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…
Author: Crypto Flexs
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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…
May 20, 2024, Johannesburg, South Africa VALR, a Pantera-backed cryptocurrency exchange, is pleased to announce support for the TRON network, facilitating fast and easy stablecoin trading. Additionally, VALR now offers an on-chain staking product for TRON (TRX), offering annual percentage rates (APRs) of up to 3%. VALR’s new TRX staking product addresses the needs of users who want to take advantage of staking opportunities without directly interacting with DeFi protocols. VALR’s staking product is a liquid staking solution. This means users can distribute rewards over time, staking, unstaking, and re-staking at any time, efficiently earning compounded returns. All these features…
May 20th Bitfinex Alpha | A solid bottom has been established for Bitcoin, but the functionality provided by macros may be lost. Post time: 12:32h On Bitfinex Alpha Maria Lobusova subscribeTo Bitfinex Alpha! Want to receive Alpha from Bitfinex every week? subscribe Bitcoin achieved its highest daily close since April 12 last week. Following a weaker-than-expected Consumer Price Index (CPI) inflation report, BTC rose 7.54% on the day and 8.7% for the week. Further supporting the price was exchange outflows amounting to 55,000 BTC, indicating supportive market sentiment and reinforcing our view that the Bitcoin price has reached a bottom.…
OKX unveils new token listing processLeading cryptocurrency asset platform OKX has provided additional insight into its token listing process in response to feedback from customers and community members, according to a blog post on the company’s website.As one of the world’s largest venues for access to cryptocurrency assets, OKX takes the listing process very seriously. The main feedback they received was related to the time it takes for users to be able to buy, sell or trade assets in their country of residence. Some users have expressed disappointment with the highly anticipated token that was…
Share this article Bitcoin (BTC) showed a recovery of 6.6% over the past 7 days, leading investors to withdraw their BTC holdings from centralized exchanges. according to To data collection company Coinglass. Over the past seven days, 27,975.21 BTC has left the 20 exchanges tracked by the data platform, equivalent to approximately $1.9 billion at the time of writing.Coinbase Pro had the most outflows with 15,891.79 BTC leaving the exchange focused on seasoned traders. Binance came in second place with investors withdrawing 7669.64 BTC from the exchange last week.Cryptocurrency outflows on centralized exchanges are generally considered a bullish signal, indicating…
Hamster Kombat game on Telegram gained 8 million users in 4 weeks. This shows how games can be a powerful tool for Web3 projects finding an audience.
Recent fundamental buying activity in the Bitcoin market has been driving prices higher, and traders are willing to pay a premium for future Bitcoin purchases, predicting prices to rise, analysts say.“We see underlying order flow pushing the market higher, with Bitcoin’s three-month annualized rate exceeding 10% over the weekend and perpetual funding rates rising,” ZeroCap analysts said. Monday market report. The Zerocap report’s observations are consistent with those of the Velo Data chart, which shows that Bitcoin’s base rate has increased since the release of easing US Consumer Price Index (CPI) data for April last Wednesday and is currently in…