Crypto News | Tech Updates | NFT News

P2P platform LocalMonero will cease operations P2P bitcoin and Monero (XMR) trading platform LocalMonero (AgoraDesk) has announced that it is winding down operations.

"After nearly seven years of operation, due to a combination of internal and external factors, we have made the difficult decision to close our platform," the team wrote.

On May 14, they will close all existing deals, and the site will cease operations completely on November 7. ➡️ Crypto News | Tech Updates | NFT News

98% of FTX creditors will receive 118% of their frozen funds Cryptocurrency exchange FTX has proposed a new restructuring plan that will see 98% of creditors receive 118% of their frozen funds. The remaining 2% will be compensated for the full amount of their funds and will also receive 9% as a refund ➡️ Crypto News | Tech Updates | NFT News

Crypto speak: SNAFU “SNAFU” stands for “situation normal: all f***ed up.” Participants in the market ironically describe the situation’s regularity and normalcy, which, at first glance, appears to be full of horror and the impending collapse of everything. For example, a SNAFU can be a failed deal, a major crypto exchange failure, or other scenarios where something went wrong. There is no need to panic because similar incidents have happened frequently in the cryptocurrency sector. ➡️ Crypto News | Tech Updates | NFT News

LayerZero Labs will collaborate with Chaos Labs and Nansen to identify sybils The LayerZero omnichain protocol team announced that it will collaborate with Chaos Labs and Nansen to perform sibil detection analysis. "The total transactions of each user across all LayerZero-based applications will be examined. A report will be published after the sibil self-reporting deadline," LayerZero Labs wrote. LayerZero Labs co-founder and CEO Brian Pellegrino also added that the project team is not eligible to claim the drop: "No employee of LayerZero Labs is eligible to claim a drop. Otherwise, he will be fired, which has already been announced internally." ➡️ Crypto News | Tech Updates | NFT News

🇨🇦 Canada's first Lightning-enabled BTC ATM installed in Vancouver! Put 🔥 if you are waiting for BTC ATMs in your city ➡️ Crypto News | Tech Updates | NFT News

Crypto speak: Vaporware 💨 “Vaporware” is a product promised by developers—but never implemented. The term is often used to describe projects promoted at the first stages that have yet to see success. Using the word vaporware in the context of cryptocurrencies, users note the possible lack of prospects for a coin or project. Investments in such projects are undesirable. ➡️ Crypto News | Tech Updates | NFT News

🐳 For the last 2 months whales have been actively buying BTC in the price range of 60-70 thousand dollars. We are talking about wallets that have from 100 to 1000 BTC on their balance. Popular Twitter analyst Willy Woo emphasizes that these wallets have never made such active purchases before. ➡️ Crypto News | Tech Updates | NFT News

⚡️ Cryptan is mining crypto right in the back of his Tesla Cybertruck How's that sound, Elon Musk? 😅 ➡️ Crypto News | Tech Updates | NFT News

Crypto speak: Bulla/Bera “Bulla” and “bera” are common misspellings of the words “bull” and “bear” and denote market sentiment. We don’t know where they came from—like other misspellings—but there has been a corresponding meme for each for a long time. ➡️ Crypto News | Tech Updates | NFT News

🇺🇸 The U.S. government already owns 216,811 BTC ($13.81 billion) - Arkham analysts found an address with 3,940 BTC ($251 million) that the U.S. confiscated in January. Most of the BTC on the U.S. balance sheet is derived from the seizures. ➡️ Crypto News | Tech Updates | NFT News