Dutch authorities have made an arrest in connection with the latest scam surrounding relatively new cryptocurrency project ZKasino. The suspect’s detention period was extended for another 14 days. Dutch authorities have made an arrest in connection with the latest scam surrounding relatively new cryptocurrency project ZKasino. The decentralized platform has promised more than 10,000 investors that they will be able to request $33 million worth of Ethereum (ETH) back once the protocol goes live. But it seems the developers had other plans. As soon as the project launched on April 20, investors could no longer redeem their bridged ETH. Meanwhile,…
Author: Crypto Flexs
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Michael Saylor makes wild speculations about the cryptocurrency landscape. MicroStrategy founder predicts that the SEC may soon target major altcoins such as ETH, ADA, and SOL. Considering the SEC’s history, Saylor’s argument may have some merit. Michael Saylor, the driving force behind MicroStrategy’s growth into one of the most prominent players in the cryptocurrency industry, is known for his unwavering support of Bitcoin. However, his stance on altcoins is equally firm. There is nothing better than Bitcoin. At MicroStrategy’s Bitcoin For Corporations conference, Saylor did not stop criticizing altcoins and made wild speculation about the SEC’s upcoming crackdown on cryptocurrencies.…
In a somewhat shocking development, Grayscale Bitcoin Trust (GBTC) The first influx was recorded after the sighting. Significant daily outflow After launch. Grayscale Bitcoin ETF records inflows of over $60 million Grayscale’s Spot Bitcoin ETF has finally broken its 82-day streak of outflows since its launch on January 11, 2024. GBTC recorded its first inflow on May 3 after witnessing outflows of approximately $17.46 billion. According to data At investment management firm Farside, Grayscale’s Spot Bitcoin ETF attracted approximately $63 million in inflows, along with other Bitcoin ETFs such as: BlackRock’s iShares Bitcoin Trust (IBIT) $12.7 million came in. The…
Vodafone, a UK-based telecom provider, wants to bring blockchain technology to smartphone users by integrating cryptocurrency wallets and subscriber identity module (SIM) cards. The ambitious move reportedly comes amid the company’s financial plans involving Vodafone Idea Ltd., a separate entity operating in India. Vodafone Group has taken on about $3 billion in debt, including $1.8 billion in loans over the next two years, and has a 45% stake. . In a recent interview with Yahoo Finance Future Focus, Vodafone blockchain lead David Palmer discussed the company’s plans to integrate blockchain technology into smartphone SIM cards.“By 2030, we expect there will…
Top news this week Former Binance CEO Zhao Changpeng sentenced to 4 months in prison Former Binance CEO Changpeng “CZ” Zhao was sentenced to four months in prison for failing to maintain an effective anti-money laundering program at the cryptocurrency exchange. Judge Richard Jones of the Western District of Washington sentenced Zhao on April 30 after he pleaded guilty last November. Prosecutors initially sought a three-year prison sentence, but Judge Jones sentenced Zhao to a shorter sentence, noting that there was no evidence that Zhao had been directly notified of specific illegal activities by Binance. The SEC and Gensler believed…
The much-anticipated Bitcoin halving happened a few weeks ago. There has been so much hype and buzz around, but the market movement has yet to warm up and join the party. Considering the volatility and inconsistent momentum affecting the general cryptocurrency market, it is good news that optimism is growing significantly in some quarters of the market. BEFE coin space! In this article, we reveal the growth momentum of BEFE Coin and examine why experts believe the price of the meme coin will skyrocket. Is BEFE Coin the next big thing? In anticipation of a bull market, smart investors primarily…
Alexander Vinnik, co-founder of the now-defunct cryptocurrency exchange BTC-e, has pleaded guilty to conspiracy to launder money, marking a significant development in his long-running legal case. Vinnik’s guilty plea came as a result of an extensive investigation that uncovered widespread illegal activity on the exchange from 2011 to 2017. BTC-e: A conduit for money laundering In a May 3 press release, the U.S. Department of Justice (DoJ) said that when Vinnik led BTC-e, the exchange processed more than $9 billion in transactions and amassed a global user base of over 1 million. Many of them are located in the United…
Coinbase, the largest U.S. cryptocurrency exchange, is facing a new lawsuit from customers who claim the company’s entire business model was illegal from the start. This is in the same context as an incident the company has already faced. The lawsuit, filed in the Northern District of California by West Coast law firm Scott+Scott on behalf of plaintiffs located in California and Florida, says Coinbase’s sales of digital assets mean the company “knowingly, willfully and repeatedly violated state securities laws.” “He said. “I’m running a business.” The company said in a statement that the claims had “no legal basis” and…
Cryptocurrency wallets lost $69.3 million worth of Wrapped Bitcoin (WBTC) due to an address poisoning attack, according to blockchain security company CertiK. Address poisoning typically involves fraudsters sending small amounts of cryptocurrency to a wallet via an address designed to look similar to a wallet, according to an explanation provided by digital asset wallet provider Ledger. The ruse is designed to trick wallet owners into accidentally copying the scammer’s address from their transaction history and sending funds to that wallet instead. In this case CertiK is note By mimicking a 0.05 Ethereum (ETH) transfer, a scammer tricked victims into sending…
Bitcoin is now at a critical crossroads that many believe will determine its price trajectory for the rest of the year. Cryptocurrency is barely came back into the $60,000 area. After going down It hit $56,000 for the first time since April. some analysts It’s an idea Bitcoin bulls have yet to really start gaining momentum, with many predicting a surge above $74,000 in the coming weeks. According to cryptocurrency analysts, the shock waves that Bitcoin has formed over the past 1.5 years indicate that the price of Bitcoin will soon surge between $90,000 and $100,000. Bitcoin to $90,000 A…