About two weeks ago, the cryptocurrency industry faced yet another rug pulling accusation. This time, gambling platform and blockchain casino ZKasino was at the center of criticism, with many investors claiming their money was missing. Despite these claims, ZKasino continued to post X updates before disappearing from the public eye with investors’ money. In the latest development, Dutch authorities arrested a suspect and more than $12 million was seized in the process. Suspected cryptocurrency fraudster arrested The Dutch Financial Intelligence Unit (FIOD) said Wednesday that a 26-year-old man was arrested earlier this week on suspicion of pulling a ZKasino rug.…
Author: Crypto Flexs
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Sui Celebrates One Year Anniversary: A Debut Year of Growth and Tech Innovation Puts Sui at the forefront of Web3 – Chainwire housenewsroomSui turns 1: A debut year of growth and technological innovation puts Sui at the forefront of Web3 We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of…
The Australian Securities and Investments Commission (ASIC) has reached a major legal milestone in a case involving non-cash cryptocurrency payments. In a case involving BPS Financial Pty Ltd (BPS), Justice Downes of the Federal Court of Australia confirmed ASIC’s claims of unauthorized operations by the company, according to an announcement on Friday. The legal battle began in October 2022 when ASIC accused BPS of making false, misleading and deceptive statements in relation to its Qoin Wallet product. The product is a non-cash payment tool that facilitates payments from customers using digital assets known as Qoin tokens. The securities watchdog also…
Posted 1 minute ago In ~ Updated: May 3, 2024, 11:44 AM EDT Logos, a decentralized, privacy-focused technology stack, has carved out the largest manifesto document ever. Bitcoin BTC +6.42% Blocks mined as records.The inscription was 3.99 MB in size and predates the release of the Ordinals collection.In particular, the politically neutral project’s manifesto is engraved on a satoshi (the smallest unit of Bitcoin) created in block 3,479 in 2009, unlike the standard satoshi.According to Logos, the collection of inscriptions known as Logos Operators “will serve as pseudonymous identities for the first residents of the Logos technology stack, enabling people…
Bitcoin maxi Michael Saylor said several cryptocurrency altcoins, such as Ethereum and Ripple, will not achieve institutional acceptance for the next decade. MicroStrategy Chairman Michael Saylor told attendees at the annual Bitcoin (BTC) For Corporations event that Wall Street regulators consider “everything below the stack” to be unregistered crypto-asset securities. “You could see the writing on the wall when the Bitcoin spot ETF was approved in January. “By the end of May, we will know that Ethereum will not be approved, and if Ethereum is not approved this summer, it will be very clear to everyone that ETH will be…
Blast has seen explosive monthly growth in terms of new addresses. OP’s daily active addresses increased in May, while others saw their numbers decline. Layer 2 has generated quite a bit of buzz over the past few months due to its high network activity. As the first month of the second quarter comes to a close, Coin98 Analytics reports that the monthly report We highlight the status of several higher-order L2s, including: Optimism (OP), Arbitrage (ARB)zkSync Era and Base. L2 status in April According to a report by Coin98 Analytics, OP is valued at $138 million, surpassing other companies in…
According to Messari reportThe Polkadot (DOT) blockchain protocol made significant progress in terms of market capitalization, revenue, and Cross-Consensus Message Format (XCM) activity in the first quarter (Q1) of this year, while also recording a record increase in daily active addresses. . DOT market capitalization surges 16% QoQ During the fourth quarter of 2023, Polkadot’s market cap grew 111% quarter-over-quarter (QoQ), reaching $8.4 billion. Based on this momentum, QoQ will increase by a further 16% in the first quarter of 2024. Circulating Market Capitalization It amounts to $12.7 billion. Despite these gains, DOT’s market capitalization remains 80% below its all-time…
London, UK, May 1, 2024, Chainwire Humanode, a Layer-1 blockchain built with the Polkadot SDK, has become the most decentralized blockchain network to date based on Nakamoto coefficient. With 706 active validator nodes, Humannode’s Nakamoto coefficient is 236, surpassing the previous runner-up, Mina, which had a Nakamoto coefficient of 155. Currently, Polkadot is in third place. The Nakamoto coefficient is a measure of the number of node operators required to control the share of a layer 1 blockchain, enough to shut down the network if a validator modifies it. The larger the number, the more decentralized the blockchain is. “Proof-of-stake…
A few minutes ago, many of you created and loaded Ethereum Genesis blocks, marking the start of Frontier, the first live release of the Ethereum project. that much Development Team Please join me in thanking everyone for their support over the past year and a half. It’s amazing to see the progress that has occurred since those humble beginnings. first commit The vision of a censorship-resistant ‘world computer’ that anyone can program and where you only pay for what you use and nothing more is now a reality. Many of you will want to get started right away. Please check…
Cardano’s open interest is stuck between $0.68 and $0.447, showing a lack of speculative sentiment in the market. However, buyers are willing to push the value higher for higher resistance so that the token can eventually reach $1. Fibonacci is trending downward and so is the 1-day RSI. The latter represents 35. The 1-day RSI opens up the possibility of further decline in the value of ADA. The CMF indicator shows the potential for buying pressure in the market. This comes after Cardano has been trying to test the $0.52 resistance for some time. The ecosystem rejected the bull’s recovery…