Centralized data networks owned and/or managed by a single entity have been structurally broken for many years. why? Single point of failure. If one entity (or a few) has access to a database, there is only one “point” at which they can compromise to gain full access. This is a serious problem for networks that hold sensitive data such as customer information, government files, and financial records, as well as networks that control infrastructure such as the power grid.Billions of digital records will be stolen in 2024 alone. It caused approximately $10 trillion in damage! Notable breaches include nearly all…
Author: Crypto Flexs
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A prominent cryptocurrency analyst says meme asset Dogecoin (DOGE) could skyrocket by four digits on a percentage basis for one key reason. Cryptocurrency trader Ali Martinez tells his 106,500 followers on social media platform “If Dogecoin continues to follow the upward parallel channel pattern, it could rise another 6,770%!” Source: Ali Martinez/X The ascending parallel channel pattern is a bullish structure that indicates an asset is in an upward trend, with higher highs and higher lows. DOGE is trading at $0.31 at the time of this writing, up 251% in the last year. Next, the analyst said the (TD) sequential…
At press time, traders were overleveraged, with the bottom at $0.339 and the top at $0.361. XLM’s open interest (OI) has surged 18% in the last 24 hours. Stellar (XLM) seemed to be gaining the attention of traders and investors with its impressive performance over the past 24 hours. A potential reason for XLM’s strong performance today could be price action and trader support. At press time, XLM was trading near $0.355 after a price rally of more than 8.5% over the past 24 hours. The asset’s trading volume surged 55%, sparking interest among investors and traders. XLM Technical Analysis…
Miami, Florida, December 31, 2024, Chainwire Floki DAO has voted decisively in favor of allocating liquidity to facilitate the creation of Floki exchange-traded products (ETPs). The proposal passed on December 27 without a single dissenting vote. This is a first for the Floki DAO and highlights the overwhelming support from the community to expand Floki’s presence in traditional financial markets. In the vote, a portion of the 16,310,285,772.6 FLOKI tokens in the community redemption wallet will be redirected to provide liquidity to the ETP, while the remaining tokens will be permanently burned. Floki ETP is scheduled to be listed on…
Bitcoin Ordinals have proven the critics wrong. The NFT-style collectibles are still going strong two years after launch — and as you might expect, degens have found an unusual way to make money from them. It’s called “replace-by-fee (RBF) sniping,” and people who get good at it can even make tens of thousands of dollars in a single evening when market conditions and timing align perfectly.It’s basically a sneaky way to cut in line to snap up Ordinals before anyone else. Legitimate collectors hate it, and some platforms are doing their best to stamp it out. On the Bitcoin network,…
From Bitcoin’s historic $100,000 rise to the emergence of artificial intelligence-powered cryptocurrency projects and tokenized real-world assets (RWAs), 2024 has reshaped the cryptocurrency investment landscape.With favorable regulatory changes and increasing institutional interest, 2025 promises to offer significant opportunities for investors.To help investors prepare for 2025, Cointelegraph spoke with industry experts to explain the best ways to navigate the cryptocurrency markets.relevant: Buterin Adopts Moo Deng’s Christmas Wish for Lost $773 Million BTC Wallet — Redefining FinanceSafe Bet: BitcoinNot surprisingly, Bitcoin (BTC), the world’s first cryptocurrency, is considered the riskiest bet in the cryptocurrency industry due to its inherent decentralization, strong security,…
Montenegrin authorities have extradited cryptocurrency entrepreneur Kwon Do-kwon to the United States on fraud charges related to the collapse of the $40 billion Terra ecosystem in 2022. According to Reuters, Terraform Labs co-founder Kwon was arrested in Montenegro in March while trying to board a plane using a fake Costa Rican passport. He has been evading authorities since the TerraUSD and Luna cryptocurrencies crashed in May 2022. This extradition follows the Montenegrin Constitutional Court’s rejection of Kwon’s final appeal. “We conclude that most of the standards set forth in the law support the extradition request by U.S. authorities. Accordingly, the…
HighlightsBinance Labs said it has invested in 46 projects in 2024.Venture capital organizations have emphasized their commitment to diversity among their funding recipients. Binance Labs is entering the new year with rebranding plans. This marks a good start to 2025, which has been named the “Year of the Tree Snake.” In a recent post on X, the venture capital platform highlighted some of its key achievements for 2024. First, Binance Labs stated that it plans to focus on the fundamentals and achieve long-term impact. We reiterated our plans to continue providing support to founders who share this vision. Binance Labs…
Chainlink has seen a surge in dormant circulation among long-term holders following the $30 rejection. A lack of confidence among major shareholders meant the rally was unlikely to continue. Chainlink (LINK) experienced a “Trump pump” earlier this month, posting a one-day gain of 21% following the purchase of $1 million worth of LINK tokens by Trump-affiliated World Liberty Financial (WLF). Over the past two weeks, some on-chain indicators have shown increased selling pressure on whales. A price movement to $30 was used to lock in profits. Can we expect Chainlink accumulation above $20 and a renewal of upward momentum? Whale…
The U.S. Internal Revenue Service (IRS) has issued temporary relief against rules that force cryptocurrency holders on centralized exchanges to default on less-than-ideal accounting practices. An initial IRS ruling stated that if investors holding cryptocurrency assets with a CeFi broker do not select a preferred accounting method such as Highest In, First Out (HIFO) or Spec ID, the broker will default to reporting sales using the FIFO method. Yes.FIFO, also known as “First In First Out,” is the primary method of calculating capital gains taxes in the United States. This is calculated by assuming that the oldest cryptocurrencies are sold…