Hut 8 Mining Corp, a prominent Bitcoin mining company, has categorically refuted JCapital Research’s short report published on January 18, 2024. The report, which saw Hut 8’s stock price fall significantly by 23%, laid out a “pump and dump” scenario for the future and raised concerns about new risks following Hut 8’s merger with US Bitcoin Core (USBTC). As Blockchain.News reported, Hut 8 Mining Corp. was accused of illegal conduct, including an excessive pump-and-dump scheme, sending its stock price down 23%. The report, “The Coming HUT Pump and Dump,” links Hut 8’s $725 million merger with US Bitcoin Corp to…
Author: Crypto Flexs
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Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Several popular cryptocurrencies have seen rapid rises over the past few years. One such example is Solana (SOL). Meanwhile, investors are closely monitoring Borroe Finance (ROE). The platform aims to redefine web3 financing and has garnered support from XRP investors. Find out more about Borroe Finance Borroe Finance has raised more than $2.6 million through an ongoing pre-sale. AI-powered fundraising marketplaces allow web3 businesses to raise cash by selling future earnings to their supporting communities at a discounted price.…
Posted 1 minute ago In ~ Tesla Inc., an electric car maker led by Elon Musk, did not sell or buy bitcoin during the fourth quarter of last year, according to its latest quarterly data. report.Tesla Inc. did not report any Bitcoin-related activity in its fourth quarter report, suggesting the company holds 9,720 Bitcoins. The absence of any mention of the largest cryptocurrency by market capitalization means that Tesla is not involved in converting Bitcoin into fiat. These are the transactions typically included in these reports.The company remains the third-largest Bitcoin holder among publicly traded companies, behind MicroStrategy Inc. and…
Ethereum, the core of the decentralized application ecosystem, found itself on a precarious path this week. The cryptocurrency’s value has breached the crucial $2,250 support level and now stands on the edge of a crucial crossroads between prospects of a revival and the looming threat of a more pronounced recession. Analyzing the technical environment reveals a cautious narrative, as an ominous bearish trend line appears on the hourly chart of the Kraken exchange and elastic resistance at $2,240 presents a formidable obstacle. Ethereum: Uphill Battle and Key Levels to Watch The journey to regain lost ground will require a Herculean…
Changpeng Zhao, the former CEO of cryptocurrency exchange giant Binance, has been denied permission to leave the United States despite offering $4.5 billion worth of bonds. The development follows Zhao’s guilty plea to US anti-money laundering charges and marks a significant chapter in the authorities’ ongoing investigation into the cryptocurrency industry. Zhao blocked from US exit despite Binance stake offer Zhao, who took up his position at Binance in November 2023, has been entangled in a complex legal situation with the U.S. judicial system. He offered to pledge his entire $4.5 billion stake in Binance.US to obtain permission to travel…
Terra Classic is down more than 22% over the past seven days. Sentiment towards LUNC has turned positive and some indicators are bullish. Terra Classic (LUNC) Investors have suffered losses over the past few weeks as token prices plummet. While the price decline can largely be attributed to bearish market conditions, it has also had a negative impact on the blockchain’s staking ecosystem. Terra Classic staking is recovering Terra Classic prices fell by double digits last week. According to CoinMarketCap, LUNC is down more than 22% over the past seven days. The price drop may have created fear among stakers,…
The cryptocurrency market has surged in popularity in recent years, with well-known cryptocurrencies such as Bitcoin and Ethereum gaining attention. However, there is MinCoin, a little-known cryptocurrency that is quickly gaining traction and shows great potential for the future. What is Mincoin? MinCoin, also known as MNC, is a decentralized digital currency created in 2013. It is based on a script hashing algorithm, making it more secure and resistant to hacking. MinCoin is designed to be a fast and efficient form of digital currency with low transaction fees and fast confirmation times. Why Mincoin? Bitcoin and Ethereum may be the…
January 24th Launch Blocktank’s Lightning Channel Service on Bitfinex Navigating the rapidly changing world of digital assets requires a platform that is not only secure, but also versatile and forward-thinking. This is why Bitfinex, committed to innovation, has partnered with Synonym to provide seamless integration with Blocktank and provide users with efficient Lightning channel opening services. Securing Lightning Channels through Integration with Blocktank and Synonyms Whether you are a seasoned cryptocurrency trader or new to the digital asset space, managing Lightning channels and channel liquidity has never been easier. In this article, we’ll walk you through the simple steps to…
Immutable Selects Axelar for Canonical Bridge to Ethereum, Enhancing Web3 Game Interoperability – Chainwire housenewsroomImmutable Selects Axelar for Canonical Bridge to Ethereum, Enhancing Web3 Game Interoperability We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical…
The Hong Kong Securities and Futures Commission (SFC) recently announced its strategic priorities for 2024 to 2026. This document outlines a comprehensive strategy aimed at developing Hong Kong’s securities market, mitigating risks and strengthening investor protection in a dynamic environment. Global financial landscape. Key Focus Areas SFC’s strategic plan is based on four key areas: Maintaining market resilience: SFC aims to strengthen Hong Kong’s financial market infrastructure to support sustainable growth. This includes addressing emerging risks, strengthening risk management among market intermediaries, and improving enforcement tools to detect and respond to misconduct. Strengthening global competitiveness: Hong Kong will leverage its…