The United States indicted 14 people and four companies on charges of fraud and market manipulation. Prosecutors said this was the first criminal case involving a cryptocurrency company involved in market manipulation and wash trading. U.S. prosecutors have indicted 14 people and four cryptocurrency companies on charges of widespread market manipulation and fraud. Federal prosecutors said Wednesday that the case involves the first criminal prosecution of a financial services company involved in the cryptocurrency market, according to a press release from the U.S. Attorney’s Office for the District of Massachusetts. In addition to fraud, there are also allegations of fake…
Author: Crypto Flexs
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jack anderson October 14, 2024 03:09 TOKEN2049 in Singapore highlighted Immutable’s (IMX) leadership in Web3 gaming, showcasing new business models and blockchain innovations focused on mainstream adoption and global growth. TOKEN2049, Asia’s premier cryptocurrency event, recently concluded in Singapore, marking an important milestone for the global cryptocurrency industry. According to immutable.com, the event attracted an impressive 20,000 attendees, over 400 exhibitors, and over 800 side events. Web3 Gaming Takes Center Stage Immutable (IMX), a leader in Web3 gaming, took a leading role at the event, highlighting its shift to a hybrid business model that…
Security • October 11, 2024, 4:38 AM EDT Posted 1 minute ago to Updated: October 11, 2024, 6:33 AM EDT Security analysts reported a security incident involving a phishing attack in which the cryptocurrency whale lost about $35 million worth of FwDETH (15,079 Few Wrapped Duo ETH).fwDETH is a wrapped version of Duo ETH or DETH, a derivative of ETH issued by Duo, a DeFi protocol on the Blast network.The incident occurred due to Whale’s fraudulent “permission” signature, which allowed the attacker to access his address 0xEab2E… The withdrawal of funds from a393 was first noted by Scam Sniffer, a…
Monochrome Asset Management is preparing to launch Australia’s first Ethereum exchange-traded fund on Cboe following the asset’s long-awaited approval in the US market.Monochrome’s Ethereum ETF (IETH), which is scheduled to begin trading on Monday (Tuesday 10am AEDT), has raised $US15 million (US$10.1 million) since the launch of the Bitcoin ETF (IBTC) in August 2023. Although this is far short of the billions of dollars held by the United States, the fund positions itself as the first fund in the world to offer in-kind Ethereum subscriptions and redemptions.CEO Jeff Yew said this was a feature that could increase tax efficiency. decryption…
Zcash (ZEC) defied the broader cryptocurrency market decline and surged 12% on Thursday as Coinbase launched a new feature for privacy coins. According to CoinGecko, ZEC has outperformed the entire cryptocurrency market capitalization, which fell nearly 2% over the same period. The 141st-ranked cryptocurrency asset also gained nearly 29% in the past week. As of this writing, ZEC is trading at $32.95, up from $29.15 a day ago. On Thursday, Coinbase announced that users can now send Zcash to TEX addresses. Zcash has several types of addresses, including transparent addresses (t-addresses) and private/shielded addresses (z-addresses). This address can encrypt transaction…
Louisa Crawford October 14, 2024 01:58 Binance is introducing a ‘Word of the Day’ game focused on its affiliate program, giving users the opportunity to earn Binance Points that can be exchanged for rewards. Binance has unveiled a new educational initiative that aims to increase user engagement while also increasing understanding of the cryptocurrency market. Titled ‘Word of the Day’ (WOTD), the game focuses on the Binance Affiliate Program, giving participants the opportunity to earn Binance Points that can be exchanged for various rewards. Game mechanics and engagement WOTD games are designed to be…
As the cryptocurrency market continues to evolve, investors are looking for changes that offer higher returns. As we approach the end of 2024, some are wondering whether existing coins like Shiba Inu (SHIB) still have appeal, or whether new coins like NEIRO or Rexas Finance (RXS) might be better choices. Let’s take a look at why these new coins could offer more upside. Rexas Finance (RXS): Leader in the pre-sale market lexas finance It has gained popularity in the cryptocurrency community, especially due to its impressive pre-sale performance. The project has just completed its third pre-sale phase and has already…
Only 1% of Polygon investors made a profit. Indicators show that buying pressure is increasing. After switching from MATIC to POL polygon We have been struggling with pricing issues. But things may soon get better. In particular, bullish patterns appear on POL charts, which can lead to tremendous growth. Bullish pattern on Polygon chart Polygon has been witnessing a major price correction recently. According to CoinMarketCapThe price of POL has fallen more than 3% in the past week. The bearish trend continued with the value falling 1% in the last 24 hours. At the time of this writing, the token…
Advocates of Decentralized Physical Infrastructure Networks (DePIN) generally aim to leverage blockchain technology to give users control and ownership of real-world physical infrastructure networks, from GPU chips to wireless data networks. The project in space claims that: It provides real value in a way that sets it apart from other cryptocurrency projects. “DePIN is probably the only category on the web3 where value comes from outside of the cryptocurrency sector,” Alvaro Garcia, partner at Borderless Capital, said in a recent interview with The Block. He also claimed that the DePIN project makes it uniquely resistant to bear markets that could…
Google searches for the term “Bitcoin” (BTC) hit a one-year low during the week of October 12, 2024. Out of 100, global interest in that search term had fallen to 33% by the end of the week.Meanwhile, the search volume for ‘Memcoin’ was 77 out of 100 during the same period, but has not yet surpassed the previous high of 100, achieved at the end of October 2023.However, CryptoQuant CEO and founder Joo Ki-young believes that memecoin search volume will recover to previous highs by the end of October 2024, as market interest in these digital assets remains high.Google search…