Author: Crypto Flexs

Dubai Virtual Asset Regulatory Authority (VARA) has granted a conditional license to Enjinstarter’s AYA platform to provide cryptocurrency assets and investment services. On December 11, Enjinstarter, the Dubai arm of Web3 Launchpad and advisory firm, received a cryptocurrency license subject to certain conditions before launching services. The platform will undergo regulatory revalidation and approval after meeting all requirements of Dubai regulator VARA. The announcement is as follows:“The license will not be operational until the company fully satisfies all remaining conditions and selects the localization requirements defined by VARA.”Enjinstarter has not yet responded to Cointelegraph’s request for comment on its outstanding…

Posted 1 minute ago In ~ Community members of derivatives protocol Synthetix have approved governance proposal SIP-2043, targeting its termination. SNX +8.08% Token inflation.The cessation of inflation will lead to the adoption of new strategies, including token buybacks and burns, which are scheduled to be implemented in the protocol’s future Andromeda software releases.As a result, Synthetix stakers will no longer need to claim weekly inflation token rewards.Inflation rewards were initially introduced to encourage liquidity and growth, but the core team noted that token inflation “becomes less effective as an incentive, leading to its termination.”Going forward, the project plans to reduce…

Avalanche (AVAX) appears to be one of the few major cryptocurrencies that has been able to overcome the recent cryptocurrency decline, posting a phenomenal 79% weekly gain while other cryptocurrencies fell.Some analysts believe this is due to recent partnership announcements and increased trading volume and total value fixation, while others claim there is a change in the way altcoins are valued.Bitcoin (BTC) and Ethereum (ETH) plunged 6% on December 11, while AVAX rose 13.6% in the past 24 hours, according to CoinGecko data. Avalanches have increased by 79% over the past seven days. Source: TradingViewRyan Mcmillin, chief investment officer at…

In an important development for institutional adoption In the digital assets sector, M&G Investments, the asset management arm of pension giant M&G Plc, has invested $20 million in a UK-based cryptocurrency derivatives trading platform. According to a recent Bloomberg report, this move represents a step forward in restoring institutional trust in the cryptocurrency market following the FTX collapse last year. report. High scores for cryptocurrency derivatives platform M&G Investments acquired the stake as part of a $30 million Series B, according to Bloomberg. funding round For Global Futures and Options Ltd., known as GFO-X. The capital injection was made on…

China’s six major social media platforms, including WeChat, Sina Weibo, Douyin, Kuaishou, Bilibili and Xiaohongshu, require content creators with more than 500,000 or 1 million followers to disclose their real names or the real names of their financial backers. State media reported in October.

Bitcoin price plunged again, retesting the $40,000 support zone. BTC is rising, but needs to liquidate $42,350 to move into the positive zone. Bitcoin is attempting a fresh increase from the $40,000 support zone. The price is trading below $43,600 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above a bearish trend line connecting with resistance near $41,300. A break above the $42,350 resistance area could provide bullish momentum. Bitcoin price remains supported Bitcoin price fell significantly below the $43,500 and $43,200 support levels. BTC fell below…

join us telegram A channel to stay up to date on breaking news coverage Synthetix price prediction could continue to stabilize above the 9-day and 21-day moving averages as the coin heads to the upside. Synthetix predictive statistical data: Current Synthetix price – $4.67 Synthetix market cap – $1.3 billion Synthetix Circulation Volume – 300.3 million units Synthetix total supply – 328.1 million units Synthetix CoinMarketCap Ranking – 50th SNX/USD Market Main level: Resistance levels: $5.5, $6.0, $6.5 Support levels: $3.5, $3.0, $2.5 SNXUSD – daily chart Looking at the daily chart, SNX/USD continues to trade above the 9- and…

A dynamic and rapidly developing sector, the blockchain gaming industry is expected to surge from a valuation of $154.46 billion in 2023 to $614.91 billion by 2030, registering an impressive compound annual growth rate (CAGR) of 21.8%.​​​​​​ . This remarkable growth trajectory highlights how blockchain technology is increasingly integrated into gaming, providing an innovative blend of entertainment and digital asset management. New trends in blockchain games 1. Emergence of DAOs in games: One notable trend is the integration of DAOs (Decentralized Autonomous Organizations) in games. Pioneered in games like Alien Worlds, DAOs allow players to participate in on-chain governance and…

U.S. officials will seize money from victims of bankrupt cryptocurrency company FTX Trading Ltd. unless a judge rejects the government’s demands for $24 billion in unpaid taxes. The Internal Revenue Service (IRS) must substantiate its claims against FTX and show how it assessed the taxes it owed, FTX lawyers said in a new filing. The move is the latest in a months-long dispute between the IRS and the FTX Bankruptcy Foundation over how much the failed exchange and its affiliates owe the government in unpaid taxes. FTX claims it doesn’t owe the IRS anything, but the agency wants $24 billion…

U.S. Sen. Elizabeth Warren, D-Mass., has garnered more support from her colleagues for legislation to crack down on alleged use of cryptocurrencies for illicit finance.Warren, who has often been critical of the cryptocurrency industry, said Monday that five senators had: joined We jointly propose the ‘Digital Asset Money Laundering Prevention Act’. bill, Criticism of the cryptocurrency industry It aims to extend Bank Secrecy Act requirements, including know-your-customer rules, to miners, validators, wallet providers, and more.Three of the five new additions, Sens. Raphael Warnock (D-Ga.), Laphonza Butler (D-Calif), and Chris Van Hollen (D-Md.), sit on the Senate Banking Committee along with…