“I’m a fan of cryptocurrencies, but specifically Bitcoin, Bitcoin. “The other coins are nothing,” he said in an interview. CNBC’s Money Movers podcast. Lutnick also said that he is a fan of Tether, as Cantor Fitzgerald is one of the stablecoin’s administrators. Other custodians include Charles Schwab (SCHW) and Fidelity.
Author: Crypto Flexs
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AVAX price rose more than 50% and was trading above the $40 level. The Avalanche is currently correcting its uptrend, but bulls may remain active near the $32 support zone. AVAX prices have risen above the $30 and $40 levels against the US dollar. The price is trading above $30 and the 100 simple moving average (4-hours). On the 4-hours chart of the AVAX/USD pair, there is a major bullish trend line forming with support near $35.00 (data source from Kraken). The pair could continue to rise if it stays above the $35 and $30 support levels. AVAX price corrected…
Binance and its founder Changpeng Zhao have refuted claims surrounding ‘investment contracts’ in a lawsuit against the U.S. Securities and Exchange Commission (SEC).Binance said: filing The SEC’s complaint on Tuesday said it “focuses on transactions by customers who clicked on the website, purchased tokens from other anonymous token holders, and then logged off.”The exchange added, “Among the transactions in question, there was absolutely no contract with the promoter to invest funds.”Binance claimed that the SEC ignored the requirement that the existence of an “investment contract” be determined on a transaction-by-trade basis.BAM Trading and BAM Management, which operates Binance.US, also announced…
Key Takeaways Cryptocurrency markets have been underperforming this week, but Shiba Memu presales are approaching a new milestone. Nearly $5 million has been raised through presales to enable developers to work on the product. The cryptocurrency market is experiencing a correction this week, with prices of most coins and tokens falling by more than 5%. But that hasn’t stopped Shiba Memu pre-sales as they continue to reach new heights. Bitcoin falls below $41,000 Bitcoin, the world’s leading cryptocurrency by market capitalization, has been showing weakness since the beginning of this week. It lost more than 6% in value this week…
On-chain data tracker DappRadar recently reported that an additional $600 million was poured into Web3 gaming projects in the third quarter of 2023, bringing total investments so far this year to over $2.3 billion. Another report from blockchain gaming community Game7 indicates that Web3 games have stabilized despite market corrections.Interest in Web3 gaming, a general term used to describe an ecosystem that embraces blockchain-based video games, is clear and unwavering despite the so-called “crypto winter.” After a prolonged bear market, cryptocurrencies appear to be gearing up for the next bull market, and Cointelegraph reached out to industry insiders to understand…
The U.S. Department of Justice has arrested Australian national David Gilbert Saffron and Los Angeles resident Vincent Anthony Mazzotta Jr. on charges of masterminding a $25 million Ponzi scheme using AI cryptocurrency trading. Indicted. The case highlights growing concerns about fraudulent activity in the fast-growing cryptocurrency and AI technology sectors. Plan Operation Details The indictment alleges that Saffron and Mazzotta conspired to defraud investors through various trading programs that falsely promised high returns using AI automated trading bots for the cryptocurrency markets. Operating under various names including Circle Society, Bitcoin Wealth Management, Omicron Trust, Mind Capital, and Cloud9Capital, the duo…
A trader who correctly called the 2018 bear market price floor for Bitcoin (BTC) believes a steep rally is in store for one Solana (SOL) challenger. Household analyst Bluntz told his 231,700 followers on social media platform The trader shares a chart showing that SUI is up over 122% from its current price. “A month-long cumulative outage for the SUI/USD pair. Nonetheless, BTC pairs are still accumulating. I think this soon starts to turn parabolic. “It’s still early days, but it won’t last long.” source: Blunts/X Bluntz practices Elliott Wave theory, an advanced technical analysis method that attempts to predict…
BIP141 added a new rule called “witness appointments.” “Promises are written to the scriptPubKey of the Coinbase transaction,” the document states. I didn’t quite understand what it meant, so I directly placed ‘default_witness_commitment’ provided in the block template when creating Coinbase in the scriptPubKey location. Here is my code: def makeCoinbase()->None: global coinbase,tmpl version=pack(‘<L’,1) inputCount=unhexlify(’01’) txHash=unhexlify(‘0000000000000000000000000000000000000000000000000000000000000000’) preSequence=unhexlify(‘ffffffff’) eh=encodeHeight(tmpl(‘height’)) #Don’t worry about this function, it handles height msg=eh+b’my message’ msgSize=pack(‘B’,len(msg)) sequence=unhexlify(‘ffffffff’) outCount=unhexlify(’01’) amount=pack(‘<Q’,tmpl(‘coinbasevalue’)) script=unhexlify(tmpl(‘default_witness_commitment’)) scriptSize=pack(‘B’,len(script)) lockTime=unhexlify(‘00000000’) coinbase=version+inputCount+txHash+preSequence+msgSize+msg+\ sequence+outCount+amount+scriptSize+script+lockTime tmpl(‘transactions’).insert(0, ‘data’:coinbase.hex(), ‘txid’:dblsha(coinbase)(::-1).hex() ) The tmpl variable is the template obtained using the “getblocktemplate” command. I am testing my code in regtest. When…
As part of a watershed move toward more sustainable tokenomics, decentralized derivatives protocol Synthetix is ending a nearly five-year program of inflationary SNX rewards for stakers. The project community recently voted in favor of proposal SIP-2043, which would end weekly distribution of newly issued tokens to liquidity providers. key point Synthetix token holders voted to end SNX inflation rewards, making SNX deflationary. SNX stakers are now only rewarded by transaction fees, not inflation. Synthetix plans to introduce a SNX redemption and burn system using transaction fees. Ending inflation rewards is part of the shift towards a more sustainable tokenomics. SNX…
Asia • December 13, 2023, 12:23 AM EST Posted 1 minute ago In ~ LINE NEXT, the Korea-based NFT arm of messaging giant LINE, has raised $140 million in investment to “popularize the Web3 ecosystem.”in name Announced today, LINE claimed that this investment is “the largest funding round in the Asian blockchain Web3 industry this year.” It was led by Crescendo Equity Partners, a private equity firm backed by Peter Thiel.With the new capital, LINE plans to officially launch its global NFT platform DOSI in January 2024. “Through integration with LINE NFT, an NFT marketplace in Japan, DOSI will be…