• Logan Paul, a YouTube influencer, is being sued for allegedly instigating a crypto and NFT fraud scheme.
• The lawsuit was filed by Houston based attorney firms Tom & Associates and Ellzey & Associates on behalf of Don Holland, a Round Rock police officer that fell victim to the scam.
• Paul denies he had anything to do with the mishaps occurring with the platform and Tom Kherkher of Tom & Associates will be looking into turning this case into a class-action suit.

Logan Paul Sued Over Alleged NFT Fraud

A YouTube influencer, Logan Paul, is being sued at the time of writing for allegedly instigating a crypto and non-fungible token (NFT) fraud scheme. The lawsuit was filed by Houston based attorney firms Tom & Associates and Ellzey & Associates representing Don Holland, a Round Rock police officer that fell victim to the scam.

Details of Crypto Zoo

Crypto Zoo was an online platform where customers could purchase in-game NFTs which they could then use to garner items in an interactive game. Holland claims in court documents that many of the individuals involved in establishing the game made their own in-game purchases without informing users of the platform and sold them for profit. Additionally, some NFTs purchased by users did not lead to any rewards or profits while developers suddenly stopped creating new ones without any notice.

Statement from Ellzey & Associates

A spokesperson for Ellzey & Associates released a statement claiming that Logan Paul promised a product (this NFT ecosystem) as an investment game that would make players money but there actually was no product or plan established when words were spoken to unsuspecting consumers who invested millions collectively into Crypto Zoo.

Paul’s Denial

Paul responded by denying he had anything to do with the mishaps occurring with Crypto Zoo saying: “I know I never scammed anybody, never made any money, never sold any tokens”. He feels he is being used as a scapegoat for other people’s financial decisions.

Class Action Suit?

Tom Kherkher of Tom & Associates stated his team has begun discussing this case with alleged victims from all over the world about turning it into class action suit in order to get justice for those affected by this fraud scheme.

• MinePlex, a Singapore-registered cryptocurrency company, has refuted claims of illegal activities and lack of working product made by Vietnamese TV channel VTV. The company plans to take legal action in response.
• The company is registered in Singapore as MINEPLEX PTE. LTD and has brought to market working Blockchain-based products such as Explorer, Wallet, Payments, Finance, Marketplace and more.
• In 2021 MinePlex was recognized as a top blockchain project by International Business Times , named Top Digital Finance Company 2021 by Seeking Alpha, and ranked first among top crypto projects that year by Cointelegraph.

MinePlex Refutes Claims of Illegal Activities

Singapore-registered cryptocurrency company MinePlex denies all allegations of illegal activities made against the company by Vietnamese TV channel VTV. The company plans to take legal action after VTV accused MinePlex of illegal activities. „We are saddened and disappointed that such a major Vietnamese TV channel has neglected the basic principles of journalism and didn’t verify and clarify the content before publishing subsequent articles that caused confusion, affecting our honor and reputation,“ said a spokesperson for the company.

Operations & Services Provided

MinePlex is a new generation digital ecosystem that creates advanced and modern payment solutions based on traditional financial, blockchain and digital application technologies. Currently, MinePlex’s main financial partner is a major Brazil-based bank. Operating since 2020, MinePlex has brought to market working Blockchain-based products such as Explorer, Wallet, Payments, Finance, Marketplace and more. „Already 2.5 years ago, the MinePlex technology was recognized as unique in the world media,“ said Fyodor Bogorodsky (CFO). The Mineplex blockchain is based on work of two tokens: one mines the other written in mathematical algorithm which cannot be interrupted in any way by the company itself or third party services/individuals involved with it’s operations or services provided within it’s ecosystem or platform(s).

Recognition & Achievements

In 2021 MinePlex was recognized as a top blockchain project by International Business Times , named Top Digital Finance Company 2021 by Seeking Alpha ,and ranked first among top crypto projects that year by Cointelegraph .Furthermore its blockchain was checked & verified last year (2022)by international cybersecurity firm CertiK who also completed KYC check on team members using their services at this time .

Price Assumption Made By CFO

Mineplex notes that an assumption made about future price growth for PLEX token (made previously by CFO)was taken out of context & not meant to guarantee or promise anything but merely an assumption & prediction about future potential value/price increase for this token .

Conclusion

In conclusion due to its legal bases given from registration & operating conditions set forth from local authorities within Singapore along with recognition from major news outlets /publications regarding it’s technology capabilities & achievements made throughout previous years gives clear evidence towards refuting accusations placed against this particular Crypto Company while also showcasing transparency with it’s operations & services rendered within its platform/ecosystem much like many other companies providing similar types of services within this space today .

What is Crypto Halal?

• Crypto Halal is a report designed to decide which cryptocurrencies are compatible with Sharia Law.
• The paper identifies 56 assets as halal and 50 assets as haram.
• Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are all classified as halal.

Cryptocurrency and Islamic Law

Cryptocurrencies have raised many questions among Islamic scholars regarding its compatibility with Sharia Law – the religious code of conduct that Muslims must follow. There is concern surrounding interest payments, economic speculation, and whether or not it can be used in a way that satisfies the intrinsic value requirement of a currency according to Islamic law. This has led to the development of an open-source paper called “Crypto Halal: An Intelligent Decision System for Identifying Halal and Haram Cryptocurrencies” by Arab computer science researcher Shahad Z. Al-Khalifa at King Saud University’s College of Computer and Information Sciences.

The Purpose of Crypto Halal

The purpose of this paper is to decide which assets out there fall into the halal category – meaning they’re usable according to Islamic law – or haram, meaning they’re forbidden from being utilized. To date, there are no published datasets that contain the classification of cryptocurrencies as halal or haram yet after reading the report about 56 currencies were identified as halal while another 50 were deemed harmful.

Major Assets Classification

Major assets around the world such bitcoin, Ethereum and Dogecoin have been classified as halal while other digital coins such Shiba Inu token, Alpha and PancakeSwap are considered haram due to their high risk nature or lack of regulation compliance with Sharia law. The report also states that if most of its high-priority features are satisfied then it would most likely be compliant with Sharia but still needs further investigation before being approved by Islamic scholars for use within their communities.

Conclusion

In conclusion, Crypto Halal is a great tool for determining which cryptocurrencies are compliant with Sharia law so Muslims can confidently invest in them without worrying about going against their religious beliefs. It provides users with much needed clarity on which digital coins can be used safely within their communities while still allowing them access to modern financial solutions like cryptocurrency investments.

• The cryptocurrency market crashed in 2021 and investors have been struggling to find promising projects since then.
• Three high-potential projects that could 10X by the end of 2023 are Fight Out, Zcash, and Solana.
• Each project has its own unique characteristics and all of them are expected to bring massive returns for investors this year.

Crypto Market In Downtrend

The cryptocurrency market took a massive hit towards the end of 2021, bringing down some of the biggest and most popular altcoins with it. While a majority of investors speculated a bounceback right after, unfortunately for many, no such thing happened. This caused the cryptocurrency domain as a whole to set course for a long and painful downtrend. Investors had been bleeding money until the end of 2022 which is when most of the top altcoins started showing bullish signs again.

3 Altcoins That Could 10X in 2023

New projects started flooding the market, and the demand for promising cryptocurrencies started increasing. Investors have already begun searching for their ideal investments which could fetch them massive returns in the upcoming weeks. Here is an overview of three exceptional projects that could potentially 10X by the end of 2023 or even before:

Fight Out – Trending Fitness-Oriented Project

Fight Out aims to change this, with its revolutionary technology and unique product. Introduced in the 4th quarter of 2022, Fight Out has managed to quickly create a fanbase, thanks to an existing community of fitness enthusiasts within the crypto space. It is an M2E (Move to Earn) ecosystem that encourages users to focus on their health and achieve fitness goals through monetary incentives. The project aims to do this with the help of cryptos and NFTs, making it one of the first initiatives to integrate blockchain components into the fitness industry. The main product includes an app that lets users access the project from anywhere in the world. It essentially features an NFT avatar that is fully integrated with the metaverse

Zcash – Privacy Focused Cryptocurrency

Zcash is another privacy-focused cryptocurrency that launched back in 2021 as a fork from Bitcoin’s codebase but comes with added privacy features like shielded transactions which use zero-knowledge proofs (zk-SNARKs) protocol developed by Zooko Wilcox-O’Hearn at his company Zerocoin Electric Coin Company (ZECC). Since its launch it has gained quite some traction among crypto investors due its innovative privacy features as well as its potential use cases outside currency payments like tokenization platforms or smart contracts on regulated assets like stocks or bonds

Solana – A High Performance Blockchain Network

Solana is yet another interesting project introduced back in mid 2021 as an Ethereum competitor aiming at providing faster transaction speeds than any other blockchain network currently available while also being energy efficient due to its Proof-of-History consensus algorithm; allowing up to millions transactions per second without requiring mining hardware or incentivizing miners using proof-of-work algorithms such as SHA256 found on Bitcoin’s blockchain network

• Hub71, Abu Dhabi’s technology ecosystem, has launched a new initiative called Hub71+ Digital Assets.
• The $2 billion fund will provide Web3 and blockchain startups in the region with access to programs and potential partners.
• This initiative aims to accelerate the growth of the Web3 industry in the Middle East and promote startup growth globally.

Abu Dhabi’s Hub71 Launches Initiative to Fund Web3 Startups

Hub71, Abu Dhabi’s tech ecosystem, has launched a new initiative called Hub71+ Digital Assets. The initiative is aimed at accelerating the growth of the Web3 and blockchain technology industry in the region by providing start-ups access to programs and potential partners. The fund of over $2 billion will be used to finance startups and support businesses relocating to Abu Dhabi.

Partnerships With Corporate & Government Bodies

The Hub71+ Digital Assets ecosystem includes several corporate, government, and investment partners that will help startups succeed in the industry. The anchor partner for this initiative is FABRIC – the research and development hub of First Abu Dhabi Bank. Additionally, other partners such as crypto exchanges and service providers are also involved in order to make it easier for businesses to discover, trade, and manage digital assets.

Impact on Growth & Development of Web3 Industry

With its private and government partnerships, this initiative has the potential to significantly impact the growth and development of Web3 and blockchain technology industries both locally in Abu Dhabi as well as globally. By providing resources such as funding opportunities plus access to potential partners like FABRIC or cryptocurrency exchanges/service providers, start-ups have an increased chance of succeeding in their endeavors within this space.

Fight Out (FGHT) – Newest Move For Project Rating Certification

In addition to this new web3 funding opportunity from Hub 71+, Fight Out (FGHT) – among other projects – is taking additional steps towards project rating certification by partnering with CertiK for auditing services as well as CoinSniper for KYC verification services during its early stage presale period which is currently live now .

Conclusion

Overall, through initiatives such as Hub 71+ Digital Assets , Abu Dhabi not only aims to provide these startups with necessary resources but also encourages others across its region—and beyond—to join similar efforts or create their own initiatives that could potentially revolutionize how businesses operate within our ever-evolving digital world!

• Render Network token (RNDR) has surged over 44% in the past month following a decision by the render network DAO to approve a new tokenomics framework.
• Despite this, RNDR price has dropped 5.7% over the past 24 hours to trade just below $2.0 according to CoinMarketCap data.
• The new burned-and-mint equilibrium (BME) model is aimed at making RNDR a commodity as well as a deflationary asset.

Render Token Price Prediction

The Render Network token (RNDR) has seen significant growth of 44% in the past month due to the approval of a new tokenomics framework by the Render Network DAO. However, despite this surge, CoinMarketCap data shows that RNDR price has dropped 5.7% over the past 24 hours and is currently trading just below $2.0.

A New Tokenomics Model Fuels The Render Token Price

The recent surge of 22% between February 5 and 7 was triggered by the vote of unanimous approval on January 31 for the burnt-and-mint equilibrium (BME) model proposed on GitHub which aims to cap net emissions and allow artists to burn required amounts of RNDR tokens in exchange for non-fungible work credits, which are then distributed to node operators. According to Coinglass crypto data provider, RPND’s funding rates remain positive on most crypto trading platforms, indicating bullish sentiments amongst traders.

Render Token Price Analysis

At press time, RNDR price is fighting immediate resistance from the middle boundary of an ascending parallel chart pattern at $2.20 and if it succeeds in closing above this level it would signal increased buying power and could potentially lead to a 24% increase with its bullish target being $2.43 – embraced by the upper boundary of the rising channel .

Conclusion

The adoption of BME model is expected to make RNRD both a commodity and a deflationary asset which could see its value rise significantly should buyers be able to close above immediate resistance levels at $ 2 .20 . If successful , 24 % increase could be seen with its bullish target being set at $ 2 . 43 .

• Fantom (FTM) price prediction is at $0.53 as the Relative Strength Index (14) stays within the overbought region
• The resistance levels for FTM/USD are $0.70, $0.75 and $0.80 and the support levels are $0.35, $0.30 and $ 0.25
• If the buyers keep the Fantom price above the 9-day and 21-day moving averages, FTM/USD may cross above the channel to hit the resistance levels of $0.70, $0.75, and $0.80 respectively

Fantom Price Prediction for Today

The Fantom price prediction is at $0.53 as the technical indicator Relative Strength Index (14) stays within the overbought region. Fantom has a market cap of 1.4 million USD with a circulating supply of 2.7 billion FTM and total supply of 3 billion FTM ranking it #40 on Coinmarketcap .

FTM/USD Market Key Levels

The potential resistance level for FTM/USD is set at 0.55 while the potential supports are located at 0.35, 0..30, and 025 respectively . On its daily chart , if buyers manage to keep Fantom’s price above 9-days and 21 days moving average , then FTM/USD may go past its current level towards potential resistances at 0,.70,, 075, and 080 . If this fails to hold strong then we may see a bearish movement below its current support level of 45 .

Is Fantom Ready For The Upside?

Looking at technical indicators such as RSI (14), if it moves above 70-level , then there might be chances that Fantometry follows an upward trend . When compared with Bitcoin , in order for it break above 2600 SATs ,the coin must remain above 2000 SATs or else we might witness a bearish movement .

Conclusion

In conclusion , if buyers can maintain their momentum by keeping fantoms’s prices above 9-day and 21 day moving averages then there may be some bullish movement towards potential resistances of 70 , 75 ,and 80 respectively in terms of USD trading pairs but if this fails to hold strong then there might be some bearish movements below 45 USD per token which could refresh lows under 2000 Sats when trading against Bitcoin .

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-eCash price is trading in the red after recording 10% gains between Sunday and Monday.
-The gains for XEC were as high as 16% on Monday alone when the altcoin, formerly known as Bitcoin Cash ABC (BCHA), climbed to a high of $0.0000351.
-eCash needs to hold above the $0.000027- $0.000030 demand zone to sustain the recovery.

The digital currency, eCash, is currently trading in the red after recording significant gains between Sunday and Monday. During this time, the altcoin, formerly known as Bitcoin Cash ABC (BCHA), achieved as much as 16% gains in one day, reaching a high of $0.0000351. At the time of writing, the eCash price is trading at $0.000032, up only 0.08% on the day. The trading volume for XEC is up 17% in the last 24 hours to $52,038,198, with a live market cap of $630,906,138, placing it at #70 on CoinMarketCap ranking.

In order to sustain the recovery, eCash needs to hold above the $0.000027 – $0.000030 price range. This range acted as supplier congestion between November 12 and December 15 before dropping below it, causing eCash to lose 22% of its value and seeking solace from the $0.00002148 support floor. Therefore, it is crucial that XEC stays above this demand zone.

In addition, the eCash price has managed to overcome key levels by flipping them into support. These include the $0.000024 major support level, the 50-day simple moving average (SMA) at $0.00002461, and the 100-day SMA at $0.00002968. This has allowed for an ascending parallel channel to be created on the daily chart.

If eCash manages to hold above the $0.000027 – $0.000030 demand zone, it would be an encouraging sign for the bulls and could potentially allow for XEC to continue its recovery. However, if it fails to do so, it could lead to further losses for the digital currency. Therefore, it is essential for investors to keep an eye on the eCash price in order to make informed trading decisions.

• Celo was trading with a bullish bias around $0.754 as buyers focused on undoing last week’s losses.
• A bullish cup-and-handle chart pattern has set Celo up for a potential bull run, with a target of $1.08.
• Support levels for Celo include the 200-day simple moving average (SMA) at $0.735, the 100-day SMA at $0.587, the 50-day SMA at $0.563, and the major demand zone at $0.48.

Celo (CELO) is primed for a rally as buyers look to undo the losses seen last week. At the time of writing, the altcoin was trading with a bullish bias around $0.754, with the technical analysis pointing to a potential upswing targeting $1.08.

The turndown that occurred between Monday and Tuesday last week gave late investors a chance to buy Celo at a discounted price. After being rejected by resistance from the $0.766 supplier congestion zone, the price of Celo plunged as much as 41% towards the $0.45 support level. This was followed by a recovery, which was sustained for over two weeks before being rejected by the same barrier. The correction stopped at the $0.60 psychological level, at which point a bullish cup-and-handle chart pattern emerged, setting the stage for a potential bull run.

At press time, Celo was trading above the $0.735 demand zone, which is embraced by the 200-day simple moving average (SMA). The next line of defense on the downside is the 100-day SMA currently at $0.587. Additional support areas could arise from the 50-day SMA at $0.563, and the major demand zone at $0.48.

The Moving Average Convergence Divergence (MACD) indicator was moving upwards, which is a sign of increasing buying pressure. Moreover, the Awesome Oscillator (AO) displayed a series of consecutive green bars, indicating that the momentum had shifted in favor of the bulls.

If bulls manage to push the price of Celo above the $0.766 resistance level, they could target a 43% upswing towards the $1.08 mark. On the other hand, if the bears manage to gain control of the market, Celo could find further support at the levels mentioned above, with a potential downside target of $0.45.