FairCoin is a digital currency that aims to revolutionize the current economic system by promoting equality and sustainability through unique blockchain technology and community-driven principles. Unlike existing cryptocurrencies, FairCoin is designed to address the wealth gap and environmental impact caused by the existing financial system. How FairCoin Works At the core of FairCoin is the concept of “proof of cooperation,” which emphasizes cooperation and fairness over competition. This means that rather than relying on energy-intensive mining processes, FairCoin verifies transactions through collaborative and energy-efficient methods, making it more environmentally friendly and accessible to more people. FairCoin also implements a decentralized…
Author: Crypto Flexs
According to blockchain tracking firm Lookonchain, one cryptocurrency whale has gobbled up about $53 million worth of Ethereum (ETH) and Wrapped Bitcoin (WBTC) since December 21. Look on chain note Whales spent $20 million of the stablecoin USDC earlier this week to purchase $10 million worth of ETH and $10 million worth of WBTC. USDC is the second largest stablecoin by market capitalization and aims to maintain a 1:1 peg with the US dollar. Since December 21, whales have purchased a total of 13,843 ETH (average price $2,388) and 461 WBTC (average price $43,168). WBTC is an ERC-20 token pegged…
The cryptocurrency revolution finally reached new heights in January 2024, when the SEC approved 11 Bitcoin spot ETFs. A never-before-seen influx of global investors brought in nearly $5 billion on the first day of trading. As a result, the intersection between traditional finance and digital assets is now firmly established, and as the market continues to mature, it will open the door to new opportunities for cryptocurrencies. This marks the end of a decade-long struggle for legitimacy and demonstrates the success of progress not only in blockchain technology itself, but also in the public perception of money. Cryptocurrency is here…
On the fourth day of the COPA v. Craig Wright trial, Wright admitted that many of the documents he presented to verify his claim to be Satoshi Nakamoto were in fact forged. In highlighting these developments, COPA showed evidence of anachronisms, including fonts that did not exist when the document was written. light Admitting their inauthenticity. But Wright attributed the blame to several third parties: mistakes by a former lawyer, sabotage by a former employee, damage to systems by hackers, and even an IT environment that allowed autonomous changes to documents. This puts Wright, who calls himself an information security…
U.S. Treasury Secretary Janet Yellen told Senator Sherrod Brown that the Treasury Department could use more powers to combat the alleged use of cryptocurrencies by terrorist groups during a congressional hearing. The Ohio Democrat believed to hold the purse strings on future cryptocurrency legislation is At a Senate Banking Committee hearing Thursday, Yellen was asked what updates the Treasury Department needs to address the issue. Most of the hearing focused on discussion of the economy as a whole, but some Democrats questioned Yellen about the use of cryptocurrencies by malicious actors. “We know that terrorist groups like Hamas, Al Qaeda,…
To stay ahead of unknown and unpredictable risks, the Linux Foundation believes that quantum computing technology can be used to improve IT infrastructure, finance, systems and national security.Founding members include tech giants Amazon Web Services, Google, IBM, and NVIDIA, as well as cybersecurity companies and research institutes.“As quantum computing advances rapidly, the need for strong cryptographic solutions that can withstand future cryptographic-related quantum computer attacks has become paramount,” Jim Zemlin, executive director of the Linux Foundation, said in a press release Tuesday. He said.The coalition includes industry leaders, academic institutions, and developers who must prepare cryptographic systems for the emergence…
Lost money to a crypto or trading scam? Read this first: UK BASED – If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA – If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACEVeThorCoin is a fraudulent cryptocurrency platform that claims to offer a variety of trading features and market tools but is being used to defraud…
Flood, a protocol for order routing, management and settlement, has secured $5.2 million in seed funding from Bain Capital Crypto, Archetype and Robot Ventures. The team said Flood provides dApp developers with tools to manage order flow for their applications and is the only DEX on the market with operational hooks. This feature allows traders to quickly and seamlessly settle transactions within the Flood ecosystem. This article originally appeared on www.coindesk.com. The world of cryptocurrency and blockchain technology is constantly evolving, with new developments and advancements happening all the time. Here are the latest tech news in the cryptocurrency and…
ADA formed a descending channel, signaling the end of the downtrend. If buyers in the spot and futures markets become aggressive at the same time, the price could reach $0.68. If things go as expected, Cardano (ADA) holders may have something to cheer about. That’s because cryptocurrency analyst Ali Martinez pointed out that the price could soon reach $0.68. Martines noted in his post that ADA formed a descending triangle on the daily chart. A descending triangle is a technical pattern characterized by a decreasing upper trend line and a second horizontal trend line lower than the first. This pattern…
This registration allows us to expand into the important European market and offer our industry-leading products to our Dutch customers. We are committed to growing our business while complying with European regulations and have obtained a number of registrations over the past year. In addition to the Netherlands, we have registrations in Spain, Italy and Ireland and are actively pursuing registrations in other European markets. “The addition of the Dutch VASP registry continues to accelerate our European growth strategy,” said Brian Gahan, Managing Director of Europe at Kraken. “We see many opportunities to introduce our products to both retail customers…