According to According to Arkham Intelligence, the U.S. government seized more than $300 million from three Alameda Research accounts on Binance and BinanceUS. The seizure is part of a larger confiscation action involving more than $700 million in assets from FTX and Alameda Research. Details of seized funds The seized funds were classified by the Arkham Intelligence platform as a ‘United States Government’ entity. Details of seized assets are as follows: $119.3 million USDT $102.38 million in BTC and WBTC BNB $28.35 million $26.26 million in ETH and WETH 13.62 million USD (BUSD) Context…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage The cryptocurrency market is abuzz with investor interest. Cost-effective entry point. The recent surge in activity is partly due to the approval of the Spot Ethereum ETF. This approval had a ripple effect on the market and created optimism among altcoins. As a result, investors are now looking for the best altcoins to buy. In this article, we take a look at some of the most promising altcoins today. It also provides important insight for those looking to capitalize on the current upturn. 5 Best Altcoins…
The cryptocurrency community is concerned about the suspected rugpull incident involving the Gemholic project and the zkSync network.Several users who have fallen victim to the alleged Gemholic scam have taken to X to raise awareness. NSerec, founder of Zkmarkets, confirmed that Gemholic stole $3.5 million.In the Once the funds were finally unlocked, the team implemented what appeared to be a rug pull. NSerec said the contract creator’s address was supposedly funded by Binance and asked community members who had any insight on how Binance could help them contact them.KYC provider silenceDespite completing Know Your Customer (KYC) verification through SolidProof, the…
One of the main applications of Ethereum that people have been interested in is financial contracts and derivatives. Although financial derivatives have acquired a reputation as a highly risky and destabilizing device with the sole function of enriching speculators, the underlying concept in fact has a number of legitimate uses, some of which actually help people protect themselves against the volatility of financial markets. The main idea here is called “hedging”, and is best explained in the context of Bitcoin, where ordinary businesses and individuals with no desire to take massive risks end up needing to deal with high volumes…
New York Attorney General Letitia James is suing the two companies and their promoters over an alleged cryptocurrency pyramid scheme that defrauded Haitian investors out of more than $1 billion.In a complaint filed Thursday, NYAG alleged that defendants Cynthia Petion and her husband Eddy Petion promoted the scheme to defraud thousands of investors worldwide, including at least 11,000 New Yorkers.AWS Mining, the first cryptocurrency mining investment scheme that promised 200% guaranteed returns, collapsed in April 2019. This was followed by a second large-scale fraud, NovaTech, claiming to be a cryptocurrency and forex trading platform. According to the filing, investors deposited…
The market structure for ETC was bullish at press time. Momentum and volume indicators turned bearish on the chart. Ethereum Classic (ETC) retested the $25 support level and almost flipped the market structure on the higher period into a bearish one. This comes after an unfavorable US jobs report for May. Short-term momentum also appeared weak. In a recent report, AMBCrypto noted that the $28.4-$29 area could be revisited before a rebound. Ethereum Classic fell more than expected. Ergo, Question – How are traders reacting to recent price movements? The $29 support level did not hold. Source: ETC/USDT on TradingView…
Bitcoin ($BTC) has surpassed $70,000. At the time of this writing, it was well over $71,000, trading at $71,156.02. This reflects growth of 0.29% in the last 24 hours and 4.72% in the last 7 days. Moreover, it soared by 11.97% in just one month. Many factors are shaping this picture. But what stands out is the whale activity. Large investors have shown strong confidence in Bitcoin. They accumulated nearly 70,000 BTC tokens in less than 30 days, which translates into a margin of roughly $1 billion. This just shows that long-term holders are ready to take risks again. Because…
Artificial intelligence (AI) is making significant advances in healthcare, particularly in the area of employee scheduling. According to Source EMEA, this innovation is addressing chronic nursing shortages and heavy administrative burdens on healthcare professionals. From paper sheets to AI tools The development of the AI scheduling application was a joint effort involving visionary hospital executives, a Swiss company specializing in medical scheduling software, Luzerner Kantonsspital (LUKS) employees, and Microsoft technical experts. Andri Puorger, Microsoft Switzerland Account Technology Strategist for Healthcare, played a pivotal role in this project. Puorger’s interest in medicine was stimulated by his…
Investors in South Korea’s booming cryptocurrency market are facing a digital storm after shocking revelations from financial regulators. According to a joint study by the Financial Supervisory Service (FSS) and the Korea Financial Intelligence Unit (FIU), as many as 70% of closed cryptocurrency exchanges neglected customers and failed to return invested funds. Hidden Dangers of Lesser-Known Coins This news is gut-wrenching news for the more than 6 million Koreans, or about 10% of the total population, who have dipped their toes into cryptocurrency pools. Unlike their global counterparts, Korean investors are known to dabble in riskier and lesser-known cryptocurrencies in…
Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of crypto.news editorial. Web3 games face serious problems with player adoption. A recent report found that only 7.9% of web3 games have more than 1,000 users. This player shortage, or “player liquidity,” results in longer matchmaking times, suboptimal competitive experiences, and economic issues that impact the studio’s ability to generate revenue and sustain development. The fundamental solution to these problems extends beyond simply increasing the number of players, which is inherently slow. Instead, creating AI avatars that are “digital…