Blockchain detectives at analytics firm Elliptic alleged in a new report released Wednesday that Cambodia-based marketplace Huione Guarantee was involved in money laundering and other crimes. According to Elliptic, cryptocurrency wallets associated with Huione and independent merchants have received at least $11 billion since its founding in 2021. Elliptic presents this figure as a conservative estimate. “Not all of these transactions can be definitively linked to fraud or other illicit activity, but the nature of Huione Guarantee’s activities suggests that the majority of these payments are related,” the researchers wrote. According to Elliptic, Tether’s USDT +0.12% Stablecoins are one of…
Author: Crypto Flexs
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The surge in celebrity meme coins has raised legal concerns about securities law violations and possible SEC crackdowns. Despite scrutiny, memecoins like MOTHER and DADDY are showing significant price resilience and popularity. The surge in celebrity memecoins has gained significant popularity, especially on the Solana (SOL) blockchain. Are celebrity meme coins getting noticed? But this increase has recently sparked speculation among legal experts that celebrities involved in creating and promoting these memecoins on Solana may have violated securities laws. Lawyers predicted that these celebrity-backed memecoins would attract the attention of U.S. securities regulators. Commenting on this, David Chung, Founding Director…
Monday, July 8, 2024 A new case study demonstrates the successful implementation of cross-chain Delivery-versus-Pay (DvP) payments using the EEA DLT Interoperability Specification. The Enterprise Ethereum Alliance (EEA) today announced a new case study demonstrating a successful implementation of the Distributed Ledger Technology (DLT) Interoperability Specification. The DLT Interoperability Case Study highlights a Delivery-to-Pay (DvP) settlement process involving multiple DLT networks. Key findings of the case study include: Successful interoperability between the private permissioned Corda network for securities management and the private permissioned Ethereum network for payments By implementing atomic settlements, as defined by the Bank for International Settlements, we…
The Ethereum Foundation has released a comprehensive update on Devcon 2024, which will take place in Bangkok from November 12-15. The event is expected to be a major gathering for the Ethereum community and will feature ticket sales, speaker sign-up, and a variety of ways to get involved, according to the Ethereum Foundation blog. Ticket sales have begun Devcon 2024 tickets are on sale now. The Ethereum Foundation offers several discounts for builders and local attendees. Ethereum contributors can also claim their own claimable discounts by verifying their Ethereum address or GitHub username. Winners can…
TLDR Nuant has launched a new platform for digital asset management targeting funds, VCs, investors and cryptocurrency firms. The platform offers comprehensive market coverage, including support for 5+ vaults, 30 exchanges, 80 blockchains, and 1000+ DeFi protocols. Key features include an advanced alerting system, integrated SAFE and SAFT tracking, and AI-based strategy design tools. Nuant aims to provide institutional-grade tools to the digital asset sector, particularly in response to the upcoming MiCA regulation. The company is offering the first 100 customers three months free as a launch promotion. Zurich-based Nuant has announced the launch of a groundbreaking platform designed to…
Ethereum’s native token, ether (ETH), has rallied sharply over the past 24 hours, fueled by evidence that institutional investors have capitalized on the early July sell-off to accumulate the second-largest cryptocurrency. Meanwhile, optimism is once again being fueled by VanEck and 21Shares filing an amended application with the U.S. Securities and Exchange Commission (SEC) for an Ethereum exchange-traded fund (ETF).Ethereum Funds See Net Inflows IncreaseThe Ethereum price rebounded by 10.11% on July 9, reaching $3,113, compared to the previous day’s low of $2,830. ETH/USD daily price chart. Source: TradingViewThe ETH/USD rally coincided with the release of CoinShares’ weekly report, which…
Ronaldinho Gaucho is the latest football legend to promote the Solana token, Water Coin (WATER), on Instagram, following a similar post from Lionel Messi’s X account yesterday.According to his Instagram story, where he has 76.6 million followers, a photo was posted on July 9th showing Watercoin’s mascot peeking over his shoulder, with the token’s Instagram account tagged in the photo.Source: InstagramWATER rose 38.8% to $0.0012 an hour after Ronaldinho’s post, but has since fallen back to $0.00083, according to CoinGecko data. The current price is down 71% from its all-time high on June 26.WATER price last month. Source: CoinGeckoThe price…
Funds • July 9, 2024 11:59 PM EDT Posted 1 minute earlier In ~ The 11 major U.S. spot Bitcoin exchange-traded funds (ETFs) saw a net inflow of $216.33 million on Tuesday, extending the bull run for a third straight day.BlackRock’s IBIT, the largest spot Bitcoin fund by net asset value, led with inflows of $121.03 million, followed by Fidelity’s FBTC with net inflows of $90.95 million. data At SoSoValue, Ark Invest and 21Shares’ ARKB reported $43.3 million in inflows, while VanEck’s Bitcoin fund also recorded $3.27 million.Meanwhile, Grayscale’s GBTC, the second-largest Bitcoin ETF, reported outflows of $37.5 million. Bitwise’s…
In the rapidly evolving realm of procurement, blockchain technology and smart contracts are revolutionizing traditional practices by enhancing transparency, efficiency, and security. Blockchain, a decentralized ledger technology, enables secure and immutable recording of transactions across a distributed network of computers. This capability eliminates the need for intermediaries and enhances trust among participants by providing a transparent and tamper-resistant record of transactions. Smart contracts, on the other hand, are self-executing contracts with predefined rules encoded into their blockchain code. These contracts automatically execute and enforce terms and conditions when predefined conditions are met. By combining blockchain’s transparency and immutability with smart…
Stellar (XLM) has announced the launch of Soroban, a smart contract platform focused on performance, sustainability, and security with developers in mind. According to Stellar, these foundational pillars aim to support the creation of scalable, efficient, and secure decentralized finance (DeFi) applications. Performance and Security Building a new financial system capable of handling billions or trillions of dollars in transactions requires a robust and secure platform. Soroban addresses this requirement by prioritizing security as a core design principle. The platform aims to make writing secure smart contracts a default path for developers. Soroban’s security foundation…