Soccer star Cristiano Ronaldo is being sued for allegedly promoting unregistered securities on Binance, according to a class action lawsuit recently filed in the U.S. District Court for the Southern District of Florida.In 2022, Ronaldo signed a multi-year deal with Binance to launch his first NFT collection ahead of the Football World Cup. He later became a prominent figure in Binance’s advertising campaigns, leveraging the former Manchester United, Real Madrid and Juventus player’s global fan base. 1 million Social media followers.The lawsuit alleges that Ronaldo engaged in a “persistent and aggressive” promotional campaign against Binance and that the promotions were…
Author: Crypto Flexs
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In 2008, an eight-page white paper outlined the new form of money. Today we celebrate Bitcoin’s 15th anniversary. On October 31, 2008, an anonymous entity named Satoshi Nakamoto published a white paper on a decentralized “P2P electronic cash system”. The Bitcoin white paper was a direct response to the systemic weaknesses revealed by the 2008 financial crisis. With its fixed supply and decentralized nature, it offers a radical alternative to world government-issued currency systems. 1 million drachmas, Greece, 1944 The Problem: The Politicization of Money The value of government-issued currency comes from the holders’ trust in the institutions that issue…
In a significant legal development, Dutch cryptocurrency companies including Binance successor Bitvavo and Coinmerce have won their battle against a hefty $2.3 million fee imposed by Dutch regulators. The Rotterdam court ruled that the Dutch National Bank (DNB) exceeded its legal powers by charging the companies with anti-money laundering registration. The court’s ruling, handed down on Wednesday, declared that DNB’s assessment of registration requests went beyond the scope of registration obligations imposed on cryptocurrency service providers under European Union anti-money laundering rules. The court also emphasized that existing cryptocurrency regulations do not allow it to lawfully impose 2021 supervision fees…
EOS Network Foundation has partnered with Upland and Aerial. This collaboration will make EOS the first “climate positive” blockchain network. EOS uses a Proof of Stake (PoS) consensus mechanism. The EOS Network has achieved a landmark milestone among blockchain networks, with its vision for a green blockchain crystallized through a recent collaboration between the EOS Network Foundation (ENF) and Upland, the Web3 platform for the metaverse. EOS is “Climate Positive” EOS was already a carbon neutral chain, but ENF worked with Upland and sustainability platform Aerial to evolve the EOS network from a carbon neutral blockchain to now a “climate…
tl;dr EELS is a reference implementation of Python’s execution layer.It is up to date on mainnet.Fill out tests and pass existing tests.Below is an example of an EIP implemented in EELS. introduction After more than a year of development, we are excited to introduce it publicly. Ethereum Execution Layer Specification (Also known as EELS) EELS is a Python reference implementation of the core components of an Ethereum execution client with a focus on readability and clarity. Intended as a spiritual successor yellow paper Fork after merge makes it programmer friendly and up to date. EELS can populate and run health…
As a cryptocurrency enthusiast, I have used many trading automation tools, but recently through this research, I came across a very unique and useful tool called “Cornix”. At first glance, this tool seemed like any other automated cryptocurrency trading tool, but as I spent more time exploring this platform, I was surprised by one of its features that will inspire you to become a better trader technically and generate additional profits. Yes. Your trading skills. Perhaps this feature alone would have made you think more seriously about cryptocurrency trading and decided to take an advanced cryptocurrency trading course. We will…
A very important decision was made in the U.S. District Court for the Southern District of New York. A judge named Gregory Woods granted an order requiring Voyager Digital and its affiliates to pay $1.65 billion to the Federal Trade Commission (FTC). The ruling, filed on November 28, 2023, comes after a settlement was negotiated between Voyager and the Federal Trade Commission last October. This agreement marks an important turning point in the regulatory control of Bitcoin lending companies. The Federal Trade Commission has taken legal action against Voyager Digital and its former CEO Stephen Ehrlich, accusing the company of…
A widely respected cryptocurrency analyst says Uniswap (UNI) is on the verge of entering a significant upward trend. Pseudonymous cryptocurrency trader Rekt Capital says 371,600 followers on social media platform “Uniswap is at the moment of breaking away from these macro market structures. We need to break the top of this pattern and reclaim it as support to enter a new macro uptrend.” Source: Rekt Capital/X Uniswap is trading at $6.25 at the time of this writing, slightly above traders’ diagonal resistance. merchant island announcement Stablecoin Tether’s (USDT) declining dominance of overall cryptocurrency market capitalization indicates that holders are exchanging…
Summary Just like that, cryptocurrency and non-fungible token (NFT) digital donations are now the fastest-growing new type of donation to charities around the world. Consider these 5 top points: 1. Over $300M in crypto has been gifted in the last year, and most recipient nonprofits have opted to auto-convert cryptocurrency to dollars or equivalent upon donation.2. More sophisticated ways to receive crypto gifts, like endowments and trusts, can hold cryptocurrency for future conversion.3. Nonprofits should move now to set up donation systems so that donors can choose them when making tax-free gifts.4. To receive crypto donations, many nonprofits need a…
Professional soccer star Cristiano Ronaldo is facing a proposed class action lawsuit for allegedly actively participating in the promotion of unregistered securities on Binance. The lawsuit alleges that Ronaldo’s NFT promotions tied to Binance encouraged investments in unregistered securities, including Binance’s BNB and cryptocurrency yield programs.Ronaldo’s Influence and Binance’s Legal IssuesThe lawsuit highlights the substantial influence of Ronaldo, who has 850 million social media followers, and his role in promoting Binance. The legal action comes as Binance and its founder Changpeng “CZ” Zhao face their own legal issues, including a $4.3 billion settlement for violating anti-money laundering laws and operating…