Author: Crypto Flexs

There are times when you have to go out to the market, and there are times when you have to watch from the sidelines.The last two months have been a good example of what to watch and observe in the cryptocurrency markets. In our previous Altcoin report, we stated that we expected the cryptocurrency markets to continue to decline throughout the summer and that we did not expect a reversal until at least mid-to-late September.Here’s a summary of the cryptocurrency market over the past two months:July 2024:July saw a sustained downward trend compared to the previous month, with major assets…

Alvin Lang 17 Aug 2024 04:03 The Hong Kong Monetary Authority (HKMA) recently discussed the stability of the Hong Kong dollar and economic challenges at a subcommittee meeting of its Monetary Policy Committee. The Hong Kong Monetary Authority (HKMA) recently released the minutes of the Foreign Exchange Fund Advisory Committee Monetary Committee Subcommittee meeting held on 5 July 2024. According to the HKMA, the discussions focused on the stability of the Hong Kong dollar (HKD) and the broader economic situation. Currency Committee Operations During the review period from 25 April to 25 June 2024,…

Cryptocurrency investor Arthur Cheong says the “smart money” appears to be accumulating one solid altcoin recently. Qing told his 172,200 followers on social media platform X that Millionaire Wallet was gobbling up the native token of Aave (AAVE), a decentralized finance (DeFi) lending platform, amid a sharp decline in token supply on cryptocurrency exchanges. “Over the past 30 days, the total supply of AAVE on exchanges has decreased by approximately $18.4 million. Even in some smart money wallets, we have seen a significant accumulation of low numbers below 7.” Source: Arthur Cheong/X At the time of writing, AAVE was trading…

Key Points Optimism about authorized fraud prevention has turned around as vulnerabilities are discovered in audits. A hard fork named “Granite” is scheduled for September 10th to update the Optimism network. Share this article Optimism has reverted the network to a permissioned state after a community-led audit identified several bugs, including two serious issues in the recently released permissionless fraud prevention system.The Optimism Foundation said in announcing the rollback for X that they were moving “extremely cautiously” to avoid potential instability while the vulnerability was patched.In March, Optimism began testing its fault-tolerant system on Ethereum’s Sepolia test network to strengthen…

Peter Zhang 17 Aug 2024 04:45 The SFC is looking to streamline the investment process by starting consultations on ways to scrap mixed media proposals. According to apps.sfc.hk, the Securities and Futures Commission (SFC) has announced a public consultation on a proposal to eliminate mixed media offers (MMOs) from the investment process. The measure aims to streamline the way investment offers are presented to the public, thereby increasing efficiency and clarity. Background and rationale Mixed media offerings, where issuers can provide documents in both electronic and printed formats, have been essential in the investment…

AVAX active addresses have recently increased by 34.46%. A key support level of $19.48 could start a reversal. Avalanche (AVAX) has seen increased on-chain activity recently, which could be an indicator of renewed investment interest in the altcoin. AMBCrypto looked at Coinglass data and found that active AVAX addresses surged by 34.46%, indicating that more investors are starting to use the Avalanche network. Source: IntoTheJacket AVAX volume trading increases Along with the increase in active addresses mentioned earlier, large transactions increased by 9.45%. This often indicates an increased presence in the market of whales or institutional investors. As both retail…

Please refer to our Privacy Policy, Terms of Use, cookie, and Do not sell my personal information has been updated.Coindesk is Award winning A media outlet covering the cryptocurrency industry. Its journalists adhere to the following: Strict editing policy. November 2023CoinDesk has been acquired. Owner of Bullish Group stress, A regulated digital asset exchange. Bullish Group is majority owned by: Block.one; both companies understanding We are engaged in various blockchain and digital asset businesses and hold significant amounts of digital assets, including Bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect the independence of its journalism.…

Darius Baru 17 Aug 2024 05:18 Canaan Inc. announced its participation in Rosenblatt’s 4th Annual Technology Summit focusing on AI and Bitcoin Mining ASICs. Canaan Inc. (NASDAQ: CAN), a prominent provider of high-performance computing solutions, has confirmed its participation in Rosenblatt’s fourth annual technology summit. Themed “The Age of AI,” the summit will be held virtually and will feature a panel discussion on the evolution of Bitcoin mining ASICs. Event Details According to PRNewswire, Canaan’s management will hold one-on-one meetings with institutional investors during the event. The panel discussion, titled “The Evolution of Bitcoin…

Dogwhipheart (WIF), the fourth largest crypto coin by market cap, is looking to erase the recovery it made following the crypto market crash on August 5. WIF has fallen by about 30% from its August 9 high of around $1.95, falling to $1.36 as of August 17.WIF/USDT daily price chart. Source: TradingViewWIF crashes along with other Mimecoins. The price decline of WIF is accompanied by similar declines in other top memecoins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). For example, DOGE, the largest memecoin by market cap, has fallen by around 10% over the past nine days.Top memecoin…

August 16th How does Mi Primer Bitcoin plan to expand its Bitcoin education activities? Posted at 13:46h In education By administrator Mi Primer Bitcoin is a non-profit organization providing Bitcoin education. Originally founded in El Salvador, it has now expanded globally in over 20 countries through a decentralized “Light Node” network. This network empowers local educators to teach financial literacy and Bitcoin knowledge in their communities using Mi Primer Bitcoin’s open source curriculum materials (e.g. Bitcoin Diploma program). The organization aims to educate 100,000 students worldwide through crowdfunding via Geyser Fund, ensuring independence and adherence to its core values. Mi…