The UK Gambling Commission charged Sorare with providing unlicensed gambling services. The UK Gambling Commission has been investigating Sorare for three years. Sorare has denied wrongdoing, claiming it is not a gambling platform under UK law. The UK Gambling Commission has taken legal action against blockchain-based fantasy sports platform ‘Sorare’ on charges of operating an unlicensed gambling facility. France-based Sorare offers non-fungible tokens (NFTs) tied to fantasy sports teams and athlete collectibles. Following the Gambling Commission’s move, the platform is set to appear in a UK court on October 4. The Gambling Commission launched an investigation into Sorare in October…
Author: Crypto Flexs
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ElevenLabs’ new AI-based tool produces realistic transatlantic-accented text-to-speech, blending American and British pronunciations for a variety of applications. (read more)
Despite Ether (ETH) rising 15% over the past two weeks, ETH price has struggled to maintain momentum this week, going through a period of consolidation between $2,700 and $2,600. The largest altcoin currently has a market capitalization of $316 billion and has facilitated over $15.7 billion in trading volume in the last 24 hours. SEC Postpones Ether ETF Options Decision to NovemberAccording to a filing released on September 24, the U.S. Securities and Exchange Commission (SEC) announced that it would postpone its decision to approve options trading for the spot Ethereum ETF. Source: U.S. Securities and Exchange CommissionThe approval decision…
According to a leading cryptocurrency analyst, an indicator suggests that an upswing in Telegram-based gaming tokens is imminent. Ali Martinez told his 72,600 followers on social media platform NOT is the community token of Notcoin, a popular Telegram-based tap-to-earn mining game. Martinez says: “Increasing buying pressure could potentially prevent a rise from $0.012 to $0.014.” Source: Ali Martinez/X At the time of this writing NOT trading at $0.000976, a jump to $0.014 would result in a profit of over 40%. The 86th-largest cryptocurrency asset by market capitalization has already risen more than 13% in the past 24 hours. Martinez also…
Tony Kim September 28, 2024 11:50 The Web3 movement, led by Consensys, is facing serious regulatory challenges from the SEC, threatening innovation in the blockchain space. The Web3 movement, which aims to foster a more inclusive, transparent and decentralized internet, is facing significant regulatory backlash in the United States. According to linea.mirror.xyz, the Web3 builder community is facing a threat from what many see as reckless regulatory action. Why Web3 Protection Is Important In April 2024, Consensys, a founding member of Linea, announced that it had filed a lawsuit against the U.S. Securities and…
Bitcoin rallied towards key resistance levels on September 26 as the market awaited new US macro data.BTC/USD 1-hour chart. Source: TradingViewBTC price bullish signal lineupBitcoin (BTC) price rose 2% a day after bulls fell to $62,700, according to data from Cointelegraph Markets Pro and TradingView.Nonetheless, BTC/USD has shown signs that its upward momentum may continue, although it is stuck below the $65,000 liquidity call wall.“The systematic upward trend is still in place,” popular trader Skew summarized in some of his latest content on X.Skew singled out three essentials that currently exist on a four-hour time frame: price trend using the…
Ethereum price is aiming for a new rise like Bitcoin. For ETH to continue rising and reach new highs in the near term, it needs to break above $2,665. Ethereum is targeting a fresh rise above the $2,665 level. The price is trading above $2,620 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a bearish trend line connecting with resistance at $2,625. The pair needs to hold above the $2,600 support level to start a new rally in the near term. Ethereum price, more attention on the rise…
TON has fallen from the $6 price level on the chart. Although TON’s trading volume maintained an upward trend, Open Network (TON) has recently seen a notable increase in social volume due to the launch of a coin offering for one of its mini-apps, Hamster Kombat. This surge in interest has established TON as one of the popular cryptocurrencies on the market, with market indicators suggesting both bullish and bearish cases for the asset. TON’s social volume is increasing. According to data from Santiment, Toncoin’s social volume has exceeded 400 over the last two trading sessions. This was a significant…
US based spot Ethereum ETH -0.87% After six consecutive weeks of negative outflows, exchange-traded funds (ETFs) recorded their highest weekly inflows since early August, with one fund reaching a significant milestone of surpassing $1 billion in net asset value. According to data from SoSoValue, the U.S.-based spot ether ETF recorded $58.7 million worth of inflows on Friday, leading funds for their first week of net inflows totaling about $84.5 million after six consecutive weeks of weekly net outflows. Friday’s inflows were led by Fidelity’s FETH fund, which recorded inflows worth $42.5 million, followed by BlackRock’s ETHA fund, which recorded inflows…
Top news of the week Binance founder CZ released from US prison Binance founder and former CEO Changpeng “CZ” Zhao was released from a US federal prison on September 27 after serving four months for anti-money laundering (AML) violations, a US Federal Bureau of Prisons spokesperson said. . Cointelegraph. CZ pleaded guilty in November to federal charges for failing to implement adequate AML controls at Binance, the world’s largest cryptocurrency exchange by daily trading volume, according to a November 21 statement from the U.S. Department of Justice. He also stepped down as CEO of Binance. With a reported net worth…