OneCoin’s Ponzi founder learns his fate. Coinbase, Telegram, and MetaMask have all introduced new features that will return Bitcoin miners $500,000 in transaction fees. This week we bring you these stories and more in cryptocurrency. $4 billion Ponzi founder sentenced to 20 years in prison Karl Sebastian Greenwood, co-founder of the $4 billion OneCoin Ponzi scheme, has been sentenced to 20 years in prison for his role in one of the largest cryptocurrency frauds. Greenwood pleaded guilty to creating fraudulent cryptocurrencies with business partner Ruja Ignatova, known as the ‘Crypto Queen’. The judge labeled OneCoin a ‘classic scam’, highlighting its…
Author: Crypto Flexs
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Javier Milei secures more than 55% of votes in runoff presidential electionBitcoin-friendly candidate Javier Milei has won Argentina’s presidential runoff, securing more than 55% of the vote with nearly 99% of votes counted, according to a Bloomberg report. Millay’s opponent Sergio Massa has conceded the election, and Millais is scheduled to take office on December 10.Milei’s Central Bank Criticism and Bitcoin EmbraceMailay has called Argentina’s central bank a “fraud” and a tool for politicians to impose inflationary taxes on citizens. He sees Bitcoin as a move to return control of money to the private sector.Economic hardship and inflation crisisThe election…
quick take Digital asset brokerage Fasset has secured a Virtual Asset Service Provider (VASP) license from Dubai VARA, coinciding with a strategic investment from Investcorp. This achievement highlights the growing institutional interest in blockchain technology in the region. Fasset aims to empower emerging markets by facilitating access to digital assets and plans to launch its service in January 2024, following a successful beta launch next month. Fasset secures VASP license in Dubai amid growing interest in blockchain faceta famous digital asset brokerage, has acquired a Virtual Asset Service Provider (VASP) license. Virtual Asset Regulatory Authority (VARA) In Dubai, UAE. The…
summary: Hello, Ethereum community! We are pleased to announce that the fourth cohort application period for the Ethereum Protocol Fellowship (EPF) has officially opened! EPF is an initiative that aims to support the development of Ethereum’s core protocols by providing a path for aspiring protocol contributors to gain the experience they need to make meaningful contributions. This program is specifically tailored for developers and researchers with an undying passion for Ethereum, its community, and the possibilities of decentralized technology. In each cohort, we seek to assemble a diverse group of fellows who will work to advance Ethereum technology over the…
These asset movements have been noticed consistently since FTX filed for bankruptcy, leading many to speculate as to the basis for these moves. According to a recent tweet from Spot on Chain, cryptocurrency accounts linked to collapsed cryptocurrency exchange FTX and its sister trading firm Alameda Research executed over $10 million worth of token transfers across six currencies within 12 hours. The move includes some of the remaining digital assets still under the control of FTX’s bankruptcy administrators. The frequency and strategy of withdrawals has led many people to wonder why they occur. In the tweet, Spot on Chain received…
Those responsible for the $8.5 million hack of Platypus Finance, an Automated Market Maker (AMM) protocol, in February 2023. avalanche Avex -2.40% A French court cleared him of criminal charges, according to a report from . world. The defendants, identified by Le Monde as brothers Mohammed and Benamar M., are: be arrested Just a week after the hack occurred, information from cryptocurrency detectives ZachXBT and Binance helped lead French authorities to the brothers. According to Le Monde, French authorities have charged 22-year-old Mohamed with several charges related to the attack, while his older brother is accused of shoplifting. According to…
Whales have accumulated massive amounts of LINK, contributing to the rise of decentralized oracle service provider Chainlink, according to a report by analytics firm Santiment. Santiment says the top 200 Chainlink wallets have added $50 million worth of LINK over the past five weeks, helping the altcoin significantly outperform Bitcoin (BTC). “Chainlink is once again leading the way in the altcoin space, aided by the continued accumulation of top whales. The 200 largest wallets added over $50M worth of LINK in ~5 weeks. In 5 months, its market cap is +143% overall and +93% compared to Bitcoin. source: Mood/X As…
BitPay Bill Pay gives you the convenience of processing your monthly car loan payment in cryptocurrency using virtually any wallet and directly to your financial institution using the best cryptocurrencies available through the BitPay app or directly on our website.More than 100 million Americans struggle with car loan payments, often with a huge monthly financial burden. The BitPay app now allows you to pay for these car loans with Bitcoin or other cryptocurrencies, introducing a new level of convenience and efficiency. Discover the simplicity of paying off car debt with digital currency in our brief guide to BitPay Bill Pay.How…
The total value locked (TVL) in decentralized finance (defi) is currently at $48.91 billion and on the verge of exceeding the $50 billion threshold. This figure represents a significant rebound from the low of $36.39 billion on October 18, 46 days ago. During this period, DeFi’s TVL experienced a strong growth of 34.40%. advertising Defi TVL expected to break the $50 billion barrier The top 10 DeFi protocols have shown impressive performance recently, with two major liquid staking applications driving this growth. Lido, a leading DeFi protocol, saw a notable surge of 20.17% in the 30-day indicator, while…
Regulations are behind the wave of companies moving or deploying initiatives in the UAE. The country has introduced a regulatory framework for Decentralized Autonomous Organizations (DAOs), virtual asset providers, Metaverse, and other Web3-related entities. By providing regulatory clarity and a clear path to compliance amid the US crackdown, the UAE is moving one step closer to achieving its goal of becoming an international financial hub for digital assets. Predictions about how this will impact the future of the UAE or the cryptocurrency space itself vary, but history shows how countries have used regulatory gaps to build new industries or suppress…