Vancouver, Canada, April 11, 2024, Chainwire JYDS has achieved global recognition through its third CEX listing on DigiFinex, launch of JYDS Bank Stake, raising over 1000 SOL in pre-sale, AI integration and providing sustainable rewards to users. JYDS, an innovative decentralized ecosystem that aims to lead the future of finance, is proud to announce its third centralized exchange (CEX) listing and the impressive recognition of being the 18th ranked project globally by CoinGecko. This milestone highlights JYDS’ growing reputation in the cryptocurrency market and helps solidify its position as a leader in the decentralized finance (DeFi) space. Pre-sale success and…
Author: Crypto Flexs
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Australian prosecutors have reportedly dismissed Andrew Forrest’s lawsuit against tech giant Meta over cryptocurrency scam ads featuring his face on Facebook. The development is a major blow to the Australian billionaire, who has been trying to hold Meta accountable for allegedly allowing malicious actors to use his images to promote cryptocurrency scams. Australian authorities dismiss Forrest case due to insufficient evidence In February 2022, Andrew Forrest launched the first lawsuit against Meta, claiming the Silicon Valley-based company failed to prevent the company from using his image and name in fraudulent ads on Facebook. Forrest, who is also Australia’s second-richest person,…
Investment contracts are securities regulated by the SEC, so if a cryptocurrency transaction is eligible, it falls under that agency’s jurisdiction and must be properly registered under the law. Regulators have argued to lawmakers and courts that most digital assets are securities, but Coinbase and industry insiders argue that once an asset reaches the secondary market and is no longer tied to the company that issued it, tokens are more than that. . SEC’s legal scope. Answering this dispute will be fundamental to the US cryptocurrency sector.
bitcoin BTC -4.55% According to The Block’s, the next halving event is now just one week away, or about 1,000 blocks away. Bitcoin halving countdown page.The estimated countdown is based on Bitcoin’s average block creation time of 10 minutes, and as things stand, the potential date for reaching the next halving block height of 840,000 is April 20th at 9am ET (5am ET). Set to . Bitcoin’s next halving event will see the subsidy reward for miners on the network decrease from 6.25 BTC to 3.125 BTC per block.Bitcoin halving is programmed to occur automatically every 210,000 blocks, or approximately…
Bitcoin fell nearly 5%, reaching $65,000 for the first time in a week, as the overall cryptocurrency market cap fell 7%. Ethereum price also experienced a liquidation, with the largest altcoin falling 8.5% in 24 hours. According to Coinglass, more than 277,000 traders liquidated $877.79 million worth of assets in 24 hours. BTC declines are likely driven by pre-halving pullbacks and miner capitulation. There is a familiar expectation that the halving will lead to a larger bull cycle for Bitcoin. The pullback usually occurs when traders start taking profits just before the halving, anticipating a short-term high before the event.…
Decentralized finance (DeFi) has brought groundbreaking changes to the global financial landscape by relying on decentralized networks and leveraging blockchain technology for transparent and trustless financial transactions. The importance of DeFi lies in its potential to reshape financial systems, freeing them from central authorities and fostering a more inclusive and accessible global economy. In particular, the evolution of DeFi has established it as a viable alternative to traditional financial structures, gaining popularity for its ability to provide financial services to individuals who have traditionally been excluded or underserved by the mainstream banking system. . For individuals looking to increase their…
Cryptocurrency markets took an unexpected hit on April 12 with a spontaneous drop in the price of Bitcoin and major liquidations in major altcoins. Among numerous plausible reasons, including the recent price correction in the U.S. stock market, the cause of this widespread price decline is largely unknown. A cryptocurrency flash crash liquidated nearly $500 million in one hour. Bitcoin fell 4.49% on the last day, falling to $66,052, according to data from CoinMarketCap. As expected, BTC’s decline reverberated throughout the market, with major altcoins Ethereum and Solana recording daily losses of 8.12% and 12.16%, respectively. As previously mentioned, these…
The Ethereum (ETH) community has been eagerly awaiting news of the spot approval of the Ethereum Exchange-Traded Fund (ETF), which is scheduled to occur by May. However, speculation about a possible approval is growing as the U.S. Securities and Exchange Commission (SEC) has remained conspicuously silent on the matter. This speculation is fueled by the lack of concrete details about the approval process, which has investors and enthusiasts worried and excited. Bitcoin Maxi weighs in on approval of Ethereum spot ETF In the Ethereum ETF debate, notable voices from the cryptocurrency space have offered their perspectives. Max Keizer, a famous…
One analyst said the Bitcoin halving will not be reflected in prices and that the event will see “substantial changes” in the digital asset’s supply and demand mechanisms.Matt Ballensweig, Head of BitGo at Go Network, added new insight to the numerous speculations about whether the halving has already been priced in. “Digital asset investors and traders are constantly asking the question, ‘Is the halving priced?’ and with each cycle it tends to be that it is not. Likewise, many investors assumed that spot Bitcoin ETF approvals were also priced in, but ETF trading Bitcoin price rose significantly in the first…
join us telegram A channel to stay up to date on breaking news coverage With the SEC’s approval of the Spot Bitcoin ETF, investors can now see Bitcoin’s daily movements directly. This eliminates the complexity of indirect exposure seen in previous funds. But the fate of these innovative funds may depend on their ability to attract sufficient shareholder capital. Meanwhile, Hong Kong, a landmark decision is coming that will attract huge investment from mainland Chinese investors. This move could bring them into the thrilling realm of Bitcoin through the Southbound Stock Connect program. As expectations grow, mainland funds are eyeing…