Over-the-counter (OTC) cryptocurrency trading desk RenrenBit was founded by Zhao Dong, the infamous “OTC King.” Zhao Dong was found guilty in China of the charges against him. This conviction is a major milestone as China’s crackdown on criminal activity using cryptocurrency is intensifying. In the process, Zhao was involved in facilitating cryptocurrency and local currency transactions, which are considered illegal in the country. An in-depth investigation into sophisticated financial dealings resulted in the defendant’s conviction. To build a case against Zhao and his friends, authorities relied on a variety of evidence, including confessions, communication records, financial records, and witness testimony.…
Author: Crypto Flexs
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reporter Posted on: December 29, 2023 PancakeSwap wants to reduce the total supply of CAKE. This makes the token “ultra-sound” and usable on multiple chains. In a game-changing move, members of the governance community of popular decentralized exchange (DEX) PancakeSwap (CAKE) are voting. proposal Significantly reduces the total supply of native tokens. If this proposal is approved, the maximum supply of CAKE will be reduced by 40%, from 750 million to 450 million. 🐰💙PancakeSwap Fam, the moment has arrived! 🥞Proposal to reduce maximum supply $cake From 750M to 450M! 🌟By reducing the token supply by 300,000,000 $cakeWe believe PancakeSwap marks…
EMURGO, the founding entity of the Cardano blockchain, recently looked back on its achievements in 2023. roadmap For the ecosystem in 2024 Cardano aims to improve its position in terms of decentralized applications (DApps) and real-world Web3 solutions in 2024, with a focus on sustainable community governance, technological advancement, interoperability, and ecosystem expansion. Cardano Roadmap Revealed As EMURGO highlights in its roadmap, in 2023 Cardano has taken steps to build a sustainable environment. community governance Through initiatives such as CIP1694 and the launch of Intersect, a membership-based organization. According to the founding entities, these developments lay the foundation for a…
Initially founded as a program aimed at ‘sparking innovation’, Avalanche’s Culture Catalyst will now use the funds to purchase meme coins. The Avalanche Foundation said in a December 29 Last year, the Avalanche Foundation launched Culture Catalyst, a program aimed at empowering creators, sparking innovation, and driving blockchain adoption. This initiative seeks to better position the Avalanche to cultivate and support a variety of new forms of creativity.— Avalanche 🔺 (@avax) December 29, 2023 Founded in March 2022, the Culture Catalyst initiative initially aimed to “empower creators, spark innovation, and drive blockchain adoption,” as the foundation notes. Launched in partnership…
Posted 1 minute ago In ~ This year has been another turbulent time in the cryptocurrency industry, with the fallout from last year’s crash continuing while the market bounces back and comes back to life.During this time, a number of high-profile cryptocurrency individuals have been arrested, indicted, convicted, sent to prison, or a combination of the above. The most public of these was the high-profile trial of former FTX CEO Sam Bankman-Fried, who was found guilty on all counts and is awaiting sentencing.A lot has happened. The question is, how much of it do you remember? We’ve put together 30…
tl;dr Merge progress – minor spec updates, engineering overall progress 🚂No progress in client diversity. Be selfish and run a few clients! Merge updates First of all, fantastic work by all the engineering teams on the Kintsugi sprint, culminating in the launch of the Kintsugi Merge testnet. It’s amazing to see a total of 3 running clients and 5 consensus clients. 15 Different pairs operating from a unified front. Kintsugi🍵As the first long-running Merge testnet, , was not without excitement. that much #TestingTheMerge The effort cluttered the testnet with transactions, bad blocks, and other confusing inputs, and introduced several bugs…
Starting the journey to understanding cryptocurrency can be as thrilling as it is difficult. As the digital currency landscape is constantly evolving, keeping abreast of the latest trends and innovations is important for anyone looking to make informed decisions in this space. This guide provides a comprehensive overview of the cryptocurrency world, from the basics of blockchain technology to advanced investment strategies. Tailored for both newcomers eager to make their first foray into digital currencies and seasoned investors looking to diversify and deepen their portfolios. Our goal is to help you understand the complexities of cryptocurrency and provide you with…
Ethereum co-founder Vitalik Buterin recently proposed significant changes to the Ethereum blockchain’s proof-of-stake (PoS) system. The core of his proposal is to reduce the number of signatures that verifiers have to process. Currently, Ethereum’s PoS mechanism includes approximately 895,000 validators processing approximately 28,000 signatures per slot, placing excessive load on the network. The need for change: balancing decentralization and efficiency Loading such a large number of validators and their associated signatures has major technical drawbacks. This limits quantum resistance, complicates forks, and makes signature scaling difficult via zero-knowledge proofs (SNARKs). Moreover, the minimum of 32 ETH to become a validator…
Lucie, Shiba Inu’s Marketing Director, has announced exciting plans for 2024. This includes new play-to-earn games, Shibahub and Sheboshis releases, all on the Shibarium network. She also hinted at important developments in the Shib Metaverse. More details will be released soon. Shiba Inu reveals future plans In a recent update, Lucie, Marketing Lead for Shiba Inu, shared some exciting developments to the SHIB ecosystem planned for the upcoming year. Her announcement on the The team is also making progress on the Shib Metaverse, which is expected to be released in the near future. Switching Shiba Inu’s decentralized exchange, ShibaSwap,…
Solana rose above the $100 and $110 levels. SOL price is now correcting to the upside, but the uptrend may remain active near the $100 level. SOL price started a new bounce above the $100 resistance level against the US dollar. The price is currently trading above $100 and the 100 simple moving average (4-hours). On the 4-hours chart of the SOL/USD pair, there is a major bullish trend line forming with support near $102 (data source from Kraken). As long as the pair does not close below the $100 support line, the pair could start a new rally. Solana…