FBI DISRUPTS VIRTUAL CURRENCY EXCHANGES... - cyptoranking.com

2024-04-29

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Morgan responded to Alfred’s Ethereum criticism by referring to a post he made over a year ago. In the referenced post, Alfred described Ethereum as a non-competitive protocol, condemned Cardano as a broken project, and qualified Hex and XRP as securities. Earlier this week, the floor price of Lil Pudgy Penguins NFT collection, an extension of the Pudgy Penguins NFT collection, saw a notable increase in the floor price and reached a new high of $788 (0.48 ETH). Lil Pudgy Penguins is a collection of 22,222 additional NFTs. FBI DISRUPTS VIRTUAL CURRENCY EXCHANGES...Previous Bitcoin Halving Cycles Emin Gün Sirer, the CEO of Avalabs, tried to downplay the extent of the attacks, saying the project “has quite a few friends and a fantastic product that has proven its virality in the market.”

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The emergence of Central Bank Digital Currencies (CBDCs) has ignited widespread interest, sparking enthusiasm among central bankers, generating curiosity within financial media, and fueling spirited debates in the Bitcoin community. Among cryptocurrency enthusiasts, opinions on CBDCs vary widely, ranging from viewing them as powerful tools for government surveillance and control to seeing them as desperate attempts by traditional fiat systems to maintain relevance. In this essay, we will explore the assertion that CBDCs are unlikely to attain widespread adoption, while bitcoin is poised to emerge as the dominant digital currency. Three pivotal factors support this argument: Bitcoin's open and permissionless nature, its first-mover advantage, and its user-centric monetary policy. Zuckerberg also touched on the growing calls for government regulation over AI, and said he sees both sides of the issue—though he leans toward a more competitive view. Gemini Derivatives Exchange Warned In PhilippinesFault proofs are a step in achieving a permissionless transition of information between a layer-1 and a layer-2. This means that an end user should be able to deposit their tokens into a layer-2 from a layer-1, and then withdraw their tokens from a layer-1 — without anyone being able to stop the process. Source: Adobe / jirsakThe new Ethereum scaling network Layer N has raised $5 million in a seed funding round led by PayPal co-founder Peter Thiel’s Founders Fund and investment collective dao5.The funding round, announced by Layer N on Wednesday this week, also saw participation from several other notable crypto investment firms, including Kraken Ventures, Mirana Ventures, GSR and Amber Group.“We’re incredibly excited to announce our $5M seed round led by @foundersfund and @daofive, alongside other major funds and angels,” the team wrote in a statement on X.It added that the funding round marks the project’s “first milestone towards building Ethereum’s financial superlayer.”‘Ethereum’s financial layer’In a thread on X, Layer N brands itself as “Ethereum’s financial layer,” with low fees and high transaction throughput.The thread further described Layer N as “the first layer 2 network on Ethereum specifically designed for and to scale DeFi,” and said it “aims to rival existing traditional financial networks.”Ethereum’s base layer has for a long time struggled with high fees and slow transaction speeds, offering an incentive for developers to build layers on top of it that are better suited for decentralized finance (DeFi) applications.Founders Fund’s increasing crypto focusPeter Thiel’s Founders Fund stood for $1.8 million of the total amount raised in Layer N’s funding round, the team behind the project confirmed to The Block.The investment from Peter Thiel’s fund came after it in April hired at Pantera Capital’s former co-chief investment officer, Joey Krug, as a partner.Peter Thiel has long been a proponent of Bitcoin (BTC) and crypto more broadly, and reports have even indicated that he may have crossed paths with Satoshi Nakamoto in Aguilla more than 20 years agoThiel’s fund also made headlines early this year when it became known that it had realized more than $1 billion in profits from selling off the vast majority of its crypto holdings shortly before the market crashed.Major Crypto Theft: $24 Million Drained from Ethereum Wallet in Phishing Scam

Proof of elapsed time is a process that randomly yet fairly decides who will produce a new block based on the time they have been waiting to do so. After that – based on the similarity with the previous cycle – a correction and a possible black swan would be expected. The final Bitcoin price peak prediction in his analysis remains outside the published charts. How To Buy Bitcoin (BTC) VideoCowen says ETH will be coming “home” within the next several months. However, recent trends suggest that its upward trajectory might be under threat. Since February 2023, Ethereum whales, typically large holders with significant influence on market movements, have been consistently cashing in on the elevated prices. Their actions have led to the offloading or redistribution of over 5 million ETH, translating to an approximate value of $8.5 billion.

Bankman-Fried also praised Alameda's activity following his departure. "Becoming a large global source of liquidity, guidance, and backstopping for the entire ecosystem. And, you know, doing a good trade now and then," Bankman-Fried added. Metrics from Artemis, an on-chain data provider, reveal a significant disparity between Polygon zkEVM’s 6,210 active addresses compared to StarkNet’s 154,390 and zkSync ERA’s 239,810. A similar discrepancy exists when analyzing the number of daily transactions, with Polygon’s zero-knowledge rollup also trailing competitors. Can Ethereum reach $100K?More than 99% of AXS investors have faced losses since the game’s currency introduction. Axie’s unique active wallet count isn’t faring much better, with a decline of over 14% in the past 30 days. This month’s transaction count is down 6.53% from the previous month. Fund groups VanEck, ProShares and Bitwise launched a combined six funds that invest in ether futures contracts on Monday. Competing firm Valkyrie added ether futures exposure to its Bitcoin Strategy ETF on Tuesday.

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