Author: Crypto Flexs

XRP price is struggling to clear the resistance at $0.6420. The price needs to remain above the $0.600 support for a fresh hike in the near term. XRP is slowly declining from the $0.6420 resistance zone. The price is currently trading below $0.6120 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair, there is a major bullish trendline forming around support at $0.6020 (data source from Kraken). The pair could gain bearish momentum if the price closes below the $0.600 support line. Support for XRP price return After a steady rise, XRP price struggled…

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XRP price continues to undergo a correction phase. Investors want to know if Ripple’s price will soon rebound and resume its upward trajectory. Over the past day, the price of Ripple has once again been on a downward trend. This raises the question of when Ripple’s correction phase will end. XRP Price Hurdle: Bearish Rejected by $0.632 Fib Resistance Over the past seven days, the XRP price has partially recovered from the correction. However, starting yesterday, Ripple’s price trajectory turned downward again. The recent decline occurred after Ripple faced bearish rejection at the 0.382 Fibonacci resistance level, which is around…

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Binance, a leading cryptocurrency exchange, announced the extension of its commission-free trading promotion for the Japanese Yen (JPY) spot trading pair. With this update, all users will be able to enjoy zero maker and taker fees on JPY spot trading pairs until further notice. Binance responded to popular demand by expanding its commission-free trading promotion for JPY spot trading pairs. This means that users can trade JPY spot pairs on the Binance platform without any maker or taker fees. The promotion applies to both existing and new JPY spot trading pairs. Users can refer to the Binance support page for…

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Polkadot, a blockchain platform designed for interoperability between different blockchains, is seeing a surge in new users, but a disconnect between user growth and network activity is raising questions about its long-term viability. According to the latest figures, DOT hit record highs in March with active wallets and unique accounts exceeding 600,000 and 5.59 million respectively. This signals growing interest in the platform, potentially driven by a thriving developer ecosystem on Polkadot’s parachain, a specialized blockchain connected to the main Polkadot chain. Moonbeam, a popular parachain, played a particularly important role, contributing to the number of active addresses close to…

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Steven Nerayoff, an early advisor to the Ethereum network, has filed a lawsuit against the U.S. government, alleging false allegations and abuse. The lawsuit, filed under the Federal Tort Claims Act, seeks $9.6 billion in damages over the extortion case. Nerayoff claims federal agents were aware of the unfounded allegations and engaged in harassment and intimidation tactics. Steven Nerayoff, an early advisor to the Ethereum network, recently filed a lawsuit against the U.S. government over false and abusive allegations. The lawsuit, filed under the Federal Tort Claims Act, seeks $9.6 billion in damages over the extortion case. Nerayoff alleges that…

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gaming startup Plateron It’s trying to challenge the handheld gaming dominance of established giants like Steam and Nintendo by releasing an affordable, flexible operating system that can run on all kinds of devices. And in collaboration with Mysten Labs sui-Brand model.On Wednesday, Playtron and Mysten Labs unveiled SuiPlay0x1 at the Sui Basecamp event in Paris. SuiPlay0x1 is a portable gaming device running the Linux-based Playtron OS.Expected to launch in 2025, the portable console will be able to run games built on Sui as well as blockchain games from other networks, as well as PC games from Steam, Epic Games Store,…

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Taiwanese prosecutors have charged six suspects, including David Pan, founder of ACE Exchange, one of Taiwan’s major exchanges, with money laundering and fraud involving assets worth at least $10.7 million.Prosecutors said Monday that ACE is believed to have set up an offshore entity to provide an “Alfred Wallet” service to entice investors to deposit stablecoins into so-called wallets. The suspects reportedly later transferred and laundered the assets.According to the statement, victims realized they had been scammed when they were unable to withdraw assets from their wallets. Prosecutors said the group is believed to have defrauded at least 162 individuals of…

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Solana, a high-performance blockchain known for its fast transaction speeds and low fees, has recently been struggling with network congestion issues that have led to an increase in transaction failures and delays in the launch of several cryptocurrency projects built on the platform. However, the Solana community is actively researching solutions to address these issues and improve the overall performance of the network. TLDR Solana validators voted 98% in favor of the “Timely Voting Credit” proposal to reduce consensus voting latencies and speed up transactions. Solana is currently facing network congestion issues due to an implementation bug related to the…

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In recent years, the world has witnessed a remarkable convergence of two rapidly evolving technologies: GameFi and blockchain. While each has made significant strides independently, their intersection promises to revolutionize the landscape of online streaming. This convergence represents more than just a mere collision of technological advancements; it signifies a seismic shift in the way we perceive and engage with digital entertainment. This blog delves into the synergistic potential of GameFi and blockchain, exploring how they are poised to reshape the future of entertainment and redefine the way we consume digital content. As we delve deeper into this fusion of…

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Chinese police are investigating a STFIL technical team member who moved 2.5 million FIL tokens to an unknown address during an unscheduled protocol update, and are seeking community support to protect stakeholder interests. Chinese police have begun an investigation into key technical team members of STFIL, the Filecoin (FIL) liquid staking protocol. The reasons for the investigation have not been disclosed, but STFIL has confirmed the circumstances, managed the case through legal representation and provided support to the individuals involved. While investigating and detaining key technical team members, an unexpected protocol update occurred, resulting in the relocation of 2.5 million…

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