Speculation is growing in the cryptocurrency community as rumors resurface that China may lift its ban on Bitcoin (BTC) and other cryptocurrencies. A recent cryptic post by TRON founder Justin Sun and other developments have fueled these rumors. Could China Reopen Its Doors to Cryptocurrencies? Here’s What We Know On August 18, Sun stirred up a storm in the crypto community with a provocative post on his X (Twitter) account: “China lifts ban on crypto. What’s the best meme for this?” The message quickly sparked speculation among enthusiasts and industry insiders, sending ripples through the markets. Chase, co-founder of Solana…
Author: Crypto Flexs
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Regulations • August 19, 2024 2:44 a.m. EDT Posted 1 minute earlier ~ in Malaysian authorities have arrested seven people for allegedly conducting a Bitcoin mining operation that included theft of electricity, according to local media reports.Bernama, the country’s national news agency, Reported Three locals and four foreigners were separately arrested and detained last week on suspicion of stealing electricity needed for a Bitcoin mining operation, it was announced on Saturday.Sepang District Police Chief ACP Wan Kamarul Azran Wan Yusof said the men had no previous criminal records and that authorities were aiming to “detect illegal Bitcoin mining activities that…
James Ding 19 Aug 2024 05:18 BitMEX has announced the listing of TONUSDT perpetual swaps, offering traders up to 10x leverage. The new listing is now live on the platform. According to a recent announcement on the BitMEX blog, BitMEX has launched its latest trading tool, the TONUSDT perpetual swap, which can now be traded with up to 10x leverage. Details of the new list The TONUSDT perpetual swap listing will be launched on August 19, 2024 at 04:00 UTC. This new financial product allows traders to leverage their positions up to 10x, amplifying…
A widely known crypto strategist says governance tokens for decentralized finance (DeFi) lending protocols are gearing up for a rally. Anonymous analyst The Crypto Dog told his 809,500 followers on social media platform X that he is bullish on Aave (AAVE). The trader shared a chart suggesting that AAVE has successfully retested the $107 support level. “I think it will be the moon.” Source: The Crypto Dog/X As of this writing, AAVE is trading at $111.62, which is down slightly over the last 24 hours but up more than 46% from its low of $75 on August 5. Looking at…
Tony Kim 19 Aug 2024 02:39 Binance launches a new ‘Word of the Day’ game focused on CPI, allowing users to earn Binance Points and educational benefits. Binance has announced the launch of a new ‘Word of the Day’ (WOTD) game that aims to educate and reward users with Binance Points. This week’s theme is ‘CPI’ (Consumer Price Index), and according to Binance.com, participants will have the chance to share in a pool of 500,000 Binance Points.The activity period runs from August 19, 2024 to August 25, 2024 and is designed to enhance users’…
Solana has retested key pennant support levels at the time of writing. The rising metrics and TVL indicate the growing power of the ecosystem. Solana (SOL) is showing signs of a bullish breakout after a successful test of a key support level. The altcoin has been consolidating within a bullish pennant pattern for the past five months. Over the last 24 hours, SOL has bounced off the lower line of the pennant pattern, indicating increased buying pressure at this support level. This key support level could serve as a springboard for an uptrend towards the next resistance level at $153.…
Disclosure: This article does not constitute investment advice. The content and materials presented on this page are for educational purposes only. Crypto markets stabilize as Toncoin soars after Binance listing, Shiba Inu falls. DTX Exchange pre-sale is gaining attention. Several tokens have moved to the forefront as the crypto market finally decides to end its roller coaster ride. While Shiba Inu (SHIB) continues to bleed and face declines, TON Coin (TON) has benefited from a dramatic surge in value since being listed on Binance. Meanwhile, the DTX exchange is gearing up for what could be the largest presale of the…
Wang Long Chai 16 Aug 2024 15:31 Bitfinex introduces a new brand hub, providing up-to-date logos and branding guidelines for media and public use. Bitfinex has launched a new brand hub designed to provide the latest version of its logo and branding guidelines. This initiative aims to ensure that users maintain a consistent and professional appearance when referring to Bitfinex in news, announcements, or other content. Centralized access to logos Brand Hub provides a dedicated space where users can find the latest Bitfinex logo files in a variety of formats. According to Bitfinex, this…
Australia’s financial markets regulator ASIC said on Sunday it had taken down more than 600 cryptocurrency scams last year as part of a wider effort to crack down on online investment fraud targeting billions of dollars in Australian deposits.The Australian Securities and Investments Commission said it helped combat 5,530 fake investment platform scams, 1,065 phishing scam hyperlinks, and 615 cryptocurrency investment scams.These scams are estimated to have resulted in a total loss of $1.3 billion last year, spread via fake news articles and deepfake videos of local celebrities.“ASIC urges all consumers to be cautious of social media hyperlinks promoting online…
Circle, the issuer of the USD Coin (USDC) stablecoin, recently published a white paper titled “Risk-Based Capital for Stable Value Tokens,” proposing a new risk-based capital management model for stablecoins and other digital cash tokens.The authors of the paper argue that stablecoins require appropriate capital reserve requirements that go beyond the capital standards currently established under the Basel banking regulatory framework to mitigate the risks inherent in stablecoins, other fiat-backed tokens, and their issuers.According to the authors, these inherent risks include, but are not limited to, the lack of token price due to market trading, the prevalence of secondary markets,…