Cryptocurrency lending platform Nexo has taken significant legal action against the Republic of Bulgaria, demanding $3 billion in damages. The arbitration claim, filed through the World Bank’s International Center for Settlement of Investment Disputes (ICSID) in Washington, D.C., centers on allegations that Bulgaria engaged in unfair and politically motivated actions against the company. The origins of this conflict date back to an investigation launched by Bulgarian prosecutors in early 2023. Nexo’s offices were raided on suspicion of participating in an organized crime group aimed at profiting from cryptocurrency lending. Four Bulgarian nationals, including Nexo co-founders Kosta Kanchev, Antoni Trenchev, Trayan…
Author: Crypto Flexs
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Drift Protocol, Solana’s largest perpetual swap futures exchange, recently launched a points program. The points program comes ahead of an upcoming airdrop in which Drift distributes governance tokens to community members as part of its efforts to decentralize the protocol.Until now, Drift has Trading volume: $5 billion From approximately 90,000 users, the total value locked in the protocol amounts to over $120 million. The company closed its $23.5 million Series A in October, with contributions from Polychain Capital and Solana Labs co-founder Anatoly Yakovenko, among others. Drift points are distributed to users every week, and 100 million points are paid…
Lordstown, British Virgin Islands, January 25, 2024, Chainwire LIF3’s tokens have been migrated to the Ethereum network for improved market accessibility. today, $LIF3 Life (pronounced LIFE), a groundbreaking, fully omnichain DeFi Layer-1 curated blockchain ecosystem, announced its recent listing on leading digital asset Bitfinex (https://trading.bitfinex.com/t/LIF3:USD) . The trading platform recently migrated from Fantom to the Ethereum Network. This announcement is consistent with Lif3’s vision and commitment to break down barriers to cryptocurrency and make adoption easier for consumers entering DeFi through the Lif3 mobile app. Lif3 provides a platform for exclusive event access, entry, investment, trading, monetization, gaming and entry.…
gas coinIBAX’s green energy solution project has been launched on LATOKEN Exchange. This listing is a big step towards making GCN tokens easily tradable. Additionally, traders will experience the benefits of reduced trading fees and faster trade execution. But that’s not all! Gascoin is about to embark on a long and exciting journey. The project aims to expand its global presence by listing on more exchanges soon. Listing Gascoin on multiple exchanges will increase the visibility of the GCN token to a wider audience. Additionally, this will protect the interests of Gascoin traders and investors by providing an additional layer…
The Aleo mainnet is expected to launch in the coming weeks once some final bugs have been ironed out to provide privacy for cryptocurrency transactions.“We have just completed the third phase of Testnet 3 and have a list of bugs we have discovered throughout that process. We have a list of bugs from the six audits we have conducted and two bug bounty programs,” he said. said Alex, Aleo Foundation Executive Director. Pruden.Pruden highlighted the efforts to get to this point over the past four years, especially re-engineering the network’s consensus algorithm after the second testnet, as it was not…
Although SHIB burns have surged, prices have continued to trend unimpressively. SHIB may fall as low as $0.0000086 in the near term. volatility around Shiba Inu (SHIB) AMBCrypto stated that the token has been at unimpressive levels for some time. The lack of volatility has affected the price, making it underperforming compared to other memecoins. As a meme, SHIB is expected to have high volatility. However, since plummeting from its all-time high (ATH), the token has struggled to exhibit the high volatility seen during the 2021 bull market. SHIB doesn’t have a 2021 repeat? Memecoin price is CoinMarketCap showed Despite…
January 25th What is rosacea (INJ)? Post time: 16:08h in education, tokens by admin Injective Blockchain is a specialized layer 1 protocol designed to create decentralized finance (DeFi) applications with high interoperability and efficiency. It focuses on enabling fast transactions with instant finality and solving common problems faced in the DeFi space such as slow transaction execution and high transaction costs. Injective is particularly noteworthy for its ability to support a variety of advanced financial products, including decentralized perpetual swaps, futures, options, and prediction markets. Injective is built natively using the Cosmos SDK and operates on a Tendermint-based proof-of-stake (PoS)…
that much XRP Ledger The ecosystem is currently buzzing with new and exciting developments that could push the price of XRP to new heights. RippleX is an extension of Ripple and an open developer platform. presentation A new update to the upcoming XRP Ledger Ethereum Virtual Machine (EVM) sidechain. XRPL EVM sidechain signals hope for XRP price revival On Tuesday, RippleX announced its latest developments and progress. XRPL EVM sidechain via X (formerly Twitter) post. This important update was shared by Peersyst Technology, a blockchain technology company and XRPL EVM developer. Peersyst revealed through its official X handle that the…
The U.S. Securities and Exchange Commission (SEC) has postponed a decision on BlackRock’s proposed spot Ethereum (ETH) exchange-traded fund (ETF), a move that reflects the regulator’s cautious approach to cryptocurrency-based investment products. . Announced a day before the initial deadline of January 25, 2024, the decision marks a significant moment in the changing landscape of cryptocurrency regulation and investment. The application for the iShares Ethereum Trust was filed by Nasdaq on behalf of BlackRock on November 21, 2023 and published in the Federal Register for comment on December 11, 2023. Section 19(b)(2) of the Securities Exchange Act. Under the article,…
According to data Ten spot Bitcoin ETFs (including GBTC) recorded net outflows of $158 million on Wednesday, as compiled by Bloomberg Intelligence analyst James Seyffart. Of course, daily routines can be fickle. The total amount of Bitcoin held by all spot ETFs (including GBTC) as of Jan. 24 was 642,458, down more than 18,000 from 660,540 a week earlier, according to figures compiled by CoinDesk from the issuer’s website.