quick take Binance, the world’s largest cryptocurrency exchange, has reached a turning point following a $4.3 billion fine and the resignation of CEO Changpeng Zhao (CZ). These events signal a major shift in the cryptocurrency landscape, highlighting the growing importance of regulatory compliance and potentially reshaping the future of the industry. In a dramatic event that could redefine the cryptocurrency landscape, Binance, the largest cryptocurrency exchange by trading volume, was hit with a hefty fine worth $4.3 billion. Compounding this upheaval is the unexpected resignation of the company’s charismatic CEO, Changpeng Zhao, popularly known as CZ. These developments not only…
Author: Crypto Flexs
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As an EEA member, CUBE3.AI is part of a community of EEA organizations working to advance Ethereum and drive industry adoption. In the Q&A below, EEA interviews Einaras Gravrock, CEO and founder of CUBE3, about how the organization contributes to the Ethereum business ecosystem. Please introduce your company and yourself: hello. CUBE3.AI is the first real-time transaction security platform that not only detects threats without interrupting contracts, but also blocks hacking and exploit attempts before they cause damage. It uses machine learning to provide a risk score for every transaction based on potential cyberattacks, fraud, vulnerabilities, and compliance risks, ensuring…
Bitcoin price fell more than 4% and was trading below the $36,500 support level. BTC still holds the key $35,650 support area and a decline could attract buyers. Bitcoin began a new downward trend following the news of Binance’s agreement and CZ’s resignation. The price is trading below $37,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a break occurred below a key bullish trendline with support around $36,980. Although it may be difficult in the short term, the downturn can be attractive to bulls. Bitcoin price took a hit.…
Key Takeaways THORSwap DEX is now in maintenance mode. THORChain-based decentralized exchange THORSwap announced via THORChad folks, Recently, an urgent and ongoing concern has come to light: the potential movement of illicit funds through THORChain, particularly THORSwap. Such activities have no place on the THORSwap platform and THORSwap stands firm against all crimes… — THORSwap ⚡ #BetterThanCEX (@THORSwap) October 6, 2023 The team noted that the movement of illicit funds through platforms is an urgent and ongoing concern and must be addressed as quickly as possible. THOSwap wrote: THORSwap posted on “Such activities have no place on the THORSwap platform…
Hello, my name is Adam from Platinum Crypto Academy. My journey in the cryptocurrency market has been a mix of challenges and triumphs shaped by understanding and applying on-chain metrics. These metrics are more than just data points. They are narratives of the blockchain world, each telling a unique story. Let’s take a look at how these indicators are incorporated into my trading strategy. The power of on-chain indicators When I first started trading, the cryptocurrency market felt like a maze. It was the on-chain indicators that gave me guidance. Extracted directly from blockchain data, these indicators provide insight into…
Top news this week Sam Altman is ousted from OpenAI and CTO Mira Murati appointed interim CEO. ChatGPT developer OpenAI fired founder Sam Altman from his CEO position on November 17. Mira Murati, Chief Technology Officer, currently serves as interim CEO. According to the blog post, the board engaged in a “deliberative review process,” which concluded that Altman “was not consistently candid in his communications with the board, which impeded his ability to carry out his responsibilities.” Shortly after, OpenAI co-founder and president Greg Brockman announced his departure from the organization. BlackRock Files Form S-1 for Spot Ether ETF with…
Market Outlook #243 (31st October 2023) Hello, and welcome to the 243rd instalment of my Market Outlook. In this week’s post, I will be covering Bitcoin, Ethereum, Render, MultiversX, The Sandbox, Arweave and Verasity. All reader requests this week, which is always good fun – and as ever, if you have any requests for next week’s Outlook, do let me know. Bitcoin: Weekly: Daily: Price: $34,376 Market Cap: $671.871bn Thoughts: If we begin by looking at BTC/USD, we can see from the weekly that price closed firmly through the prior 2023 highs at $32.8k on growing volume, pushing as high at…
A prominent figure in XRP Community The method has been revealed. XRP price could reach $10,000.. In his view, this huge milestone will be achieved through the utility that XRP will provide to users around the world. His views are similar to those of Ripple CEO Brad Garlinghouse. How XRP Price Reached $10,000 in post Edward Farina on his X (formerly Twitter) platform suggested that the price of XRP could reach such heights if: RippleNet has been successfully replaced. Current SWIFT system. He highlighted how financial institutions like SWIFT move “hundreds of trillions of dollars around the world.” Therefore, he…
The importance of decentralization in file sharing Decentralized file sharing revolutionizes data access by eliminating dependency on centralized servers and leveraging peer-to-peer technology to distribute files across a network of nodes.Distributed file sharing allows data distribution and access without relying on a central server. Rather, files are often stored in a network of nodes connected using peer-to-peer (P2P) technology. To enable file sharing, each network user can provide bandwidth and storage space. BitTorrent and InterPlanetary File System (IPFS) are two well-known instances of decentralized file sharing protocols.The decentralization of file sharing has completely transformed the way users access and store…
Welcome to the wild and wacky world of Magic Eden, the NFT marketplace that is shaking up the cryptocurrency world! In just two years, this Solana ($SOL) sensation has become a hub for all things irreplaceable, and we’re here to give you the digital scoop on what makes it so special. What is Magic Eden in NFT Wonderland? In September 2021, Magic Eden will explode like a supernova in the Solana blockchain galaxy. Originally a cozy venue for SOL-based NFTs, this market has quickly developed into a digital circus brimming with creativity. With trading volume soaring to $1.76 billion (yes,…