Ethereum has regained its previous position as the market leader among blockchain non-fungible tokens. The product achieved sales of $17.02 million. According to data compiled by CryptoSlam, sales on the platform increased by 39.19% in the 24 hours ending 2pm. Ethereum sales are expected to surge to $43.36 billion, representing the industry’s highest level to date. Ethereum ignored Bitcoin, considering it held the top daily selling position for two days. This caps two consecutive weeks of sharp swings in which Bitcoin dominated the market on Monday and Tuesday before giving up its lead over Ethereum that became apparent on Wednesday.…
Author: Crypto Flexs
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FTX founder Sam Bankman Fried was sentenced to nearly 25 years in prison on Thursday, concluding a criminal fraud trial involving $8 billion in losses to individual investors. Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York cited Bankman-Fried’s “apparent lack of remorse” and sentenced the former billionaire to 24.25 years in prison, ordering him to pay up to $11 billion in investor and loan losses. and “flexibility toward truth.” The sentenced sentence is 15 years shorter than the sentence imposed by the prosecution. Bankman-Fried’s lawyers attempted to reshape the public perception of the…
Bhutan leads the adoption of ChatGPT with 15.96% of the population using the technology. Brunei follows with a ChatGPT utilization rate of 9.37%. The UK ranked 34th and the US ranked 39th. In an era where digital communication has become a cornerstone of everyday life, the use of AI-based chatbots has surged to provide a variety of applications from customer service to personal assistance. Among these, ChatGPT stands out as a sophisticated conversational AI that captivates users around the world with its natural language processing capabilities. According to Coinjournal.net’s analysis, the countries most addicted to using ChatGPT are: Classes nation…
London, UK, March 28, 2024, Chainwire metawin, A pioneering platform for on-chain prize competitions Native and Arbitrum Layer 2 (L2) blockchain networks Switches to field exchange function. This groundbreaking update represents a significant milestone in MetaWin’s quest to deliver an unrivaled gaming experience and provide users with faster transactions and significant fee reductions. By embracing the capabilities of the Base and Arbitrum L2 chains, MetaWin not only improves the efficiency of its platform, but also solidifies its position as an innovator in the blockchain gaming industry. The integration allows users to easily deposit and withdraw funds on or across chains,…
SingularityNET, Fetch.ai, and Ocean Protocol are reportedly on the verge of merging their crypto tokens into a unified ASI token. This potential merger could create a massive company with a fully diluted valuation of $7.5 billion, which could lead to significant changes in the decentralized artificial intelligence (AI) market. SingularityNET, Fetch.ai, Ocean Protocol Eye ASI token Three AI-cryptocurrency companies known for their efforts to develop blockchain-based AI solutions are in preliminary discussions regarding this merger. An announcement could come as early as March 27, according to sources familiar with the negotiations. However, this depends on the approval of each community.…
FTX cryptocurrency exchange founder Sam Bankman-Fried has been sentenced to 25 years in prison by a New York judge for orchestrating the theft of $8 billion from FTX customers.🚨 BREAKING NEWS: Judge sentences Sam Bankman to 25 years in prison for multibillion-dollar FTX fraud. pic.twitter.com/M9HotmBma2— Bitcoin Magazine (@BitcoinMagazine) March 28, 2024 The sentence, handed down by U.S. District Judge Lewis Kaplan, comes after Bankman-Fried was found guilty on seven counts of fraud and conspiracy related to the 2022 collapse of FTX. Judge Kaplan rejected Bankman-Fried’s claim that his clients had not lost money and condemned him. During his trial he…
Bitwise filed an application for a spot Ethereum ETF with the SEC on March 28. The company filed a Form S-1 for a fund called the Bitwise Ethereum ETF. Like other similar applications, this fund aims to provide exposure to the value of ETH held in trust. The filing includes several important details: Bitwise aims to list on the NYSE Arca exchange and plans to use Coinbase Custody as its custodian. However, information on items and fees was not disclosed. Bitwise’s application discusses Ethereum staking as a broader aspect of Ethereum itself. However, this application, unlike competing applications from Ark…
Funding • March 28, 2024 3:24 PM EDT Posted 1 minute ago In ~ Updated: March 28, 2024, 3:30 PM EDT Bitwise has applied for the right to launch a spot ether exchange-traded fund, as questions continue to hover over whether the Securities and Exchange Commission will be able to approve such a product.Bitwise submitted Form S-1. Because of something called Bitwise. Ethereum ETH +2.08% ETFs with SEC on Thursday. The move follows comments made by the company’s CIO, Matt Hougan, earlier this month. It might be better if the SEC doesn’t approve any new products in May, when it…
In a strategic move to strengthen its position in the cryptocurrency market and solidify its influence in Korea, Floki, together with its sister company TokenFi, has established an important partnership with the World Table Tennis (WTT) Championship. As the official cryptocurrency partners of the WTT Champions event in Incheon, South Korea, Floki and TokenFi will take center stage at one of the world’s most famous sporting events. The WTT Champions event, scheduled to take place at the Mohegan INSPIRE Entertainment Resort from March 27-31, is expected to attract a global audience. Floki and TokenFi are ready to leverage this opportunity…
PEPE maintained its bullish structure in H12. The key swing points shown on the chart are where we can see the PEPE short-term trend reversing. Pepe (PEPE) has been trapped below lower period resistance levels for the past few days. Although the bullish momentum from earlier this month has stalled, the long-term bias remains positive for Memecoin. A recent AMBCrypto report highlighted underweight sentiment towards PEPE. According to the report, selling pressure is also increasing. PEPE bull market unable to fight short-term selling pressure Source: PEPE/USDT on TradingView The market structure for PEPE was bullish on the 12-hour chart. A…