Crypto Push

2023-11-09 16:00:24 Evmos moves away from Cosmos: Gauging ATOM’s reaction

How this development impacts Cosmos
As part of this transition, fees generated from the discontinued Cosmos transactions will be permanently removed (burned). Users who exclusively use Cosmos wallets will have to switch to EVM-compatible clients.

How ATOM reacted
AMBCrypto’s analysis of ATOM’s daily timeframe chart showed that the token remained unaffected by Evmos’ developments. At the time of this report, it was trading at around $8, showing a gain of over 2% in value. Open / Comment

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2023-11-06 18:00:06 Bitcoin, Ethereum ETFs in Hong Kong? It may be a reality soon

The ETF craze rises
Recently, Hong Kong has been pondering the allowance of ETFs that directly invest in crypto. Officials will aim to establish an Asia-Pacific digital asset hub and address the fallout of the JPEX scandal.

Potential impacts
Several players worldwide are competing to establish digital asset hubs. The potential approval of crypto ETFs in Hong Kong can boost sentiment in the crypto sector.

State of the blue chips
The growing interest in ETFs can aid blue chip coins such as Bitcoin [BTC] and Ethereum [ETH] the most. The first round of hype around Bitcoin ETFs aided the coin to push past the $34,000 level. At press time, BTC was trading at $34,904.52, having declined by 0.55%. Open / Comment

2023-11-03 16:00:10 US DoJ seizes $54M in crypto from drug dealers, more here

Our forfeiture action of $54 million should serve as a lesson to those who mistakenly believe we can’t trace their illicit behavior or their ill-gotten proceeds.

Crypto usage in illicit drug trafficking
Blockchain analytics firm TRM Labs published a report in June 2023, detailing crypto usage among illicit actors including drug traffickers.

So, what does the US government do with seized crypto?
It is commonly understood that the U.S. Marshals Service auctions seized crypto assets for fiat currency. The funds are typically transferred to victims or forfeited to government treasuries. So far, the US government has sold Bitcoin worth $366 million. Open / Comment

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2023-10-31 17:00:23 Bitcoin turns 15: Tracing the journey of the first cryptocurrency

Satoshi starts the crypto revolution
For the anonymous Satoshi Nakamoto, there was no better time to introduce the world to this financial technology than when they were in celebration mode. Approximately 15 years ago, Satoshi introduced the Bitcoin whitepaper.

What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.

Last discussion and rising growth
For instance, on 10 December 2008, Satoshi sent an email welcoming a few users to the Bitcoin mailing list. However, it was not until 8 January 2009 that the inventor shared the codebase with the Bitcoin community.

Bitcoin spreads its wings across the board
In celebration of the blockchain’s 15th birthday, AMBCrypto spoke to some experts about the impact Bitcoin has had, and other subjects related to it. The first on the list was Robert Quartly-Janeiro. Open / Comment

2023-10-28 13:00:29 SHIB, DOGE may not recreate previous returns- Here’s why

SHIB still more attractive than DOGE
While DOGE had more holders than SHIB, the latter has been able to attract more investors within the last month. However, the growth registered was not as rapid when compared to the season SHIB went from $0.0000007 to $0.000067.

According to the whale tracking platform, SHIB was in the top 10 tokens held by Ethereum [ETH] whales. This is no guarantee that the SHIB token would later flip DOGE’s market cap. However, it is a testament that the stance these large investors have favors SHIB over DOGE. Open / Comment

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