Author: cryptotechbro
Bitcoin reserves on cryptocurrency exchanges have dropped to their lowest level in more than six years, as publicly traded companies ramp up their accumulation of the digital asset following the US presidential election, according to Fidelity Digital Assets. “We have seen Bitcoin supply on exchanges dropping due to public company purchases — something we anticipate accelerating in the near future,” Fidelity reported on the X social media platform.Source: Fidelity Digital AssetsFidelity said the supply of Bitcoin (BTC) on exchanges had fallen to roughly 2.6 million BTC, the lowest since November 2018. More than 425,000 BTC have moved off exchanges since November,…
TRON is known for its fast and affordable blockchain infrastructure — and one of the key components behind this efficiency is Tron Energy. Designed specifically to power smart contracts, Energy is one of two essential resources on the network, alongside Bandwidth. What Is Tron Energy? Tron Energy is the computing power required to execute operations within smart contracts. Every interaction with a contract — from token transfers to DeFi actions or dApp usage — consumes a certain amount of Energy. The more complex the contract, the more Energy it will use. This system helps the TRON network stay scalable by…
Russia’s Ministry of Finance and the Bank of Russia are set to jointly launch a cryptocurrency exchange designed exclusively for super-qualified investors, as part of a broader effort to bring crypto operations into a formal regulatory framework, according to a RBC report. “Together with the Central Bank, we will launch a crypto exchange for super-qualified investors. Crypto assets will be legalized, and crypto operations will be brought out of the shadows. Naturally, not within our country, but those operations that have been carried out today within the framework of the experimental legal regime,” said Finance Minister Anton Siluanov during a…
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Federal prosecutors and regulators have charged a man they claim operated a massive cryptocurrency fraud scheme that swindled $200 million from 90,000 investors. Ramil Palafox, a dual US and Philippines citizen, allegedly stole more than $57 million from January 2020 through October 2021 through his firm PGI Global, according to charges filed April 22. How The Scheme Worked The Securities and Exchange Commission alleges Palafox recruited investors by making false representations that he had cryptocurrency knowledge and an AI-driven trading platform. Spending On Personal Items “Palafox lured…
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Ethereum’s price has surged after having been in the doldrums for weeks, helping boost its market share after it hit record lows.Ether (ETH) has surged almost 15% over the past 24 hours, topping $1,800 on April 23. It has outperformed Bitcoin, which notched a 6% gain, and the wider crypto market, which has climbed almost 5% to reclaim a total market value of $3 trillion. Ether has now managed to recover almost 30% since its April 9 crash to $1,400, leading some analysts to suggest that the worst may be over for the world’s second-largest crypto asset.“You can hate Ethereum all…
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