A class action lawsuit filed in Florida on Thursday seeks international soccer star Cristiano Ronaldo to pay more than $1 billion in damages for his role in promoting cryptocurrency exchange Binance.The lawsuit alleges that Binance sold unregistered securities in the U.S. and operated illegally. Ronaldo claims to have used his celebrity to promote investments and drive traffic and investors to the platform.“Nationally binding laws regarding mass promotion of cryptocurrencies and unregistered securities have recently been clarified and repealed,” Adam Moskowitz, an attorney for the plaintiffs, wrote. He said that under the new standards, “promoters such as Cristiano Ronaldo who have…
Author: Crypto Flexs
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Cardano (ADA) started a new rise above the $0.30 resistance level. ADA is outperforming Bitcoin and could target a move towards $0.35 resistance. The price of ADA regained strength, surpassing the $0.265 and $0.280 levels against the US dollar. The price is trading above $0.30 and the 100 simple moving average (4-hours). On the 4-hours chart of the ADA/USD pair, there is a major bullish trend line forming with support near $0.3050 (data source from Kraken). The pair needs to stay above the $0.308 support to start a new rally in the near term. Cardano price is showing signs of…
Weekly Update #31November 30, 2023password trackingMark Collins & Demetrius TSEASregulation:NYDFS Announces New Guidelines for Cryptocurrency Listings: November 15, New York State Treasury serviceGeneral services including non-profits, forums, news sheets…See more (NYDFS) issued guidanceSetting new enhanced standards for listing and delisting virtual currency coins for all virtual currency (VC) businesses under “BitLicense”. Under previous guidance, a VC entity that previously had an approved coin listing policy may not self-certify any coins until it has submitted to the Department and received approval a coin listing policy that meets the standards in section (A). We have an approved coin destruction policy that complies…
Injectable (INJ) price surged nearly 10%, hitting an intraday high of $18.24. These gains came as OKX added support for INJ in the spot market and the community burned over $65,000 of INJ. The INJ price is 28% below its all-time high of $24.89 reached in April 2021. Injectable (INJ) price surged on Thursday as positive catalysts helped bulls break through recent resistance levels. The INJ token reached an intraday high of $18.24 and soared by nearly double digits on the day as buyers pushed the all-time high above $20. OKX, INJ listing, burn auction continues OKX added support for…
Bitcoin (BTC) ignored new US macro data at the opening on Wall Street on November 30 as traders focused on the monthly close.BTC/USD 1-hour chart. Source: TradingViewPCE maintains pressure on Fed pivot.BTC price action is sticking to a narrow intraday range below $38,000, according to data from Cointelegraph Markets Pro and TradingView.Expectations were high that the Federal Reserve’s preferred inflation indicator, the Personal Consumption Expenditures (PCE) index, would help spur volatility after failing to break out the previous day.However, at the time of this writing, that has not materialized and the final Wall Street opening of November is still to…
Leaked photos show Block’s new hardware wallet, crypto companies are flocking to Singapore, and who’s posting from Satoshi Nakamoto’s X account? This week we bring you these stories and more in cryptocurrency. Block’s BitKey Wallet Revealed A new image of BitKey has emerged, sparking anticipation for the product’s upcoming beta release. Bitkey is a Bitcoin hardware wallet being developed by Jack Dorsey’s Block and features a unique hexagonal design with an integrated fingerprint sensor for added security. Block refrained from commenting on shipping status, but announced in June that beta testers could apply to receive one of the devices for…
Our weekly news roundup from East Asia selects the most important developments in the industry. Another cryptocurrency scandal in Hong Kong Scammers posing as investment experts reportedly lured 145 victims into tipping $18.9 million to unlicensed Hong Kong cryptocurrency exchange Hounax. According to reports earlier this week, police said investors were promised returns of up to 40% per annum with “no risk” in advertisements. Users were unable to withdraw funds after depositing them. On November 1, Hong Kong’s Securities and Futures Exchange (SFC) said it had listed Hounax on a billboard for a suspicious cryptocurrency exchange, but that Hounax was…
The fintech space is undergoing a significant shift towards decentralization, and the blockchain market in fintech is expected to grow 87.7% by 2030. These statistics demonstrate fintech’s growing confidence in blockchain technology. It also highlights how revolutionary this technology is. In this article, we’ll look at why blockchain is quickly becoming an indispensable tool for fintech and how it could shape the future of the industry.Prevent duplication of transactionsduplicate transactions This is a constant challenge in the financial industry. Occurs when one transaction is processed more than once. Duplication of transactions often occurs due to human error or CRM system…
Aragon, a pioneer in DAO technology, has deployed its modular Aragon OSx DAO framework and no-code Aragon apps on Arbitrum, the leading layer 2 (L2) solution for Ethereum. This integration opens up new possibilities for DAOs by providing access to a thriving ecosystem of protocols, applications, and assets. Known for its rollup technology, Arbitrum has established itself as the industry’s most popular L2 solution with a total value of over $7 billion and a 55% L2 market share. By choosing to launch Arbitrum, DAOs can enjoy a number of benefits that can potentially transform their operations. Reduce gas costs and…
Latest blockchain technology upgrades, funding announcements and transactions. From November 30th to December. 6, Real-time updates are provided throughout.