This anticipation also stirs interest in AI-related cryptocurrencies as market watchers speculate on potential impacts. Nvidia Earnings Could Boost AI Coins Deutsche Bank analysts predict Nvidia will continue its streak of multi-billion dollar beats, thanks to the soaring demand for AI computing. Despite some reduction in orders ahead of the …
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In the past 24 hours, PEPE’s price has risen by 21% and rallied past its resistance level at $0.0000091. Pepe’s Trading Activity Skyrockets PEPE trades at $0.00001071 at the time of writing and is the leading asset with the most growth in the past 24 hours. Due to the surge …
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A Dutch court has sentenced Alexey Pertsev, a developer involved with Tornado Cash, to 64 months in prison. He was convicted of laundering $1.2 billion in crypto through the Tornado Cash mixer between July 9, 2019, and August 10, 2022. Pertsev’s legal team has a 14-day window to appeal the …
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Bitcoin’s 22% correction from all-time highs has led AVAX to trade near the critical $30 support level, instilling fear among holders. Curious about the reasons behind this behavior? Let’s examine the details. AVAX Is Trading Just Above a Critical Support Level The chart below shows Avalanche’s price action in the …
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This move shows Tether’s commitment to its stablecoin’s integrity amid scrutiny and security challenges. MistTrack, a crypto-tracking platform by SlowMist, spotted the activities. It reported that Tether had frozen the USDT funds across 12 addresses. SlowMist’s Chief Information and Security Officer, 23pds, also confirmed the freeze. “It looks like Tether …
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Ethereum, the world’s second-largest blockchain network, persistently grappling with scalability issues due to its popularity and increased network congestion, has had the concept of Layer 2 chains in mind since 2014. As more users and decentralized applications (dApps) were released, transaction costs skyrocketed, and processing times slowed significantly. To address …
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This penalty stems from their failure to register as a futures commission merchant (FCM) while providing US customers access to trading platforms for crypto derivatives. CFTC Fines FalconX $1.7 Million This case marks the first time the CFTC has taken action against an unregistered intermediary in the crypto space, setting …
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Known for his macroeconomic expertise, Pal, a former Goldman Sachs executive, is a staunch advocate for crypto. Why Pal Predicts Bitcoin Bull Run? Pal anticipates the market will soon enter what he whimsically calls the “Banana Zone.” He expects this period to trigger a full-scale mania in the crypto sphere, …
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. This significant ruling highlights the challenges in regulating decentralized finance (DeFi) and cryptocurrencies. Dutch Court Convicts Tornado Cash Founder On Tuesday, a Dutch court convicted Pertsev of money laundering with Tornado Cash, a tool that unknown transaction histories on the Ethereum blockchain, often for illegal activities. As a result, …
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ZK project Hylé raises $2.6 million in funding round led by Framework Ventures
by MK Manoylovby MK Manoylov–> UPDATED: May 14, 2024, 9:40AM EDT Zero-knowledge project Hylé raised $2.6 million in fresh financing led by the venture firm Framework Ventures. Cherry Crypto, Fabric Ventures, First Capital and Heartcore Capital also participated in the round. Hylé’s total initial funding to date is $3.4 million, with an additional $1.5 …