ACE Exchange Chairman Michael Wang was arrested on fraud and money laundering charges. The arrest, which occurred earlier this month, shocked the industry, especially considering Wang’s notable status as a leader within a major cryptocurrency exchange. Taiwanese authorities detained Mr. Wang on suspicion of his involvement in a scheme to promote worthless cryptocurrencies, essentially engaging in fraudulent activity known as the ‘junk coin scam’. This development follows the early arrest of ACE Exchange founder David Pan, who was implicated in planning the fraud and enticing investors to invest in worthless cryptocurrencies through social media advertisements. Law enforcement agencies thoroughly searched…
Author: Crypto Flexs
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BNB could rebound in the medium term if the funding rate remains negative. A break above the $309.5 resistance could push the price up to $320.. AMBCrypto’s analysis of the Binance Coin (BNB) funding ratio shows that the coin could be poised for a rebound if history is any guide. Like other cryptocurrencies, BNB suffered a setback as its price fell from $334 to $291. This dump represents a 6.14% decline over the last 7 days. Compared to other altcoins, Binance Coin seems to have shown better strengths. This is because many other top altcoins experienced double-digit declines during the…
The popular email service provided by Google, known as Gmail, is all set to undergo a substantial change with the integration of a new feature powered by artificial intelligence called “Help Me Write” that now incorporates voice input functionality. These improvements are not simply a step towards improving the convenience of the user experience. It also represents a revolution in the way we use digital communication tools. “Help Me Write,” a program powered by artificial intelligence to help users write emails, was first introduced in mid-2023. This feature allowed users to submit chunks of text, which allowed Google’s artificial intelligence…
With 11 spot Bitcoin ETFs approved and trading underway, the broader cryptocurrency market is now wondering whether spot Bitcoin ETFs are valid. Ethereum ETH +1.62% When will ETFs follow?There is definitely a demand for one. Brett Tejpaul, head of Coinbase Institutional, told The Block in a recent interview that there is customer interest and enthusiasm for a spot Ethereum ETF, and that many leaders will see value in that kind of product coming to market. .But the problem is not particularly simple. The SEC has doubts about whether Ethereum is a security that would interfere with ETFs. It also reluctantly…
After the launch of the cryptocurrency, the cryptocurrency market fluctuated for several weeks. Bitcoin ETF spot in the USBut some of the biggest gaming tokens are emerging from the red on Wednesday with significant gains as the broader cryptocurrency market shows signs of life.All gaming tokens in the top 100 cryptocurrencies by market capitalization are in the green as of Wednesday morning. CoinGeckowith ronin (RON) and beam (BEAM) is in charge.RON rose 10.5% on the day to its current price of $2.31, continuing the token’s recent meteoric rise. that much Ethereum The gaming sidechain network’s native token is up 17.5%…
Amid the bearish sentiment surrounding the cryptocurrency market, XRP There was a notable drop in the pivotal $0.51 price, which led analysts to make several predictions regarding the token’s price movement. Could XRP price drop to $0.28? One of the famous cryptocurrency analysts. shared A bold prediction about XRP’s price movement comes from JD. JD recently shared his insights on cryptocurrency assets with the cryptocurrency community via social media platform X (formerly Twitter). The analyst looked at the possibility of further occurrences in his predictions. refuse This is an attempt to predict where XRP will go next. According to JD,…
January 24, 2024, New York, USA, Chainwire Within 72 hours of launching presale on January 17, Bitbot raised a whopping $300,000. Bitbot aims to lead the Telegram trading bot market, a fast-growing segment of the trading app market with a lifetime trading volume of $7 billion. Telegram trading bot allows traders to manage their cryptocurrency trading portfolio within the Telegram app. In practice, this means that investors who are heavy Telegram users – a significant portion of the 800 million active Telegram users – will no longer need to run two applications – the exchange and the Telegram app -…
The world of cryptocurrency has evolved rapidly in recent years, with new and innovative projects emerging to provide solutions to the challenges of traditional banking. One project gaining attention is MediterraneanCoin, a decentralized digital currency that aims to revolutionize the way we think about banking and finance. What is MediterraneanCoin? MediterraneanCoin (MED) is a P2P cryptocurrency that leverages blockchain technology to provide safe, fast, and low-cost transactions. It was created to address the limitations of traditional banks, including high fees, long processing times, and lack of transparency. MediterraneanCoin aims to leverage the power of blockchain to provide a more efficient…
January 24th What is Radix (XRD)? Post time: 14:03h by token by admin Radix (XRD) is a Web3 public ledger designed to provide a decentralized platform specifically for building and deploying decentralized applications (DApps) and various decentralized finance (DeFi) services. It was created with the intention of solving key issues in the Web3 ecosystem, including scalability, security, and creating an efficient developer environment. Radix aims to solve the scalability problems faced by existing blockchain networks. It overcomes the limitations of existing blockchain systems such as Bitcoin and Ethereum by using a unique data structure and consensus mechanism designed to process…
We analyzed the best cryptocurrency startups of 2024 and their performance. In 2023, the cryptocurrency market saw a notable turnaround, with market capitalization increasing by 109%. This surge was largely driven in the first and fourth quarters of the year, driven by the approval of Bitcoin ETFs and expectations of the upcoming Bitcoin halving. Meanwhile, the global economic environment characterized by moderate GDP growth and moderate inflation rates has further created a positive atmosphere for cryptocurrency investment. Web3 cryptocurrency startup attracted a lot of attention by attracting 1,173 investments worth $9 billion. Among these, infrastructure projects accounted for the largest…