Author: Kryptonews
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum continues to make waves in the broader cryptocurrency sector, even with its price falling below the $2,700 level once again as Thursday drew to a close. In recent weeks, ETH has shown notable bullish action, and several crypto analysts are highlighting its potential for a huge upward move toward higher levels in the short term. Crucial Zone To Lead Ethereum To A New Peak Given the current market weakness, Ethereum has lost some of its upward momentum after facing resistance at $2,800. Despite this brief pullback,…
Bitcoin exchanges are the gateways to the digital currency world, enabling users to buy, sell, and trade Bitcoin for other cryptocurrencies or fiat currencies. Understanding the state of these exchanges, particularly regarding liquidity and security, is paramount for anyone looking to participate in the Bitcoin market. Liquidity: The Lifeblood of Bitcoin Trading Liquidity refers to the ease with which Bitcoin can be bought or sold without causing significant price fluctuations. High liquidity means large orders can be executed quickly and efficiently, while low liquidity can lead to slippage and potentially unfavorable execution prices. Assessing Liquidity Several factors contribute to a…
The Impact of China’s Crypto Ban on Global Bitcoin Mining China’s sweeping crackdown on cryptocurrency activities in May 2021 marked a pivotal shift in the global Bitcoin mining landscape. The ban, which included restrictions on trading and mining, sent shockwaves through the digital asset sector, forcing a massive exodus of miners and reshaping the distribution of hash power worldwide. This article explores the implications of China’s crypto ban for global Bitcoin mining, from its immediate aftermath to long-term industry realignments. The Pre-Crackdown Dominance of China in Bitcoin Mining Before the ban, China dominated Bitcoin mining, accounting for approximately 65% of…
New York City Comptroller Brad Lander has criticized Mayor Eric Adams’s proposal to issue municipal bonds backed by Bitcoin, warning that such a move would introduce financial risk and undermine investor confidence.In a May 29 statement, Lander said he would not allow the New York City to issue the crypto-tied debt instrument while he is in office. Lander’s office shares responsibility for debt issuance with the Mayor’s Office of Management and Budget.“Cryptocurrencies are not sufficiently stable to finance our City’s infrastructure, affordable housing, or schools,” the comptroller said, adding that the proposal exposes the city ”to new risks and erode…
Today’s episode is sponsored by CME Group and PayPal.To get the show every day, follow the podcast here.Today’s Stories:Coinbase Global, Inc. Third Quarter 2023 Earnings Call November 2, 2023 Anil Gupta, Vice President, Investor RelationsCoinbase Shareholder LetterCoinbase Officially Launches Base Blockchain in Milestone for a Public CompanyDefiLlama BaseFrom our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. Participate in The Crypto Classic: Cryptocurrency Futures and Options Trading Challenge from Dec. 10-15 for the chance to win cash prizes. Compete against your peers while test-driving strategies for Bitcoin and Ether futures and options trading in…
REX Shares filed an immediately effective prospectus to list two exchange-traded funds (ETFs) that will hold and stake Ethereum (ETH) and Solana (SOL), according to a May 30 filing.Bloomberg ETF analyst James Seyffart highlighted in a social media post that the ETFs introduce a C-corporation structure rarely used in the ETF industry to sidestep the customary 19b-4 review.REX did not disclose seed capital or an official launch date. Still, Seyffart said trading could start “within the next few weeks” if seed shares clear the Depository Trust Company and Nasdaq completes symbol reservation.ETH and SOL staking ETFsAccording to the May 30…
Introduction The blockchain industry has seen exponential growth in recent years, with numerous startups rising from seed-funded beginnings to unicorn status—valuation of over $1 billion. These companies have disrupted industries, created new financial models, and fostered global adoption of blockchain technology. This article explores some of the most successful blockchain startups that have achieved unicorn status, highlighting their key innovations, funding milestones, and market impact. What Makes a Blockchain Startup Successful? Several factors contribute to a blockchain startup’s success: Problem-solving technology – Unicorns address real-world issues, such as scalability, interoperability, or security. Strong network effects – Their solutions attract large…
Bitcoin NFTs, or non-fungible tokens on the Bitcoin blockchain, have emerged as a groundbreaking trend reshaping the digital asset landscape. These tokens represent ownership of digital assets and are gaining significant traction within the cryptocurrency community. In this article, let’s delve into what Bitcoin NFTs are and how they are created, as well as explore the current trends surrounding this innovative technology. If you run a Web3/NFT project and need advice on marketing and promotion of your project, you can [message me](mailto: [email protected]) directly.Understanding Bitcoin NFTs Bitcoin NFTs represent ownership of digital assets, such as artwork, collectibles, and in-game items.…
A widely followed crypto analyst says that Bitcoin is primed to print new all-time highs if BTC can reclaim key levels as support. In a new post, crypto trader Michaël van de Poppe tells his 789,400 followers on the social media platform X that if Bitcoin can break through the resistance range between $106,500-$107,000, the flagship crypto asset will likely soar beyond its current all-time high of about $111,800. “Bitcoin has lost the crucial support level. However, the drop isn’t as severe as we might expect. This means, reclaim of $106,500-$107,000, that would be the party trigger sign for new…
On May 29, the SEC’s Division of Corporation Finance provided its views on staking on networks that use proof-of-stake as a consensus mechanism. The Division concluded that protocol staking activities do not constitute securities offerings under federal securities laws and no registration is required. “Accordingly, it is the Division’s view that participants in Protocol Staking Activities do not need to register with the Commission transactions under the Securities Act, or fall within one of the Securities Act’s exemptions from registration in connection with these Protocol Staking Activities.” CRYPTO IS WINNING. The SEC just said that crypto staking on PoS networks…
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