Alexander Vinnik faces sentencing after pleading guilty to a wide range of criminal offensesAlexander Vinnik, the Russian co-founder of the now-defunct cryptocurrency exchange BTC-e, has pleaded guilty to money laundering charges, a major development in a case that captured global attention. The admission comes as part of a broader investigation that uncovered numerous illegal activities facilitated by BTC-e, an exchange that reportedly processed more than $9 billion in transactions between 2011 and 2017.Details of guilty pleas and pending sentencingVinnik’s guilty plea was filed in federal district court, admitting his involvement in orchestrating a money laundering scheme through the BTC-e platform.…
Author: Crypto Flexs
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After a busy 12 months that included launching the mainnet and announcing new partnerships with TikTok’s parent company ByteDance and Google, and Mysten Labs, the creator of Layer 1. Sui Sui -2.62% Protocol is confident that blockchain technology will reach the proverbial turning point.“A killer app for web3 is coming. The ChatGPT moment is just around the corner.” Evan Cheng, CEO and co-founder of Mysten Labs, added in an interview with The Block that the current uptick coincides with web2 technology giants expressing more interest in blockchain than ever before. “We’re seeing a lot of interest from more established companies.…
Today, the ability to manage multiple currencies through a single platform has become more than just a convenience, it’s become a necessity. As cryptocurrencies continue to diversify and become integrated into mainstream financial transactions, multi-currency cryptocurrency wallets are becoming increasingly important. In this post, we look at how these wallets are shaping the future of financial management and why they play a pivotal role in the current economic ecosystem.What is a multi-currency cryptocurrency wallet?Unlike traditional wallets that typically support a single type of currency Multi-currency cryptocurrency wallet We provide a variety of platforms to participate in the global digital economy.…
The price of Bitcoin (BTC) has rebounded more than 12.50%, surpassing $64,000 on May 4, just three days after hitting a two-month low of around $56,550.BTC/USD daily price chart. Source: TradingViewThis resurgence has been largely fueled by the US Federal Reserve’s promise to keep interest rates unchanged throughout 2024. Additionally, positive US employment data showing unemployment claims falling to their lowest level since mid-February further supported Bitcoin’s continued price recovery.Is Bitcoin likely to continue its upward trend, or are we expecting another downtrend?Potential to retest $60,000 supportIn terms of price chart technicals, it is likely that Bitcoin will undergo some…
Zurich, Switzerland, May 3, 2024, Chainwire Galaxis is preparing to launch its token on Bybit this month, with the first phase launching through an IDO. To further enhance this launch, Galaxis has announced a significant $1,000,000 Community Creator and Community Member Grant Program. This initiative encourages both community creators and members to actively participate in the Galaxis ecosystem. Known for its partnerships with Mike Tyson, Steve Aoki, and the NBA, Galaxis fosters the Web3 creator movement by providing a platform for creators to profit from their work. A distinctive feature of the platform is custom membership cards. This card is…
On Wednesday, ETH, its native coin, was minted. Ethereum The blockchain experienced significant rejection at the $2,871 resistance level. Following this rejection, the price of Ethereum has shown significant gains of over 9% and is showing signs of rising further. At the time of writing, the price is still showing strong signs of rising towards the 100-day simple moving average (SMA) and trendline on both the 4-hour and 1-day time frames. The price of ETH is currently trading around $3,116 and is up about 0.47% over the last 24 hours. Take a closer look at the Ethereum charts with the…
Railgun researchers say U.S. regulators and prosecutors have not launched a campaign against cryptocurrency privacy protocols and are generally positive and genuinely interested in understanding developments in the broader cryptocurrency market. Railgun researcher and advocate Alan Scott Jr recently reported that U.S. senators and intelligence agencies are not opposed to privacy-focused encryption protocols. These comments come after US agencies recently implemented a tough crackdown on several privacy platforms and cryptocurrency mixers. Speaking at ETH Global in Sydney on Thursday May 2, Scott said he had recently spoken to senators and the FBI in Washington DC. But he didn’t find any…
While the cryptocurrency market is experiencing a cooling off, one meme coin is refusing to let in the cold. PEPE, the internet’s famous frog-adorned token, has defied a recent bearish trend with a surge in price and trading activity. This resilience has fueled speculation about a potential “bullish breakout” in the coming days, with some analysts predicting astronomical gains. PEPE withstands the storm. While Bitcoin and Ethereum have taken a breather in recent weeks, PEPE has shown surprising strength. PEPE, unlike its more established competitors, has not succumbed to the broader market cooling. In fact, meme coins are up slightly…
Bitcoin (BTC) rose to $64,500 on May 4 as after-hours trading led to fresh BTC price gains.BTC/USD 1-hour chart. Source: TradingViewBitcoin volatility rises as the weekend beginsBitstamp saw a new local high of $64,522 in May, according to data from Cointelegraph Markets Pro and TradingView.Strength in U.S. employment data accelerated the daily close, encouraging signs of recovery in the cryptocurrency market, including the first inflows into Grayscale Bitcoin Trust (GBTC) in nearly three months.BTC/USD is up 5% month-over-month as of this writing, according to data from monitoring resource CoinGlass, compared to a 15% loss already in April.BTC/USD monthly returns (screenshot).…
A closely followed cryptocurrency strategist is updating his outlook for hot altcoins amid a cryptocurrency market correction. Pseudonymous analyst Altcoin Sherpa says The 215,800 followers of social media platform “ONDO: Still one of the best performing coins and remains at the top. He is still the leader of RWA today. I think this looks strong. But it’s not a very active trade. “For now, it’s better to just buy and hold.” Source: Altcoin Sherpa/X ONDO is trading at $0.839 at the time of this writing, up more than 920% from its low of $0.082 on January 18th of this year.…