Author: Crypto Flexs

FTX, previously the dominant player in the cryptocurrency exchange market, now faces a huge obstacle in its bankruptcy filing process. The Internal Revenue Service (IRS) issued FTX a massive tax bill worth $24 billion. This new development has the potential to significantly change the chances of recovery for those affected by the exchange collapse. Moreover, FTX’s creditors and victims, who were already suffering from the exchange’s collapse, now face additional difficulties. FTX’s legal team challenged the Internal Revenue Service’s (IRS) $24 billion in unfair and exaggerated tax claims. The Federal Trade Commission (FTX) claims that if the tax bill goes…

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06 Nov Bitfinex Proudly Celebrates 11 Years of Innovation and Leadership in Bitcoin Posted at 14:30h in Announcements by Elodie Jallet Today we’ll take a look at Bitfinex’s decade-plus journey shaping the future of a parallel Bitcoin-based financial system, accessible to all. Bitfinex observes its 11th year in operation, a remarkable period characterised by sustained innovation and authoritative influence within the realms of Bitcoin, blockchain, and P2P technologies.  Eleven Years in Bitcoin Can Seem Like a Lifetime On November 6th, 2023, Bitfinex is happy to celebrate our 11th anniversary, marking over a decade of continuous innovation and leadership in the…

“I’m a fan of cryptocurrencies, but specifically Bitcoin, Bitcoin. “The other coins are nothing,” he said in an interview. CNBC’s Money Movers podcast. Lutnick also said that he is a fan of Tether, as Cantor Fitzgerald is one of the stablecoin’s administrators. Other custodians include Charles Schwab (SCHW) and Fidelity.

AVAX price rose more than 50% and was trading above the $40 level. The Avalanche is currently correcting its uptrend, but bulls may remain active near the $32 support zone. AVAX prices have risen above the $30 and $40 levels against the US dollar. The price is trading above $30 and the 100 simple moving average (4-hours). On the 4-hours chart of the AVAX/USD pair, there is a major bullish trend line forming with support near $35.00 (data source from Kraken). The pair could continue to rise if it stays above the $35 and $30 support levels. AVAX price corrected…

Binance and its founder Changpeng Zhao have refuted claims surrounding ‘investment contracts’ in a lawsuit against the U.S. Securities and Exchange Commission (SEC).Binance said: filing The SEC’s complaint on Tuesday said it “focuses on transactions by customers who clicked on the website, purchased tokens from other anonymous token holders, and then logged off.”The exchange added, “Among the transactions in question, there was absolutely no contract with the promoter to invest funds.”Binance claimed that the SEC ignored the requirement that the existence of an “investment contract” be determined on a transaction-by-trade basis.BAM Trading and BAM Management, which operates Binance.US, also announced…

Key Takeaways Cryptocurrency markets have been underperforming this week, but Shiba Memu presales are approaching a new milestone. Nearly $5 million has been raised through presales to enable developers to work on the product. The cryptocurrency market is experiencing a correction this week, with prices of most coins and tokens falling by more than 5%. But that hasn’t stopped Shiba Memu pre-sales as they continue to reach new heights. Bitcoin falls below $41,000 Bitcoin, the world’s leading cryptocurrency by market capitalization, has been showing weakness since the beginning of this week. It lost more than 6% in value this week…

On-chain data tracker DappRadar recently reported that an additional $600 million was poured into Web3 gaming projects in the third quarter of 2023, bringing total investments so far this year to over $2.3 billion. Another report from blockchain gaming community Game7 indicates that Web3 games have stabilized despite market corrections.Interest in Web3 gaming, a general term used to describe an ecosystem that embraces blockchain-based video games, is clear and unwavering despite the so-called “crypto winter.” After a prolonged bear market, cryptocurrencies appear to be gearing up for the next bull market, and Cointelegraph reached out to industry insiders to understand…

The U.S. Department of Justice has arrested Australian national David Gilbert Saffron and Los Angeles resident Vincent Anthony Mazzotta Jr. on charges of masterminding a $25 million Ponzi scheme using AI cryptocurrency trading. Indicted. The case highlights growing concerns about fraudulent activity in the fast-growing cryptocurrency and AI technology sectors. Plan Operation Details The indictment alleges that Saffron and Mazzotta conspired to defraud investors through various trading programs that falsely promised high returns using AI automated trading bots for the cryptocurrency markets. Operating under various names including Circle Society, Bitcoin Wealth Management, Omicron Trust, Mind Capital, and Cloud9Capital, the duo…

A trader who correctly called the 2018 bear market price floor for Bitcoin (BTC) believes a steep rally is in store for one Solana (SOL) challenger. Household analyst Bluntz told his 231,700 followers on social media platform The trader shares a chart showing that SUI is up over 122% from its current price. “A month-long cumulative outage for the SUI/USD pair. Nonetheless, BTC pairs are still accumulating. I think this soon starts to turn parabolic. “It’s still early days, but it won’t last long.” source: Blunts/X Bluntz practices Elliott Wave theory, an advanced technical analysis method that attempts to predict…