CFTC charges Debiex with $2.3 million misappropriationThe Commodity Futures Trading Commission (CFTC) has raised serious suspicions about cryptocurrency exchange Debiex. Debiex, which has been accused of being a “fake digital asset platform,” is facing civil charges for allegedly defrauding customers of more than $2.3 million through romantic fraud.Romance Fraud: A Calculated Strategy to Deceive InvestorsKey Debiex employees reportedly had romantic or friendly relationships with potential customers, according to a January 19 statement from the CFTC. By building trust through these interactions, we convince customers to open and fund trading accounts on the exchange. Contrary to its promise to invest funds…
Author: Crypto Flexs
Read More
The unknown altcoin surged nearly 210% between Thursday and Friday this week after the project teased the launch of a new cryptocurrency solution. UMA is An optimistic oracle and dispute arbitration system that aims to act as a “decentralized truth machine.” The 156th-largest cryptocurrency asset by market cap traded at around $2.01 on Thursday before surging to a high of $6.22 at one point on Friday, marking a remarkable gain of 209.45%. The token has since been partially reverted and is trading at $4.51 at the time of this writing. Massive gains for the asset have been realized as UMA…
The core of Bitcoin’s security model relies on this basic game theory—miners, armed with their digital pickaxes, are in a relentless chase for profit. And it’s this pursuit that keeps the network secure. Basic vanilla mining involves producing blocks to earn the block rewards and transaction fees, but have you ever considered that miners might have other ways to extract value from the blockchain beyond this standard mining process? Are there other avenues for profit on the blockchain where miners can leverage their unique position as validators?What is MEV?In proof-of-work systems, “Miner Extractable Value” (MEV) is a term that describes…
Cryptocurrencies have taken the world by storm in recent years, and with the rise of Bitcoin and other digital currencies, there is no denying that this new form of currency is here to stay. However, with so many cryptocurrencies on the market, deciding which one to invest in can be overwhelming. One of the cryptocurrencies that is making waves in the industry is IceBergCoin. What is IceBergCoin? IceBergCoin is a new cryptocurrency that is gaining popularity due to its unique features and growth potential. It is built on a blockchain platform that ensures safe and transparent transactions. The coin is…
Leading cryptocurrency venture capital firm Multicoin Capital recently gave a glimpse into the future of the cryptocurrency landscape, outlining its expectations and predictions for 2024. Stablecoin-based remittances transforming emerging markets Multicoin Capital expects stablecoins to have a significant impact in the remittance sector, especially in emerging markets. Remittances have historically been a challenge due to high costs and limited accessibility. Leveraging stablecoins, especially in traditionally inaccessible corridors, could revolutionize this space by significantly lowering costs and increasing efficiencies. The company expects to see an increase in consumer-facing remittance apps and B2B solutions for money transfer operators (MTOs) leveraging stablecoins. The…
Blackrock, the world’s largest asset manager, is seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer spot Bitcoin exchange-traded fund (ETF) options. The SEC has opened a comment period on proposed rule changes filed by Nasdaq to list and trade options on Blackrock’s spot Bitcoin ETF. Blackrock’s Ishares Bitcoin Trust has accumulated 28,622 bitcoins since launch. SEC Opens Comment Period on Ishares Bitcoin Trust Options Trading Blackrock, the world’s largest asset manager, is planning to offer options on Ishares Bitcoin Trust (IBIT), a spot Bitcoin exchange-traded fund (ETF). Nasdaq, which lists and trades IBIT, filed a proposed…
Dogecoin has struggled to fully recover since its decline two weeks ago. As prices fell, overall supply decreased further. Recently, Dogecoin (DOGE) has experienced less favorable price trends, resulting in a decrease in the number of tokens in profitable status. Nevertheless, despite the downtrend, derivative indicators indicate buyer aggression. Dogecoin profits decline Analysis of Dogecoin’s supply shows a decline in returns at the start of the year, following a relatively stable trend throughout December. Profits remained roughly constant, with approximately 103 billion tokens benefiting. But it had fallen to about $79 billion earlier this year, according to Santiment. There were…
Recently, there has been a significant surge in developer activity in the blockchain sector, with TON (The Open Network) gaining prominence. The TON Developer Report for Q4 2023 revealed notable developments demonstrating the rapid expansion of the developer community and increased participation across various aspects of the network. Growth Trajectory: Looking at the Numbers The TON blockchain has seen a massive increase in developer activity, especially notable during a period of bearish trends in the broader cryptocurrency market. The Q4 2023 report highlights a 22.8% increase in membership in Telegram’s TON developer community. This growth is part of a broader…
One last cheer before heading into 2021. Read on for updates on some of our beneficiaries! Gitcoin For CLR matching Gitcoin Grant CLR was One of the first practical uses ~ Of 2nd financingNumber of unique contributors to the grant greater weight rather than the dollar total when determining the match amount. CLR grants have come a very long way since the first round in early 2018! Sixteen organizations and nearly as many individuals pledged matching funds. 8 rounds, which has grown into a truly community-driven support system for the ecosystem’s many open source contributors. The platform itself has also…
The cryptocurrency market is experiencing various trends, with Solana (SOL) experiencing a notable decline. After peaking at $126 in December 2023, the price of Solana (SOL) fluctuated and remained above the upward support trend line for more than 95 days. Analysts are divided on the future of Solana (SOL). Some predict an uptick, others a further decline, but all remain bullish on 2024. Technical analysis shows mixed signals, with a breakout potentially leading to an 18% rise to $117. On the other hand, emerging cryptocurrencies such as Sui (SUI), Aptos (APT), Sei (SEI), Arbitrum (ARB), and Jito (JTO) are attracting…