The government’s nonfarm payrolls report released Friday morning showed the U.S. added 353,000 jobs in January, compared with economists’ forecasts of 180,000 and 333,000 in December (revised from 216,000 originally reported). The labor market continued to be strong. The unemployment rate remained stable at 3.7%, compared to expectations of a 3.8% rise.
Author: Crypto Flexs
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FTX has filed a motion in a Delaware court to sell its $175 million lawsuit against bankrupt Genesis Global Capital, with the goal of optimizing proceeds from the sale. The move is part of FTX’s broader strategy to manage its financial recovery following the collapse, and the proposed sale process is designed to ensure maximum value from claims amid Genesis’ ongoing legal and financial challenges. FTX has begun significant legal action by filing a motion in a Delaware court to sell its $175 million claim against Genesis Global Capital. The move comes after Genesis Global Capital declared bankruptcy, directly impacting…
The host of the InvestAnswers YouTube channel believes that cryptocurrency projects will perform strongly as long as they run on the Solana (SOL) network. The InvestAnswers host tells his 472,000 YouTube subscribers that decentralized exchange (DEX) aggregator Jupiter (JUP) could surge “conservatively between 4x and 8x.” A trader’s big price predictions come from an analysis of Jupiter’s fundamentals. According to the InvestAnswers host, Jupiter is witnessing strong network activity based on trading volume and number of monthly active users. “If this is successful, if this DEX dominates all business, the CMC charts will skyrocket. And it is currently at (position)…
Bitcoin SV (BSV), a hard fork of the Bitcoin token, attracted a lot of attention in its final days after top US exchange Coinbase announced the end of support for the asset. Following this news, the price of BSV took a huge hit, falling more than 5% in the last 24 hours. Coinbase Ends Bitcoin SV Support In an X post on February 3, Coinbase stated that it had officially withdrawn support for BSV from its platform. This announcement follows a previous post from last December in which the exchange first communicated its intention to delist BSV. According to Coinbase,…
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has seen significant exodus from centralized exchanges in recent weeks. Data shows a growing preference for holding assets outside of trading platforms. At the time of this writing, ETH is trading at $2,289, down 0.7% over the past 24 hours, but up 1.6% over the past week, according to data from Coingecko. Ethereum outflow amounted to $1.2 billion. Last week, $500 million worth of ETH left exchanges, bringing total outflows to $1.2 billion in January, according to blockchain analytics firm IntoTheBlock. This represents a significant change compared to previous months and…
Market information platform Santiment Recently, an XRP whale was revealed to be going all-in on XRP. After a significant purchase of crypto tokens. Notably, these purchases are said to be the largest ever since Ripple partially won. Securities and Exchange Commission (secretary). XRP records 217 whale transactions. Comments marked with an X (formerly Twitter) post The XRP Ledger processed 217 ‘$1 million whale transactions’ on the network on January 31. This is the largest transaction of this size ever recorded in a single day. Judge Analisa Torres delivered the ruling. XRP was not a security per se last July. As…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Ethereum dominates. However, frequent congestion and high gas fees have investors looking for alternatives, such as new cryptocurrency project Pandoshi (PAMBO). Pandosi A rising name in the cryptocurrency world, Pandoshi has garnered attention for its innovative approach, successfully raising over $3.5 million in its initial funding round. This surge in funding demonstrates the market’s confidence in Pandoshi’s potential. Pandoshi is not just a meme coin, it is a completely independent and decentralized ecosystem. At the heart of Pandoshi’s vision…
Over the past 24 hours, a bullish mood has prevailed surrounding LUNC. LUNC’s latest offer could result in a price increase. Terra Classic (LUNC) It recently surprised investors by recording double-digit profits. Trading volume also surged. Meanwhile, the LUNC community is ready to submit a proposal, which, if passed, could have a major impact on both the blockchain and the token. LUNC IS PUMPING AMBCrypto’s View on CoinMarketCap data In the last 24 hours alone, LUNC has seen an increase of over 10%. While the token price soared, trading volume also increased by over 700%. Significant price changes often lead…
With the previous articles, we found the disconnect between paid-for work and paid-for time. We also understood that if you want to get paid you have to provide work that is valuable for others. So when the person consumes the benefit of your work, the exchange happens value for value – work for sats. But what happens if the benefit that the consumer experiences is not a momentary but a continuous process? There are a few examples of this. I will start with the one that is not that captivating but still valuable.Streaming services, like other industries, grapple with the…
The U.S. Senate has proposed the DEFIANCE Act in response to the increasing proliferation of AI-generated, non-consensual explicit images, exemplified by the recent deepfake incident involving Taylor Swift. The bill aims to provide legal remedies to victims and criminalize the production and distribution of such content. The U.S. Senate is currently considering the Stop Explicit Fake Images and Non-Consensual Editing Act of 2024, commonly known as the DEFIANCE Act. This bipartisan bill was introduced in response to growing concerns about non-consensual, sexually explicit ‘deepfake’ images and videos, particularly those created using: A.I (AI). The introduction of the bill was largely…