Ethereum (ETH) reached nearly $2,400 a few days ago (according to CoinGecko data), largely a recovery from disastrous losses in 2022. Nonetheless, the valuation remains below the all-time high above $4,800 set in November 2021. Some analysts predict that ETH could hit another all-time high in the coming months as the current boom continues into 2024. Not only is interest in Ethereum surging, but promising projects such as Kaspa (KAS) and InQubeta (QUBE), which are preparing for a significant rally, are also attracting attention. InQubeta and Kaspa are among the best DeFi projects considering their potential for exponential growth in…
Author: Crypto Flexs
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Ripple Labs Chief Legal Officer Stuart Alderoty recently revealed via the X social media platform (formerly Twitter) that the U.S. Securities and Exchange Commission (SEC) has offered the fintech company an early settlement. The revelations come three years after then-SEC Chairman Jay Clayton filed a legal lawsuit against Ripple and its top executives, including co-founder Chris Larsen and CEO Brad Garlinghouse. This is what came out. Ripple rejects SEC’s early settlement offer Stuart Alderoty, Ripple’s Chief Legal Officer, recently shared details about the SEC’s early settlement offer for 2020. The proposed settlement outlined by the SEC proposed that it…
Five-Card Draw was popularized in the United States but was invented in France. It was carried over to pre-Civil War America as a result of the Louisiana Purchase in the early 1800s, when the United States purchased millions of acres of land from France. It was popular with soldiers during the Civil War, and after the Civil War ended, the soldiers returned home and spread the game across the country. Today, the game has been so completely overtaken by Texas Hold’Em that it has been relegated to being a poker game played before shootouts in Western movies. The game is…
According to the report, Bulgarian authorities said there was “no evidence of criminal activity,” adding, “No evidence of tax violations or computer fraud was found against the defendants.” Prosecutors also concluded that the products offered by Nexo did not constitute financial products, the report added.
With the goal of simplifying Web3 access for both new and experienced users, Ava Labs has launched Core, an all-in-one Web3 assistant that gives users maximum control over their Web3 experience. Founded in 2018 by Professor Emin Gün Sirer and a team of Cornell computer scientists, Ava Labs set out to solve the scalability problems plaguing existing blockchains like Ethereum. Their brainchild, Avalanche, emerged in 2020 as an open source platform for building decentralized applications (dApps) and custom blockchains. In recent years, the Avalanche ecosystem has experienced steady growth. An active community of developers and entrepreneurs is building a variety…
The Central Bank of Nigeria (CBN) recently rolled back stringent anti-cryptocurrency measures that had barred banks from processing cryptocurrency-related transactions for nearly two years. The move is in line with joint efforts among Nigerian banks to introduce a new stablecoin called cNGN. The CBN noted that global interest and adoption of cryptocurrencies has prompted a reconsideration of the severe restrictions imposed for 2021. CBN reveals stringent requirements. Nigerian regulators have released revised guidelines setting standards and prerequisites for banking relationships and account openings for virtual asset service providers (VASPs). Among these, banks are required to collect the cryptocurrency company’s executive…
Bitcoin, the world’s first decentralized cryptocurrency, has become increasingly popular over the years. However, one of the main concerns for many people is the lack of anonymity when it comes to buying and selling Bitcoin. Transactions are recorded on a public blockchain, making them traceable to a user’s identity. As a result, many individuals are looking for ways to buy Bitcoin anonymously to protect their privacy and security.There are several methods available for individuals to purchase Bitcoin anonymously. Some involve using cash, while others rely on technology to mask the user’s identity. In this context, anonymity refers to a lack…
join us telegram A channel to stay up to date on breaking news coverage Newly released cryptocurrency Assets can offer buyers a higher return on investment (ROI). Today, we reviewed various new coins on the market. This year has seen a rise in new cryptocurrencies vying for space alongside giants like Bitcoin and Ethereum. Some new tokens have had high returns, while others have been scam projects. New cryptocurrency launches, listings and pre-sales today As 2023 nears its end, more new cryptocurrencies have emerged. Some have already achieved success with price surges beyond imagination, while others have shown exceptional promise.…
With regard to custody agreements, the SFC emphasizes that the fund’s trustee or custodian may only delegate cryptocurrency custody functions to SFC-licensed VATTPs or institutions that meet the cryptocurrency custody standards set by the HKMA. Hong Kong announced that it is ready to accept applications from traditional financial firms interested in exploring emerging economies by creating exchange-traded funds (ETFs) tracking spot-based cryptocurrencies. The country already allows futures-based cryptocurrency ETFs and has approved exchange-traded ETFs such as Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures. Crypto-friendly countries are now ready to open their borders to welcome spot ETFs…
OpenAI, the innovative company behind the well-known ChatGPT, is currently in the preliminary stages of a potentially game-changing funding round. The company is currently engaged in talks to seek new funding worth at least $100 billion, according to recent sources. This is a significant increase from the company’s previous valuation of $90 billion when it went public. If this monumental financial move is successful, OpenAI could become the second most valuable startup in the U.S., behind Elon Musk’s SpaceX, which is valued at $180 billion. It will also make OpenAI the third most valuable private company in the world, behind…