Policy • December 7, 2023 8:09 PM EST Posted 1 minute ago In ~ A federal judge in Seattle has ruled that former Binance CEO Chanpeng Zhao cannot return to the United Arab Emirates before he is sentenced in the United States in February.The same ruling was announced on November 27 and is pending further review. Prosecutors warned Zhao that he was a flight risk because of his wealth and the fact that the UAE has not signed an extradition treaty with the United States.According to a Bloomberg report today, U.S. District Judge Richard Jones on Thursday rejected the idea…
Author: Crypto Flexs
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Uphold said in a press release that Vault will make self-storage of cryptocurrencies easier for regular users. The wallet combines the on-chain security of full self-custody with the convenience of CeFi applications. The wallet has a key replacement feature that allows users to restore access if they lose their private keys. Uphold has announced the beta launch of its self-custodial wallet called Vault, and the first cryptocurrency supported is Ripple’s XRP. Uphold launches self-custodial wallet In an announcement Thursday, the cryptocurrency platform said Vault will be a “self-custodial enabled wallet.” In addition to simplifying the secure storage of digital assets,…
Polychain Capital and Hack VC led an $18 million Series A funding round for Babylon Chain, a Bitcoin (BTC) staking protocol that connects the decentralized finance (DeFi) ecosystem and the Bitcoin blockchain. According to a December 7 announcement, the funds will be used to support the development of Babylon’s Bitcoin staking protocol, which will allow proof-of-stake (PoS) networks to stake BTC, adding liquidity and security to emerging chains. It will.For context, a PoS chain is a type of blockchain that relies on participants to verify transactions. To become a validator and create new blocks, participants must stake the chain’s native…
quick take As a validator and data provider, Flare’s partnerships with leading infrastructure providers including Ankr, Retake, Luganodes, and NorthStake are set to redefine decentralized data access. By unifying verification and data provisioning, Flare aims to open up new possibilities for blockchain applications by providing developers with a fully decentralized and cost-effective way to access a wider range of data. Ankr, Figment, Retake, Luganodes, and NorthStake join Flare to enable blockchain for data. flare network Announced collaboration with a group of specialist infrastructure providers. Ankr, Figment, Restake, Luganodes and NorthStake It is set up to take on a dual role…
BTC fell to $43,000 during the day after surging near $45,000 earlier this week, suggesting traders took some profits after the largest cryptocurrency broke out from $38,000 a week ago. Recently, Bitcoin price was trading at around $43,300, down 1.1% in the last 24 hours.
The Hong Kong Securities and Futures Commission (SFC) has issued a significant warning to two cryptocurrency companies, Hong Kong Digital Institute (HongKongDAO) and BitCuped, accused of engaging in fraudulent activities. The Special Border Command (SFC), in collaboration with the Hong Kong Police Force, has taken steps to restrict access to the websites of the aforementioned companies. Emergency measures have been taken to protect investors and prevent investment fraud. During our investigation into HongKongDAO, it was discovered that the company may have spread misleading material on the Internet. This information may include false claims that you have obtained licenses and authorizations…
Are you looking for a reputable online broker house for your trading? When looking for an online broker, it is very important to consider market access. Most investors believe that all brokers offer excellent market access and this is a given. However, this is not accurate as only a select number of online brokers provide traders with access to global markets, especially the most profitable ones. Trustwave.trade is the best place for your trading.Trustwave.trade Overview Forex and cryptocurrency trading are all possible on Trustwave.trade, a comprehensive and popular trading platform. Market analysis, technical analysis, risk management tools, and other tools…
Bitcoin (BTC) options open interest hit an unprecedented milestone on December 7, surging to a staggering $20.5 billion. This impressive performance means that institutional investors are actively participating in the cryptocurrency space. Unlike futures contracts, BTC options come with a pre-determined expiration price, providing valuable insight into trader expectations and market sentiment.At the forefront of the Bitcoin options market is Deribit, which boasts an impressive 90% market share. The exchange currently has a significant $2.05 billion in open interest for options expiring on January 26. However, it is worth noting that many of these bets may lose value as the…
Stateless Rollup Versatus LASR represents a pure execution environment that relocates computing processes off-chain without the inherent responsibilities or costs associated with maintaining state and storing data. On Wednesday, December 6, Versatus Labs, a peer-to-peer web services protocol, announced a successful funding round of $2.3 million with leading investors. Republic Crypto and NGC Ventures. The fundraising values the company at $50 million. It will also help Versatus Labs bring Versatus LASR to market. The world’s first stateless rollup. Versatus has successfully secured $3.7 million in cumulative funding, with support from notable backers such as Jump Crypto, BigBrain Holdings, NGC Ventures,…
Our weekly news roundup from East Asia selects the most important developments in the industry. Hong Kong gaming company invests $100 million in cryptocurrency Boyaa Interactive International, a Hong Kong-based listed holding company specializing in online card and board games, wants to get shareholder approval to invest $100 million in cryptocurrency. According to an announcement this week, Boyaa Interactive directors will allocate $45 million of the company’s funds to Bitcoin (BTC), $45 million to Ethereum (ETH), and $10 million to exchanges such as Tether (USDT) and USD Coin (USDC). I’m trying to allocate to table coins. Commenting on the investment…