Month: February 2024

The Inside Scoop On The Massive $500 Million Weekly Flight

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has seen a significant exodus from centralized exchanges in recent weeks, with data suggesting a growing preference for holding the asset outside of trading platforms. At the time of writing, ETH was trading at $2,289, down 0.7% in the last 24 hours, but managed to gain 1.6% in the last week, data from Coingecko shows. Ethereum Outflow Hits $1.2 Billion According to blockchain analytics firm IntoTheBlock, a staggering $500 million worth of ETH exited exchanges last week, contributing to a total…

Bitcoin SV (BSV) Price Dips Following Coinbase Delisting

Bitcoin SV (BSV),  a hardfork of the Bitcoin token, has drawn much attention in the last day after top American exchange Coinbase announced its termination of support for the asset. Following this news, BSV’s price has taken a hit, falling by over 5% in the last 24 hours. Coinbase Ends Support For Bitcoin SV In an X post on February 3, Coinbase shared that it had officially withdrawn support for BSV on its platform. This announcement follows a previous post in December when the exchange first communicated its intentions to…

Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing on Top Crypto Exchange Binance

boss

A Solana (SOL)-based altcoin rallied by more than 42% this week amid news that Binance is adding spot trading support for the digital asset. Pyth Network (PYTH) is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps). This week, the project’s native token PYTH soared to a seven-day high of $0.539 from a weekly low of $0.378, an increase of 42.59%. The 96th-ranked crypto asset by market cap has retraced from its recent high and is trading at $0.461 at time of…

Avalanche To Unleash 9.5 Million Tokens, Traders Brace For Impact

boss

Avalanche, the blockchain platform poised for a major event in the month of love, is gearing up for a significant development. As February unfolds, the cryptocurrency market is anticipating the release of nearly $900 million worth of vested tokens from a diverse array of projects. This imminent influx into the market has sparked a wave of concerns among investors who are closely watching the unfolding scenario. Projects involved in this token release include Avalanche (AVAX), Aptos (APT), The Sandbox (SAND), Optimism (OP), and SUI. Avalanche is strategically targeting strategic partners,…

Coinbase officially ends Bitcoin SV support

boss

Coinbase has finalized its actions to phase out Bitcoin SV from its list of supported digital assets. Initially rumored in November 2023, the delisting became official when Coinbase announced it had deprecated support for Bitcoin SV (BSV). In a post on X, Coinbase advised users who still held BSV that their assets had been forcefully liquidated and converted into a different cryptocurrency available on the platform, albeit after the deduction of transaction costs. The exchange also notified customers that the involuntary conversion process might not result in compensation, especially if…

Hong Kong asserts rigorous crypto regulations amid market evolution

Hong Kong has reaffirmed its commitment to creating strict and comprehensive crypto regulation to strengthen investor protection and tackle financial crimes. In a Feb. 2 blog post, Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, reiterated the special administrative region’s banner of “same activity, same risk, same regulation,” under which Hong Kong crafted a licensing regime for virtual asset service providers (VASP). In his post, Mr. Hui pointed out that VASPs that had been active in Hong Kong before the implementation of the new licensing system had…

How To Buy And Trade BRC-20 Tokens On The Bitcoin Network

boss

What are BRC-20 Tokens? BRC-20 tokens are a novel standard on the Bitcoin blockchain, BRC-20 tokens were inspired by Ethereum’s ERC-20. Like Ethereum’s ERC-20 strands for Ethereum Request for Comment, BRC-20 also strands for Bitcoin Request for Comment. BRC-20 tokens allow the creation, minting, trading, and transfer of fungible tokens or assets on the Bitcoin blockchain through the Ordinals protocol. The Bitcoin Ordinals protocol is a numbering system that allows users to attach extra data to satoshis, the smallest unit of Bitcoin. The process of attaching extra data to satoshis…

SEC charges American Bitcoin Academy founder in $1.2m crypto fraud scheme

boss

The U.S. Securities and Exchange Commission (SEC) has leveled charges against Brian Sewell, founder of the American Bitcoin Academy, over a fraudulent cryptocurrency scheme. In a Feb. 2 press release, the regulator claimed Brian Sewell’s scheme had siphoned approximately $1.2 million from students keen on learning about cryptocurrency investing. SEC CHARGES FOUNDER OF AMERICAN BITCOIN ACADEMY WITH FRAUD The SEC charged Brian Sewell, founder of American Bitcoin Academy, and his firm Rockwell Capital Management with fraud for allegedly targeting students to invest in a nonexistent crypto hedge fund. Sewell reportedly……

How To Pass On Your Assets?

boss

Understanding the challenges of crypto after death is vital for anyone investing in digital assets. Without proper preparation, your digital wealth could become inaccessible after your passing. This guide aims to navigate the complexities of managing cryptocurrencies after death. It covers essential steps, from documenting holdings to navigating legal considerations, ensuring your digital legacy is secure and your loved ones are taken care of. The Importance Of Planning For Crypto After Death In the realm of crypto, your investments don’t automatically transfer to your next of kin upon your demise.…

Crypto Report Suggests Solana A Main Focus For Next Bull Market

boss

A recent ‘Navigating Narratives’ report by K33 Research provided insights on how to trade altcoins. Interestingly, as part of their analysis, they highlighted Solana (not ETH) as the main focus and elaborated on why this was so.  Why Solana Is The Main Focus The report, written by DeFi Analyst David Zimmerman, stated that they were focusing primarily on buying SOL if there was an opportunity to buy lower. They claim the reason for this is that “SOL has solidified its place in the market as one of the market leaders.”…