DOJ Seizes $16 Million in FTX-Linked Cryptocurrency Most of its holdings include Solana. Assets believed to be related to bribery. Two years after FTX suffered a tragic collapse, new details about its operations are still emerging. The recent recovery effort has once again put the corruption allegations against former CEO Sam Bankman-Fried (SBF) in the spotlight. The Department of Justice (DOJ) recently decided to seize $16 million in FTX cryptocurrency assets. These assets were allegedly used to pay bribes approved by the SBF. DOJ moves to seize FTX over bribery chargesNew details about FTX corruption continue to emerge. On Tuesday,…
Author: Crypto Flexs
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Bitcoin (BTC) surged 16% from November 11 to November 13, surpassing $93,000 for the first time. Despite these all-time highs, some traders believe the bullish momentum may be weakening as sellers, including certain Bitcoin miners, begin to take profits. Julio Moreno, head of research at CryptoQuant, noted that while some Bitcoin miners began making profits on November 12, this activity remained at normal levels. This trend became evident when we examined monopolies holding more than 100 BTC.However, four key indicators suggest that Bitcoin’s rally remains robust. This includes derivatives data and US dollar forecasts.US 5-year Treasury yield (left) and Bitcoin/USD…
Arthur Hayes, chief investment officer of the Maelstrom Fund family office and co-founder of BitMEX, says artificial intelligence (AI) agents and cryptocurrency assets are a natural fit. In the Bankless interview, Hayes said AI memecoins are “a whole new life force” entering the cryptocurrency industry. “I think it will all be digital anyway, with AI agents being able to fill out all the anti-money laundering and know-your-customer forms. Right? They can fake images, they can do deepfakes, and they will definitely have big accounts. But if you think about it again… If you like (and participate in) frictionless and sufficiently…
lawrence jenga 13 November 2024 16:45 Japan is leveraging AI to revolutionize healthcare through advances in drug discovery, robotics, and digital health platforms showcased at the NVIDIA AI Summit Japan. Japan is leading the way in integrating artificial intelligence into healthcare systems, focusing on drug design, robotics, and digital health platforms. According to the NVIDIA blog, these developments were highlighted at the recent NVIDIA AI Summit Japan, which highlighted the country’s commitment to addressing the healthcare needs of its aging population. AI-based new drug discovery Japan’s pharmaceutical industry, one of the world’s largest, is…
Dogecoin (DOGE) was one of the best performers in November and its rally accelerated after President-elect Donald Trump won the US election. In the last 30 days, DOGE gained 229%. These are the best performing cryptocurrency assets over 30 days. Source: CoinGeckoMemecoin’s market structure has previously undergone significant changes, with the price at $0.37 witnessed in October 2021. If DOGE repeats its historical pattern with a major turnaround in the near term, the price ceiling could go much higher. DOGE stands for the “classic” inverted head-shoulders pattern. Veteran trader Peter Brandt has frequently analyzed Doge’s price action over the past…
XRP has barely managed to break above its 16-month range formation. $0.62-$0.65 is expected to act as a support zone. Ripple (XRP) rose 49.2% from $0.496 on Monday, November 4 to a high of $0.74 on Tuesday, November 12. The symmetrical triangle and imminent breakout predicted in the previous AMBCrypto report have come true. At press time, the previous local highs of $0.62-$0.644 were being tested as support territory by the altcoin. I have defended it so far, but the rejection of $0.7 is painful. Can the bull climb higher? XRP Price Prediction: Indicators Remain Bullish Source: XRP/USDT on TradingView…
Off The Grid, a battle royale shooter with a hint of blockchain, had an electric debut, with players spinning 9.12 million wallets and processing more than 100 million transactions in its first month. However, Off The Grid’s use of blockchain technology is more of an option rather than a core element. Graphics and gameplay do not run on-chain and NFT in-game items are optional. The game plans to launch a marketplace where you can trade items from Gunz, the Avalanche subnet. The soon-to-be-released GUN Tokens will be an in-game currency that can be used to purchase items and skins. This…
Okay, if you’re like me, this market will give us all the fun we’ve been waiting for. Bitcoin has surpassed $80,000, and we are starting to see signs that this may be the start of a full-fledged bull market and not just another mistake. But this time it’s not just Bitcoin’s problem. Altcoins, institutional movements, and even meme coins are coming together in different-feeling ways. Let’s break down what’s happening and why we think we’re in the midst of one of the most interesting cycles the cryptocurrency industry has ever seen. Bitcoin Major Breakout: Is $200,000 Really on the Table?…
Timothy Morano November 13, 2024 13:43 NVIDIA and SoftBank Corp. are collaborating to strengthen Japan’s AI capabilities, unveiling AI-RAN and supercomputing initiatives to strengthen Japan’s global technology leadership. Strategic partnership between NVIDIA and SoftBank NVIDIA announced a strategic collaboration with SoftBank Corp. in an effort to strengthen Japan’s AI initiatives and strengthen its position in the global technology sector. As reported by NVIDIA Newsroom, this partnership aims to provide significant revenue opportunities to telecom providers around the world. Building an AI supercomputer in Japan At the NVIDIA AI Summit in Japan, founder and CEO…
PayPal USD (PYUSD), PayPal’s US dollar-pegged stablecoin, integrates with LayerZero, an inter-blockchain bridging protocol, to enable transfers between Ethereum and Solana. In a statement on November 12, LayerZero said that PYUSD now allows cross-chain transfers using the Omnichain Fungible Token (OFT) standard. This “enables the seamless transfer of assets between blockchains without relying on users to manage their own tokens.” “It’s a centralized platform like Venmo or PayPal.”source: layer zeroPYUSD’s market capitalization and distribution across both blockchain networks have changed significantly in recent months. On August 26, PYUSD reached a record market cap of $1 billion, with over $660 million…