The rise of cryptocurrencies is creating a growing number of millionaires, with Bitcoin (BTC) and Ethereum (ETH) leading the pack. According to Henley & Partners’ Crypto Wealth Report 2024, there are now 172,300 crypto millionaires worldwide, up 95% year-over-year. They hold major cryptocurrencies, particularly Bitcoin and Ethereum, which have seen their value skyrocket. In this article, we look at the crypto millionaire potential of these two major assets and why they could be your ticket to wealth. Bitcoin: The First Crypto Millionaire Maker Bitcoin continues to dominate the cryptocurrency market, accounting for nearly half of all cryptocurrency millionaires, with 85,400…
Author: Crypto Flexs
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Analysts argue that last night’s US presidential debate turned into a ‘news selling’ event, with risk aversion fueled by consensus that Trump’s performance against Harris was below expectations. Bitcoin price has recovered slightly to around $56,400 after falling 2.6% from around $57,700 to $56,100 in the hours following Tuesday’s televised presidential debate. “The US presidential debate was an event to sell news, Trump’s performance was below expectations compared to his previous debate with Biden, and the consensus view seems to be that it hurt him,” Bitfinex analysts said.After the debate, risk-off trading behavior intensified, with analysts emphasizing that a Trump…
The world of cryptocurrencies is evolving rapidly and staking is one of the most popular ways to earn rewards and increase your income. Various platforms offer staking facilities. Among these platforms, CryptoHeap is a leading platform due to the various facilities it offers. In this article, we will provide information on what staking is and how to get started. Staking About CryptoHeap and many other related topics Cryptohip And staking.What is staking?Staking is known as a cryptocurrency involved in the PoS system process, and involves keeping cryptocurrency in a digital wallet for a certain period of time. In this way,…
Louisa Crawford 11 September 2024 15:05 Atomic Wallet has won a ruling to dismiss a $100 million class action lawsuit related to its hack, citing lack of jurisdiction over the Estonia-based company. In a significant legal victory for Atomic Wallet, a U.S. federal judge has dismissed a class action lawsuit against the Estonia-based cryptocurrency wallet provider stemming from a $100 million hack in June 2023. The ruling, handed down by U.S. District Court Judge Philip Bremer on September 10, 2024, noted that the court had no jurisdiction over the company, which has no substantial…
Designed to provide data feeds for every token and real-world asset on every blockchain, Oracle Network DIA is set to revolutionize oracle architecture with the launch of Luminar. The testnet for the Rollup-based network is about to launch. Meanwhile, according to a press release sent to crypto.news on September 11, the launch of Lumina will expand the utility of DIA’s native token. Why Lumina? The blockchain oracle market is dominated by Chainlink (LINK) and Pyth Network (PYTH), but Lumina aims to make inroads by solving one of web3’s most persistent problems: the need for a decentralized and trustless data infrastructure.…
Bitcoin (BTC) extended its decline since Wall Street opened on September 11, as the cryptocurrency market failed to rally despite positive U.S. macroeconomic data.BTC/USD 1-hour chart. Source: TradingViewBitcoin Gives Up $56,000 as CPI Eases Inflation FearsData from Cointelegraph Markets Pro and TradingView tracked BTC price movements as daily losses exceeded 3% due to selling in the United States.Currently below $56,000, BTC/USD ignored the August Consumer Price Index (CPI) numbers, which showed inflation slowing as expected, at 0.2% monthly and 2.5% annually, according to data from the U.S. Bureau of Labor Statistics.“The overall items index rose 2.5% in the 12 months…
According to digital asset tracking site Lookonchain, Hong Kong-based crypto asset management giant Metalpha has deposited $77.55 million worth of Ethereum (ETH) to Binance over the past few days. Metalpa sent a total of 33,589 ETH to the world’s largest cryptocurrency exchange through several transactions, including 10,000 ETH (worth $23.45 million) on Monday. According to Lookonchain, the company still holds 51,300 ETH, worth $120 million. Cryptocurrency trackers point out that other Ethereum whales are accumulating. “A smart whale bought back 5,000 ETH ($11.46M) off the floor in the last two days! This whale bought 5,200 ETH in November 2022 at…
Matter Labs hires former VP of marketing Meghan Hughes. Solana brush -1.66% has been appointed the Foundation’s new Chief Marketing Officer.Hughes previously worked at Google, Layer, and Box, where she helped guide Box from its inception to its initial public offering. She then joined Facebook as its head of communications, then Niantic, then Stripe as its head of marketing, and ultimately became VP of marketing at Solana Foundation.Hughes was brought in to help Matter Labs share its story and elevate its narrative, the company told The Block, noting that she has expertise in go-to-market strategy, product-driven growth, and marketing communications.…
Bitcoin prices fell slightly on Wednesday, as a widely reported inflation gauge showed that U.S. consumer prices rose less than expected in the 12 months through August.The Bureau of Labor Statistics (BLS) reported Wednesday that the consumer price index (CPI) rose 2.5% for the year. Economists had expected the index, which tracks price changes in a basket of goods and services, to rise 2.6% from a year earlier.Monthly inflation rose 0.2% in August, matching the CPI increase in July. Before that, consumer prices fell 0.1% in June, sending the CPI into negative territory for the first time since 2020.Immediately after…
Louisa Crawford Sep 6, 2024 07:54 The SME Lending Joint Task Force of the Hong Kong Monetary Authority (HKMA) and the Hong Kong Investment Board (HKAB) held its inaugural meeting to address SME financing challenges and enhance communication with the commercial sector. The Joint Task Force on SME Lending, established by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Banking Association (HKAB), held its inaugural meeting on 5 September 2024. According to the Hong Kong Monetary Authority, this key session aimed to address the challenges faced by SMEs in accessing and maintaining…