South Korean prosecutors have detained three Haru Invest executives on charges of embezzling $826 million worth of cryptocurrency from 16,000 users, highlighting regulatory scrutiny of its cryptocurrency lending practices. Prosecutors booked three executives, including two co-CEOs of cryptocurrency return platform Haru Invest, without detention on charges of embezzlement. They are accused of misappropriating about 1.1 trillion won (about $826 million) from about 16,000 users. The incident has raised global concerns about the stability and transparency of the cryptocurrency sector, especially with regard to cryptocurrency lending practices. As a result of the investigation, it was revealed that Haru Invest advertised that…
Author: Crypto Flexs
Read More
Major cryptocurrency exchanges, including Binance, announced the listing of the airdrop token Dymension (DYM) on February 6. This development brings new trading opportunities to Binance users, including the DYM/BTC, DYM/USDT, DYM/FDUSD and DYM/TRY spot trading pairs. Starting Tuesday 17:00 UTC, users will be able to deposit DYM for future trading activity. Withdrawal options are available from 15:00 UTC on Wednesday. List of major cryptocurrency exchanges New airdrop tokens Dymension, a newcomer to the cryptocurrency space, has garnered attention for its innovative approach to securing and interconnecting rollups using the Inter-Blockchain Communication standard. The modular blockchain raised $6.7 million in a…
Aside from the occasional flock of aggressive pigeons, London is generally a city completely devoid of wildlife. That means foxes are excluded. It’s a really strange part of life in London. As you walk home from the tube station after exploring the insides of the city’s many pubs at night, you’ll spot a fox darting down the street. In a well-lubricated state, it is easy to mistake a sighting for a hallucination. I’m not saying that this magical fox encounter I had in London was the inspiration for Smartsoft Gaming’s Foxy Hot 20 slot, but it was the first thing…
Tokens on the Bittensor network are soaring as the Opentensor Foundation, the organization that developed the protocol, hopes to provide an open-source alternative amid the artificial intelligence arms race. Bittensor’s $TAO token has risen more than 90% in the past two weeks and surpassed $3 billion in market capitalization on Tuesday, according to The Block’s pricing page. The token is up 12% and trading at $482.39 as of 12:51 PM ET, according to CoinGecko.About a week ago, Ethereum founder Vitalek Buterin appeared to express his support for Bittensor. In a blog post, Buterin said Bittensor offers an opportunity to encourage…
Interchain Token Service Unveils Native-Like Features on 15+ Chains – Chainwire housenewsroomInterchain Token Service provides native-like functionality across 15+ chains We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the…
The price of Ethereum (ETH) has continued to decline since hitting a high of $2,720 on January 12. The downward trend lasted for 11 days. ETH has been trading within a horizontal range for the past 61 days. Will it explode or collapse? Ethereum fails to clear resistance Technical analysis on weekly time frames shows that ETH has increased since June 2022. During this period, three higher lows (green icons) were created, with each subsequent acceleration of the increase. Ethereum price growth peaked in January 2024 at a high of $2,720. The high exceeded the 0.382 Fib retracement resistance level…
A U.S. district judge ordered Ripple to disclose financial and institutional sales data for XRP, a significant victory for the SEC amid allegations of unregistered sales. A U.S. district judge recently issued an important ruling in the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple. Ripple ordered to release more detailed financial information and data on XRP institutional sales. This decision is interpreted as a victory for the SEC, which has been in litigation with Ripple for over three years. The lawsuit centers around allegations that Ripple engaged in unregistered sales of XRP tokens, claims that…
Even amid market volatility, activity on Lido continued to surge. Interest in stETH and LDO tokens has decreased. Lido (LDO) has maintained its dominance in the DeFi sector for quite some time. Despite securing the top spot in the DeFi sector, Lido Protocol’s growth has shown no signs of stagnating. growth in every way Lido’s growth was highlighted by a significant surge in the number of daily active addresses within its network. Recent data shows a 718% increase in daily active users on Lido over the past three months, highlighting the significant expansion and engagement within the platform. Lido has…
join us telegram A channel to stay up to date on breaking news coverage The Ethereum Name Service price has surged 13% in the past 24 hours, trading at $21.51 as of 2:13 AM ET. Trading volume has increased by almost 240%, and all signs point to increased interest and interest in the token. This follows a recent collaboration between US publicly traded internet registry GoDaddy and the Ethereum Name Service. The integration will see both networks linking their domains with crypto wallets. We are excited to announce our partnership with: @godaddy 🎉 DNS domains are now available to millions…
Posted 1 minute ago In ~ Layer 2 startup LightLink has secured seed funding of $4.5 million in a round led by Thai media company T&B Media Global and property developer MQDC.According to a statement, LightLink’s technology will help support a “multiverse project” called Translucia that “blends the virtual and real worlds” and will receive $300 million in funding from T&B Media Global MQDC.“This is an ideal alignment driven by our shared goal of building an interconnected and user-friendly digital world that shares happiness in the world,” said Dr. Jwanwat Ahriyavraromp, founder of Translucia and CEO of T&B Media Global.Other…