Day: March 28, 2024

US, UK Probe $20B Crypto Transfers Linked to Russian Exchange

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Authorities from the US and the UK are investigating cryptocurrency transactions traversing Russian exchanges. Recent revelations suggest that over $20 billion in crypto transfers have been flagged for investigation. According to a report by Bloomberg, the suspicions revolve around Moscow-based Garantex and its use of the Tether cryptocurrency. At the center of the scrutiny is Tether, a dollar-pegged stablecoin. The sizable volume of transactions sent through Garantex using Tether has raised red flags, prompting regulatory bodies to delve deeper into potential sanctions evasion and illicit financial activities. Tether Holdings, the…

Exploring the Cryptocurrency Landscape Beyond Bitcoin

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Bitcoin, celebrating its 15th anniversary, marks a significant milestone in cryptocurrency’s evolution. While Bitcoin pioneered this market, it has now expanded to include thousands of diverse tokens collectively valued in trillions of dollars, showcasing the dynamic evolution of the cryptocurrency ecosystem. As the cryptocurrency market continues to grow, investors face the challenge of navigating this vast and varied landscape effectively. While the appeal of comprehensive exposure to the cryptocurrency market is strong, achieving this goal presents hurdles around liquidity, wallet management, allocation weightings, and ongoing portfolio maintenance through market cycles.…

Analysts Bullish On FLOKI As Price Surges 9.8%, New ATH Soon?

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Floki Inu (FLOKI) performed stellarly this month, with crypto analysts and traders forecasting bullish moves for the token. As the crypto market recovers from its slowdown, with Bitcoin (BTC) leading the way, the dog-themed token appears to be preparing to take off. Analysts Share Bullish Forecasts For FLOKI’s Future Two weeks ago, analysts considered that FLOKI was showing a strong performance amid the crypto market slowdown. The token, which has been on an upward trajectory since the end of February, “held up nicely” at the time. While most of the…

Is This the End of Bitcoin’s 4-Year Bull/Bear Market Cycle?

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As investors and enthusiasts prepare for heightened volatility, it’s evident that the market is on the brink of unprecedented growth and, potentially, a fundamental paradigm shift. While it is bittersweet, this upcoming period could be viewed as the end of cryptocurrency’s infancy, marking a significant evolution in its history. Before saying goodbye, we should all be ready to celebrate its Last Dance. Original

Why BlackRock Could Bet On This RWA Token: Crypto Analyst

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In an era where the boundaries between traditional finance (TradFi) and crypto continue to blur, the tokenization of real-world assets (RWAs) stands out as one of the hottest trends. This trend, which allows tangible assets like vehicles and real estate to be bought and sold as tokens on a blockchain, promises to revolutionize the efficiency and speed of asset transactions. Just last week, BlackRock, the world’s largest asset manager, has positioned itself at the forefront of this movement with the launch of a $100 million tokenization fund, which has already…

Injex Finance Launches Presale for $INJX Token: Join Now to Secure Early Contributions

PRESS RELEASE. Injex Finance is excited to announce the official launch of its Presale for the native $INJX token, offering early contributors an exclusive opportunity to become part of the thriving Injex ecosystem. With the Presale now live, users can seize the moment to participate and benefit from this groundbreaking initiative. As the cryptocurrency market […] Source CryptoX Portal

Low-Cap Altcoin Soars Over 100% in 24 Hours Amid Partnerships and Perpetual Contract Listing on Top-10 Exchange

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A little-known altcoin has doubled up over the last 24 hours amid new partnerships and perpetual contract listings. New information reveals that data exchange digital asset REI Network (REI) – which aims to be a feeless Web3 protocol – is trading for $0.280 at time of writing, an increase of about 103% during the last day. The crypto’s rise in price coincides with its announcement of numerous collaborations with other crypto and tech firms, such as OpenTaskAI, an artificial intelligence (AI)-focused global marketplace that connects businesses and freelancers. “[REI Network]…

Hut 8 reports 32% revenue increase amid Bitcoin rally

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Cryptocurrency miner Hut 8 Corp has published a report on its results over the past six months. According to the company’s press release, Hut 8 increased revenue to $60.6 million for the six months ending Dec. 31, 2023. Financial reporting highlights for Hut 8 include a 32% increase in revenue and a significant increase in net income to $6.2 million, compared to the previous net loss. The Bitcoin (BTC) mining cost was $18,815, and the company mined 1,244 Bitcoins during this period. Hut 8’s energy cost per MWh was $44.52,…

Dogecoin Holder Base Reaches New Record Amid Surge In Interest

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Dogecoin has soared toward a new record in one notable metric as interest in the meme coin continues to surge. This time around, the holder base of the cryptocurrency has reached a new all-time high, signaling rapid adoption among crypto investors. Dogecoin Holders Cross 6.9 Million The month of March has come with glad tidings for Dogecoin. Not only has the meme coin’s price risen tremendously this month, its holder base has also seen a lot of growth. This month, the total DOGE holder base crossed 6.9 million for the…

Crypto Community Shows Discontent Over Sam Bankman-Fried’s 25-Year Sentence

In a packed courtroom, Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis A. Kaplan. The sentencing follows a landmark trial that has captured widespread attention for its revelations of financial misconduct within the cryptocurrency industry. Crypto Mogul Sam Bankman-Fried Handed 25-Year Sentence; $11 Billion […] Source CryptoX Portal