Humanity Protocol has secured strategic investments from top VCs to advance its mission to create a Sybil-proof digital identity layer for Web3. Humanity Protocol has emerged from stealth mode to announce a successful funding round, attracting strategic investments from over 20 leading venture capital firms. This funding plan demonstrates industry confidence in Humanity Protocol’s mission to build a Sybil-resistant layer 2 blockchain for digital identity and financial inclusion. Our innovative approach to digital identity verification protocols leverages cutting-edge palm recognition technology combined with zero-knowledge proofs to ensure user privacy and security. This groundbreaking technology provides a non-intrusive and accessible way…
Author: Crypto Flexs
The FLOKI cryptocurrency has seen a stunning rise of nearly 60%, hitting its highest level in seven months. The surge follows DWF Labs, a major player in the digital asset market and Web3 investment firm, revealing plans to inject $10 million into FLOKI tokens. FLOKI, referred to as the people’s cryptocurrency, has received attention for its emphasis on utility, charity, community, and marketing. DWF Labs Pioneers Web3 Investment: $10 Million FLOKI Boost As a pioneer in Web3 investment and market formation, DWF Labs operates spot and derivatives markets on over 60 major exchanges, highlighting its influence and expertise in the…
GameCredits is a blockchain-based platform that aims to revolutionize the gaming industry. GameCredits leverages blockchain technology to provide gamers with a seamless and secure way to purchase in-game items, trade assets, and participate in esports tournaments. In this guide, we’ll look at how GameCredits can help you unlock your gaming potential. What are game credits? GameCredits is a digital currency designed specifically for the gaming industry. This allows gamers to easily purchase in-game items, trade assets, and participate in esports tournaments. The platform leverages blockchain technology to provide a decentralized and secure environment for gamers to transact. How to get…
Disgraced FTX founder Sam Bankman-Fried’s legal team called the 100-year sentence recommended by the jury “bizarre” in a court filing Tuesday.Bankman-Frid has hired a new team of lawyers, led by Marc Mukasey, when she is sentenced March 28 in Manhattan. Mukasey previously represented former U.S. President Donald Trump and members of the Trump Organizations.Now, just days after taking him on as a client, Mukasey and his team have filed a 121-page sentencing memo calling for him to receive no more than six years and six months in prison.The 31-year-old former CEO of cryptocurrency exchange FTX was found guilty on November…
Bitcoin BTC +5.74% It topped $60,000 on Wednesday, a high not seen since November 2021.The world’s largest cryptocurrency by market cap is up more than 6% in the past 24 hours, hitting $60,000 at 8:22 a.m. ET, according to The Block’s pricing page. Meanwhile, the GM 30 index representing the top 30 cryptocurrencies rose 2.8% to 125.37 over the past 24 hours.The price action resulted in the liquidation of more than $100 million in Bitcoin positions, with nearly $72 million held short, according to Coinglass data. Bitcoin’s value has risen more than 42% since early February, and the largest cryptocurrency…
The cryptocurrency meme coin category is coming back to life this week, led by notable rallies for tokens such as WIF, PEPE, SHIB, and BONK. There could be a resurgence of speculative mania for these novel assets connected to blockchain networks. Just the day before, there was an average gain of 13% across all meme coins. TLDR After holding WIF tokens for three months and the price soaring more than 4500 times, the trader turned $310 into $1.4 million. Solana meme token BONK price is up 17% in a bullish momentum signal, targeting $0.000026 next. WIF price has surged 42%…
Victoria, Seychelles, February 28, 2024, Chainwire The B² network, a Bitcoin layer 2 network, now supports the following connections: BitGet Wallet. Users can access the fast, cost-effective, and secure Bitcoin Layer 2 network through the Bitget Wallet mobile app or browser extension. This makes cross-chain trading of BTC assets and participation in the airdrop program possible. B² Network, an EVM-compatible Bitcoin Layer 2 solution, integrates smart contracts into the Bitcoin network to unlock the untapped potential of Bitcoin’s $832 billion market capitalization. This initiative serves as a platform for pioneering applications in the BTC ecosystem, including DeFi, NFTs, BTC derivatives,…
Samuel Bankman-Fried, the defendant in a high-profile cryptocurrency fraud case, is likely to receive a reduced sentence as FTX assets hint at full compensation to customers. In a series of events that could affect the sentencing of Samuel Bankman-Fried, the founder of now-defunct cryptocurrency exchange FTX, a recent court case suggested his client could receive full compensation. Bankman-Fried, who faces multiple charges including wire fraud and conspiracy, is currently awaiting sentencing, and Case No. 22-cr-673 (LAK) is gaining a lot of attention in the cryptocurrency community. FTX Assets’ announcement that full repayment to customers and general unsecured creditors could be…
Bitcoin (BTC) is now quickly approaching the coveted $60,000 mark after rising 5% over the past day. This is because investor interest in the world’s largest cryptocurrency has reached levels last seen during the 2021 boom, putting it very close to all-time highs. Rally before halving? Bitcoin is close to $60,000. The price rise coincided with a surge in demand as spot Bitcoin exchange-traded funds (ETFs) surpassed $3 billion in cumulative trading volume on Tuesday. Other traders also cited the expected April Bitcoin halving as a source of new talk to spark pre-halving increases. The market capitalization of the world’s…
Magic Eden partners with Yuga Labs to launch Ethereum Marketplace to maintain creator royalties in the evolving NFT landscape. Magic Eden announced that it is partnering with Yuga Labs to launch an Ethereum marketplace. The platform is the first major Ethereum-based marketplace to respect creator royalties, marking a significant step forward in supporting the creator economy within the web3 ecosystem. A new chapter for NFTs and creator royalties Magic Eden, known for its cross-chain NFT platform, has teamed up with Yuga Labs, the web3 lifestyle and media giant behind iconic collections such as Bored Ape Yacht Club (BAYC) and CryptoPunks.…