Magic Square, a web3 app store backed by Binance Labs and others, has acquired token launch platform TruePNL for an undisclosed amount.“The acquisition was financed entirely with cash,” Andrey Nayman, founder and CEO of Magic Square, told The Block. Nayman said that as part of the deal, Magic Square acquired TruePNL’s entire front-end and back-end infrastructure, “but excluding the brand name, domains, social media accounts, and TruePNL (PNL) tokens.”MagicSquare began talks with TruePNL last month to initially explore white label solutions for its future staking and Launchpad platforms, but those discussions ultimately ended in a deal, Nayman said. “The acquisition…
Author: Crypto Flexs
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Binance Holdings Inc. will pay one of the largest corporate fines in U.S. history after a judge approved the company’s guilty plea agreement, according to the latest report. This comes months after the cryptocurrency exchange and its former CEO and founder Changpeng Zhao pleaded guilty to violating anti-money laundering laws, inching closer to a lengthy investigation by the Department of Justice (DOJ) and other regulators. Binance takes full responsibility for its past actions: Attorney At a court hearing in Seattle on Friday, February 23, U.S. District Judge Richard Jones approved a plea agreement for the world’s largest cryptocurrency exchange. The…
Hedgecoin is a revolutionary cryptocurrency that is changing the way people interact with money. With its unique features and benefits, Hedgecoin has the potential to become your gateway to financial freedom. What is Hedgecoin? Hedgecoin is a decentralized digital currency that enables secure and anonymous transactions without the need for a central authority. It is built on blockchain technology that ensures transparency and security of all transactions. Advantages of Hedgecoin Security: Hedgecoin uses advanced encryption technology to ensure the security of your transactions. Privacy: Hedgecoin allows you to transact anonymously without revealing your identity. Accessibility: Hedgecoin can be accessed and…
Ritual is collaborating with EigenLayer to enhance Ethereum’s AI capabilities by leveraging decentralized AI services and a re-staking mechanism for economic security. Ritual, a pioneering AI network, presentation Strategic partnership with EigenLayer, a protocol that extends Ethereum’s staking and security model. The collaboration is set to develop new Actively Validated Services (AVS) designed to support Ritual’s Infernet and future sovereign chains, while also providing a unique opportunity for Ethereum operators to engage in AI-driven operations with potential new revenue streams. The Ritual team plans to launch the world’s first sovereign, community-owned AI network, using Infernet as its initial product. This…
A federal judge has approved a $4.3 billion fine imposed by the U.S. Department of Justice on Binance after the cryptocurrency exchange pleaded guilty to violating anti-money laundering laws in November.
The rollout of the new L2 will take place in three phases. TRX’s price action remained optimistic, but investor confidence declined. Tron (TRX) Performance remained promising, with steady growth over the past month. This has already helped investors reap returns, but things also looked very optimistic in terms of blockchain development. Tron is doing interesting things AMBCrypto’s look at Santiment data shows that TRX’s development activity has been increasing over the past seven days. Thanks to that developer. The number of active contributors also surged last week. Source: Santiment The reason for this increase in development work may be due…
Pangolin (PNG) surged 234% in 24 hours to $0.31. Technical indicators suggest a short-term correction, but the bullish momentum continues. The Bitcoin Dogs presale raised $4,241 in a little over a week. Pangolin (PNG), the native governance token of the Pangolin DEX, has experienced an unprecedented surge, hitting multi-month highs amidst the excitement surrounding a new dog-themed NFT project called Bitcoin Dogs conducting its first-ever ICO. Bitcoin blockchain. The PNG token soared a whopping 234% in just 24 hours, reaching a high of $0.31 with trading volume surging 5,500%, as highlighted in previous news reports. Pangolin (PNG) price chart Pangolin…
CoinGecko’s research on airdropped tokens shows that early sales are critical to maximizing profits, with significant gains observed in 23 of the 50 largest airdrops. Airdropped tokens, often seen as a windfall for cryptocurrency enthusiasts, pose a strategic dilemma about when best to sell them for maximum profit. Cryptocurrency data aggregator CoinGecko recently published insightful research that could be an important milestone for airdrop recipients. When can I cash out the airdrop? According to CoinGecko’s analysis, nearly half of major airdrops hit peak token prices within two weeks of their distribution date. Specifically, 23 of the 50 largest airdrops saw…
The price of Ethereum has been fun to watch, rising more than 30% in less than two months since the beginning of 2024. Recent on-chain revelations suggest that ETH investors are approaching the market with more confidence, as it appears the cryptocurrency’s price rise is not over yet. $2.4B worth of ETH leaves Exchange: CryptoQuant An anonymous analyst on CryptoQuant’s Quicktake revealed that a significant amount of Ethereum tokens have been leaving exchanges over the past few weeks. This observation is based on the “Exchange Reserve” indicator, which tracks the amount of ETH tokens in wallets on all centralized exchanges.…
Bitcoin BTC +0.05% Mining and data center hosting company Riot Platforms generated record total revenue in 2023, according to its annual report for the year ending December 31. I submitted it today.Riot’s total revenue increased 8% from $259.2 million in 2022 to $280.7 million in 2023. Bitcoin mining revenue accounted for $189 million (67%) of total revenue, driven by increased Bitcoin production and the rising Bitcoin price. This is a 20% increase from 2022. , the company said.Riot, which operates North America’s largest Bitcoin mining facility in Rockdale, Texas, plans to reduce its Bitcoin production from 5,554 BTC in 2022…