The CFTC is investigating fraudulent cryptocurrency activity by unknown individuals, which may have involved 15 tokens, including the Mimecoin BEN.The agency issued a subpoena on July 16 to Hit Network, a cryptocurrency-focused media company that is the public face of Ben Armstrong, formerly known as “BitBoy.” The subpoena, seen by The Block, requests information on trading activity and digital wallets related to 15 tokens. The subpoena states that this is part of an investigation into individuals who have engaged in fraudulent and illegal activities related to digital currencies.Armstrong introduced all the tokens mentioned in various videos, for example: According to…
Author: Crypto Flexs
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index Cryptocurrency markets continued their downtrend on Friday, with Bitcoin price dropping to $62,300. According to CoinGecko data, the meme coin market cap is down 4% today. Despite this, Popcat has shown impressive resilience, rising almost 5% today to trade at $0.63. Experts believe the popular Solana meme coin is on the verge of a major breakthrough that could send it soaring to new highs. Popcat’s mid-cap status means it has little correlation with the overall market outlook. Likewise, new low-cost meme coins like Pepe Unchained are seeing impressive growth in their pre-sales, with experts calling it one of the…
According to cryptocurrency analytics firm Santiment, decentralized oracle network Chainlink (LINK) continues to lead all ERC-20 projects in terms of recent development activity. Santiment points out that Chainlink has registered 401.53 notable GitHub events in the last 30 days. The Oracle Project also ranked first in June, recording 560.6 major events over 30 days. Status (SNT) ranked second with 370.73 events registered in the last 30 days. Status aims to provide users with a secure messaging app, crypto wallet, and web 3 browser through open source, peer-to-peer protocols, and end-to-end encryption. Ethereum (ETH) itself ranked third with 272.43 events. Source:…
Iris Coleman Aug 02, 2024 14:02 Arcam CEO Miguel Morel will be participating in keynotes, panel discussions, and workshops at Istanbul Blockchain Week. Miguel Morel, founder and CEO of Arkham Intelligence, will speak at Istanbul Blockchain Week (IBW) 2024, according to Arkham Intelligence. Morel will participate in keynote speeches, panel discussions, and workshops. Keynotes and Panel Discussions Morel’s keynote address is expected to cover the latest trends and innovations in blockchain technology, providing insights from his extensive experience in the industry. The panel discussion will feature industry leaders and experts who will explore the…
Dogecoin (DOGE), Shiba Inu (SHIB), and Dogewifat (WIF) plunged on August 2 as the entire cryptocurrency market sold off. According to data from CoinMarketCap, the total market cap of Memecoin has decreased over the past 10 days, falling 21.5% from $54.7 billion on July 22 to $42.91 billion on August 2.Memecoin Market Cap and Daily Trading Volume. Source: CoinMarketCapDuring the same period, the total daily trading volume across the Mimecoin sector decreased by 21%.Mog Coin (MOG) was the biggest loser, losing 12% of its market cap over the past 24 hours. Book of Meme (BOME) followed with a 9% drop,…
This month, many cryptocurrencies showed signs that they were ready to offset the losses they experienced throughout most of Q2 2024. Some did, but others were not as lucky as they were in late July. In August 2024, investors will be watching to see which cryptocurrencies perform well and, most importantly, which cryptocurrencies can hit new all-time highs (ATH). This analysis focuses on the top four cryptocurrencies with such potential. Mantra (OM) If MANTRA (OM)’s impressive 1,956% gain this year is anything to go by, it could soon become a household name in the crypto market. Over the past 30…
HashKey Group’s OTC trading arm is the latest cryptocurrency company to receive a payment license from the Monetary Authority of Singapore. The license, introduced under the Payment Services Act 2019, allows the company to offer “digital payment token” services in the Southeast Asian city-state. “This significant achievement demonstrates HashKey OTC’s continued position as a leading provider of regulated OTC trading,” the company said in a statement, adding that it underscores the company’s commitment to achieving regulatory compliance.In February, HashKey received in-principle approval for a major payment institution license. Previously, it operated under a regulatory exemption to provide spot trading, fiat…
Wang Long Chai 2 Aug 2024 14:17 The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding to link payment systems between mainland China and Hong Kong. The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding (MOU) to establish cross-border payment system connectivity between mainland China and Hong Kong. According to the HKMA, the agreement aims to strengthen financial cooperation between the two regions and improve the efficiency of the payment system. Key figures in…
Main Content President Trump has suggested that Bitcoin could be used to manage the nation’s $35 trillion national debt. Harris’ campaign is highlighting Trump’s comments on cryptocurrency without a clear policy position. Share this article Former President Donald Trump recently praised the cryptocurrency industry in an interview and suggested that Bitcoin could help solve the U.S. national debt. The Kamala Harris campaign shared Trump’s comments without offering its own policy position on cryptocurrencies.In an interview with Fox Business, Trump praised the “very, very smart people” in the cryptocurrency industry and suggested that embracing Bitcoin could help solve the nation’s $35…
On August 1, there was a net inflow of $26.7 million into US Ethereum ETFs, led by ETHA. A $2 billion outflow from the Grayscale Ethereum Trust (ETHE) has caused a major shakeup for investors. Despite continued cumulative outflows exceeding $2 billion from the Grayscale Ethereum Trust (ETHE), recent trends in U.S. spot Ethereum (ETH) exchange-traded funds (ETFs) paint a contrasting picture. Ethereum ETF Flow Analysis On August 1, the Ethereum ETF saw a notable turnaround, recording net inflows of $26.7 million. This positive change was primarily driven by $89.6 million in inflows into BlackRock’s iShares Ethereum Trust (ETHA). Meanwhile,…