This week, there has been a surge in cryptocurrency crackdowns around the world, with the United States, Germany, and Hong Kong taking center stage. Chris Larsen, Ripple’s co-founder and chairman, suffered a massive hack. Meanwhile, FTX has revealed plans to reimburse customers in full. enforcement action Several enforcement actions rocked the cryptocurrency scene this week, with the United States accounting for a significant amount. The U.S. Department of Justice (DoJ) has charged Belarusian national Aliaksandr Klimenka in a case related to Russian cryptocurrency exchange platform BTC-e. In a subsequent enforcement action, the DoJ charged two New Jersey school employees, Jeffrey…
Author: Crypto Flexs
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Bitcoin rose above $43,000 during the European morning on Friday, maintaining gains of around 2% over the past 24 hours. The CoinDesk 20 index, which provides weighted performance for the best digital assets, rose more than 3.2%, led by Chainlink’s LINK. link It surpassed $18, hitting a 22-month high. It has risen nearly 30% in the past week, comfortably beating major cryptocurrencies such as BTC and ETH. The rally follows the strength of a three-month range where it hovered between $13 and $17, signaling a continued recovery from its June 2023 low near $5.
Artists Ryder Ripps and Jeremy Cahen have had their counterclaims dismissed in their lawsuit against Bored Ape Yacht Club (BAYC) creator Yuga Labs. The court order requires Ripps and Cahen to pay about $9 million in restitution and other statutory damages.In April 2023, Yuga Labs won a lawsuit against Ripps and Cahen for copyright violations related to unauthorized versions of the BAYC Non-Fungible Token (NFT). Ripps and Cahen have launched the Ryder Ripps BAYC (RR/BAYC) collection under the BAYC brand.Yuga Labs was originally ordered to pay $1.57 million in damages and legal costs. But a recent court filing on Feb.…
Layer 1 • February 4, 2024 5:27 PM EST Posted 1 minute ago In ~ After four months of increased trading volume, there was an increase in volume worth $1.21 trillion. Bitcoin BTC -1.02% According to data from The Block, this is the amount moved on-chain in January 2024. This is the largest amount of value moved on-chain since September 2022, when the price of Bitcoin was around $20,000. The fact that Bitcoin has failed to surpass $1 trillion in trading volume in any month of 2023 except for December, as well as Bitcoin’s record low active supply, suggests that…
Flare, Pendle, and Chainlink had the biggest gains this week. Jupiter, Manta Network, and SATS emerged as the biggest losers this week. This week has seen both successes and setbacks for the cryptocurrency market. Below is a list of AMBCrypto’s biggest winners and losers from January 28 to February 3. biggest winner flare The biggest winner this week was Flare (FLR), according to data from CoinMarketCap. AMBCrypto’s analysis of FLR shows that it began the week on January 29th trading at around $0.022 and ended February 3rd at around $0.027. This upward trajectory represented the largest increase of the week,…
VGX Foundation and Gala Games Collaborate to Develop New Web3-Enabled Games – Chainwire housenewsroomVGX Foundation and Gala Games join forces to develop new Web3-enabled games We use cookies to make your experience on Chainwire’s website better. 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…
Social media has become an integral part of our daily lives, connecting people from all over the world and providing a platform to share ideas, opinions and experiences. With the rapid advancement of technology, the potential for social media to revolutionize the way we interact and transact has become more apparent than ever. Rise of SocialXbotCoin SocialXbotCoin is a blockchain-based platform that aims to revolutionize the social media landscape by leveraging the power of cryptocurrency and decentralized networks. The platform allows users to create, share and monetize content while also providing a safe and transparent environment for interaction. One of…
Ethereum is currently trading at $2,290, up slightly by $0.17 over the past week. Although it lacks much action and has been trading around $2,300 all week, on-chain data on the outflow has revealed the current sentiment among traders. According to data from on-chain analytics firm IntoTheBlock, $500 million worth of ETH was withdrawn from centralized exchanges this week, bringing total outflows over the past month to $1.2 billion. Ethereum outflow from exchanges surges Ethereum experienced an unexpected price increase After approval of spot Bitcoin exchange-traded fund in the United States. As a result, various on-chain data revealed strong bullish…
Kaspa (KAS) Blockchain is a decentralized, open source, and scalable layer 1 solution often referred to as “Bitcoin 2.0” or “the next Bitcoin.” However, despite operating very similarly to Bitcoin, Kaspa is unique in its own right. Like Bitcoin, Kaspa Proof of Work (PoW) Although it is a cryptocurrency, unlike other traditional blockchains, Kaspa GHOSTDAG Protocol. This protocol is unique in that there are no orphan blocks created in parallel. Rather, it enables coexistence and provides order through agreement. This makes Kaspa the first company to do this. BlockDAG The (block-directed acyclic graph) protocol is a generalization of Nakamoto’s consensus.advertising…
Posted 1 minute ago In ~ Over the next month, many cryptocurrency projects will unlock significant amounts of tokens. Here’s a breakdown of the most important unlocks and airdrops for the month of February, according to TokenUnlocks data: Significant unlocksapartment appropriate -4.66% At current prices as of February 11th, we plan to unlock approximately 25 million tokens worth $222 million, representing over 7% of the token’s circulating supply. Aptos is a Layer-1 network similar to: Sui Sui +2.80% It grew out of Facebook’s Libra project. Next, the sandbox will unlock 250 million tokens, worth $88 million at current prices as…