Emma

The launchpad mechanism of Jupiter sparks controversy within the crypto community.

This week, the Solana-based decentralized exchange Jupiter distributed JUP tokens valued at $700 million to early adopters through an airdrop. Following the distribution of hundreds of millions of dollars’ worth of JUP tokens to early Jupiter users, the project, renowned for its DEX aggregator, faces accusations of exploiting the hype to profit. The controversy revolves…

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Victoria VR is set to launch a metaverse application focused on cryptocurrency on Apple’s Vision Pro.

Victoria VR, an innovative developer bridging cryptocurrency and Virtual Reality (VR), has unveiled an ambitious initiative to advance the VR sector. The company is poised to release the inaugural metaverse application from a blockchain entity on Apple’s Vision Pro headset. Connecting Virtual Reality with blockchain technology. Victoria VR is set to release its metaverse app…

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Ethereum exchange-traded funds (ETFs) accumulate assets under management (AUM) totaling $5.7 billion, with Europe claiming the largest portion.

Ethereum futures ETFs lead the market, with Canada and Europe taking the lead, trailed by Brazil and the US. According to a report by CoinGecko on Feb. 2, the total assets of Ethereum (ETH) exchange-traded funds (ETFs) amount to $5.7 billion, with Europe holding an 81% majority share. The largest Ethereum ETF globally is XBT…

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JPMorgan expresses worry as the circulation of Tether’s USDT approaches $100 billion.

summary JPMorgan Chase & Co. has expressed reservations regarding the approaching $100 billion circulation of Tether Holdings’ USDT. According to the bank’s report, Tether’s “lack of regulatory compliance and transparency” could present a threat to the overall cryptocurrency ecosystem The potential participation of traditional financial institutions such as JPMorgan in the stablecoin market could significantly…

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Larry David admits to losing money on FTX as well, calling himself an “idiot” for endorsing the platform.

Comedian Larry David expresses remorse for participating in the Super Bowl ad for FTX and indicates a willingness to join the class action lawsuit against him and other celebrities.   Renowned for his blunt candor, Larry David is finally addressing his notorious appearance in a 2022 Super Bowl ad for FTX. Reflecting on the experience,…

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Binance broadens its margin trading offerings by introducing new altcoin pairs.

in brief Binance Margin provides users with an expanded array of opportunities for diversification and flexibility. The cryptocurrency market is renowned for its swift price changes and boundless chances for financial gain. Users of Binance Margin can broaden their investment portfolios and investigate alternative options within the cryptocurrency sphere. Binance, the globe’s premier cryptocurrency exchange,…

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The Dencun upgrade for Ethereum approaches its mainnet launch following a series of successful tests.

in brief The proto-dank sharding feature of the Dencun upgrade has the potential to significantly reduce Ethereum transaction costs. The successful testing enhances the likelihood of a mainnet launch in February or March. Dencun has the potential to attract institutional investors and enhance scalability. Recent testing of the Dencun upgrade has produced favorable outcomes, clearing…

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According to crypto analyst Kevin Svenson, a $60,000 Bitcoin is expected if this event occurs.

Kevin Svenson, a cryptocurrency analyst and trader, suggests that Bitcoin (BTC) may be poised for a rally in the forthcoming days and weeks. Svenson, addressing his 71,600 YouTube subscribers, indicates that if Bitcoin achieves a weekly close above the resistance zone near $44,000, it could potentially trigger a rally of slightly over 40% from its…

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Celsius fulfills its promise and initiates the distribution of $3 billion to creditors.

Celsius Network, a troubled crypto lending platform, has completed the distribution of over $3 billion in assets to its creditors after an 18-month bankruptcy journey. The restructuring process involved collaboration with regulatory bodies and innovative strategies, including alternative settlement agreements and converting less liquid altcoins into major cryptocurrencies like Bitcoin and Ethereum. The majority of…

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