The US SEC’s lawsuit against Binance has been strengthened by a $4.3 billion legal settlement between the company, the Justice Department, and other US agencies. The SEC has nothing to do with this settlement, but plans to take legal proceedings against Binance, the world’s largest cryptocurrency exchange.The ongoing legal battle against BinanceOn December 8, the SEC asked a federal court in Washington, D.C., to review the admissions made as part of a legal agreement signed on November 21 by Binance and its former CEO Changpeng Zhao. The SEC filed a lawsuit against Binance and Binance in June. Zhao accuses them…
Author: Crypto Flexs
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Here’s the update: Ethereum Foundation Researcher Marcus AM. Hello 👋, my name is Marcus and I am a researcher and builder from Guatemala. EF Fellow. An optimist, I am a leader in leveraging social, cultural and technological innovations to create a better society. This is a belief I have had since I was young. Guatemala: A country of challenging opportunities As a child, I spent weekends with my father visiting many of Guatemala’s most desolate villages. At the time, he was running a non-profit organization whose mission was to provide last-mile medical care and establish educational programs. The community we…
Top news this week Binance founder CZ must remain in the United States until the ruling and judge’s order. Binance founder Changpeng “CZ” Zhao has been ordered to remain in the U.S. until sentencing in February, with a federal judge ruling the former cryptocurrency exchange CEO poses too great a flight risk if he is allowed to return to the United Arab Emirates. I did. On December 7, Seattle District Court Judge Richard Jones ordered Zhao to remain in the United States until his sentencing date of February 23, 2024. He faces up to 18 months in prison after pleading…
Large competitors to smart contract platform Ethereum (ETH) surged on Friday as the cryptocurrency market continues to rise. Cardano (ADA) had its best day in terms of large-scale layer 1 blockchain projects, up nearly 20% in 24 hours. The ninth-largest cryptocurrency asset by market capitalization has hit its highest price since August 2022 and is trading at $0.546 at the time of this writing. ADA is also up about 43% in the last 7 days. Avalanche (AVAX) also had a strong performance on Friday, rising more than 11% in 24 hours. The 11th largest cryptocurrency asset by market capitalization is…
XRP It is one of the biggest gainers in the last 24 hours. As for why the cryptocurrency token has risen, a popular cryptocurrency sleuth has provided some answers, revealing Ripple’s recent significant moves. There is a possibility that the talks may end due to this revelation. Price of XRP is becoming Manipulated by RippleConsidering that cryptocurrency companies have shown the greatest interest in XRP so far. Ripple is reported to have repurchased approximately 700 million XRP. in post Mr. Cryptocurrency Detective on his X (formerly Twitter) platform. Huber noted: ripple Approximately 700 million XRP was purchased back from the…
The seemingly anonymous developer ‘KP’ did all the work immediately after discovering the vulnerability. compound COMP +0.50% It is the v3 protocol of , also known as Comet. This vulnerability would have allowed hackers to directly steal user funds. Although this is a very unprofitable cost, KP estimates that an attacker would need billions of dollars in gas fees to steal $1 million in funds. After finding and validating the vulnerability, KP reported it to Compound and its security partner OpenZeppelin, along with a code repository containing a proof-of-concept simulation of the attack. The bug was immediately patched and KP…
In a recent development, wallets associated with defunct cryptocurrency trading firms FTX and Alameda Research orchestrated the transfer of $23.59 million worth of digital assets over four days. The move involved 19 tokens, including ETH, ALEPH, CRV, AVAX, LINK, DOGE, MATIC, UNI, and SOL.Blockchain analytics firm Spot On Chain confirmed the transaction and estimated that the non-existent entity had transferred $591 million since October 24 using 59 different cryptocurrency tokens. . Recent transfers from FTX wallets include 3,150 Ether (ETH) worth $6.8 million, $59.6 million in Aleph.im (ALEPH) worth $6.41 million, $2.48 million in Curve DAO (CRV) tokens, and 990,000…
Palau is promoting a central bank digital currency (CBDC) pilot based on Ripple technology. Despite minor issues, feedback from pilots conducted on Ripple’s CBDC platform has been positive. Successful CBDC Pilot In the first phase of the program, the Ministry of Finance reported high satisfaction with Palau’s Ripple-based central bank digital currency (CBDC) pilot. About 31.7% of survey participants said they were satisfied with their experience, while 36.6% rated it as excellent. The pilot program, which ran from June to September 2023, imposed various restrictions, included only 168 volunteers, and allowed the circulation of up to $20,000 worth of digital…
Illustration by Mitchell Preffer for Decrypt.Bitcoin continued its rally this week, while meme coins also rose.The largest cryptocurrency by market cap is currently trading at $44,021 per coin, according to CoinGecko. Over the past 24 hours, this is an increase of less than 1%. However, it soared by 13.4% in one week.experts said decryption This rally was largely due to the hype surrounding the ostensibly imminent approval of the long-awaited spot Bitcoin exchange-traded fund (ETF) product.Some analysts have said this could lead to a flood of capital into the cryptocurrency market as traditional investors would gain exposure to digital assets.As…
reporter Posted on: December 10, 2023 Ethereum developers postpone Cancun upgrade. The price of ETH was unaffected and continued to grow. As the price of Ethereum (ETH) soared, interest in the network also increased. However, this improving sentiment may soon come crashing down due to new development updates in Ethereum. slight delay They recently decided to delay deploying the Cancun upgrade. This was done when Ethereum developers recently met at their 176th meeting to discuss upgrades to make Ethereum better. They are currently testing the Cancun/Deneb upgrade to make Ethereum more efficient and secure. We plan to go live on…