Day: September 17, 2024

Binance Issues Statement, Denies Involvement in $230,000,000 Hack of Crypto Exchange WazirX

boss

The world’s leading cryptocurrency exchange by trading volume is distancing itself from a cyberattack that recently compromised the WazirX trading platform. In a statement released today, Binance said that it has never owned, controlled, or operated WazirX and that it was not involved in the compromised wallet, contrary to speculation. “The WazirX team and Nischal Shetty continue to mislead WazirX customers and the market regarding the relationship between WazirX and Binance. Binance has not owned, controlled, or operated WazirX at any time, including before, during, or after the July 2024…

XRP ‘The Safest Investment To Make 100% ROI’ – Former Asset Manager Shares Price Targets

boss

Este artículo también está disponible en español. XRP is holding strong above a critical price level after weeks of choppy price action, now testing local demand to push higher. Many analysts and investors remain confident about a potential surge in the coming months, with some projecting significant price gains once XRP consolidates above current levels.  Related Reading One top analyst and former asset manager, Amdtrades, shares this optimistic outlook, predicting a price increase above $1.26 shortly. Despite the confidence, uncertainty lingers across the broader market.  The next few days will…

What is the U.S. dollar’s role in stablecoin ecosystems?

Stablecoins have seen explosive growth in the last four years, increasing from a $17.6 billion market capitalization to $170.6 billion. The number of holders has also skyrocketed from 3.78 million to 119.72 million. However, this growth brings critical questions. How safe is it to hold stablecoins? How secure are the assets backing stablecoins? Could stablecoins pose a threat to traditional banking systems, and how might governments react to such competition? Total market value of stablecoins by asset | Source: RWA.xyz These are essential questions, yet they are often ignored. The…

Trump Launches New Cryptocurrency Venture but Declines to Share Details

boss

Donald Trump has officially launched his family’s cryptocurrency venture, World Liberty Financial, during a livestreamed interview on the social media platform X. This announcement comes as Trump, the Republican presidential nominee, seeks to expand his influence in the digital currency space. However, the details surrounding the venture remain vague, sparking curiosity and skepticism alike. Limited Details on World Liberty Financial In the livestream, Trump did not elaborate on the specifics of World Liberty Financial or how it would function as a cryptocurrency trading platform. Instead, he pivoted to discussions on…

SquidGrow crypto price down 18% as top coins seek gains

SquidGrow price is down 18% since hitting a new high on September 15, with the 24-hour price fluctuating just above $0.028. The SquidGrow meme coin, which recently migrated its token from the Binance Smart Chain to a new contract on the Ethereum (ETH) network, fell sharply to lows of $0.025. The losses saw the SQGROW token touch its all-time low, with the price down 18% from its peak of $0.034 on Sept. 15. Although SquidGrow’s price remained negative over the past 24 hours at the time of writing, it signals…

Analyst Identifies $0.75 As Most Crucial Target For XRP Price In The Campaign For $1

boss

Este artículo también está disponible en español. The XRP price has experienced a notable surge in recent days amidst the wider backdrop of the crypto industry. At the time of writing, many cryptocurrencies are starting to reverse their seven-day gains due to Bitcoin’s failure to break above $60,000 on Monday. However, XRP continues to stand firm, registering a 2.23% gain in the past 24 hours. This positive price movement has sparked discussions within the crypto community about the potential for a significant breakthrough.  Analyst Identifies $0.75 As A Crucial Target…

SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams

“Relationship investment scams, including those involving crypto asset investments, pose a risk of catastrophic harm to retail investors, and the threat is increasing rapidly as these scams become more popular with fraudsters,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement in a press statement. “In these two cases, we allege that fraudsters created fake crypto ecosystems that displayed false information to investors. Our allegations serve as a reminder to the public to be on heightened alert about potential scams involving investment opportunities promoted by strangers on social…