Markets

Chirag Tomar, a 31-year-old Indian citizen, was sentenced to five years in federal prison for orchestrating a cryptocurrency fraud scheme that defrauded hundreds of victims out of more than $20 million. U.S. District Judge Kenneth D. Bell handed down the sentence, which also included two years of supervised release. Scammers Imitate Coinbase to Steal Millions According to court documents, Tomar and his co-conspirators executed the fraud by “spoofing” a website designed to...

The stablecoin market is growing, increasing liquidity and stabilizing the crypto space. This growth can be seen in the two largest stablecoins, Tether USD (USDT) and USD Coin (USDC), which are now responsible for a large portion of the crypto market’s transaction volume. A tweet by the decentralized finance analysis platform IntoTheBlock revealed that USDT and USDC now represent roughly 50% of the total transaction volume among major cryptocurrencies. IntoTheBlock’s analysts...

U.S. Vice President Kamala Harris has pledged to support digital asset policies that protect crypto investors, especially black men participating in the sector. The promise was part of a wide-ranging agenda targeting men of color whom the Democratic flagbearer’s team believes could be pivotal in the November presidential elections. Securing Black Male Voters via Crypto In an October 14 release, the Harris campaign promised their candidate would create a conducive crypto...

BlackRock CEO Larry Fink said Bitcoin (BTC) is an asset class, comparing its investment potential to that of gold. In a recent earnings call, Fink emphasized that the world’s largest asset manager now views Bitcoin as an alternative to traditional commodities. Bitcoin Is an Asset Class “We believe Bitcoin is an asset class in itself. It is an alternative to other commodities like gold,” the 71-year-old said during the call, highlighting that BlackRock is discussing potential...

TL;DR Shiba Inu teamed up with Mass Finance to enhance its ecosystem with AI-driven legal and fiscal solutions. The partnership aligns with SHIB’s 4% weekly price increase, supported by market revival and increased token burns. The Latest Partnership The meme coin project shook hands with the AI-powered platform Mass Finance, which aims to simplify business setup and growth, particularly for startups, funds, and incubators. It offers legal, fiscal, and banking tools in one...

Crypto payments company Ripple has revealed its preliminary exchange and market maker partners for the launch of its dollar-pegged stablecoin Ripple USD (RLUSD). The exchange partners are Bitstamp, Bitso, Bullish, CoinMENA, Independent Reserve, MoonPay, and Uphold. In addition, B2C2 and fellow market maker Keyrock will provide liquidity support for RLUSD. Advisory Appointments “With our initial exchange partners, clear utility and demand for RLUSD, and a strong focus on...

Monochrome Asset Management is preparing to launch Australia’s first spot Ethereum exchange-traded fund (ETF) on the Cboe exchange following the asset’s approval in the U.S. market. The Monochrome Ethereum ETF (IETH), which will begin trading on Monday, October 14, offers Australian investors a new way to access the cryptocurrency. Details Of The New Offering “Monochrome hosted a private event in Sydney this week with our service providers, team, and partners to mark the...

Le dix-huitième BitDev aura lieu le 18 octobre 2024. Cet événement, qui s’inspire des séminaires socratiques Bitcoin qui se tiennent aux quatre coins du monde, est réservé aux experts, aux développeurs et à tous ceux qui ont une connaissance avancée du protocole Bitcoin. Où ? – Dans les locaux de LN Markets, 11 Rue des Petites Écuries Quand ? – Vendredi 18 octobre 2024 de 18h à 20h Les...

SPX6900 (SPX) has shot up over 100% in the past week, proving that the meme coin craze is still going strong. However, traders are now searching for the next big opportunity. One expert is betting on Pepe Unchained (PEPU) – a presale project that has secured an enormous $19.3 million in early funding. SPX Coin Rockets & Nears $800M Market Cap SPX6900 has been going viral recently, and it’s easy to see why. This meme coin has surged to $0.851, an impressive 128% rise since...

With just over 20 days until the US presidential election, the race is heading into its decisive phase, and the stakes are high for the crypto industry. Over the past few days, prediction markets have flipped, placing higher odds on Republican and pro-crypto advocate Donald Trump securing a win compared to his Democratic competitor, Vice President Kamala Harris. This political shift to Republicans has contributed to significant inflows of digital assets over the past week....