Binance US was banned in Florida and Alaska after its CEO’s guilty plea sparked a regulatory crackdown. Florida suspended Binance US’s license, and Alaska refused to renew it, citing concerns about Zhao’s plea. Despite the challenges, Binance US continues to operate in some states. Binance US, a branch of the Binance cryptocurrency exchange licensed to operate in the United States, has come under increased regulatory scrutiny as Florida and Alaska implemented bans following the guilty plea of founder and former CEO Changpeng Zhao. These developments mark a critical juncture for the cryptocurrency industry and highlight the challenges Binance US faces…
Author: Crypto Flexs
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Investors added about $170 million to IBIT on Thursday, with the fund purchasing nearly 4,300 more Bitcoin (BTC), bringing its total token holdings to 49,952. Early Friday, Bitcoin’s price rose well above the $40,000 level, pushing AUM past $2 billion.
Cryptocurrency-based AI platform imgnAI closed a $1.6 million seed funding round led by Hack VC. Rana Capital, Selini Capital, West Ham Capital, Motus Capital and dao5 also participated in the round, but their valuation was not disclosed.According to the website, the image creation bot platform launched in late 2022 and uses imgnAI crypto tokens to unlock premium features and create images directly as NFTs. Tokens used for such functions will be burned, reducing the total supply.“imgnAI combines user-friendly consumer AI products with powerful tools to foster an enjoyable creative loop for artists of all skill levels,” Hack VC partner Roshun…
Shiba Inu (SHIB) price has been falling since the resistance trend line rejected it on December 17, 2023. Shiba Inu also fell below the short-term horizontal zone. Will we get it back, or will the downward movement continue? Shiba Inu trade met with resistance Technical analysis on daily time frames shows that Shiba Inu price has been trading within an upward parallel channel since June 2023. This increase led to a high of $0.00000120 on December 17, 2023. Then, the channel’s resistance trend line rejected it and SHIB price began a downward trend thereafter. At the beginning of the year,…
A widely respected cryptocurrency analyst and trader is expressing optimism about a privacy-focused micro-altcoin project. Analyst known by the pseudonym Altcoin Sherpa says 206,200 followers on social media platform “MANTA: Soon to hit an all-time high. Newly launched coin + narrative = strong candidate to actually do well in the current market environment.” Source: Altcoin Sherpa/X MANTA is trading at $2.97 at the time of this writing, down more than 8% in the last 24 hours. Next is the merchant predict Ethereum (ETH) rival Solana (SOL) may retest the lower Fibonacci retracement level before another bounce. “SOL: I think the…
January 26 The battle for Bitcoin privacy is heating up. Post time: 14:59h education by admin The fight for Bitcoin privacy is intensifying as more than 25 Bitcoin companies comment on the Financial Crimes Enforcement Network’s new proposed rule targeting cryptocurrency mixers. These rules force cryptocurrency exchanges and platforms to report transactions linked to mixed services. Mixing services enhance user privacy by mixing different cryptocurrency funds to obscure their origin and destination. Let’s look at the pros and cons of the argument. Bitcoin companies say the new rules impose onerous regulatory burden. At least 25 companies The Bitcoin industry has…
Welcome to the ultimate guide to NoirBits, a world full of intrigue and mystery. There’s a lot to explore in this dark and fascinating genre, from its origins to its impact on pop culture. Whether you’re a seasoned noir fan or new to the world of noir, this guide will give you all the information you need to fully fall in love with the genre. The origins of noir NoirBits has its roots in early 20th century film and literature. Born out of the disillusionment and cynicism following World War I, the genre is characterized by dark and gloomy atmospheres,…
Renowned cryptocurrency analyst Michael van de Poppe recently outlined three key factors that could portend a bullish phase for Ethereum, the second-largest cryptocurrency by market capitalization. One of the important factors he identified is Bitcoin’s current behavior. The analyst noted that signs of Bitcoin’s recent bottom as the market leader tend to outpace altcoin rallies, suggesting a potential upside for Ethereum. Van de Poppe also highlights the growing excitement surrounding a spot Ethereum Exchange-Trade Fund (ETF). According to Van de Poppe, the growing buzz around these spot ETFs is a significant catalyst that could boost the value of Ethereum in…
Earlier this week, Bitwise became the first Bitcoin exchange-traded fund issuer to issue a wallet for its fund, and it wasn’t long before the wallet started receiving unexpected gifts.Some users sent small amounts of Bitcoin to their wallets as follows: 0.00042069 BTC +3.58% . Others sent BRC-20 tokens, Bitcoin domain names, and various Bitcoin NFTs to their wallets. The purses totaled more than $5,000.Commenting on all of this, Bitwise CIO Matt Hougan said, “All assets are accrued for the benefit of BITB shareholders.”If Bitwise receives assets involuntarily, it may sell those assets for cash and distribute the cash proportionately to…
Contracts for Plutus and Timelock scripts surged. Network activity increased, but the ADA price fell to $0.47. Number of deployed smart contracts Cardano (ADA) The network has been growing since the beginning of the year. Cardano Blockchain Insights showed. At press time, smart contracts for Plutus Script V2 have increased. When the year began it was about 6,296 years old. However, at the time of writing, that number has risen to 17,718. This was a similar case for the Timelock script, which jumped from 115,469 to 118,364. Source: Cardano Blockchain Insights Cardano has scripts locked down. Smart contracts are programs…