Posted 1 minute ago In ~ The Bulgarian Prosecutor’s Office has closed its criminal case against cryptocurrency lender Nexo, finding no evidence of money laundering, tax crimes, computer fraud or other criminal activity. According to an official statement, the main reason for this decision is that cryptocurrency assets are not considered financial instruments in the country and fall outside the scope of the law on payment services and systems. The charges span from 2018 to January 2023 and alleged that defendants Antoni Trenchev, Kosta Kanchev, Kalin Metodiev and Trayan Nikolov participated in an organized crime group. “The Bulgarian Prosecutor’s Office’s…
Author: Crypto Flexs
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There is one final hurdle for potential issuers ahead of the January deadline for the Securities and Exchange Commission to approve, reject or delay a decision on spot Bitcoin ETFs. This is an approved participant.Bloomberg Intelligence analyst Eric Balchunas predicted that each Bitcoin ETF would need to have explicitly approved participant parameters in its S-1 before being considered for approval.“This is not an easy final step and may stop some out of the starting gate,” Balchunas said Friday. on twitter. He then developed the hypothesis that “AP agreement + cash generation = approval.”https://twitter.com/EricBalchunas/status/1738287502111244593The approved participant wrinkle appears to be another…
Welcome to the innovative world of crypto currencies, where the rules of traditional economics are being rewritten.Among the many concepts that have emerged in this new landscape, one stands out for its profound influence on the value and sustainability of digital currencies: tokenomics. How does it work? What makes it so crucial?Let’s embark on this fascinating journey to decipher the crypto tokenomics meaning in the cryptic world of digital currencies.Key TakeawaysTokenomics is an economic framework that examines the supply, demand, distribution and utility of cryptocurrencies.It impacts token value, risk levels, and credibility while aiding investors in making informed decisions.Tokenomics provides…
Ethereum founder Vitalik Buterin has conducted massive transactions involving trillions of meme tokens, which has left the wider cryptocurrency space wondering about the motivations behind the founder’s decisions. Ethereum founder executes massive Memecoin sale. Ethereum inventor and founder, Vitalik Buterin Reports emerged of his significant memecoin sales, making new headlines. According to a blockchain security company, PeckShield Alert, A wallet address labeled Vitalik was seen exchanging 100,000,000,000,111.111 DOBE tokens worth approximately $22,900 at 10.44. Ethereum Token (ETH). Additionally, the wallet launched another sale of 1,858,140,000,000 DOJO tokens worth $6800 at 3.12 ETH. The motive for the sale is not yet…
Crypto investment firm Ikigai Asset Management has sold $65 million of its claims in the FTX bankruptcy case, Chief Investment Officer Travis Kling said on Friday. post At X.“We got a price we were happy with and a much higher price than we had expected just six months ago,” Kling wrote. “Now that we have received the cash proceeds from the sale of claims, any investor wishing to redeem from the fund can do so. The majority of the capital remains in the fund.”cling said Last year, the company held a ‘vast majority’ of its assets in FTX and was…
These RWA trends herald a new era in finance and offer solutions to long-standing challenges. Their current market capitalization may seem minuscule, but their transformational potential is immeasurable. Stablecoins, tokenized government bonds, decentralized private credit, physically backed NFTs, consumer brand NFTs, DeFi in climate and regenerative finance, tokenized deposits/wholesale bank payments are not just trends. These are the building blocks of a more inclusive, efficient and sustainable financial future. As we navigate 2024, these innovations will undoubtedly lead the way, opening up unparalleled opportunities for businesses and individuals alike.
Possibility ripple ‘burning’ Escrowd XRP funds Came up for discussion. This development could become a major talking point. XRP Community We continue to complain about XRP’s lukewarm price action. Can Ripple burn escrowed XRP funds? in post on his X (formerly Twitter) platform. ripple Director Matt Hamilton suggested a way for Ripple to potentially ‘burn’ its XRP holdings in escrow lockup. He said Ripple can typically disable the master key of the target account that receives these escrow funds. Hamilton believes this achieves the same purpose as a token burn, considering that once the tokens are released from escrow, no…
Crypto analysts have predicted that Bitcoin will soon surge following the anticipated approval of spot Bitcoin ETFs in the United States on January 10th. An analyst from the popular CryptosRUs channel predicted in his YouTube video on December 22 that Bitcoin (BTC) and the overall cryptocurrency market could soon be poised for a big rally. He set January 10th as a target date based on widespread expectations that the SEC would finally approve a Bitcoin spot exchange-traded fund (ETF) in the United States. Analysts cited closed-door meetings between the SEC and all major ETF issuers as evidence that approval is…
Deep-pocketed cryptocurrency traders are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and other digital assets to popular cryptocurrency exchange platforms. High-net-worth investors are moving $400 million worth of flagship cryptocurrency assets and $70 million worth of top altcoins, according to new data from whale-watching platform Whale Alert. Trades involving BTC and ETH on Whale Alert’s radar include: 3,979 BTC worth $175,237,686 was transferred to Coinbase from an unknown wallet. 2,244 BTC worth $97,937,208 was transferred to Coinbase from an unknown wallet. 1,040 BTC worth $45,608,237 was transferred from Coinbase to an unknown new wallet.…
BitMEX Founder Arthur Hayes Revealing bold predictions for cryptocurrency assets, he revealed that he is turning his attention to Ethereum (ETH). Arthur Hayes doubles down on Ethereum Arthur Hayes recently tweeted share His optimism and predictions about the future ethereum, This post has since resonated with the entire cryptocurrency community. Known for his insightful market analysis, Hayes claimed to have had a revelation about ETH while meditating, which led him to make significant changes to his cryptocurrency holdings. He cynically claimed that he had received instructions from the Lord on Post X. Following this heavenly directive, Hayes reportedly sold his…