If you’re someone with any amount of experience in handling crypto, you’ll know that blockchains can often be a little limited regarding how users can spend their tokens. This is because blockchains are isolated and restricted to their own devices; but two platforms which are attempting to change that are Polkadot (DOT) and Chainlink (LINK). These networks allow blockchains to communicate outside of their usual comfort zone, both on the web (on-chain), and in the real world (off-chain). Both have already proven to be some of the biggest players for ushering in a new wave of decentralization, but what exactly makes them…
Author: Crypto Flexs
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Caroline Bishop January 14, 2025 05:11 The Hong Kong Monetary Authority and the People’s Bank of China have announced new plans to deepen financial cooperation and solidify Hong Kong’s role as a global offshore RMB hub. The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) have announced a series of strategic measures to strengthen financial links between Hong Kong and mainland China. According to the Hong Kong Monetary Authority, the plan is designed to strengthen Hong Kong’s position as a leading offshore yuan (RMB) business hub. Yuan Trade Finance Liquidity…
Santiment, a prominent cryptocurrency analysis platform, is warning that several altcoins may be sending bearish signals. In a post on social media platform Generally speaking, the transfer of coins to an exchange is bearish because it means more supply can be sold on the open market. Other coins sending bearish signals include the governance token of cloud-based blockchain platform Onyxcoin.(XCN) is the native asset of Lido DAO (LDO), an automated staking service, and the utility token of digital asset exchange Crypto.com (CRO). “You are seeing over $1 million worth of coins moving to exchanges across multiple cryptocurrencies that may not…
james ding January 14, 2025 05:37 The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent websites and internet banking login screens impersonating Bank of East Asia, urging customers to be cautious. The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent websites and internet banking login screens linked to The Bank of East Asia, Limited. This fraud came to the attention of the HKMA, which issued an official warning to the public about the potential risks. Details of the fraudulent activity According to the HKMA, fraudulent websites and…
Jupiter broke above local resistance at $0.95, and the price was just below $1.15 resistance at press time. There is a possibility that it may fall to $1.06 in the near future. Jupiter (JUP) returned 36.76% on Saturday, January 18th. In the last 24 hours, Jupiter’s daily trading volume has increased by 34% and its daily trading volume has increased by 678%. This appeared to be a strong bullish signal for altcoins. The altcoin market structure was strong on both the daily and 4-hour charts. However, there is a possibility of a reversal in the $1 direction. How deep can…
Suspicious trading activity has emerged as the market cap of U.S. President-elect Donald Trump’s Solana-based official TRUMP memecoin soars to $42 billion, sparking a frenzy among retail investors.On January 18, on-chain analytics firm Bubblemaps investigated a cryptocurrency wallet that received $1 million in funding four hours before the launch of the TRUMP token. On-chain data shows that the wallet purchased $5.9 million worth of TRUMP tokens in its first moments of launch and later sold $20 million while holding $96 million worth of tokens. TRUMP tokens were then routed through the wallet and distributed to 10 other wallets, and are…
Louisa Crawford January 14, 2025 06:43 Discover expert insights on how to build a social media presence in the Web3 space, including tips from industry leaders on how to optimize your online profile and communicate effectively with your audience. Mastering Social Media in the Digital Age Building a strong social media presence is becoming increasingly important in the rapidly evolving Web3 environment. According to a16z crypto, understanding how to effectively navigate social media platforms can greatly improve your online profile and expand your reach. These insights were shared in a recent podcast episode featuring…
Timothy Morano January 14, 2025 07:21 Bitcoin fell 15% as U.S. Treasury yields rose and the Justice Department planned a large-scale Bitcoin liquidation, impacting market dynamics. Bitcoin (BTC) has recently faced severe market turmoil, according to a report from Bitfinex Alpha. The cryptocurrency fell to a low of $91,430 last week, down more than 15% from its all-time high of $108,100 observed in December 2024. The sharp decline is due to heightened investor caution due to a surge in U.S. Treasury yields and continued capital outflows. Spot Bitcoin ETF. Market Impact and Response With…
Bitcoin (BTC) has recovered to the $105,000 level after rising 5.1% over the past 24 hours. As of press time, the flagship cryptocurrency is trading at $105,505, with a 10% increase in registered prices in the memecoin segment. BTC began a sharp correction last week following stronger-than-expected US labor market data. From January 7 to 13, it recorded a 10% decline from the $101,000 price range to the low of $90,000.However, the US consumer price index in December is estimated to have increased by 0.4% compared to the previous month. This has raised expectations of an interest rate cut in…
Venture capitalist Chris Burniske believes cryptocurrencies will soon enter uncharted territory as the United States welcomes Donald Trump’s election as president for a second time. Burniske told his 317,600 followers on social media platform BTC’s four-year cycle is based on a halving event, where Bitcoin miners’ rewards are halved every four years. In the past, halvings have been correlated with parabolic rallies in Bitcoin, as a drop in new BTC emissions creates an imbalance between supply and demand. Bernisk says: “Continue to believe that BTC is likely to break the simple four-year cycle it has followed for the past 12…