Author: Crypto Flexs

Bitcoin hit new peaks this week, pushing its ratio to gold to record levels as investors continue to pile up on the digital asset through the end of the year.The ratio, which measures how many ounces of gold one bitcoin can buy, reached an unprecedented level on Monday, rising to 37.3. This means that one Bitcoin can now purchase approximately 37 ounces of gold. This is a new historic high. Currently, this figure is roughly half a point higher compared to the figure witnessed during the cryptocurrency’s previous bull run in November 2021, at 36.7.“Reaching new highs signals the continued…

reporter Posted on: December 17, 2024 BNB went back to $700 as take profits increased. Will it fall due to weak sentiment and muted whale interest? Binance (BNB) It soared to nearly $800 in December before cooling off. At press time, the altcoin had fallen to $700, indicating increased profit-taking after hitting an all-time high of $793. But can altcoins defend $700 ahead of the Federal Reserve’s interest rate decision this week? BNB Price Prediction: Will $700 Hold? Source: BNB/USDT, TradingView Since November, BNB’s price action has formed an upward channel. The last two price consolidations near the 4-hour 50EMA…

Ether.Fi, a decentralized finance (DeFi) protocol, has proposed allocating a portion of its protocol revenues to buying back native ETHFI tokens and distributing them to stakers, according to a post on Ether.Fi’s community governance forum. Ether.Fi allocates 5% of protocol revenue to purchase ETHFI and distribute it as rewards to ETHFI stakers “to strengthen the utility of ETHFI, strengthen the marketplace, and align user incentives with the growth of Ether.” .Fi ecosystem,” he said in a December 16 post. The Ether.Fi team described the 5% revenue allocation as a “starting point” and noted that rewards will initially only be available…

Introduction: Why El Salvador is Attracting Cryptocurrency InterestIn 2021, El Salvador made headlines around the world by becoming the first country to adopt Bitcoin as fiat currency. The groundbreaking move, driven by President Nayib Bukele’s ambitions to modernize the country’s economy, has sparked excitement among cryptocurrency enthusiasts and skepticism among traditional financial experts. Among those cheering loudest were Bitcoin advocates Max Keizer and Stacy Herbert, who defended El Salvador’s bold experiment as a potential game-changer for the global financial system.This reimagining of the country’s financial system has far-reaching implications not only for El Salvador but for the global cryptocurrency ecosystem.…

President-elect Donald Trump’s cryptocurrency project World Liberty Financial (WLFI) is loaded with decentralized finance (DeFi) altcoins, on-chain data has shown. Blockchain intelligence platform Arkham reported that WLFI’s treasury has acquired $50 million worth of various DeFi coins as it prepares for launch. “Update: Donald Trump’s WORLD LIBERTY FI acquires $50 million in DEFI coins. World Liberty Finance Treasury has just acquired: ETH/WETH $35 millioncbBTC $10 millionLINK OF 1 MILLION DOLLARSAAVE $1 million Does Trump Have DeFi?” Source: Arkham/X WLFI launched its token sale in October. The project originally stated that 63% of all WLFI would be sold to the public,…

Yorg Healer December 16, 2024 02:12 𝕏’s AI model, Grok-2, is now 3x faster and supports multiple languages, improving the user experience with features like web search and image generator. According to x.ai, the Grok-2 AI model on the 𝕏 platform has been significantly improved. The updated version is reported to be three times faster and offers improved accuracy along with improved instruction-following capabilities. Notably, this model now supports multiple languages, expanding its accessibility and usability to a diverse user base. Improved features and performance Grok-2 has been under continuous development since its August…

Current location: house » How to Avoid Cryptocurrency Scams During the Holidays in 2 Minutes author Last updated date: December 16, 2024 Fact Checker’s full profile Author’s full profile A new type of cryptocurrency scam is on the rise. “pigsticking.” These sophisticated fraudsters replace the old Ponzi approach with cunning, personalized tricks that fool even the savviest market participants. Here’s what to look for: Learn how to avoid these scams in 2 minutes. What is the new pig slaughtering cryptocurrency scams? The “pig slaughter” plan is as evil as it sounds. Fraudsters weave a web of trust across social platforms…

Forget ugly sweaters and fruitcakes. This Christmas it’s all about Bitcoin bling and blockchain fun. Whether your loved one is mining cryptocurrency under the mistletoe, using non-fungible tokens like Christmas ornaments, or staking tokens while sipping eggnog, Cointelegraph’s 2024 Christmas Gift Guide is the perfect gift to brighten their holiday. Give gifts. Here are 13 Web3 gifts to round out for cryptocurrency enthusiasts this holiday season. 1. Cryptocurrency phones are the gift that keeps on giving Solana’s second-generation phone, “Seeker,” features features such as a cryptocurrency wallet, NFT marketplace, and DApp integration.Seekers’ predecessor, Saga, is known for offering lucrative airdrops…

contributor Posted on: December 16, 2024 Bitcoin hit $106,000 due to Trump’s Bitcoin reserve offer. A Federal Reserve interest rate cut could increase Bitcoin demand. The cryptocurrency market is abuzz with President-elect Donald Trump’s proposal to establish a strategic Bitcoin (BTC) reserve in the United States. With this proposal, Trump captured the attention of investors and sparked optimism about Bitcoin’s future. On December 15, Bitcoin reached a new milestone above $106,000, peaking at $106,488 before stabilizing at $104,518. The significant price surge comes as investor interest grows due to the possibility that Bitcoin could soon become part of the U.S.…

HighlightsThe UK’s Financial Conduct Authority has launched a new consultation proposing a ban on public cryptocurrency offerings by unregulated entities.The consultation is expected to be completed in March 2025, and the market watchdog will implement the draft regulations by 2026.The move builds on existing restrictions on the promotion of unregistered cryptocurrencies to UK residents. The UK’s Financial Conduct Authority (FCA) has published a new consultation document proposing a complete ban on the issuance of cryptocurrencies by companies outside its jurisdiction. The move is part of the country’s efforts to strengthen its grip on the rapidly evolving cryptocurrency sector. The proposal,…