Authorities in Hong Kong have uncovered a HK$360 million ($46.3 million) fraud scheme involving cryptocurrency and arrested 27 suspects.Local media HK01, reported On Tuesday, Hong Kong police launched a special operation called ‘Secret Words’ earlier this month, arresting 27 people accused of promoting online romance scams for about a year and extorting money from victims by luring them to invest in cryptocurrencies. . According to the report, police deployed more than 100 agents to investigate the case, arrested 27 people, and seized luxury watches and over 200,000 Hong Kong dollars ($25,742) in cash during a raid on the Hong Kong…
Author: Crypto Flexs
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Crypto strategists are warning that meme tokens Pepe (PEPE) and dogwifhat (WIF) are currently primed to witness a serious corrective move. Household trader Credible Crypto tells his 425,900 followers on social media platform X that he is bearish on PEPE. According to analysts, the current PEPE rally may lose steam, setting the stage for a collapse below $0.00000570. “High Time Frame (HTF) deployment takes time. After breaking out of the lowest range, we are now back in the highest range and are once again struggling to clear it, which will likely lead to another breakout and failure. The next step…
Jessie A. Ellis October 16, 2024 07:40 Walk through building a decentralized voting application using Linea’s zkEVM. Learn about deploying smart contracts, frontend integration, and ensuring secure and transparent voting. In the evolving world of blockchain technology, decentralized applications (dApps) offer innovative solutions that are secure, verifiable, and tamper-proof. One such application is decentralized voting, which promises to improve democratic processes by eliminating intermediaries and ensuring transparent vote counting. According to linea.mirror.xyz, this tutorial walks you through developing a simple voting dApp using Linea, a zkEVM layer 2 blockchain solution. Understanding Voting Dapp Architecture…
SUPER broke the $1.11 resistance level, but RSI overbought suggests a potential near-term decline. Increasing social dominance and public attention suggest continued momentum, but the MVRV ratio poses risks. Super Bus (SUPER) It has caught the attention of investors, rising 11.62% in the past 24 hours and trading at $1.39 at press time. With a market cap of $677.28 million and a 54% surge in trading volume, the token is showing strong momentum. The problem still remains. Could this bullish trend push SUPER above key resistance levels and trigger a broader bounce in the cryptocurrency space? Bullish indicator appears SUPER…
Stripe partners with Paxos to launch stablecoin payments platform. Paxos’ platform supports PYUSD, USDC, and USDP for instant conversion. The goal of this plan is to reduce costs and expand the company’s global reach. Stripe has taken an important step in enhancing global payment solutions by partnering with blockchain and tokenization infrastructure platform Paxos to integrate Paxos’ new stablecoin payments platform into its “Pay with Crypto” offering. The goal of this collaboration is to simplify the process for businesses to accept stablecoin payments, providing a more efficient and cost-effective alternative to traditional payment methods. Helping businesses easily transact with stablecoins…
Bitcoin (BTC) price is expected to hit its highest daily price since July. It rose to 31st place after hitting an intraday high of $67,953. The rally hit a new high (HH3) compared to the previous local high of $66,450 on September 27th. Bitcoin 1 day chart. Source: Trading ViewWith a rise of 6.17% on October 15, market expectations are growing that it will recover to the $70,000 level for the first time in the second half of 2024. Bitcoin’s apparent return to Q1 levelsOne of the key observations about the ongoing rally is the lack of demand for Bitcoin…
As of Tuesday night, former U.S. President Donald Trump’s odds of winning the upcoming presidential election were 16% ahead of Democratic candidate Kamala Harris’s at PolyMarket.According to the decentralized prediction market platform, Trump’s probability of winning was 57.9%, and Harris’s probability of winning was 41.8%. To date, more than $1.92 billion has been bet on the winner of the 2024 election.For most of the past month, current Vice President Harris has led the Ethereum-based platform. Trump rose to first place again early this month, and the gap between the two candidates has widened further since then.Meanwhile, nationwide Opinion poll counting…
The debut token sale for the Trump family’s cryptocurrency project, World Liberty Financial, has been stalled so far, with the number of tokens sold reaching just over 3.4% of its $300 million target after its website crashed.Sales of the platform token, WLFI, began on October 15, with 20 billion tokens available to the public at a price of 1.5 cents each. However, after 14 hours, 687 million units were sold, worth approximately $10.3 million.According to Etherscan data, there are only 6,832 unique wallet addresses holding WLFI. This is far short of the more than 100,000 signups the project team saw…
According to Coinbase’s Q4 Cryptocurrency Market Guide report released in conjunction with Glassnode, stablecoin use and adoption surged in the third quarter of 2024. According to the report, stablecoins reached an all-time high market capitalization of approximately $170 billion in the third quarter of 2024. This growth comes with the implementation of the European Union’s new cryptocurrency asset market regulations, which introduce clearer rules for stablecoin operations. Stablecoins have become a key tool for users seeking faster, cheaper, and more secure transactions. The use of payment systems such as remittances and cross-border remittances is continuously expanding. Recently, Anthony Pompliano argued…
This article is also available in Spanish. Ethereum (ETH) has surged above $2,500 and is now testing critical supply levels that could trigger a massive rally for both ETH and altcoins. After several days of anxiety and uncertainty, yesterday’s market surge has reignited optimism across the cryptocurrency industry. Investors and traders are closely watching Ethereum’s price movements. Because a break above this critical area could signal the start of a significant upward trend and potentially set the stage for an Altseason. Related Reading Top analysts and investors are waiting for confirmation that ETH is ready for a rebound soon. Renowned…