The judge did not issue a ruling or announce the outcome, but Coinbase’s victory could be a major blow to the SEC, which has lost several cryptocurrency-related lawsuits. With the U.S. Congress failing to provide clear guidance for the nascent cryptocurrency market, major U.S. cryptocurrency players have turned to the judicial system to find an appropriate interpretation of the law. High demand for cryptocurrency assets and the upcoming US general election have clearly divided lawmakers. Nonetheless, cryptocurrency interests have come together through Fairshake, a federal super PAC registered with the Federal Election Commission, and have raised $78 million to ensure…
Author: Crypto Flexs
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According to Ether active options data, the largest cluster of open contracts is a call option with a strike price of $2,550 that will expire on Friday, January 19th. There are more than 24,600 open contracts for the $2,550 strike price, according to Deribit data. It has a nominal value of over $62 million. In options trading, a call option gives the holder the right, but not the obligation, to purchase the underlying asset at a specific price before or at the expiration date. Ether call options are centered at $2,550 ahead of expiration on Friday. Image: Deribit. The existence…
The current state of the cryptocurrency market presents a somewhat mixed picture. Ethereum (ETH) is experiencing a noticeable decline in performance compared to Bitcoin (BTC), evidenced by the decline in the ETH/BTC ratio, an important indicator for those trading altcoins. Nonetheless, Ethereum (ETH) has maintained a solid performance against the US dollar, up around 10% since December. Despite ETH struggling to keep pace with Bitcoin, this resilience shows that it is strong enough to maintain its value regardless of BTC’s market movements. Despite the current uncertainty and the absence of a traditional alt season when alternative cryptocurrencies typically surge in…
January 12th What is Sats4ai? Posted at 14:44h education by admin Sats4ai provides users with access to free, open-source generative AI models that can generate audio, images, and text. What sets Sats4ai apart is its integration with Bitcoin’s Lightning Network, a solution that allows users to seamlessly make instant micropayments to pay for these AI services based on usage. Convergence of Bitcoin and Artificial Intelligence Last July, we explored the interesting concept of how Bitcoin could expand access to artificial intelligence (AI) on the Bitfinex blog. This article explored how Bitcoin, which is by definition decentralized, permissionless, and globally accessible,…
The stock price of Baidu, a popular Chinese technology company, fell significantly after reports emerged that Ernie Bot, an AI chatbot, was tested in a Chinese military-affiliated laboratory. The situation has raised concerns among investors about potential geopolitical ramifications and the complexities Chinese AI companies face in balancing innovation and political challenges. On January 15, 2024, Baidu’s Hong Kong-listed shares fell 11.5%, the largest decline since 2022. The decline was triggered by a South China Morning Post report that the People’s Liberation Army’s Strategic Support Force, which oversees cyber warfare, had been testing Baidu’s AI chatbot for military purposes. The…
The Sui Foundation, which powers the $2 billion layer 1 blockchain Sui, has entered into a strategic partnership with Stork, a specialized off-chain data feed oracle. This collaboration will revolutionize the environment for traders and builders by optimizing speed and accessibility to unique indices and market average prices. Designed specifically for ultra-low-latency trading, Stork has established itself as the leading oracle providing real-time price data to application developers, decentralized exchanges (DEXs), and lending protocols operating on Sui’s blockchain. The platform excels at publishing updates to more than 80 price feeds within milliseconds, outperforming other decentralized oracles, as Stork claims. In…
This round was led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, and LBank. The Paris-based company said it also included additional contributions from existing investors. The new round was an expansion of Kiln’s $17.6 million Series A announced in November 2022.
Animoca Brands has released the first phase of Anichess, a free-to-play chess video game. The plan was created by Animoca Brands, Chess.com and five-time world chess champion Magnus Carlsen. Anichess will introduce chess lovers to a very unusual version of the traditional game for free. Anikes is a fascinating game that combines the basic rules of chess with an interesting narrative and new game elements such as a magic spell mechanic that can be used for a variety of strategies. This initial release will include Player vs. Environment (PvE) gaming, and a follow-up version will include Player vs. Player (PvP)…
Cryptocurrency exchange WOOIn a statement shared with The Block, WOO said it received new funding from designated market makers, with participation from Wintermute, Selini Capital, Time Research, Presto Labs, Pulsar, AlphaLab Capital, Efficient Frontier, Amber, and Riverside Hedge.“We are excited to share the expanded market maker relationships at WOO “We expect to see significant improvements in liquidity for WOOWoo said it revamped its business model in the third quarter of last year to work with more liquidity providers for spot and perpetual futures markets to “move away from Kronos Research as a single liquidity provider.”Kronos, November 2023 I experienced hacking…
Chainlink (LINK) registered extended gains within its long-term range as Stellar (XLM) experienced a slight uptrend. Meanwhile, Borroe Finance ($ROE) has also seen impressive performance similar to these top altcoins. Let’s compare the growth of Borroe Finance ($ROE) with that of these top cryptocurrencies. Chainlink Price Soars: What to Expect Chainlink (LINK) rose on January 8 and remained within its 120-day horizontal range. Looking at Chainlink’s price path, LINK has been trading within this range since November 8th. On December 28, Chainlink (LINK) broke out of this zone and reached a yearly high of $17.68. LINK’s price then fell to…