Binance Launches USDC Trading Pair PromotionAccording to an announcement on Binance.com, to celebrate the launch of USDC trading pairs on Binance P2P, Binance will give P2P takers a total of 7,000 USDC in token vouchers. The promotion period is from 00:00 on May 21, 2024 (UTC) to 23:59 on June 4, 2024 (UTC).Promotion DetailsThe promotion consists of two parts: Promotion A for new users and Promotion B for existing users. In Promotion A, new users who have not used P2P trading on Binance before the start of the promotion can receive a 5 USDC token…
Author: Crypto Flexs
Read More
A prominent cryptocurrency analyst says that now is Ethereum (ETH)’s time to shine and that its biggest competitor will go parabolic. Household name trader Inmortal told his 213,900 followers on social media platform The analyst suggests an initial target of around $4,000, with charts suggesting ETH has found support around the $2,800 level. “ETH season is starting soon. As in all other cases, distrust was triggered.” Source: Immortal/X As of this writing, Ethereum is trading at $3,107. Analysts are also keeping an eye on Ethereum rival Solana (SOL). According to Inmortal, Solana has been similar to Ethereum’s 2021 market cycle…
Re.al has officially launched its mainnet, launching a new blockchain platform that aims to manage real-world assets such as real estate and goods, and promising to return all profits to users. Arbitrum (ARB) Running on Orbit and powered by Gelato’s Rollup-as-a-Service, re.al is off to a strong start with $40 million already committed and 190 assets ready for tokenization. The platform aims to solve persistent challenges in decentralized finance (defi) by making assets more accessible for trading, improving interoperability and ensuring liquidity. Explaining why they chose Arbitrum Orbit, Jag Singh, CEO of re.al, said, “Speed, flexibility and security are essential…
Kraken is pleased to announce that we are accelerating our new asset listing process. We created a new listings page to standardize the listing process for the project team and increase transparency about our asset listing roadmap for the cryptocurrency community. We’ve also simplified the application form so that teams can easily describe the key features of their project and do their best to get listed on Kraken. Streamlining the listing experience while providing visibility into the decision-making process is an important part of Kraken’s mission to accelerate the global adoption of cryptocurrencies. Submit your application to begin the Kraken…
Richard Whittaker’s day job is editing films about Arctic caribou and Pacific killer sharks. But when a massive cryptocurrency exchange collapsed in 2022, blaming its awkward, curly-haired founder, he knew he wanted to make a documentary about it. Sixteen months later, Whitaker’s own investigation into the collapse FTX: When Money Breaksis streaming for free on Prime Video in the UK and is available to rent or purchase in the US and Australia. Not bad for a small production made with the help of my mom and a budget of about $2,500. Whittaker, who has never dabbled in cryptocurrencies, isn’t the…
Grayscale Investments CEO Michael Sonnenshein has resigned from his position as asset manager amid a large investor exodus from the company’s GBTC ETF. On May 20, the Wall Street Journal reported that Peter Mintzberg would replace Sonnenshein as head of the company in August. Mintzberg is a finance veteran with decades of experience as head of global strategy at Goldman Sachs for the bank’s asset management operations. Grayscale did not immediately respond to crypto.news’ request for comment. The development follows a possible trend reversal for Grayscale’s converted GBTC fund, which last week recorded its first weekly net inflow in about…
The New York Attorney General’s Office announced Monday that it has secured a $2 billion settlement with Genesis, a cryptocurrency lender owned by Digital Currency Group (DCG), to repay users harmed by its 2023 bankruptcy filing.The plan was approved late Friday and will likely repay users about 77% of the cryptocurrency funds they provided to the company in return for a rate of return. wall street journal.“If investors suffered losses due to fraud and manipulation, they deserve to be made whole,” said New York Attorney General Letitia James. She said, “This historic settlement is an important step toward ensuring that…
Craig Wright lied “extensively and repeatedly” at trial over his various copyright claims. bitcoin BTC +0.85% According to ’s code and white paper, UK High Court Judge James Mellor said in a written ruling on Monday:In the filing, Judge Mellor detailed his March ruling that Wright, who claims to be Bitcoin creator Satoshi Nakamoto, was not a pseudonym developer. The ruling cited Wright’s “clumsy…manipulation” and “falsification” of “extensive” documents as the basis for its decision.“All of Wright’s lies and forged documents supported his biggest lie: his claim to be Satoshi Nakamoto,” Judge Mellor said in a written ruling Monday.The ruling…
The value of Notcoin (NOT), a cryptocurrency strongly supported by social media giant Telegram, has fallen sharply. This happened within the first week of listing. The cryptocurrency is part of Telegram-based gaming, which has a user base of 35 million. Investors who bought into the hype are now suffering huge losses. Cryptocurrency analyst predicts further decline in Notcoin price Notcoin debuted on the Toncoin network last week. Approximately $1 billion worth of NOT tokens were airdropped to eligible investors. The token has also secured high-profile listings on major exchanges, including Binance. Initially, the buzz about Notcoin reached an all-time high…
Solana (SOL), the fifth-largest cryptocurrency by market capitalization, is continuing its remarkable journey, with its price surging more than 40% in May. This impressive performance has caught the attention of investors and analysts alike, eagerly anticipating whether SOL can maintain its upward momentum and reach the coveted $200 mark in the coming weeks. TLDR Solana (SOL) was one of the best-performing cryptocurrencies in May, with its price rising more than 40%. SOL is approaching a confluence of resistance levels, which could lead to a local high before reaching $200. Long-term wave numbers suggest that SOL’s adjustment is not yet complete…