Cryptocurrency markets experienced significant volatility today, with major digital assets such as Bitcoin and Ethereum demonstrating notable price fluctuations. Bitcoin, which has been a market leader, saw its value oscillate, reflecting broader market sentiments and investor behaviors. Ethereum, the second-largest cryptocurrency by market cap, also showed similar volatility. Analysts point out that these fluctuations are part of the cyclical nature of the cryptocurrency market, influenced by various macroeconomic factors including inflation rates and geopolitical events. Additionally, altcoins like Ripple and Litecoin followed suit, exhibiting comparable patterns of volatility. Market experts…
Category: Exchanges
Argentine Exchange Ripio Announces Defi Credit Card
Ripio, a leading Argentine exchange, has announced that it has created a Visa-backed decentralized finance (defi) credit card allowing users to put crypto in a liquidity pool as collateral for purchases. The card, currently in the testing phases, will not sell the cryptocurrencies owned automatically but will instead borrow up to 30% of the capital […] Source
US Sentences 12 in $3.5 Million Cryptocurrency Heist Involving Violent Home Invasions
The U.S. Department of Justice (DOJ) has sentenced 12 individuals for a series of violent home invasions aimed at stealing over $3.5 million in cryptocurrency. The group’s leader received 47 years in prison, while his accomplice was sentenced to 20 years. “The victims were held at gunpoint in their home,” the DOJ stated, adding that […] Source
One Relatively New Decentralized Exchange Has Gained Traction Quickly Amid a Cooling DEX Market: IntoTheBlock
One relatively new decentralized exchange (DEX) is gaining momentum despite the bearish conditions in the crypto segment, according to the digital asset analytics firm IntoTheBlock. The firm notes the total market cap of major DEX tokens currently sits at $26.6 billion. “After a brief rise earlier this year, the market has cooled down, wiping out any YTD (year-to-date) gains.” IntoTheBlock notes that Uniswap’s native token, UNI, is the commanding asset in the space, with 74.93% market cap dominance. But Aerodrome Finance (AERO) is rapidly building momentum in the sector, “making…
CFTC Teams up With SEC to Fight Cryptocurrency Scams
The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers recognize and avoid these “pig butchering” scams, which defraud victims by building false trust and promoting fake cryptocurrency […] Source
Donald Trump Cryptocurrency Portfolio Sees Major Losses
Former U.S. President Donald Trump has faced a steep decline in his cryptocurrency portfolio, shedding $19.27 million in value over the last three months. This downturn, confirmed by blockchain intelligence firm Arkham, underscores the volatility of the cryptocurrency market and the risks associated with digital assets. Major Losses in Donald Trump’s Cryptocurrency Holdings As of September 13, Donald Trump’s cryptocurrency portfolio is valued at $5.87 million, a sharp decline from its peak of $25.16 million on June 6. This represents a staggering 76.6% loss in value. The losses are spread…
Polygon’s POL Price Jumps 15% as Crypto Exchange Binance Completes Migration From MATIC
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ABDS Token Now Live for Trading on 3 Major Crypto Exchanges
ABD Systems, a well-known leader in IT solutions and the parent company of the recently launched ABDS Token—a groundbreaking crypto designed to transform digital finance by making it more accessible, secure, and user-friendly—is now excited to announce that the ABDS Token has been officially listed on three major cryptocurrency exchanges. This milestone was shared recently through ABD Systems’ official account on X (formerly known as Twitter), marking a significant step forward for the company and its growing community. The listing represents the start of an exciting new chapter, positioning ABDS…
FTX’s Caroline Ellison To Be Sentenced This Month for Role in Collapse of Crypto Exchange: Court Documents
New court documents reveal that former FTX executive Caroline Ellison is set to be sentenced later this month for her role in the multi-billion-dollar downfall of the crypto exchange in 2022. According to new court filings, Ellison – who once was the girlfriend of jailed FTX co-founder Sam Bankman-Fried and the CEO of FTX’s sister firm Alameda Research – will be sentenced on September 24th. The filings indicate that Ellison is also seeking to redact specific information related to the people who sent letters of support on her behalf as…
SEC Settles With Trading App eToro on Unregistered Broker Charges As Exchange Ceases Most Crypto Trading
The top U.S. securities regulator has reached a settlement with the trading app eToro severely limiting the platform’s crypto trading abilities. According to the U.S. Securities and Exchange Commission (SEC), eToro has agreed to pay $1.5 million in penalties and limit its crypto trading options to Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH) without admitting to or denying charges of operating as an unregistered crypto broker and clearing agency since 2020. The SEC contends that eToro allowed customers to trade cryptos as securities on the app without following the…