Hong Kong Securities and Futures Commission (SFC), BitForex, virtual asset fraud, cryptocurrency exchange, investor protection, suspicious activity, regulatory compliance, user complaints, hot wallet leaks. Hong Kong’s Securities and Futures Commission (SFC) issued an advisory to the public regarding cryptocurrency exchange Bitforex, raising suspicions of virtual asset fraud. The warning comes amid growing concerns about exchange operations and its ability to process user withdrawals. According to a statement from the SFC, Bitforex is not licensed or registered to offer any regulated activity in Hong Kong. The regulator received several complaints from investors who were unable to withdraw their funds from the…
Author: Crypto Flexs
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As Bitcoin surges toward an all-time high (ATH) of nearly $70,000, analysts are closely watching Ethereum, the world’s second-largest cryptocurrency, to see how quickly Ethereum will follow suit, with a price of around $5,000 printed in late 2021. Wondering if it will break the ATH record. How will Ethereum react if Bitcoin passes $70,000? Here’s what one analyst posted on Platform highlight This is the difference in the positions of the two coins compared to the last time Bitcoin surpassed its 2017 high of $20,000 in December 2020. At the time, Ethereum was trading at $600, 57% lower than its…
Bitcoin has soared since the last halving in May 2020, and miners have joined in. There were not many large-scale miners at the time. But this time, the market is crowded with large-scale miners competing for the Bitcoin reward, which is being cut from 6.25 Bitcoin to 3.125 Bitcoin. Additionally, the difficulty of block mining has risen to an all-time high, making things even more difficult after the halving.
Posted 1 minute ago In ~ The total value locked (TVL) in decentralized finance (DeFi) protocols has surpassed $100 billion for the first time in nearly two years.The last time DeFi’s TVL exceeded $100 billion was on May 11, 2022, according to The Block’s data dashboard. On this day, DeFi TVL was $112.67 billion. Rebecca said, “The recent rebound in crypto asset prices has helped TVL grow in USD terms, but we are seeing more interest in DeFi through new categories such as RWAs, which are gaining significant traction and locking up funds across DeFi protocols. We’re ramping up the…
The Ethereum Foundation has begun liquidating $13.3 million worth of Ethereum (ETH), prompting investors to consider the potential impact of the move on ETF prices. In terms of market capitalization, ETH happens to be the second most prominent cryptocurrency. Customarily, a move in the foundation marks the beginning of a market movement that predicts a subsequent decline. Nonetheless, Ethereum creates an optimistic scenario. based on Ethereum Predictions, there are positive signs. The current trading price is $3,550. Ethereum has increased in value by 14.6% over the past week, reaching a market capitalization of $420 billion, while the cryptocurrency market as…
Deutsche Börse has launched its cryptocurrency spot trading platform Deutsche Börse Digital Exchange (DBDX). DBDX will provide cryptocurrency trading services to institutional clients. Swiss-based platform Crypto Finance is its payment and storage partner. Deutsche Börse, a leading securities and markets infrastructure provider, announced the launch of its cryptocurrency spot trading platform. in press release Mondays for institutional clients. Deutsche Börse Group said the Deutsche Börse Digital Exchange (DBDX) will target institutional clients and offer a fully regulated trading ecosystem. The settlement and storage of users’ cryptocurrency assets will utilize the services of Crypto Finance, a storage service provider. Initially, access…
As Bitcoin surges toward an all-time high (ATH) of nearly $70,000, analysts are closely watching Ethereum, the world’s second-largest cryptocurrency, to see how quickly Ethereum will follow suit, with a price of around $5,000 printed in late 2021. Wondering if it will break the ATH record. How will Ethereum react if Bitcoin passes $70,000? Here’s what one analyst posted on Platform highlight This is the difference in the positions of the two coins compared to the last time Bitcoin surpassed its 2017 high of $20,000 in December 2020. At the time, Ethereum was trading at $600, 57% lower than its…
The cryptocurrency enthusiast achieved a massive 11,077x profit, turning his $3,000 investment into approximately $32.8 million in $PEPE tokens. In an encouraging twist of fate for cryptocurrency investors, blockchain analytics platform Lookonchain has reported the surprising success of an early investor in the $PEPE token. This individual’s initial investment of $3,000 skyrocketed to an estimated value of $35.5 million, highlighting the huge profit potential within the volatile cryptocurrency market. Investors initially purchased 4.9 trillion $PEPE tokens at a time when the market was relatively unaware of its potential. His strategic move and diamond hand paid off as he sold 760…
At only nine years old, Aiden is already making waves in academia and the world beyond. This prodigy has attracted the attention of experts in various fields due to his outstanding intelligence and talent. Aiden’s story is not only inspiring, but it also serves as a reminder of the amazing potential that exists in every child. Aiden’s childhood Aiden’s journey began at a young age when his parents noticed his extraordinary abilities. By the age of 3, Aiden could already read at a 5th grade level and solve complex math problems with ease. His parents knew that Aiden was special…
Transaction fees on the Ethereum blockchain have experienced a significant surge over the past 24 hours, coinciding with the price of ETH hitting a two-year high above $3,700.This development comes as the U.S. Securities and Exchange Commission (SEC) is delaying rulings on several pending cash ETH exchange-traded fund (ETF) applications.Ethereum price surge coincides with high network feesOver the past day, the price of ETH has risen about 7% at press time, reaching around $3720, its highest level since early 2022.This surge brings ETH’s overall gain over the past month to over 60%. That’s because the blockchain network reflects a broader…