Litecoin price has been under extreme pressure over the past few weeks, hovering around its lowest levels of the year due to poor on-chain metrics and depressed markets. LTC price fell 5.55% in the past week and 33% in the past three months. The asset has also tumbled 12% so far this year, but remains 22% higher than it was last year. Litecoin’s total market capitalization is $4.5 billion, ranking 15th.Day After Polkadot. What’s happening with LTC? Litecoin price has been in a strong downward trend since the successful third halving event was completed in early August. Since then, the…
Author: Crypto Flexs
Read More
Sam Bankman-Fried is found guilty on all counts, Bitcoin bull Cathie Wood is raising deflation concerns, and a global investment manager says there is a digital asset that could deliver 100x returns. Which one? Stick around. This week we bring you these stories and more in cryptocurrency. SBF found guilty on all counts. Sam Bankman-Fried, former CEO of FTX, was found guilty on all seven charges brought against him. It is one of the largest financial fraud cases of all time, including wire fraud, securities fraud, and money laundering. A Manhattan federal court jury found him guilty in just five…
The conviction of FTX founder Sam Bankman-Fried on seven counts of fraud and conspiracy has now captured Hollywood’s attention. The ruling came after a trial that lasted just over a month in federal court in New York City. Bankman-Fried defrauded investors and customers out of over $10 billion through FTX and his cryptocurrency trading company, Alameda Research. Charges and Potential Consequences The charges filed against Sam Bankman-Fried carry a maximum penalty of 110 years in prison, according to federal prosecutors. The severity of the potential sentence highlights the seriousness of the charges against the 31-year-old entrepreneur. The catalyst for this…
Chase Bank will begin blocking cryptocurrency payments in the UK from October 16th. The retail bank said the ban was linked to a rise in cryptocurrency fraud. Chase Bank has an active user base of over 1 million in the UK. Chase Bank, a subsidiary of JPMorgan, has decided to ban cryptocurrency-related transactions in the UK. Why does Chase Bank ban cryptocurrency trading? Starting October 16, payments via bank transfers or debit cards suspected of being linked to cryptocurrencies will be blocked.Daythe bank told customers in an email today. Chase said it was imposing an outright ban because cryptocurrency fraud…
Mark Wilson, an artist known as Favorite People, has a truly unique style to his art, with the presence of a bag of ground beef: grotesque, performative, thought-provoking and comical. . In a digital art market where supply can be endless, Indiana-based artists really stand out from the crowd with their attention-grabbing ability to often poke fun at the NFT space and bring out both humor and sadness in their work. The author of five books, die withthemost likes is passionate about the visual arts as well as recording his own stream of consciousness. He originally issued the first NFT…
Cardano founder and Ethereum co-creator Charles Hoskinson criticized Vitalik Buterin. Twitter On November 25, Cardano (ADA)’s staking innovation was not recognized.Hoskinson’s comments follow a recent interview in which Buterin discussed the Ethereum roadmap and proposed redesigning the Ethereum (ETH) staking system to address issues related to centralization.In the interview, Buterin discussed potentially adopting a UTxO approach that relies on unspent transactions to solve these problems. This model differs from Ethereum’s current account-based system and is used in some blockchains such as Bitcoin and Cardano.The cryptocurrency community was quick to point out that this solution is similar to the approach Cardano…
Ethereum price broke the $1,950 resistance level and started a new rise. ETH is consolidating and could target a move above the $2,070 resistance. Ethereum remained stable and began a new rise above the $1,950 level. The price is trading above $2,000 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a major bearish trendline with resistance near $2,010. Unless a break occurs below the $1,985 support, the pair may continue to rise. Ethereum price gains more. After forming a base above the $1,900 level, the price of Ethereum…
Crypto&& Coffee 145November 1, 2023CipherTrace EngineeringTechnical Summary:BitcoinThe term “Bitcoin” refers to the Bitcoin network,…See more:Antoine Riard posted to the Bitcoin-Dev mailing list and the Lightning-Dev mailing list about a liability disclosure that affects all Lightning Network implementations.Ethereum:Galaxy’s Christine Kim highlights the latest All Core Devs Call on Ethereum, the launch of devnet 11, the shadow fork of Goerli, next week, the possibility of Dencun’s activation being delayed until 2024, and more!Vitalik Buterin published the following article: Different types of Layer 2Explains the complex differences between rollup, validation, and disconnected systems.Ethereum Foundation researchers published a paper on dynamically expanding the available…
Bitcoin’s current journey appears to mirror its past, presenting surprising patterns of growth and resilience. Experts in the field have observed a repeat of the historical uptrend, suggesting a continued upward trajectory for BTC. As the market anticipates the introduction of spot Bitcoin ETFs, this stands at a pivotal moment, potentially reshaping investment strategies and reinforcing Bitcoin’s importance in the financial system. This scenario is a confluence of historical trends, regulatory developments, and market dynamics, all pointing to a period of continued bullishness for Bitcoin. 2 Years of Upside Potential for Spot Bitcoin ETFs Bitcoin’s price action appears to be…
governance body Cosmos Herb atom + Approved a proposal to lower the maximum inflation rate for native tokens. Atoms are about 14% to 10%.According to the proposal, the approved changes would increase Atom’s annual staking yield from approximately 19% to approximately 13.4%.Cosmos Hub is the central blockchain of the Cosmos Network, an interconnected blockchain ecosystem. Hub’s native token is Atom, which is used for staking, governance, and trading fees.This proposal narrowly passed with 41.1% in favor and 38.5% against, the highest voter turnout in the history of the Cosmos ecosystem. It was expected to fail just hours before the deadline,…