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U.S. authorities, including the Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), and Department of Justice (DOJ), have accused Gotbit and four other crypto companies of widespread market manipulation. Several people working for a criminal organization were also arrested on this charge. Market Maker Accused of Operating Wash Trading Scheme According to a statement released by the SEC on October 9, Gotbit, ZM Quant, CLS Global, and MyTrade MM used bots to inflate trading volumes on centralized exchanges (CEX) through wash trading. A parallel statement from the Massachusetts U.S. Attorney's Office also included charges against popular meme coin…
Will fragmentation tear Ethereum’s booming ecosystem apart? Vitalik Buterin urges “alignment,” but is it too late? Experts share their insights. Buterin suggests ‘alignment’ Over the past few years, Ethereum’s (ETH) ecosystem has expanded rapidly. As of 2024, there are over 4,000 decentralized applications and dozens of layer 2 solutions built on Ethereum, each with a unique team and vision. However, this diversity creates a challenge: fragmentation. How can such a large, decentralized ecosystem work together toward common goals without losing its unique identity? The risk of fragmentation is already becoming apparent. Take, for instance, layer 2 solutions like Arbitrum (ARB)…
Sponsored post* Rexas Finance, Stellar, and The Graph are three promising cryptocurrencies with prices below $1. They are similar to Ethereum in that they are smart contract-enabled, decentralized, and primarily focused on scaling. Considering that these low-cost alternatives to Ethereum (ETH) will soon grow significantly, they are strong candidates with the potential to reach an ROI of 3,500% by 2025. Rexas Finance (RXS): Topping the charts with 3,500% ROI by 2025 Rexas Finance (RXS) is one of the best tokens topping the charts with a 3,500% ROI for all types of investments. Rexas Finance, a new entrant in cryptocurrencies, tends…
Off The Gird is a popular new game. Credit: Gunzilla Games off the guard is a new, little-known game that garnered a huge audience after launch thanks to some smart Twitch campaigns featuring big streamers and the fact that it's a lot of fun to play. It seems so. However, what many of these streamers don't tell you is that this is actually a crypto-based game that plans to add NFTs in the future. But that may not be a bad thing. off the grid This is a brand new early access battle royale shooter with some extraction shooting mechanics…
Amy Dilger/SOPA Images / Shutterstock / Amy Dilger/SOPA Images / ShutterstockDespite once calling Bitcoin a “scam” that would weaken the dollar, former President Donald Trump is now calling himself a “pro-crypto” presidential candidate in the race against Vice President Kamala Harris. They accept virtual currency as much as they claim.Check it out: 13 cheap cryptocurrencies with the biggest upside potential for youRead next: 9 things you must do to grow your wealth in 2024The Wall Street Journal reports that President Trump has made a major pivot to cryptocurrencies over the past few months as a way to ramp up his…
For the most savvy investors, the search for the next 100X token is never-ending. However, if a large portion of your assets are exposed to certain risks, the need becomes even greater. in this case, Binance Investor Opportunities are being missed as many companies are forced to diversify their holdings into other projects amid endless regulatory battles across different jurisdictions. Among the promising projects undergoing this diversification is Lunex Network (LNEX), an Ethereum-based DeFi token aimed at redefining the ease of trading in the decentralized exchange (DEX) market. there is. Is this possible? Ethereum (ETH) Network”Best DeFi protocol? Let's find…
Investing in cryptocurrencies has the potential to generate significant wealth by 2030. If chosen carefully, certain alternative coins can provide great returns over the long term. Experts have identified five digital assets that show significant growth potential. In this article, we will take a closer look at these promising coins and how they can help you build a substantial crypto portfolio. DOGEN: The first meme token for alpha males who want the best Unleash your inner alpha with DOGEN, a meme token created for people who want to live a beautiful life. Dogen is alpha dog never miss an opportunity…
The Internet Archive is under attack. In addition to multiple annihilating lawsuits against the organization that created and maintains the Wayback Machine, hackers broke into the Internet Archive this week, stealing details of 31 million user accounts and defacing its website. Meanwhile, archive.org was struggling to stay online thanks to: A barrage of distributed denial-of-service attacks. As of Friday, the site remained “temporarily offline.”In a dark twist of fate, a judge this week cleared the way for the US Treasury to take possession of 69,000 bitcoins stolen from the Silk Road dark web market. Meanwhile, Tigran Gambarian, the former IRS…
12:05 ▪ 3 Minimum read time up to ▪ Eddie S. The Bitcoin network recently reached a historic milestone by achieving an all-time high hash rate of 698 exahash per second (EH/s). Despite ongoing market challenges, this exciting milestone was achieved on October 10, 2024. Bitcoin: Achieves new hashrate record at 698 EH/S despite market challenges Despite a decline in BTC and hash prices, and a 4.09% increase in network difficulty, Bitcoin miners managed to increase the total hashrate to unprecedented levels. On October 10, 2024, the 7-day average hashrate reached 698.94 EH/s, but it dropped to 625 EH/s at…
Bitcoin price exploded above $63,000 today, reaching a regional high of around $63,400. It has since returned to levels where it is currently trading at $62,700, which is still a significant 4% increase over the past 24 hours. Source: TradingView It is also important to note that Bitcoin has outperformed other major cryptocurrencies, which have recorded modest gains. So what is the reason for this recovery? What is the reason for the rise in BTC price in the past few days? Well, the biggest reason is probably the fact that Mt. Gox has postponed the repayment deadline to October 31,…