Author: Crypto Flexs

Cryptocurrency lender Celsius has taken steps to repay creditors by moving $125 million worth of ether (ETH) to cryptocurrency exchanges. According to a report by Arkham Intelligence, between January 8 and 12, Chelsea transferred $95.5 million to Coinbase and $29.7 million to FalconX.Celsius’ massive ETH holdings and redemption planDespite these transfers, Chelsea still holds a significant amount of Ether on its balance sheet, over 550,000 ETH (equivalent to approximately $1.36 billion). After unstacking approximately 206,300 ETH, the lender announced plans to use these funds for restructuring costs and begin repaying creditors. However, the specific timeline for these repayments remains unclear.long…

The native utility token of South Korea’s Ethereum (ETH) rival is rallying following news of a proposed new blockchain merger. Layer 2 smart contract platform Klaytn (KLAY) rose 39% from a 24-hour low of $0.189 to a high of $0.262 after announcing a proposed merger to create “Asia’s leading blockchain system.” KLAY has since stabilized and consolidated, trading at $0.219 at the time of this writing, up nearly 17% in the last 24 hours. Klaytn is a public blockchain platform that aims to provide a user-friendly interface and experience. Klaytn is owned by Kakao, a South Korean internet and mobile…

Mastering rapid design in interactions with Chatbot AI, including ChatGPT and Character AI, is critical to achieving accurate and relevant results. A recent paper by Kyle Dylan Spurlock, Cagla Acun, and Esin Saka titled “ChatGPT for Interactive Recommendation: Reprompting with Feedback” takes a deep dive into how to use large language models (LLMs) like ChatGPT to power recommender systems. presents. We focus on the effectiveness of ChatGPT, a top conversational recommender system, and explore strategies to increase recommendation relevance and mitigate popularity bias.​​ This study also investigates the current state of automated recommender systems, highlighting the limitations of existing models…

The parents of FTX founder Sam Bankman-Fried are attempting to have a lawsuit filed against them by the exchange, claiming they were not involved in fraudulent transfers or breaches of fiduciary duty.in filing monday date, Attorneys Joseph Bankman and Barbara Fried said the plaintiffs, including the debtors at FTX and Alameda Research, sought to “take advantage of the sheer fact that the defendants’ sons were founders and officers of the debtor companies.”“That relationship is not litigable,” Bankman and Fried’s attorney said. “Although Plaintiffs allege that Defendants interacted with the Debtor Organization in a limited capacity, Defendants never performed any administrative…

Bankman and Fried, both professors at Stanford Law School, argued that Bankman had no fiduciary relationship with FTX and did not act as a “director, officer or manager.” Even if a fiduciary relationship existed with FTX, the violation, according to the Jan. 15 court filing.

Bitcoin price is still struggling below the $43,500 resistance zone. A clear move above the $44,000 resistance area could allow BTC to begin a recovery. Bitcoin price began a consolidation phase in the $41,500 area. The price is trading above $42,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major rising channel forming with resistance near $44,000. A rise above the $44,000 resistance zone could lead to a significant recovery for the currency pair. Bitcoin Price Faces Hurdles Bitcoin price found support near $41,500 and recently began a consolidation…

XRP price is consolidating above the $0.5400 support. A clear move above the $0.600 resistance could trigger a new rally for the price. XRP is struggling to clear the $0.588 and $0.600 resistance levels. The price is currently trading below $0.5920 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair, there is a major bearish trendline forming with resistance near $0.600 (data source from Kraken). Clearing the $0.588 and $0.600 resistance levels will initiate a new rally for the pair. XRP Price Aims Higher After a significant recovery, XRP price was able to stabilize…

SUSHI is up more than 2.5% over the past seven days. Market sentiment remained bearish, but several indicators supported the bullish trend. The prices of several cryptocurrencies plummeted last week. but, Sushi Swap (SUSHI) As values ​​soared, they behaved differently. Considering market conditions, should investors expect the price of SUSHI to rise in the future? SushiSwap investors profit! Last week was bullish as SushiSwap’s price action remained favorable to investors. According to Coin Marklet Cap, SUSHI is up more than 2.5% over the past seven days. At the time of this writing, SUSHI had a market capitalization of over $258…

January 16th Bitfinex partners with Synonym to connect more customers to the Lightning Network. Posted at 19:29h From media materials Posted by Elodie Jallet Road Town, British Virgin Islands – January 16, 2024 – Bitfinex, a leading digital asset trading platform, has teamed up with Synonym to introduce the ability for customers to purchase Lightning Network connectivity for instant deposits, withdrawals, and payments. Lightning Channel functionality is provided by Blocktank operated by Synonym, a subsidiary of Tether Holdings Limited. Bitfinex customers using Lightning nodes can now easily connect to Blocktank nodes from within Bitfinex. In the past, you had to…

Cryptocurrencies have been a hot topic in the financial world for the past few years, with Bitcoin leading the way as the most well-known digital currency. However, there are many other cryptocurrencies that are making waves in the market, and one of the most promising is ExeCoin. In this article, we will take a deep dive into this emerging cryptocurrency and uncover the secrets behind its potential to become the currency of the future. What is ExeCoin? ExeCoin is a decentralized digital currency that aims to revolutionize the way we use and transfer money. It leverages blockchain technology to ensure…