[ad_1] The price of Arbitrum’s governance token, ARB, has been experiencing a significant slump, nearing its all-time low. However, despite this downward trend, the market capitalization of ARB has witnessed substantial growth, expanding by over 75% to reach $2.23 billion. Market Cap Defies Price Decline Over the next three years, an additional 36% of Arbitrum’s total token supply will be unlocked. Presently, the circulating supply stands at approximately 2.9 billion tokens. CoinGecko data reveals that ARB’s price has declined by 24% over the past year, currently trading at $0.816, just above away from its record low of $0.74. Despite this…
Author: dfrancis36
[ad_1] The winds of change are blowing through the Ethereum (ETH) ecosystem. Despite tentative signs of recovery after recent dips, the price has struggled to stay afloat in the last 30 days. Additionally, a more intriguing trend has emerged: a mass exodus of ETH from cryptocurrency exchanges. This movement, marked by declining exchange supply and net outflows, has analysts buzzing with potential bullish implications. Related Reading: Bitcoin Takes Control In Market Meltdown, Dominance Climbs To 9-Week Peak Dwindling Stockpiles: Exchanges Feeling The Squeeze For years, cryptocurrency exchanges have served as the lifeblood of the digital asset market. They provide the…
[ad_1] Australian mining magnate Andrew Forrest scored a legal victory against Meta Platforms this week after a US judge rejected the company’s attempt to dismiss his lawsuit. Forrest alleges Meta (which owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services) facilitated a massive crypto scam campaign that used his image and deepfakes to swindle millions from unsuspecting victims. Facebook: On Fake Endorsements And Real Losses The lawsuit centers around a series of Facebook advertisements that fraudulently depicted Forrest endorsing cryptocurrency schemes and other dubious investment opportunities. According to court documents, over 1,000 such ads ran in…
[ad_1] Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a…
[ad_1] FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion,…
[ad_1] In an exchanges on X, formerly known as Twitter, Argentine President Javier Milei reiterated his support for Bitcoin, emphasizing the freedom of currency competition in the nation. This dialogue was sparked by a casual greeting from the president on the social media platform, which led to a conversation about BTC. Milei Reiterates His Support For Bitcoin President Milei’s tweet, “HOLA A TODOS…!!!” received a playful response from Gabor Gurbacs, founder of PointsVille and a strategist at Tether, who replied, “Bitcoin a todos. :)” Milei then elaborated on his stance regarding the use of cryptocurrencies, stating, “There will be free…
[ad_1] Josh Olszewicz, a renowned crypto analyst, has recently shared critical insights into the immediate Bitcoin price future, employing two technical analysis frameworks: the Ichimoku Cloud and Bollinger Bands. These tools hint at pivotal moments that could shape the trajectory of the Bitcoin price in the near to medium term. Bitcoin Analysis Using The Ichimoku Cloud In the first chart featuring the daily Ichimoku Cloud, Olszewicz highlights a critical moment for Bitcoin as it navigates through this complex indicator. The Ichimoku Cloud, known for providing support and resistance levels as well as momentum and trend direction, shows Bitcoin trading near…
[ad_1] The Australian Securities Exchange (ASX) marked a milestone on Thursday with the launch of the country’s first Bitcoin (BTC) exchange-traded fund (ETF) on its main stock market. The VanEck Bitcoin ETF (VBTC) debuted with approximately AUD990,000 ($660,429) in assets, signaling a growing appetite among investors for cryptocurrency-related products.Australia’s Main Stock Exchange Welcomes First Bitcoin ETFThe launch comes after more than three years of discussions between fund managers and the ASX, as the exchange operator sought to ensure proper safeguards were in place. While the VanEck Bitcoin ETF will not directly own Bitcoin, it will invest in the US-listed VanEck…
[ad_1] Binance.US, the American arm of the world’s largest cryptocurrency exchange, is facing a blitz of regulatory scrutiny that threatens to fumble its hold on the lucrative US market. Mounting license revocations and operational restrictions across several states paint a grim picture for the exchange’s future. Money Transmitter Troubles: The Holding Penalty The heart of the issue lies in money transmitter licenses, crucial for exchanges to operate legally. North Dakota’s Department of Financial Institutions (DFI) became the latest state to throw a flag on Binance.US, citing non-compliance with local regulations and violations of money transmitter laws. This follows similar actions…
[ad_1] The cryptocurrency XRP is making waves as open interest (OI) for the token experiences a dramatic rise. This surge in investor positioning coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Related Reading Bullish Bets On The Horizon Cryptocurrency analysis platform CryptoQuant detected a significant increase in XRP’s open interest, indicating a growing number of investors entering positions. This trend suggests a bullish sentiment, with investors betting on a potential price appreciation for XRP in the near future. The logic is simple: more investors entering the market…