In an unexpected turn of events, creditors of the now-defunct Bitcoin exchange Mt. Gox have finally received fiat repayment for their trapped Bitcoins, about 10 years after the exchange closed in February 2014. I insist. Although the report has not yet been officially confirmed, several Reddit users on the r/mtgoxinsolvency page have claimed that Mt. Gox shared his experience sending repayments denominated in Japanese Yen through PayPal.One Reddit user, Free-end254, posted a screenshot of a PayPal receipt saying, “I just received my money.” Another user was skeptical at first, believing the email was a phishing scam, but later confirmed that…
Author: Crypto Flexs
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This year has been a year in which the new wave of cryptocurrency social media apps has made great strides. Because some have opened up access and others have gained significant traction.There are broadly two categories of these apps, with some overlap. The first is called “decentralized social,” which includes social media apps that operate over a decentralized network in an effort to give users more control over their applications and prevent any significant centralized entity from taking charge. do. The second category is known as “social finance,” where applications embed cryptocurrency functionality in a very direct way, bringing monetization…
The new year looks set to be off to a tumultuous start for Chainalysis. The trial for Roman Sterlingov, set to begin on February 12th, is accused of laundering millions of dollars in money. In addition to calling into question the credibility of Chainalytic Reactor, he is currently being sued by cryptocurrency project YieldNodes. In its 2023 Crypto Crime Report, Chainalytic claimed that YieldNodes, a Hong Kong-based project that rents computing power to participate in masternode pools, is a scam. In a graph summarizing cryptocurrency fraud activity, Chainalytic described YieldNodes as the second-largest cryptocurrency fraud by revenue in 2022, with…
Hacks and exploits continue to plague the cryptocurrency industry in 2023, with cryptocurrency criminals taking advantage of weak security to cause billions of dollars in losses. Good news? According to analysts, this year wasn’t as bad as last year, which was the worst on record.Blockchain intelligence company TRM Labs said The December report said that while “a few large-scale hacks in December could close the gap,” 2023 is likely to end with “a much lower total number of hacks than 2022,” with a massive $4 billion stolen during the period. Nonetheless, there have been massive losses this year, with TRM…
One analyst explained that Worldcoin is currently breaking out of a pattern that could potentially lead to an 80% rise in WLD. Worldcoin appears to be going strong at the moment. new post At X, analyst Ali shared a 4-hour price chart of Worldcoin that shows the formation of a bull flag for the cryptocurrency. A “bull flag”, as the name suggests, is a continuous pattern in technical analysis that looks like a flag on a pole. A bull flag forms when a sharp upward trend in price slows and reverses in the opposite direction while consolidating within a specific…
Barry Silbert, founder and CEO of Digital Current Group, and Mark Murphy, president of DCG, have resigned from Grayscale Investments’ board of directors.According to the document, their resignation is effective January 1, 2024. On Tuesday, Grayscale Bitcoin Trust filed with the Securities and Exchange Commission. The SEC is currently reviewing G. BTC -2.20% This is an application for conversion to a spot Bitcoin exchange-traded fund.DCG is the parent company of Grayscale.Silbert, who served as chairman of Grayscale’s board of directors, will be succeeded by Mark Schiffke, 64, DCG’s chief financial officer. Other new members of Grayscale’s board of directors include…
Crypto analyst and trader Ali Martinez has warned that an Ethereum (ETH) competitor is suddenly sending bearish signals. Martinez says Interoperability blockchain Polkadot (DOT) could fall more than 20% from its current value, according to a report by 37,500 followers on social media platform X. The Tom DeMark (TD) Sequential Indicator, which aims to identify turning points in the market, is giving a bearish reading for DOT with a value of 9, indicating a possible correction, according to the trader. “Polkadot: TD Sequential indicator shows selling on weekly chart of DOT as it reaches major resistance at 100-EMA (exponential moving…
From December 25 to 26, the liquidation volume of the cryptocurrency market exceeded $166 million. According to CoinGlass, altcoins account for a significant portion of the losses. As of this writing, daily liquidation volume is $166.2 million, with long positions prevailing. Source: Coinglass In addition to the traditional Bitcoin (BTC) and Ethereum (ETH), trading pairs with Solana (SOL) and ORDI are leading in terms of loss volume. Source: Coinglass The most significant liquidations occurred on the Binance, OKX and Bybit exchanges. Like the market, more than 60% of these positions are primarily long positions. The falling BTC exchange rate led…
Silbert’s Digital Currency Group (DCG), which owns Grayscale, was sued by New York Attorney General Letitia James in October for allegedly defrauding more than 230,000 investors, including at least 29,000 New Yorkers, out of more than $1 billion. . James also accused Silbert of defrauding the public in an attempt to conceal large losses. DCG and Silbert rejected these claims.
The past few weeks have been a roller coaster ride for Ethereum. As Bitcoin’s dominance weakens and traders seek greener pastures, the price of Ethereum has surged to a critical resistance level near $2,500. However, a palpable sense of anxiety remains in the air, with questions about Ethereum’s long-term scalability and growing bearish whispers. Can the second-largest cryptocurrency navigate this tightrope and reclaim its DeFi crown, or will it fall from grace? Ethereum Rise: Growth, Innovation, and Challenges Beneath the surface of a rising price chart lies a complex story of strengths and weaknesses. Ethereum’s market capitalization has surged 87%…