“The fraud and deception is so widespread that more and more people are reporting similar losses,” James said in a statement. “These illegal cryptocurrency schemes and the devastating financial losses suffered by real people are yet another reminder of why we need stronger cryptocurrency regulation to protect all investors.”
Author: Crypto Flexs
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In the dynamic cryptocurrency market, seasoned investors and whales in the Solana (SOL) and Cardano (ADA) ecosystems actively explore new opportunities to diversify their portfolios. In this ever-changing environment, a promising new cryptocurrency has emerged, Bitcoin Minetrix ($BTCMTX), capturing the attention of astute investors with its explosive potential to soar in 2024. This enigmatic digital asset has garnered significant interest from whales previously focused on Solana and Cardano, signaling a strategic shift in their investment strategies. With the cryptocurrency community watching intently, the influx of existing players joining this nascent project hints at what could be a groundbreaking year ahead.…
Dubai, UAE, February 9, 2024, Chainwire CoinMarketCap Research, the research arm of CoinMarketCap, the world’s leading cryptocurrency data authority, has published an in-depth analysis of stUSDT, an innovative stablecoin that allows users to earn by staking USDT. This report scrutinizes how stUSDT bridges DeFi and traditional finance by providing users with exposure to real assets, such as short-term Treasury bonds, within cryptocurrency boundaries. A unique feature of stUSDT is its decentralized governance mechanism through RWA DAO, which allows stUSDT holders to actively participate in decision-making through on-chain voting. As detailed in the report, the DAO community votes to shape variables…
Flood, a decentralized exchange integrator focused on the Ethereum ecosystem, has raised $5.2 million in a seed funding round.Flood said Thursday that Bain Capital Crypto led the round, with participation from Archetype and Robot Ventures. Flood co-founder and CEO Francesco told The Block, adding that the round was scheduled to close in the summer of 2023 and consisted of equity with token warrants. He declined to comment on the valuation, but said there was also a “smaller” funding round a year ago with the same investors and several angel investors.Francesco, a former software engineer at UMA Protocol, declined to reveal…
Since its mainnet launch earlier this week, the new altcoin has surged more than 96% in the past three days. Dymension (DYM) is a layer 1 blockchain that aims to serve as a network for “RollApps,” which the project defines as fast, modular chains that operate on gaming, decentralized finance (DeFi) protocols, and non-fungible tokens (NFTs). . Speaking of projects, “Dymension was conceptualized two years ago as a monumental vision to add another dimension (Y-axis) to interchain by building a modular internet of rollups. Today, a new chapter in blockchain begins with the first block and the birth of Dymension……
The purpose of the checksum is to ensure data integrity during transmission. Given that WIF stands for Wallet Import Format, we assume that private keys in this format are being transferred from one place to another and that people typically want to verify that the transfer was successful. If your format has a built-in checksum, you can quickly perform an integrity check upon import and notify the user of any obvious errors.
Crypto analyst Jacob recently shared his thoughts on what to expect from cryptocurrencies. Ethereum, Solanaand chain link token. His analysis shows that these major altcoins could see significant price movements in the near future. Ethereum holding above $2400 could be a turning point. On how “significant” the $2400 price level is, Jacob said: figure On the Paul Barron Network ETH could go up to $2500. And if it holds up to more than that, it’s more than that. However, the cryptocurrency analyst suggested that this will not be easy, highlighting the formation of a bearish trend with ETH price heading…
New York Attorney General Letitia James has amended her lawsuit against Digital Currency Group (DCG) and its affiliate Gemini Trust Co., increasing the damages claim to $3 billion. The extended lawsuit was filed just hours after Genesis Global reached a settlement with New York over allegations it defrauded customers through its terminated Gemini Earn program. The settlement reflects claims from more than 230,000 investors, indicating the scale of the alleged fraud is much larger than previously thought, according to recent court filings. The lawsuit originally sought $1.1 billion last October, but that figure was increased following new investor testimony about…
Ethereum’s Duncan upgrade, expected in mid-March, will introduce a technique called “proto-danksharding.”This upgrade is capturing the attention of Ethereum enthusiasts with its potential to enhance layer 2 solutions such as zkSync, Optimism, Arbitrum, etc. and marks Duncan as an important development for the future.Proto-danksharing (or EIP-4844) aims to include more data in Ethereum transactions without impacting block processing times by incorporating off-chain ‘data blobs’. It is touted as the key to Layer 2 scalability in the network, providing the ability to take advantage of increased data capacity.As a result, transaction costs on Ethereum Layer 2 are expected to decrease significantly.…
Solana’s recent downtime has raised doubts, but Solana’s resilient ecosystem has surpassed TVL records. Despite the decline in sentiment, the price of SOL rose. The recent downtime of the Solana (SOL) network has raised concerns among skeptics about the future of the network and its ecosystem. Solana moves forward But even amid these doubts, the Solana ecosystem seemed resilient and thriving. Recent data shows that Solana surpassed its previous Total Value Locked (TVL) record on January 1st. As of the latest update, TVL, measured in USD and SOL, has reached its highest point since November 2022, indicating solid performance despite…