A California court recently issued a ruling ordering Crowd Machine and Metavine to pay more than $20 million in restitution, interest, and penalties. This landmark decision follows the 2018 Initial Coin Offering (ICO) of the Crowd Machine Computing Token (CMCT), which the U.S. Securities and Exchange Commission (SEC) classified as fraudulent and unregistered. The case began in January 2022 when the SEC filed a lawsuit against Crowd Machine founder Craig Sproule. The allegations included the misuse of $5.8 million of the $33 million raised during the ICO. CMCT was created as a digital currency that rewards computer owners for their…
Author: Crypto Flexs
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One analyst explained that the recent hiatus in the Ethereum futures market could suggest that ETH’s price rise may resume. Ethereum funding rate has recently decreased One analyst in a CryptoQuant Quicktake post explained that ETH funding rates have cooled from previously overheated levels. “Funding Rate” means the periodic fee currently exchanged by holders of futures contracts on a derivatives platform. A positive value for this indicator means that long-term contract holders are paying a premium to sell short to maintain their positions. This trend means that most traders currently share the bullish sentiment. On the other hand, anything below…
The crypto market is always searching for the next big thing – those hidden gem altcoins that can deliver 10x or even 100x returns. In this article, we highlight 7 undervalued altcoins that have strong fundamentals and utility to potentially explode in 2024. Our research team selected these cryptocurrencies based on their impressive technology, fundamentals, growth potential, and favorable technical analysis that points to significant upside this year. Sponge V2 ($SPONGEV2) – The Next Major Meme Coin Revival The original Sponge token saw meteoric growth in 2023, skyrocketing from a $1 million market cap to over $100 million at its…
Posted 1 minute ago In ~ Cryptocurrency-focused fund manager Bitwise said Wednesday that it has become the first U.S. Bitcoin ETF to disclose the digital wallet addresses of its holdings. Bitwise noted that the decision to publish the information stemmed from the priority of on-chain transparency.“Now anyone can check their BITB holdings and flows directly on the blockchain,” the company wrote on social media Wednesday. line.”bloodRevealing on-chain addresses is the first step toward increasing public transparency. As our infrastructure evolves, we hope to be able to do more, including collaborating with companies like Hoseki. Provides real-time cryptographic proof.”Spot Bitcoin ETF…
A closely watched cryptocurrency strategist believes Bitcoin (BTC) will soon see a parabolic move similar to previous market cycles. Pseudonym analyst Rekt Capital says The 389,700 followers on social media platform The next halving event is expected in April, when miners’ rewards will be halved. According to traders, Bitcoin’s price action is likely to go through three distinct phases before parabolic phase four. “Entry requirements for Bitcoin parabolic uptrend (green): • Survive the current downturn (orange) • Survives pre-half-life retracement (dark blue circle). • Is it easy enough to survive re-accumulation after half-life (red)? let’s go.” Source: Rekt Capital/X Analysts…
Leading cryptocurrency asset management company Bitwise has set a new precedent by becoming the first U.S. physical Bitcoin exchange-traded fund (ETF) to disclose its Bitcoin address holdings.“Now anyone can check BITB’s holdings and flows directly on the blockchain,” the asset manager said. “On-chain transparency is at the core of the Bitcoin ethos, and we are proud to walk alongside BITB.”In response to the growing demand for openness and accountability in the industry, Bitwise is providing investors and the public with real-time access to the Bitcoin addresses associated with their ETF holdings. These disclosures are an attempt to foster trust by…
Coinbase Should Prioritize Insurance Funds Over Ethereum Client DiversityCrypto analyst Adam Cochran urged Coinbase to prioritize creating insurance funds for its users instead of focusing on diversifying its Ethereum client infrastructure. He believes that the current approach to Ethereum client diversity is inadequate and risks causing significant disruption and loss to Coinbase users if a “too many” errors occur. Cochran recommends creating an insurance fund to compensate users in the event of such a failure and suggests giving users the option to use an alternative Ethereum client for added security. This recommendation comes after Nethermind, an Ethereum client used by…
What is Mineral Coin? Mineral Coins are digital currencies based on physical minerals, providing a unique and valuable investment opportunity. This cryptocurrency is built on blockchain technology, which guarantees transparency and security to users. Minerals Coin provides a way for investors to diversify their portfolios and gain exposure to the mining industry. Why invest in Mineral Coins? Investing in mineral coins offers several benefits. First, digital currencies are backed by physical minerals, giving them intrinsic value and stability. This makes it a reliable investment option, especially during times of economic uncertainty. Additionally, Minerals Coin offers low transaction fees and fast…
Community and EducationBlockchainForSchoolsSponsored by BlockchainsForHacks, an idea challenge for high school and college students looking to create innovative projects using blockchain technology.Cryptography and zero-knowledge proofshubbleOngoing funding for work on the Optimistic Rollup Hub, which allows you to create rollup chains simply by writing Solidity functions.Cryptography and zero-knowledge proofsZkopru (zk-optimistic rollup)A layer 2 scaling solution for private trading using zk-SNARKs and optimistic rollups. Github: https://github.com/zkopru-network/zkopruCryptography and zero-knowledge proofsdark forestGame theory research completed by a group of Stanford students on how to use zk-SNARK to build an “imperfect information” environment where users can submit verifiably valid work publicly while remaining private. Dark…
Lost money to a crypto or trading scam? Read this first: UK BASED – If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA – If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACEPiscesBtc is a fake cryptocurrency exchange and trading platform that claims to offer various financial services but is actually operating as part of a…