The recent settlement between Binance, its former CEO Changpeng Zhao, and the U.S. Department of Justice (DOJ) has shocked the entire cryptocurrency industry due to its money laundering and terrorism-related financial implications, but many analysts and executives believe it is: Ultimately, this is a good outcome considering it allows the cryptocurrency space to grow without the uncertainty associated with one of the largest players.advertising Analysts claim Binance’s agreement is a sign of industry growth Groundbreaking dispute over money laundering and terrorist financing charges between Binance, one of the world’s largest cryptocurrency exchanges, and its former CEO, Changpeng “CZ” Zhao, and…
Author: Crypto Flexs
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It has been reported that Atletico Madrid, the Spanish soccer team, is preparing a lawsuit against Whale Finn. cryptocurrency exchange Singapore-based is accused of failing to pay 40 million euros, equivalent to $44 million, in sponsorship money. Prior to the 2022-2023 season, the club signed a five-year contract with WhaleFin. WhaleFin was to be installed as one of the club’s main sponsors. However, Atlético Madrid allege that WhaleFin breached the terms of the contract by failing to pay the amount agreed upon when the deal was signed. Accordingly, the club is demanding 20 million euros in compensation, equivalent to 22…
The altcoin market is on the move, and technical indicators that have only been seen twice before have just flashed up, suggesting further bullish momentum. Altcoins generally lag the market and are the last to move when the cycle changes. However, just a few months before the deadline, things already appear to be happening in the altcoin market. Altcoin Golden Cross On November 22, cryptocurrency analyst “Moustache” reported an imminent altcoin market cap golden cross on the SMA-20 (Simple Moving Average) monthly chart. “This has only happened twice in the history of altcoins,” he said. During this period, golden crosses…
November 20th Bitfinex Alpha | BTC Consolidates as Economy Shows Signs of Stabilization Posted at 14:04h On Bitfinex Alpha Maria Lobusova In contrast to the rally currently seen in altcoin markets, Bitcoin is in a phase of consolidation and uncertainty, with its price fluctuating amid fears of a long-term decline. Last week, BTC made a second attempt to break $38,000, but the momentum was short-lived as large profit-taking was seen in both futures markets. We see a negative cumulative volume delta and an 8.7% decrease in open interest. And in the spot market, there was a wall of sell orders.…
The most recent events in the SHIB ecosystem, particularly the mass burning of Shiba Inu tokens, have raised concerns in the cryptocurrency community. Nonetheless, the impact of this burn on the price of SHIB has been a topic of discussion among investors and followers.Shiba Inu rally begins due to major token burning eventEthereum’s famous meme coin, Shiba Inu, held a major token burn event last week on November 21, which has certainly brought interest back into the world of digital currencies. While the market has been volatile, the SHIB community has been engaging in intentional coin burnings to reduce circulating…
Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX and trading firm Alameda Research, reveals the economic realities of prison life in New York’s Metropolitan Detention Center, including using fish to pay for haircuts. The Wall Street Journal reported that they adapted quickly to . People who are knowledgeable about the matter.Learning from prisoners including a former Honduran president and Mexico’s top cop, the former Jane Street trader moved away from his $30 million Bahamian penthouse cryptocurrency billionaire lifestyle to trade high-value digital assets to become a mackerel trader. This is the currency used in federal prisons since the 2004…
Artificial intelligence tools like ChatGPT will “clearly become mainstream” by 2023, according to a new survey of more than 1,500 professionals working in technology and related fields. However, despite rapid adoption, most respondents still believe AI is overrated. Less than a quarter rated it ‘fairly appraised’.A survey conducted by Retool found widespread enthusiasm tempered by skepticism. Founded in June 2017 and part of the Y Combinator accelerator program, Retool provides a platform for building internal business software using a visual development interface.“By 2023, AI, especially generative AI, will be firmly established as mainstream,” the report said. “It seems like everyone…
Litecoin price is struggling to rise above $66.40 against the US dollar. LTC may revisit the $60 support before the bulls take a strong stance. Litecoin is correcting losses incurred at the $63 support zone against the US dollar. The price is currently trading below $66 and the 100 simple moving average (4-hours). The 4-hours chart of the LTC/USD pair (data feed from Kraken) shows a major contraction triangle forming with resistance near $65.50. The price may fall towards the $60 support level before starting a fresh hike. Litecoin price indicates bearish movement. Bitcoin, Ethereum, Litecoin and other altcoins experienced…
Poloniex was hacked and over $100 million worth of cryptocurrency was stolen. Tron founder Justin Sun confirmed the hacking, saying he would give the hacker a 5% white hat reward. Cryptocurrency exchange Poloniex has reportedly been hacked worth over $100 million after its hot wallets were compromised. According to data from the Onchain Data Platform: Look on chainHackers moved the stolen assets to wallets on Ethereum and Tron as they attempted to cash out their loot. Poloniex Hacker Is Selling Stolen Assets #Ethereum for $ETH and stolen assets. #tron network $TRX. Stay safe! #polonyxhackerhttps://t.co/RFi9PHpbyphttps://t.co/6BlwKUOHG5 pic.twitter.com/G6ETnc3Q1M — Lookonchain (@lookonchain) November 10,…
In the cryptocurrency space, protecting digital assets is of utmost importance, and understanding the differences between hot and cold wallets is important for every investor. Whether you are a daily trader or a long-term holder, knowing which wallet suits your needs is critical to your investment strategy in the volatile cryptocurrency markets. In this article, we will explore the complex differences between the two and review the pros and cons of each. What is a cryptocurrency wallet? A cryptocurrency wallet is a digital or physical device that securely stores private and public keys and facilitates transactions. These digital wallets are…