News with the tag "Flare"

In a significant legal outcome, Sergei Potapenko and Ivan Turõgin, both 40 years old from Estonia, have pleaded guilty to running a large-scale Ponzi scheme involving crypto assets that defrauded “hundreds of thousands” of victims globally. The US Department of Justice (DOJ) announced that the defen...

One of the most dynamic contestants in decentralized finance (DeFi) has been Flare Networks, whose TVL in DeFi has increased by an impressive 400% year over year. That unmistakable growth suggests something is afoot with the project, positioning Flare Networks as a likely tiled next big thing in DeF...

The Attorney’s Office of the Western District of Washington revealed that two Estonian nations had pleaded guilty to a $577M crypto Ponzi scheme. The two had victimized hundreds of thousands of people worldwide, including the United States, through their multi-faceted scheme. Sergei Potapenko and Iv...

Hugo Philion, CEO of Flare Labs, recently announced that $134 billion worth of XRP will soon be eligible to earn a yield on Flare through FXRP and native XRP staking. While this development is exciting, it has raised concerns, regarding yield sources and potential risks for participants. Vet (@Vet_X...

Cryptocurrencies on Feb.7, 2025, traded largely mixed. While several altcoins, including Flare (FLR) and Ripple (XRP), gained, recent outperformers such as Pudgy Penguins (PENGU), Bittensor (TAO) and Hyperliquid (HYPE) struggled with downside pressure. Bitcoin’s retest of the $100k level was brief a...

Cryptocurrencies displayed bearishness today as Bitcoin hovered around the $97,000 region. With most tokens trading in the red, Flare’s impressive performance over the past day attracted the attention of crypto enthusiasts. FLR jumped from its 24-hour low of $0.01916 to a $0.02299 peak – a 19.99% ga...

The cryptocurrency market continued its volatile trajectory on Friday, with most major coins trading sluggishly. Bitcoin (BTC) remained subdued at the $97K level, while Ethereum (ETH), XRP, and Solana (SOL) experienced sharper declines. The global cryptocurrency market capitalisation stands at $3.15...

Flare and Google Cloud are betting on decentralized AI as they launch a hackathon with a $100,000 prize pool at UC Berkeley. The data-focused network Flare ( FLR ) and Google Cloud are teaming up for the Verifiable AI Hackathon at UC Berkeley, where developers will compete to build AI applications t...

Cryptocurrency prices are retreating amid concerns about President Donald Trump’s tariffs and a hawkish Federal Reserve. Bitcoin ( BTC ) and Ethereum ( ETH ) were on the downtrend after Trump announced plans to implement sweeping tariffs on Chinese, Mexican, and Canadian goods . The tariffs will lik...

Crypto prices were jittery on Friday, but Bitcoin (BTC) remained resilient near the $104,000 mark. The global cryptocurrency market cap is down around 0.93%, reaching $3.54 trillion. This comes as the market awaits the release of the December US PCE (Personal Consumption Expenditures) inflation data...