX and Hounax. Hong Kong’s Securities and Futures Commission (SFC) has reportedly banned two cryptocurrency websites for allegedly defrauding investors. The South China Morning Post reported Wednesday that the HongKongDAO and BitCuped sites were blacklisted by the securities watchdog after authorities were informed that they were misleading investors. It was reported that . HongKDAO promotes…
Posted 1 minute ago In ~ Investing app Robinhood today announced the launch of its cryptocurrency trading app in the European Union.The app is scheduled to launch in Europe on Thursday and will have over 25 tokens available to investors, including BTC, ETH and SOL.The company launched its brokerage service in the UK just over a week ago, after two failed attempts. One of them involved the acquisition of British cryptocurrency startup Ziglu, but that deal ultimately fell through.In today’s announcement, Robinhood said its platform is the only one on the market that offers to repay customers a percentage of…
The Call for Code Global Challenge, now in its sixth year, was launched in February 2023 with a focus on developing AI-based technology projects that address sustainability and climate change. Hosted by Call for Code author David Clark Cause, IBM Founding Partner, UN Human Rights Philanthropy Partner, and Linux Foundation Program Affiliate, this year’s challenge saw a significant change in format from a single annual competition to quarterly “Challenge Rounds.” All year round. The 2023 Call for Code hackathon winners, announced by the organizing body on December 6, were AGNO from Hexaware Technologies, Phyto from the University of Sydney, and…
Quantum computing is emerging as a powerful force that poses a serious threat to the security of Bitcoin and other cryptocurrencies.In this article, we explore how advances in quantum computing could soon make Bitcoin’s cryptographic defenses vulnerable, signaling a pivotal moment for the future of digital currencies.A quantum leap in computingQuantum computing represents a huge leap forward from classical computing. Unlike classical computers, quantum computers use qubits, allowing them to process complex calculations at unprecedented speeds. Current quantum computers, such as IBM’s, are in their early stages using a limited number of qubits, but rapid progress is expected over the…
Jamie Dimon, the powerful CEO of JPMorgan Chase, has once again launched a verbal attack on cryptocurrencies in a fiery declaration that reverberated throughout the financial landscape. Dimon, who is known for speaking his mind, bluntly called for a total ban on digital currencies, linking them to criminal activity. The CEO did not hold back on speaking at the Senate hearing along with seven other heads of large banks. “If I were the government, I would shut it down.” In response to a question from Senator Elizabeth Warren, he said he was firmly opposed to all forms of cryptocurrency, including…
More than a third of Bitcoin holders would be reluctant to sell even a small portion of their Bitcoin, even if the price reaches $1 million. Moreover, on-chain analysis confirms that more Bitcoin supply is becoming dormant as holders refuse to sell. On December 6, MicroStrategy CEO Michael Saylor conducted a survey among his 3 million X followers, asking them how high BTC would have to go before selling some of their holdings. Strengthening the Bitcoin Hodl Narrative Surprisingly bright-hearted. vote In less than a day, we received over 87,000 responses. The 36.6% who responded with $1 million or nothing…
Anatoly Legkodymov, the Russian co-founder of Hong Kong-registered virtual currency exchange Bitzlato, pleaded guilty to money laundering offenses in a New York court on Wednesday, the U.S. Attorney’s Office for the Eastern District of New York said.Legkodimov was scheduled to appear in a Brooklyn courtroom before U.S. District Judge Eric Vitaliano at 2:30 p.m. ET, Reuters reported this morning.“Legkodimov’s guilty plea today confirms that he was well aware that his cryptocurrency exchange, Bitzlato, was being used as a public revolving door by criminals seeking to take advantage of his lax control over illicit financial transactions,” said U.S. Attorney Breon Peace.…