Federal Reserve Governor Christopher J. Waller has defended the U.S. dollar’s dominance in the global economy, emphasizing its role as a real currency, a financial asset, and the preferred unit of account. Christopher J. Waller, Federal Reserve, in a recent address at the “Climate, Currency and Central Banks” conference sponsored by the Global Interdependence Center and the University of the Bahamas. The governor spoke about the continued dominance of the US dollar in the global economy. Amid speculation and concerns about a possible decline in the dollar’s status as the world’s reserve currency, Waller’s remarks highlighted the dollar’s strong position…
Author: Crypto Flexs
Read More
join us telegram A channel to stay up to date on breaking news coverage Meme coin investors are recognizing how a coin that appears as a joke can develop into a coin with serious market performance. But these meme tokens are more than just currency. They summarize the trend. The community supports this token not just for its profit potential. They also promote the inclusive meaning they symbolize. Floki has established itself as a utility memecoin that combines utility and memes. Utilizes Binance Smart Chain and Ethereum with BEP-20 and ERC-20 tokens. The coin is at the core of the…
Coinbase International Exchange announced that it will soon be adding three altcoin derivatives. Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR) are added to the list of supported altcoins. The goal is to provide users with access to a broader range of innovative cryptocurrencies. Three altcoins listed on Coinbase International Exchange This strategic expansion will begin with the opening of the DOT-PERP, ICP-PERP and NEAR-PERP markets. Ultimately, this highlights Coinbase’s vision to diversify its products. This launch, scheduled before 10:00 UTC on February 22, 2024, marks an important milestone in the exchange’s journey to embrace altcoins. Despite the significance…
February 16th What is Starknet (STRK)? Posted at 15:58h Uncategorized by admin Developed by StarkWare, StarkNet represents a cutting-edge layer 2 scaling solution designed to improve scalability and privacy of blockchain networks, with a specific focus on Ethereum. By leveraging zero-knowledge rollups (ZK-Rollups), StarkNet can process thousands of transactions off-chain before bundling them into a single transaction on the Ethereum mainnet. This approach significantly reduces the gas fees and network congestion typically associated with Ethereum’s high transaction volumes, making blockchain applications more efficient and accessible to a wider audience. One of StarkNet’s core technologies is STARK (Scalable Transparent ARgument of…
Celsius, a cryptocurrency lender that filed for bankruptcy in 2022, said in court documents filed Friday that it has distributed most of the cryptocurrency it owes to creditors. Celsius has previously said it began the process in late January and plans to distribute $3 billion worth of cryptocurrency.“Almost 75% BTC +0.33% / ETH -1.05% It will be distributed through PayPal/Venmo and has already been collected through Coinbase,” said the company’s law firm, Kirkland & Ellis. An update was received from the court on Thursday.According to the document, Celsius distributed $2 billion worth of cryptocurrency, transferring 20,255.66 BTC and 301,338.77 ETH…
New York, NY, February 16, 2024, Chainwire Introducing Kadena SpireKey, a human-friendly and secure way to seamlessly interact with any application by eliminating complex signing processes. Cadena Spire Key “Unlike today’s complex Web3 wallets, which require you to remember every wallet you’ve ever created, Kadena’s SpireKey uses WebAuthn, a technology developed by Google and Apple over the past 20 years to enable anyone to secure their digital assets directly from their phone. It helps. Or a computer. It’s as easy as receiving a message on your mobile device and providing your fingerprint as a signature. So can your uncle who…
The largest cryptocurrency by market capitalization is up 10% in a week, outperforming the 8% gain in the broader market’s CoinDesk20 index (CD20), continuing its uninterrupted rise from $38,500 in late January. This surge has been coupled with accelerating inflows into U.S. spot Bitcoin exchange-traded funds (ETFs), with BlackRock’s IBIT raising more than 28,000 bitcoins this week.
The Federal Trade Commission (FTC) has taken decisive action to combat the growing threat of deepfake technology, proposing updated regulations to protect consumers from AI-based impersonation scams.Addressing the risk of deepfakesThe FTC recognizes the growing danger of deepfakes and aims to strengthen rules prohibiting the use of artificial intelligence to impersonate companies or government agencies. This bill is intended to protect consumers from fraudulent activities facilitated through generative artificial intelligence (GenAI) platforms.Strengthening consumer protectionThe proposed update would allow the FTC to initiate federal court proceedings directly to force fraudsters to repay funds obtained through fraudulent impersonation schemes. The FTC aims…
Cryptocurrency took the world by storm and a new name, EggCoin, appeared on the market. With its unique concept and promising future, EggCoin has become the hottest topic in the world of digital currencies. In this article, we will take a look at what EggCoin is, how it works, and why it has become the latest cryptocurrency craze. What is EggCoin? EggCoin is a digital currency centered around the concept of an egg. Built on blockchain technology, it ensures safe and transparent transactions. The idea behind EggCoin is to create a fun and lightweight cryptocurrency that can appeal to a…
Solana broke the bearish market structure in late January. Solana’s rise in February could continue to $125. Solana (SOL) has seen a strong market structure, rising nearly 10% over the past 10 days. It has also consistently performed as the best layer 1 (L1) blockchain. A recent AMBCrypto report highlighted that Solana outperforms its competitors Ethereum (ETH) and Tron on several key metrics. This strong performance was also reflected in the price chart. Despite a weak January, when SOL established a bearish structure and fell to $79, buyers were able to force a recovery. How far can this rally go?…