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Hooked Protocol price analysis: HOOK price hold at $1.31 as buyers eye a move above $1.35
TL;DR Breakdown Hooked Protocol price analysis is bullish today HOOK/USD support is seen at $1.25 HOOK price is facing resistance at $1.36 Hooked Protocol price analysis shows a bullish trend over the last 24 hours, with an average increase of 2.02 percent. Today’s market began trading at $1.286 and exploded upward. HOOK is currently trading at around $1.31, with the current resistance level at around $1.36. If the bulls can manage to push past this potential resistance level, then further upside is expected for HOOK. However, a correction may be in order if the buyers cannot sustain their current momentum. Looking ahead, Hook’s price is expected to remain in an uptrend in the near-term future. The market capitalization for HOOK/USD is currently $65 Million. The 24-hour trading volume has declined by over 37.56 and is now at $14 million. The digital asset has been on a bull run since the beginning of today, and it looks like the uptrend is set to continue in the near future. Hooked Protocol price analysis 1-day chart: HOOK breaks through $1.31 as it looks…
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Ripple CEO Questions SEC’s Motive Behind Lawsuits, Citing FTX Failure
TL;DR Breakdown Ripple CEO suspects that SEC’s lawsuits against crypto exchanges are a diversion from its failure to detect issues with the FTX exchange. Anticipated progress in the XRP versus SEC lawsuit with the release of the Hinman documents, is expected to provide insights into the SEC’s regulatory approach and potentially favor Ripple’s case. In a recent development, Brad Garlinghouse, the CEO of Ripple, has raised concerns about the U.S. Securities and Exchange Commission’s (SEC) lawsuits against two prominent cryptocurrency exchanges. Garlinghouse suspects that the SEC’s actions may be motivated by its failure to identify discrepancies in the financial condition of the FTX exchange, which collapsed in November 2022. The Ripple CEO criticizes SEC Chairman Gary Gensler, accusing him of using these lawsuits as a distraction. As the XRP community rallies behind Ripple, the extent of the SEC’s legal powers in fighting crypto companies is also being questioned. Contents hide 1 Ripple CEO Questions SEC’s Motive Amidst Lawsuits 2 Criticism Mounts Against SEC’s Legal Authority in Crypto Market 3 Progress Expected in XRP Vs. SEC Lawsuit 4 Conclusion Ripple CEO…
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Crypto Shakeup: Jim Cramer’s Warning Spurs Binance Exodus, Yet Bitcoin Defies Odds
TL;DR Breakdown CNBC’s Jim Cramer urges investors to remove their cryptocurrency from Binance following SEC charges, raising concerns about the exchange’s future. Despite the warnings, Bitcoin’s price shows resilience and rebounds, defying regulatory uncertainties and the ongoing scrutiny in the crypto industry. The cryptocurrency world has been rocked by recent developments as the U.S. Securities and Exchange Commission (SEC) files charges against two major players in the industry. Binance, one of the leading cryptocurrency exchanges, and Coinbase, a prominent platform, now find themselves in the crosshairs of the SEC’s regulatory actions. The charges allege deceptive practices, conflicts of interest, and violations of securities laws, sparking concerns and debates within the crypto community. As investors and enthusiasts closely monitor the outcomes of these lawsuits, the future of these exchanges hangs in the balance amidst a broader discussion on cryptocurrency regulation. Contents hide 1 Jim Cramer Urges Investors to Remove Crypto on Binance 2 Bitcoin Price Recovers Amidst Regulatory Concerns Raised by Jim Cramer 3 SEC Expands Scrutiny, Files Lawsuit Against Coinbase 4 Conclusion Jim Cramer Urges Investors to Remove Crypto on…
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Kim Kardashian Faces Advancement of Lawsuit over Alleged Cryptocurrency Hype Scam
TL;DR Breakdown Kim Kardashian’s attempt to dismiss a lawsuit accusing her of falsely hyping EthereumMax (EMAX) cryptocurrency has been rejected by a judge. Investors can revise their allegations of paying inflated prices for EMAX tokens, while Floyd Mayweather Jr. receives a partial victory but still faces claims related to undisclosed paid promotion. [Date], [City]: A recent legal battle involving renowned celebrity Kim Kardashian and the controversial cryptocurrency EthereumMax (EMAX) has taken a significant turn, as US District Judge Michael Fitzgerald rejected Kardashian’s motion to dismiss a lawsuit filed against her. The lawsuit alleges that Kardashian engaged in deceptive practices by falsely promoting EMAX tokens, leading investors to pay inflated prices for the digital assets. While boxer Floyd Mayweather Jr., also named in the lawsuit, received a more favorable ruling from the judge, investors are now granted an opportunity to revise and refile their allegations against him for failing to disclose his paid promotion of EMAX. Contents hide 1 Kardashian’s Failed Dismissal Motion Highlights Alleged False Advertising 2 Mayweather Receives Partial Reprieve, Disclosure Claims to Be Reviewed 3 A Chance for…
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Former FTX CEO exposes prosecutors’ failure to produce key evidence in fraud trial
TL;DR Breakdown SBF has alleged that prosecutors have failed to meet discovery deadlines for crucial evidence needed in his defense against multiple fraud charges. In a letter from Bankman-Fried’s attorneys, the lawyers expressed concerns about the delayed production of significant discovery, given that the trial is less than four months away. FTX bankers, tasked with rescuing the struggling company, are reportedly exploring the possibility of selling shares in an artificial intelligence (AI) startup as part of the currently booming AI sector. Former FTX CEO, Sam Bankman-Fried, has alleged that prosecutors have failed to meet discovery deadlines for crucial evidence needed in his defense against multiple fraud charges. Bankman-Fried’s lawyers informed United States District Judge Lewis A. Kaplan that the government had not provided the contents of five electronic devices, which were due for discovery by the end of March. Among the devices were a laptop and iPhone belonging to former Alameda Research CEO Caroline Ellison, as well as a laptop belonging to FTX co-founder Gary Wang. In a letter from Bankman-Fried’s attorneys, they expressed concerns about the delayed production of…
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US senators slam Meta’s ‘unrestrained’ AI release
TL;DR Breakdown Two US senators, Richard Blumenthal, and Josh Hawley, have raised concerns about Meta chief executive Mark Zuckerberg and the tech giant’s “leaked” artificial intelligence model called LLaMA. They contended that Meta’s release of LLaMA lacked thorough consideration of the potential consequences, which they deemed a disservice to the public. While ChatGPT is programmed to reject certain requests, users have found ways to “jailbreak” the model and make it generate responses it would typically refuse. Two US senators, Richard Blumenthal, and Josh Hawley, have raised concerns about Meta chief executive Mark Zuckerberg and the tech giant’s “leaked” artificial intelligence model called LLaMA. The senators argue that LLaMA poses potential dangers and could be exploited for criminal activities. In a letter dated June 6, the senators criticized Zuckerberg’s decision to open source LLaMA and claimed that there were insufficient safeguards in Meta’s release of the AI model. While they acknowledged the benefits of open-source software, they contended that Meta’s release of LLaMA lacked thorough consideration of the potential consequences, which they deemed a disservice to the public. Initially, LLaMA had…
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Uniswap Price Prediction 2023-2032: Will UNI Keep Steady?
Contents hide 1 Uniswap Price Prediction 2023-2032 2 How much is UNI worth today? 3 Uniswap Price Analysis: UNI sharply declines in the last 12 hours 3.1 Uniswap price analysis on a daily timeframe: UNI bulls lose ground again 3.2 price analysis on the 4-hour chart: Recent developments and further technical indications 3.3 What to expect from Uniswap price analysis next? 4 Uniswap Price Predictions for 2023-2032 4.1 Price Predictions By Cryptopolitan 4.1.1 Uniswap Price Prediction 2023 4.1.2 Uni coin Price Prediction 2024 4.1.3 UNI Price Forecast for 2025 4.1.4 Uniswap (UNI) Price Prediction 2026 4.1.5 Uniswap (uni )Price Predictions 2027 4.1.6 Uniswap Price Prediction 2028 4.1.7 Uniswap (UNI) Price Prediction 2029 4.1.8 Uniswap Price Prediction 2030 4.1.9 Uniswap (UNI) Price Prediction 2031 4.1.10 Uniswap Price Prediction 2032 4.2 Price Prediction By Coincodex 4.3 Uniswap Price Prediction By DigitalCoinPrice 4.4 Uniswap Price Predictions By CryptoPredictions.com 4.5 Uniswap Price Predictions By Market Sentiment 5 Overview 6 Uniswap Price History 7 Recent News/Opinions on the Uniswap Network 8 More on the Uniswap Network 8.1 Is it a good time to invest in…
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SEC Chair Gensler asserts, “we don’t need more digital currency” as agency sues Coinbase and Binance
TL;DR Breakdown SEC Chair Gary Gensler asserts there is no need for more digital currency amidst lawsuits against Binance and Coinbase for allegedly operating unregistered securities exchanges. Gensler defends the SEC’s legal position and draws parallels between the cases against Binance’s CEO and FTX founder, highlighting the importance of compliance with securities regulations. The charges against Coinbase focus on violations of US securities laws, with the SEC alleging that the exchange operated as an unregistered national securities exchange, broker, and clearing agency. In an interview with CNBC, Securities and Exchange Commission (SEC) Chair Gary Gensler responded to criticism by denying that his approach was confusing the crypto industry. This comes as the SEC filed lawsuits against major cryptocurrency exchanges Binance and Coinbase for allegedly operating unregistered securities exchanges. Gensler also drew parallels between the case against Binance‘s CEO Changpeng “CZ” Zhao and the criminal case involving FTX founder Sam Bankman-Fried. Gensler emphasized that the U.S. doesn’t require additional digital currencies, stating, “We already have digital currency; it’s called the U.S. dollar.” Also, he argued that throughout history, economies and the…
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Crypto funds experience withdrawals as prices continue to rise
TL;DR Breakdown Investors have experienced massive withdrawals as institutional investors cash in on their investments. The market shows resilience as institutional interests persist. According to a recent report by CoinShares, the past seven weeks have seen a drawdown of $329 million from crypto funds, with last week alone accounting for investor withdrawals of $62 million. This decline in assets under management (AUM) is attributed to a rise in investors capitalizing on short positions, following a substantial 56% increase in cryptocurrency prices over the past year. Institutional investors withdraw $62 million from crypto funds last week CoinShares, which monitors the flow of money into exchange-traded products, mutual funds, and over-the-counter trusts tracking digital assets like Bitcoin, Ethereum, and altcoins, observed a notable outflow of $51 million from the Tron blockchain. However, CoinShares’ head of research, James Butterfill, noted that this might be due to a withdrawal of seed capital rather than any concerning developments. Bitcoin crypto funds experienced a smaller outflow of $2.7 million, while the more volatile short-Bitcoin funds saw $6.3 million in outflows. Short-Bitcoin funds enable investors to sell…
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FBI raises alarm over AI deepfake extortion scams
TL;DR Breakdown The FBI has warned the general public over a rampant deepfake scam that is being carried out with AI technology. The agency recommends ways to mitigate the risks associated with the technology. Deepfake technology, which utilizes generative AI platforms such as Midjourney 5.1 and OpenAI’s DALL-E 2, has demonstrated remarkable capabilities in producing lifelike images and videos. However, the U.S. Federal Bureau of Investigation (FBI) has recently issued a warning, stating that criminals are exploiting deepfakes to target victims for extortion. FBI warns the public about the extortion scam According to the FBI, it has received reports from victims, including minors and non-consenting adults, whose photos or videos were manipulated to create explicit content. In a public service announcement (PSA) alert released on Monday, the agency highlighted the growing prevalence of online extortion cases, particularly those involving “sextortion scams” employing deepfakes. Law enforcement agencies received over 7,000 reports in the previous year alone regarding online extortion aimed at minors, with an increase in incidents related to deepfakes since April. Deepfakes are fabricated audio or video content generated through…