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XRP News: SEC v Ripple, Coinbase, and Terraform Labs

Grayscale – whose application for a Bitcoin spot ETF was initially rejected by the SEC – got a victory in court, forcing the US regulator to review its proposal again. The SEC’s loss in this lawsuit has fueled hopes that a Bitcoin spot ETF might be approved by the end of the year. With BlackRock’s heft in the market, this significantly increases the chances of approval. In 2014, when Bitcoin price was at $816.20, Dimon said, “[Bitcoin] is a terrible store of value.” The turn of events is a textbook illustration of how smart money operates.

  • ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.
  • Solana entered the list of meme coin-supporting blockchains this year with the launch of Bonk, and it seems like the growth of this field will likely continue in 2024 as well.
  • Over the past couple of days, a Solana-based meme coin, Silly Dragon, has been charting a considerable increase.

But since then, it has declined sharply, with just 24 Whale Transactions recorded on Dec 26. With the full-blown start of the bull run, altcoins have generated massive returns for holders. Ethereum remained a slugger for quite some time but decided to rally a week ago as Bitcoin slipped into consolidation. Aave (AAVE) price shows no signs of slowing down as it approaches a key weekly hurdle. If AAVE holders push the altcoin to flip this barrier into a support floor, they could be in for massive gains.

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There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We designed OPTIMA to handle all enviroment-friendly technologies such as water based printing, paper or biodegradable materials printing, EGP or energy cured inks. The Flexo Xperience Center is a place to collaborate, research, experiment, and learn together to achieve excellence in the flexo process.

A decline in the Whale Transaction count, as observed above, often impacts a cryptocurrency’s price negatively. It denotes a growing bearish sentiment and low demand for Dogecoin among large investors over the past 20 trading days. Coinbase holds about $114 billion worth of assets under its management, which is slightly lower than the total value locked in the DeFi market, coming up at about $117 billion. It enables an entire ecosystem of applications to process feeless and instant digital payments for the users. Flex powers Gemini, SPEDN, BRD, Celo Wallet, CoinList etc. applications to allow storage, buying/selling and swapping of digital assets.

  • Firstly, when crypto whales acquire large quantities of coins within a short period, as observed above, it causes a large swings in market demand.
  • With the full-blown start of the bull run, altcoins have generated massive returns for holders.
  • However, for the bulls to validate the $0.07 Dogecoin price forecast, they must first scale the support buy-wall around the lower Bollinger band at $0.084.
  • In the years since, the decentralized finance landscape has evolved dramatically.
  • As part of the preparations, the platform has fortified and streamlined its systems to handle more trading volumes, increased liquidity, and general demand pressure.

The protocol also has a substantial dominance in the crypto market thanks to its native token MKR and stablecoin DAI. This is after the US-based exchange reached Surveillance Sharing Agreements (SSA) with multiple filers. As part of the preparations, the platform has fortified and streamlined its systems to handle more trading volumes, increased liquidity, and general demand pressure. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.

What is Pyth Network? $PYTH

Merchants, on the other hand, can be assured that they will receive payments in non-volatile FIAT. The native token of the Flexa project is the Flexacoin Collateral Token (FXC). It secures all payments in real time, allows conversion of different crypto-assets, provides FIAT support and final settlement on chain. Flexacoin describes itself as a digital collateral token for facilitating instant cryptocurrency payments, originally developed to collateralize retail payments on the Flexa network.

Flexacoin(FXC) ATH – All Time High Price

Hence, investors need to be prepared for a potential pullback to the $300 psychological level. Bitcoin (BTC) price has been bullish in 2023, scaling up as it tried to plough back the ground lost following the Terra (UST) and FTX crashes of the preceding year. The trajectory took shape in spite of it being an eventful year, with BTC riding the wave of macroeconomic as well as industry-related developments.

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Solana entered the list of meme coin-supporting blockchains this year with the launch of Bonk, and it seems like the growth of this field will likely continue in 2024 as well. The reason behind this is another meme coin on the chain that recently achieved immense gains before the year. Just when experts were about to give up hope, Ark 21Shares submitted its fifth amendment.

The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Bitcoin spot ETF has been approved outside the US, but the SEC is yet to approve one in the country. After BlackRock filed for a Bitcoin spot ETF on June 15, the interest surrounding crypto ETFs has been renewed.

Kingdomverse: Ultimate Gaming Ecosystem Goes Live on Kucoin

This DeFi project has acquired its reputation and value by enabling different crypto-assets to be used for payments on its digital wallets. And these are done in an instant and highly-secure manner for users and merchants alike. From an on-chain perspective, Dogecoin price remains at risk of a further downside, unless there’s a significant boost in whale transactions.

Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments. The protocol has mastered a way for cryptocurrencies to be utilized efficiently for acquiring / trading goods and services. With so few competitors in the blockchain payment processing field, there’s little doubt that Flexa will command a higher market-share in the future. Flexa Capacity is a dapp designed to allow any crypto asset to be spent from any wallet, with both custodial and non-custodial support. The system utilizes FXC as collateral to provide assurance for merchants to receive payments for purchases at all times. The Flexa project claims to be the “simplest and safest way” to allow retail usage of crypto-currencies today.

The protocol provides mechanisms for payment confirmation and acceptance, as well as wide compatibility and easy integration with digital wallets and other payment systems. The whitepaper specifies that the protocol aims to be compliant, useful, instant, and secure. The Flexa project consists of SDK for digital wallets, the Flexacoin Collateral Token (FXC) and the Flex Network Protocol – which defines the mechanism https://cryptolisting.org/blog/how-to-calculate-overhead-using-abc and powers the technology for operation. According to IntoTheBlock, SHIB Large Holders net-flow has been on a consistent rise since the start of December. As seen below, the whales intensified their buying spree this week, added a total of 13 trillion to their holdings between Dec 21 and Dec 28. The Santiment chart below illustrates that Dogecoin recorded a monthly peak of 120 Whale transactions on Dec 6.

Founding partners MacDermid Graphics Solutions and SOMA, are looking forward to addressing flexo challenges as well as conducting customer trial tests in the newly inaugurated Flexo Xperience Center (FXC). The FXC is a collaborative center for pre-media suppliers, printers, converters, brands, CPGs, students and educational institutions—anyone interested in flexo to experience the best that flexo has to offer. It is the first and only flexography-focused center to explain the print story from start to finish. After a successful opening of The Flexo Xperience Center – MacDermid Graphics Solutions, SOMA, and partners focus on addressing everyday flexographic printing issues. Shiba Inu started December on the back foot, while rival mega-cap memecoins like Dogecoin (DOGE), BONK and PEPE took center stage.

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