Web3 game developer Wemade refuted allegations of coin overissuance fraud during an investigation by the Financial Investigation Department of the Seoul Southern District Prosecutors’ Office. The allegations suggest Wemade may have violated local reporting rules by failing to disclose private keys to users.The Wemade token WEMIX development team officially announced on February 8 that it has partnered with Play Wallet, Wemade’s digital asset storage system, and PNIX DEX, a decentralized exchange, complies with regulations requiring registration as a virtual asset service provider. It was announced that it was exempt from the requirement.According to Korean regulations, cryptocurrency service platforms are required…
Author: Crypto Flexs
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The UK Ministry of Defense has signed a £1.8 billion contract with Thales for a 15-year project to improve the availability and resilience of Royal Navy ships using AI and data management. The UK Ministry of Defense has signed a significant 15-year contract worth £1.8 billion with Thales, which aims to improve the availability and resilience of ships in the Royal Navy. This contract, known as the Marine Sensor Enhancement Team (MSET) project, is designed to leverage the latest technologies from the Marine Sensor Enhancement Team (MSET). A.I (AI) and data management technologies to predict equipment failures before they occur,…
Cryptocurrency regulation varies widely across jurisdictions, reflecting the different approaches governments have taken to managing the complexities of decentralized digital ecosystems. Some countries have embraced cryptocurrencies, establishing clear regulatory frameworks to foster innovation and protect consumers, while others have taken a more cautious or restrictive stance, citing security and market stability concerns.One of the defining characteristics of the cryptocurrency space is the relentless pace of technological innovation. From the emergence of blockchain technology as a fundamental architecture to the rise of decentralized finance (DeFi) platforms, the landscape is constantly evolving. Smart contracts, privacy-enhancing technologies, and new consensus mechanisms contribute to…
Bitcoin (BTC) Cryptocurrency analysts are predicting more potential gains for the leading cryptocurrency asset in the coming days, riding the recent bull market wave and starting to rally on a fresh note after several weeks of lackluster momentum. Bitcoin Will See Correction After Soaring to $45,000 A cryptocurrency expert at Cheeky Crypto has made a bold prediction about Bitcoin. The analyst revealed his latest predictions in one of the latest episodes of Cheeky Crypto. youtube. His prediction comes in light of Bitcoin price closing on a positive note on Wednesday, leading the altcoin market as a whole. As a new…
BIS emphasizes the need for interoperable payment technologies and a strong regulatory framework to prevent metaverse fragmentation and the dominance of private interests, and highlights the importance of central bank digital currencies. The Bank for International Settlements (BIS) has published a report highlighting the importance of creating a regulatory framework to prevent the metaverse from becoming fragmented and dominated by powerful private interests. BIS emphasizes the need for interoperable payment technologies supported by such a framework to ensure that the Metaverse remains a competitive and inclusive platform. The goal of this call to action is to secure the future of…
Posted 1 minute ago In ~ DeFi project Frax Frax -0.45% Finance launched Fraxtal, an Ethereum Layer 2 network. Limited mainnet was activated today for certain partner apps.Fraxtal operates as an Ethereum-compatible optimistic rollup developed using the OP Stack. It will become part of Optimism’s Superchain ecosystem. Base based on Coinbase.Fraxtal is currently limited to launch partners, which include decentralized infrastructure providers such as Safe, Chainlink oracles, Axelar, and LayerZero bridges.Regular users are expected to be able to access the chain in the next few days. The network will function as a dapp platform focused on decentralized finance.Frax is the…
As we embark on a new decade(!), the Ecosystem Support Program team wanted to speak to some of the recent growth, transition and learning around the program, and share details of our 2019 financial allocations. What is ESP? The Ecosystem Support Program (ESP) is the arm of the Ethereum Foundation focused on providing support to teams throughout the Ethereum ecosystem. This includes financial and non-financial support. ESP is an expansion of the Grants program, which previously focused primarily on monetary support. Improving Our Processes The 2019 Ethereum Foundation Spring Update first previewed some of our plans for evolving from Grants…
Bitcoin price is rising above the $44,000 resistance level. BTC may move higher if it clears the $44,800 resistance area in the near term. Bitcoin price was able to break above the resistance levels of $43,400 and $43,500. The price is trading above $44,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above the main ascending channel with resistance at $43,650. A break above the $44,800 resistance area could continue the rise. Bitcoin price begins a new rise Bitcoin price remained above the $42,500 level. BTC started…
Nigeria’s central bank continues to work to build confidence in the economy, but this will depend on the implementation of “bold reforms” and the help of residents to ease pressure on the naira. But critics have accused the central bank’s policies, including devaluing the local currency in 2023, of worsening the plight of millions. Ordinary Nigerians (…) Source: Bitcoin.com Cryptocurrency Investment Risk Warning Cryptocurrency assets are highly volatile. Your capital is at risk.Do not invest unless you are prepared to lose all your money.This is a high-risk investment and you should not expect to be protected if something goes wrong.…
A competitor of blockchain oracle provider Chainlink (LINK) has announced new airdrops for over 160 decentralized applications (Dapps). In a new blog post, data collection service Pyth Network (PYTH) revealed that it is launching the second phase of its Retrospective Airdrop initiative, offering free tokens to any Dapp that uses data provided by Pyth. “Readers can soon expect their favorite (Pyth-using) applications to announce their plans for receiving PYTH governance tokens and what they will do with them.” The plan was first launched in November 2023 and at the time became the largest cross-chain airdrop of all time. According to…