Cryptocurrency

The Future Of Fintech token, which began circulating on December 7, 2021, remained static at $0.26 or an equivalent amount in Bitcoin on major exchanges today. The token showed no change from the past week and currently has a market capitalization of $811.50 million with a modest trading volume of $1.30 for the day.Future Of Fintech targets the DeFi, Metaverse, and NFT sectors within Binance’s BNB ecosystem. The FOF tokens are used for project exchanges but cannot be directly purchased with USD; interested parties need to acquire Ethereum or Bitcoin through exchanges such as Gemini, GDAX, or Coinbase (NASDAQ:COIN) before they can trade for FOF tokens.Investors and enthusiasts can find more details about Future Of Fintech’s role in decentralized finance on their official website fofmine.com or by following their social media presence on Twitter (@fofcoin).This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Cramer’s change of heart is particularly striking considering his previous advice. In December 2022, he urged investors to sell Bitcoin when it was trading at $17,150—a position proven to be less favorable as Bitcoin’s value has since climbed by over 115%. The rise in the cryptocurrency’s price is contributing to gains for Bitcoin mining companies as well. CleanSpark (NASDAQ:CLSK) Inc., for instance, saw its shares jump by 7.28% in a single day and 21% over the past five days, attributed to operational expansions and efficiency improvements ahead of an anticipated halving event. Other mining entities like Riot Platforms (NASDAQ:RIOT) and Hut 8 Mining Corp are experiencing similar positive momentum.The cryptocurrency market is currently awaiting a decision from the U.S. Securities and Exchange Commission (SEC) regarding a spot Bitcoin ETF, which could potentially fuel further growth. This situation underscores the volatile nature of the crypto market and the challenges it poses to traditional financial analysts’ ability to make accurate predictions. Cramer’s latest advice reflects a growing recognition of cryptocurrency as a viable investment option for those who believe in its long-term potential.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

In the X post, Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in U.S. dollar liquidity. He suggested BTC will likely mirror the rise in dollar liquidity, leading to an increase in its price.Continue Reading on Cointelegraph More

The tweet mentioned that in the previous week, Cathie Wood had attracted attention for promoting unrealistic BTC predictions, suggesting a surge beyond $1,480,000. In contrast to her public bullish stance, ETF Trading data indicated that she had been discreetly offloading more than 700,000 shares of Bitcoin Grayscale Trust through her Ark ETF, resulting in a significant reduction in Ark’s BTC exposure.The tweet drew parallels with a similar scenario in 2021 when Woods was encouraging people to buy Tesla (NASDAQ:TSLA) shares and setting ARK’s price targets at $3,000, all while covertly reducing their positions by -84%. The current situation, as speculated by the tweet, raises questions about the transparency of Wood’s investment strategy and the potential impact on Ark Invest’s overall portfolio performance.Interestingly, Ark Invest has submitted an application for a spot Bitcoin ETF, and Wood highlighted a noteworthy development with the Securities and Exchange Commission (SEC). Instead of an outright rejection, the SEC followed up on Ark’s latest application with questions, leading Wood to speculate that “something has changed” in the regulatory landscape. According to Wood, this change increases the likelihood of the spot Bitcoin ETF gaining approval.This article was originally published on U.Today More

In a statement sent to Cointelegraph, Azuki developers said the DAO will rebrand into a memecoin project and become part of the Ethereum layer-2 Blast ecosystem. Developers also claims that Bean has also secured $10 million from “prominent investors” for its development and acceleration within the Blast ecosystem.Continue Reading on Cointelegraph More

This “whale,” a term affectionately given to large-scale holders of cryptocurrency, originally acquired 100,000 ETH at the nascent stage of Ethereum’s life, during the initial coin offering (ICO). With the ICO price around $0.31, the cost basis of this investment was a mere $31,000, a sum that pales in comparison to the current valuation of these assets.The timing of such a move is critical. The price chart shows the currency testing a resistance point, attempting to sustain its momentum above the $2,000 mark. The emergence of such a significant player, particularly one initiating transactions of this magnitude, could signal to the market a shift in sentiment or liquidity that may catalyze further price action.While the transfer of 20,000 ETH is substantial, the current market cap is vast enough that such a transaction alone is unlikely to cause disruptive market waves. However, it does bring attention to the potential for large holders to move markets. Should this whale decide to liquidate a significant portion of their holdings, it could introduce a substantial amount of Ethereum into the market, potentially putting downward pressure on the price.Conversely, if this whale were to lock in their holdings or disperse them in a way that suggests a long-term hold strategy, market confidence could be reinforced, possibly driving prices upward. The deposit to Kraken might be an initial step toward liquidity, but it does not necessarily predict a major sell-off.This article was originally published on U.Today More

In an interview with Cointelegraph at the CBN’s 2023 Payments System Management Departmental Retreat program, Inuwa said collaboration is necessary to leverage emerging technologies such as artificial intelligence (AI) and data analytics to deepen digital payments.Continue Reading on Cointelegraph More

In particular, he mentioned current issues with multiple staking pools and “solo staking being hard,” summarizing that these issues and others about it are “not really healthy.” Buterin is considering introducing a redesign to the staking system on his blockchain. As one of the possible solutions here, the Ethereum frontman is considering the UTxO approach, which is based on unspent transactions.Charles Hoskinson’s sarcastic reaction to that was, “No worries, Ethereum 3 will have it all sorted.”This is not the first time that Buterin has spoken about the need to redesign the staking system of Ethereum. Earlier this year, Hoskinson and the Cardano army have several times criticized him for admitting certain inconveniences that the staking system adopted by Ethereum bears and slammed Buterin for considering introducing features that Cardano had implemented already to make ADA staking easier for its users.Anonymous whales have removed 50,000 ETH, 15,000 and 33,330 ETH from these platforms to their cold wallets, respectively. These lumps of Ethereum are evaluated at a massive $105,740,324, $31,138,359 and $68,795,390.Besides, another anonymous wallet worth $3.13 million earlier today from Binance, while ETH traded at $2,089. Per @OnchainDataNerd blockchain sleuth account, within the past couple of days, this whale has accumulated 4,770 ETH in total, paying $2,079 per coin on average.Crypto analyst Ali Martinez believes that currently, whales are going on a . He shared a chart showing that within the last nine days, big ETH holders have been accumulating large amounts of ETH for the first time in the past nine months. He considers this to be a bullish signal for the second-largest crypto.This article was originally published on U.Today More