Author: Token Flash

WazirX hack victims will receive 85% of their portfolio value as recorded on Jul.18 as the exchange completed its asset rebalancing on Tuesday, with the first round of distributions slated in April.As of Tuesday, users can see both the U.S. dollar and Indian rupee values of assets that were lost in a $230 million hack in July 2024. Upside from unstolen tokens belonging to individuals have been distributed across all users, allowing for a higher amount to be returned to users.Creditors now have until Feb.19 to accept the rebalancing under the current scheme, with a majority vote of 75% required…

Japanese game studio Gumi has approved a $6.6 million Bitcoin purchase to double down on blockchain staking. Gumi Inc., a Japanese mobile game studio, is looking to strengthen its crypto presence with a major Bitcoin (BTC) purchase. In a Feb. 10 press release, the Tokyo-listed firm revealed that its board of directors has approved the plan to purchase Bitcoin worth JPY 1 billion (around $6.58 million) by May to expand its blockchain node operation business. Following the news, Gumi’s shares saw a 3.6% uptick, reaching ¥454 (about $3), according to Google Finance data. Gumi also unveiled that in Q2 of…

Ethereum started with a notable price action, starting with an upward movement and reaching $2643. A pin bar and a full-body red candle signaled a decline at this resistance level. The Death Cross confirmed the price decline on MACD at UTC 01:40. This fall was just a short-term price decline. The price movement then found a support level at $2560 and began to move in an uptrend. RSI’s oversold condition at UTC 02:45 indicates a potential price reversal. As a positive outlook, at UTC 03:00, a Golden Cross signals a possible bullish movement.  Chart 1 – Analyzed by alioliyaee_f, published…

Hedge funds hold record short positions in ether (ETH) futures trading on the Chicago Mercantile Exchange (CME), raising questions about the motivations behind these positions.At first glance, the data could suggest that sophisticated market players anticipate price slides, as discussed on social media. However, this isn’t entirely accurate; carry trades or arbitrage plays primarily drive the record short interest, but some of these short futures trades represent outright bearish bets on the cryptocurrency, per observers.As of the week ended Feb. 4, hedge funds held a net short position of 11,341 contracts in the CME futures, according to data tracked by…

Wired’s article revealed text messages sent by Binance exec Tigran Gambaryan from Nigerian Prison during his 8-month detainment. Through text messages sent from a prison facility in Kuje, Nigeria, Gambaryan described his condition to journalist Andy Greenberg. He said that he was “essentially crippled” after his health took a turn for the worse. The Binance exec had grown weaker due to the horrible circumstances he faced in prison, as he suffered from a 104-degree fever and an old spine injury that had resurfaced. Gambaryan said he felt so frail and weak that at one point he “became convinced he was…

South Korea may fall behind as other countries launch crypto ETF. Experts say crypto ETFs can bring more investors and help the economy. Rules are a challenge, but too many restrictions could slow growth. South Korea is the third-largest cryptocurrency trading country, but it has not yet introduced cryptocurrency exchange-traded funds (ETFs). Experts warn that this delay could make the country fall behind in global finance. Jung Eun-bo, chairman of the Korea Exchange (KRX), has urged the government to launch crypto ETF. He says South Korea must keep up with other markets like the United States, Canada, and Europe, where…

Legal expert Jeremy Hogan speculates on why the U.S. government might include XRP in a potential strategic reserve. Hogan argues that critics focus too much on XRP’s decentralization, while the government may view it from an economic standpoint. He suggests the government could see XRP as a hedge against future contingencies and even consider taking control of Ripple if needed. Popular legal expert Jeremy Hogan has offered a speculative take on why the U.S. government might include XRP in its potential strategic digital asset reserve. Hogan recently addressed how crypto enthusiasts, particularly Bitcoin supporters, view government involvement in digital assets,…

The cryptocurrency market is preparing for an exhilarating year, as significant players advance with new upgrades, partnerships, and practical applications. With the market gaining momentum, a few cryptocurrencies are emerging as leaders due to their technology, adoption, and potential for growth in value. BlockDAG is at the forefront with a presale that has garnered over $193.5 million, establishing it as a promising crypto currently. Other key players such as Solana, Chainlink, NEAR Protocol, and Litecoin are also executing crucial developments that may boost their performance in the future. Exploring their latest updates and market standing will aid in understanding their…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market is heating up, and with Rollblock poised for huge growth, alongside Litecoin and Uniswap, these projects are set to deliver massive returns in 2025. The crypto market is once again heating up and Litecoin, Uniswap, and Rollblock (RBLK) look ready for a period of huge growth. Rollblock in particular is being tipped for an astonishing 50x rally as it has recently smashed through $10 million in assets under management. Here’s why these crypto projects could deliver…

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