SafeMoon founders were arrested. Kyle Nagy. The charges include wire fraud and money laundering. There are also charges of embezzlement and defrauding investors. In a significant development, the founders of SafeMoon, a decentralized finance digital asset, have faced criminal charges in the United States. Braden John Karony and Thomas Smith were arrested and Kyle Nagy remains incarcerated. The U.S. Attorney’s Office for the Eastern District of New York charged them with fraud and money laundering. Arrests and Charges Two individuals from SafeMoon LLC, Braden John Karony and Thomas Smith, were arrested in Provo, Utah, and Bethlehem, New Hampshire, respectively. They…
Author: Crypto Flexs
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To capture the new tokenization trend, popular cryptocurrency and meme coin Floki is set to launch TokenFi, appropriately named “TOKEN”. The tokenization industry is making waves and is expected to grow into a massive $16 trillion sector by 2030. This radical change has even been praised by financial giant BlackRock, which manages a massive $10 trillion in assets, calling it “the next evolution of markets.” Excitement is soaring, especially as 2024 approaches, with cryptocurrency exchanges, institutional investors, and industry leaders predicting tokenization as a catalyst for mainstream cryptocurrency adoption. Major exchanges such as Binance and KuCoin have already published research…
recent presentation Wallet of Satoshi (WoS) withdrawing its app from the US Apple and Google app stores and ceasing service to US customers marks a major change in the Bitcoin wallet landscape. This decision reflects the increasingly challenging regulatory environment in the United States, which affects not only WoS but also other cryptocurrency service providers. In a similar vein, GameStop, known for its video game retailing, shut down its cryptocurrency wallet service due to the uncertain regulatory environment in the United States. Launched just over a year ago, the service integrates with Ethereum’s layer 2 scaling protocol to allow users…
introductionDigital currencies have gained significant interest and adoption in recent years, but scalability remains a pressing challenge. As cryptocurrencies like Bitcoin, Ethereum, and Ripple gain popularity, the ability to handle increasing transaction volumes has become critical to their long-term survival. In this article, we will examine the scalability challenges faced by these popular digital currencies and explore the solutions and approaches being implemented to address them. If you would like to learn more about investing, you may want to visit some of the following investment education companies: Instant Eurax Pro platform.Understanding the scalability of digital currenciesIn the context of digital…
According to Lookonchain data, Gibraltar-based fund Sigil has exited BLUR, one of the best-performing tokens this week, in favor of Lido DAO’s LDO and its native token, IMX, Immutable . Sigil Fund sells BLUR for IMX and LDO On November 24, Lookonchain, a cryptocurrency analysis platform, famous Sigil sold 1.55 million BLUR for 807,799 IMX (equivalent to approximately $1.14 million) and 210,905 LDO for $540,000 at the spot exchange rate. The exchange took place over multiple transactions and took place on-chain. The replacement takes place approximately three days after Sigil. withdrew 3.1 BLUR of cryptocurrency exchange OKX. Surprisingly, the fund…
Strategists at UBS investment bank are expecting a large interest rate cut from the U.S. central bank, which appears to be positive for Bitcoin. Declining inflation could cause the U.S. central bank (Fed) to start cutting interest rates as early as March, according to UBS. These developments are perceived as very positive for Bitcoin, especially considering recent economic indicators. A significant slowdown in U.S. inflation has dispelled expectations of further interest rate hikes by the Federal Reserve. Recent data suggests that slowing U.S. inflation has dispelled expectations of further interest rate hikes from the Federal Reserve. The consumer price index…
zkLink has unveiled Nexus, a Layer-3 platform for seamless Ethereum Layer-2 integration. Nexus ensures security through zk-SNARKs, adaptive liquidity rebalancing, and an integrated SDK for easy dApp deployment. Nexus was unveiled at the Layer-3 Summit during Devconnect in Istanbul, Turkey. Blockchain solutions developer zkLink announces Nexus, a groundbreaking Layer-3 (L3) platform designed to enhance the scalability of the Ethereum ecosystem, reduce gas costs, and provide unparalleled customization capabilities for decentralized applications (dApps). has been released. This development addresses the ongoing problem of liquidity fragmentation within the diverse zk-Rollup Layer-2 (L2) ecosystem. Bridging the gap in the Layer-2 ecosystem Nexus serves…
A dormant Ethereum (ETH) wallet containing thousands of coins collected during the network’s token creation event has been awakened after nearly three years. According to Lookonchain dataOn November 24, approximately $42.4 million worth of ETH was moved, with 10 ETH deposited directly into the cryptocurrency exchange Kraken. The Ethereum Whale Awakens On-chain data shows that the dormant wallet first collected 100,000 ETH, worth about $31,000, during the 2014 Ethereum initial token offering (ICO). The coin was then minted at $0.31. Over the years, the price of ETH continued to rise, reaching an all-time high in 2021. Notably, the whale last…
Financial markets produce valuable data such as stock prices, exchange rates, and commodity prices. This data supports critical financial applications and informs decisions that move billions of dollars. However, high-quality financial data is often only available to institutions such as banks or hedge funds. The average person cannot reliably access the data. Pyth aims to change this by making accurate financial data publicly available on the blockchain. A protocol that coordinates various participants to publish frequent price updates on the chain. These price feeds can power blockchain-based decentralized finance (DeFi) applications. For example, a lending protocol could use Pyth’s price…
Financial markets produce valuable data such as stock prices, exchange rates, and commodity prices. This data supports critical financial applications and informs decisions that move billions of dollars. However, high-quality financial data is often only available to institutions such as banks or hedge funds. The average person cannot reliably access the data. Pyth aims to change this by making accurate financial data publicly available on the blockchain. A protocol that coordinates various participants to publish frequent price updates on the chain. These price feeds can power blockchain-based decentralized finance (DeFi) applications. For example, a lending protocol could use Pyth’s price…