Author: Crypto Flexs

In 2023, venture capitalists invested $10.7 billion in cryptocurrency and blockchain startups, a 68% decrease from the $33.3 billion invested in 2022.Most of these investments were made in the first half of the year, with a decline in the second half of the year. But funding increased in November. In particular, in 2023, the proportion of deals allocated to Pre-Seed, Seed, and Series A startups increased, while mid- and late-stage deals decreased compared to the previous year.In terms of verticals, NFTs/gaming, infrastructure, and web3 maintained their lead in terms of number of transactions, while other categories such as data, transactions,…

tl;dr Kiln🧱🔥 has been uploaded, Check it#TestingTheMerge is in full swing. Do your part and get involved! Kiln🧱🔥 is up, check it out A week ago, the Kiln🧱🔥 testnet underwent a merge transition to evolve from a PoW testnet to a fully functional PoS testnet. When you run a validator on the mainnet, Now it’s time to test your post-merge settings.. jump in kiln landing page And dig into it. Earnestly. It’s time. #TestingTheMerge is in full swing. participate! The transition from PoW to PoS at Kiln was trouble-free. Due to an encoding error, Prysm Invalid block generationSome running clients…

Binance is once again on the move with new special listings for Dogecoin, Cardano, Chainlink, and more. The exchange has announced new cryptocurrency trading pairs for these cryptocurrencies that will provide advantages to traders. Binance Adds New Dogecoin, Cardano, and Chainlink Pairs In a new development revealed on Christmas, the Binance cryptocurrency exchange has expanded the list of pairs available to both cross-margin and isolated-margin users. The announcement reveals that they will be adding 11 new pairs across these two products. The new pairs are primarily represented by the FDUSD pair, a stablecoin adopted by the exchange after Paxos was…

The combination of innovations in artificial intelligence (AI) and web3 could lead to the emergence of a thriving cryptocurrency subsector in 2024, according to analysts.“Both AI and cryptocurrency are maturing rapidly, and while the potential of artificial intelligence and blockchain integration remains largely uncertain today, the new use cases and possibilities enabled by both technologies are enormous,” Nansen analyst Sandra Leow told The Block. He said.CEO Ryu emphasized the development of AI agents, a field that combines elements of AI and Web 3. She highlighted how these on-chain bots can help process transactions and exchange value on behalf of human…

A widely known cryptocurrency analyst says a little-known altcoin has massive upside potential as he updates his outlook on smart contract platform Solana (SOL). Pseudonym: Cryptocurrency Strategist Altcoin Sherpa says Beam (BEAM), an open-source gaming blockchain, has “big upside” potential in 2024, according to social media platform X, which has 202,300 followers. “BEAM: A good buy (I think)… I will keep this until 2024. Big upside and my play for this cycle (albeit with other smaller bets).” Source: Altcoin Sherpa/X BEAM is trading at $0.021 at the time of writing, up 8.34% in the last 24 hours. Altcoin Sherpa goes…

October 29 FCA statement Posting time: 14:01h announcement Posted by Elodie Jallet October 27, 2023 — We understand that Bitfinex is included in the UK Financial Conduct Authority’s (FCA) unauthorized firms warning list. Bitfinex is very disappointed with the action taken by the FCA. Bitfinex has had detailed discussions with the FCA and has proactively taken steps to meet the FCA’s requirements, including notifying all customers of details of any steps taken to meet the FCA’s requirements. Bitfinex also blocked various website pages that UK visitors might visit, including the Bitfinex Affiliates page, Stake page, credit/debit cards, Lending Pro, Bitfinex…

Several cryptocurrency industry stakeholders have lawsuits pending in the U.S. and other jurisdictions after a busy year for government prosecutors and digital asset lawyers. 2023 saw the cryptocurrency industry’s largest court case to date, with a multibillion-dollar settlement between the industry’s largest exchange and several U.S. regulators. But 2024 promises another series of court battles against illegal activities and cryptocurrency defendants. The U.S. Securities and Exchange Commission (SEC) has sued several cryptocurrency companies in what some advocates are calling a “regulation by enforcement” campaign for blockchain assets. I found a typo in the SEC’s briefing. They cite an “aggressive regulatory…

After years of mostly unkind words for the crypto industry, 2023 was the year that U.S. regulators took out the sticks and stones. Following the collapse of criminally mismanaged crypto brand FTX in November 2022, Wall Street’s top regulator, the Securities and Exchange Commission, had the perfect reason to crack down on an industry full of “hucksters, fraudsters and scam artists”—to quote SEC chair Gary Gensler.But has the crackdown gone too far?Some U.S. lawmakers, including the crypto-friendly Majority Whip Tom Emmer, have criticized the regulator for “stifling innovation” in the world’s biggest economy. Republican Patrick McHenry (R-NC) accused Gensler of wanting to…

XRP price is on a war path today and has already started to rebound. Interestingly, this rally is coming at a time when the rest of the cryptocurrency market is slowing down with losses here and there. So what is driving the XRP price rise? Ripple showing positive upward trend Much of the positive sentiment that has fueled the rise in XRP price comes from XRP’s parent company, Ripple. Ripple, which has rallied through an outstanding year, looks set to see further gains, especially in the wake of the FTX bankruptcy. In a new development, court documents show that Ripple…

On a chilly day on December 25th, overall market sentiment was somewhat quiet and investors appeared to be retreating to enjoy the holiday cheer. Despite the market taking a moment to catch its breath right now, it’s been an impressive year and there are rumors that a Bitcoin spot ETF could possibly receive approval in January. With a market capitalization of $1.68 trillion and a trading volume of $63.6 billion, the current market scenario interestingly leans towards ‘greed’ with a score of 72 on the fear-greed index. As the year comes to a close, we hear the whispers of Santa…