A U.S. judge has approved a confidential settlement between BlockFi and Three Arrows Capital to resolve their financial dispute without further litigation. Details are being kept confidential to protect sensitive information amid BlockFi’s bankruptcy proceedings and its impact on the broader cryptocurrency market. A U.S. court recently approved a settlement between cryptocurrency lending platform BlockFi and bankrupt hedge fund Three Arrows Capital (3AC), seeking to resolve the dispute without further legal confrontation. The settlement, approved at a Feb. 6 hearing by New Jersey Bankruptcy Court Judge Michael Kaplan, remains confidential because details of the settlement were ordered to remain private.…
Author: Crypto Flexs
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Crypto analyst and trader Ali Martinez believes that Chainlink (LINK) could soon make another breakthrough. Martinez says 42,400 followers on social media platform “Chainlink faces strong resistance between $19.40 and $20.03, where 5,330 addresses hold over 8.59 million LINK. However, if LINK can break through this supply wall, the next important resistance area is around $26.87, which represents a 38% price increase!” Source: Ali Martinez/X Trader Charts tracks LINK’s In/Out of the Money Around Price (IOMAP), an indicator that helps identify support and resistance levels for specific digital assets. Other traders are also bullish on Chainlink. Pseudonym analyst Rekt Capital…
join us telegram A channel to stay up to date on breaking news coverage Meme coins have emerged as a well-known trend in the cryptocurrency world. These digital tokens are cryptocurrencies created around internet jokes or memes. Despite their humorous origins, some meme coins have seen significant price surges, achieving market capitalizations in the billions of dollars. Additionally, Bitcoin Minetrix’s Gleam competition was recently launched. This airdrop aims to reward the community with $30,000 worth of $BTCMTX tokens. The New and Best Meme Coins You Can Buy Now One of the reasons investors are flocking to meme coins is that…
Cathie Wood’s ARK Invest and 21Shares’ spot Ethereum exchange-traded fund proposal will only have a process to deliver cash in the creation and redemption process, according to a recent regulatory filing.“Approved participants will deliver only cash for the issuance of shares and will receive only cash upon redemption of shares,” according to the filing posted Wednesday.The process of creating and redeeming stocks in an exchange traded fund was previously center Meeting between the Securities and Exchange Commission and the issuer seeking to launch a spot Bitcoin ETF. The SEC is likely to favor a cash model, which differs from an…
Bluesky, a decentralized social media platform, launched to the public with over 3 million users by introducing the AT protocol for seamless app migration and user autonomy. Bluesky, the microblogging platform launched by Twitter co-founder Jack Dorsey, has officially opened to the public after a period of exclusivity. Developed with the purpose of providing a decentralized alternative to existing social media giants, Bluesky differentiates itself through its innovative use of AT. code, enabling features such as open federation and account portability. This protocol facilitates seamless migration between apps within a network, addressing common frustrations caused by platform lock-ins and increasing…
Los Angeles-based video game developer Space Nation announced the roadmap for its upcoming flagship game Space Nation Online on Wednesday, revealing that the massively multiplayer online game will leverage generative AI to provide players with personalized experiences. .Founded in 2019 by gaming industry veterans Jerome Wu and Tony Tang, Space Nation is backed by “Stargate,” “2012” and “Independence Day” filmmaker Roland Emmerich and media entrepreneur Marco Weber.“The newly revealed AI integration is more than just a technological advancement,” Wu said in a statement. “It redefines how personal narratives unfold in the world of MMORPGs.” Wu serves as co-founder and CEO…
HBAR price rose 15% on February 6, reaching a 20-day high of $0.78. It comes just hours after the Hedera team finalized a $250 million contract with the Saudi Arabian Ministry of Investment. Hedera recently initiated positive pricing action through a five-year partnership agreement with the Saudi Arabian government. However, particularly important market indicators suggest that derivatives traders may be able to hinder HBAR price gains. Hedera prices surged 15% as investors reacted to the Saudi partnership. HBAR price has been declining since the cryptocurrency market correction that heralded the approval of the Bitcoin ETF in mid-January. The Hedera blockchain…
On Tuesday, the Solana blockchain experienced a massive outage that halted the network’s mainnet operations for approximately five hours. The outage marks the 11th such incident and has raised concerns about the stability and security of blockchain.Day Kind of over the last two years. Do you kick Solana when she’s down? On February 6, the Solana blockchain network suffered a severe outage that lasted 4 hours and 46 minutes, halting network operations and raising questions about the trustworthiness of the blockchain, leading to intense criticism for the project. The cryptocurrency community has taken no time to share its thoughts on…
Whales increased their Ethereum holdings last week. ETH’s daily chart was green and the indicators looked bullish. Ethereum (ETH) Investors showed tremendous confidence in the token as they continued to stockpile at press time. This accumulation occurred just days before Ethereum’s upcoming major Dencun upgrade, scheduled for February 8th. Will Dencun Upgrade Help Spark a New Rally for ETH? Is Ethereum under high buying pressure? $500 million worth of Ethereum tokens was withdrawn This only happens on exchanges in the last 7 days. In fact, considering withdrawals over the past 30 days, that number comes to $1.2 billion. This clearly…
As the cryptocurrency market prepares to enter another bull market, meme coins have come to the forefront with their fast moves and potential for huge profits. During the bear market, many meme coins were created and many of them disappeared. However, there were some companies that stood the test of time and promised huge profits in the first bull market. Pepe Coin (PEPE) is a Leading Meme Coin with Potential The rise of Pepe Coin (PEPE) in 2023 has been impressive, rising from a bear market to a market capitalization of over $1 billion. Since then, the meme coin has…