Three crypto companies and 15 individuals have been charged with extensive fraud and market manipulation. This follows an unprecedented investigation by the US Federal Bureau of Investigation (FBI), which involved creating a new digital token to help expose criminal activity in the sector. Federal prosecutors in Boston announced charges against...
Caribbean’s Revival Mirrors the Growing Adoption in Argentina, Brazil, and Venezuela
After the downfall of FTX, the Caribbean’s cryptocurrency landscape entered a phase of doubt and decreased engagement, leading to a loss of trust in crypto platforms. However, starting in late 2023, there has been a notable revival in such activities across the region. Prominent blockchain analysis company Chainalysis said that...
Stablecoin Giant Tether Celebrates 10th Anniversary: The Journey So Far
The leading stablecoin issuing company, Tether, is celebrating its tenth anniversary and a decade of innovation that has contributed to the advancement and development of the digital asset landscape. According to a press release by Tether, the crypto firm will commemorate the anniversary by releasing a documentary titled “Stability and...
Bitcoin Calms Down at $63K as Aptos (APT) Explodes 20% Daily: Weekend Watch
The cryptocurrency market has calmed down in the past 24 hours. Its total capitalization is around $2.29 trillion, which is more or less where it was yesterday. Bitcoin, as well as the majority of large-cap altcoins, saw relatively low volatility and are consolidating. This is expected price action during weekends...
TON P2E Fishing Game CoinFish, Incubated by MEETLabs, Officially Launches on Oct 23rd
[PRESS RELEASE – Singapore, Singapore, October 13th, 2024] MEETLabs officially announced that its incubated TON ecosystem clicker game CoinFish will initiate an airdrop event on October 23rd, with a current 10-day countdown. CoinFish (https://x.com/coinfishfun) is a Web3 game that combines fishing with business simulation, where players feed stray cats by...
Bitcoin Could Unlock New Local Highs if This Happens: CryptoQuant
This week, bitcoin (BTC) touched a price height of $64,000 before retracing its steps to a current price mark below $62,000. This price downtrend begs the question – will the leading crypto asset unlock new heights in the near term? A CryptoQuant analyst has shared research showing what could enable...
Russian Investigator Sentenced to 16 Years for Accepting $65M Bitcoin Bribe from Hackers
Russia has sentenced Marat Tambiyev, a former mid-ranking investigator, to 16 years in jail after he was caught accepting a bribe of 1,032 bitcoins, which is currently worth around $65 million, from hackers he was investigating. The bribe originated from members of the Infraud Organization hacking group, which Tambiyev was...
UN Agency Calls for Urgent Action on Crypto-Enabled Crimes in Southeast Asia
The United Nations Office on Drugs and Crime (UNODC) expressed deep concern about crypto’s role in facilitating illicit activities across Southeast Asia. It notes that the existing underground banking infrastructure, including underregulated casinos, junkets, and illegal online gambling platforms, has increasingly adopted crypto as a tool for crime. UNODC Raises...
86-Year-Old Gets 5 Years Probation for $15M Crypto Ponzi Scheme
An 86-year-old former attorney, David Kagel, has been sentenced to five years of probation for organizing a multimillion-dollar cryptocurrency Ponzi scheme that defrauded investors out of nearly $15 million. The judgment, filed on October 8 in a Las Vegas federal court, also requires him to pay $14 million in restitution...
Ripple Price Analysis: Is XRP Headed to $0.5 or $0.6 Next?
Ripple recently faced significant selling pressure after being rejected at the critical $0.65 resistance level. This resulted in a 23% price drop, breaking below the 100—and 200-day moving averages. This price action hints at a potential downtrend continuation toward the $0.5 mark. XRP Analysis By Shayan The Daily Chart Ripple...
