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Homepage > News > Business > DoJ, SEC charge ‘crypto’ market makers with market manipulation A handful of ‘crypto’ market makers (MMs) have been charged with market manipulation and fraud for artificially inflating the fiat price of a handful of memecoins but also—gasp!—the mighty BTC. On October 9, the U.S. Attorney’s Office for the District of Massachusetts announced charges against 14 individuals and four entities accused of “widespread fraud and manipulation in the cryptocurrency markets.” The feds seized over $25 million worth of tokens along with “multiple” trading bots used in the wash trading of certain tokens, while around 60…
Blockchain security firm Scam Sniffer reported that 15,079 fwDETH (worth about $36 million) was leaked from a crypto whale address in a phishing scam.According to data from Arkham Intelligence, the phished addresses may be associated with the venture company Continue Capital. The company has not yet commented on the incident.Meanwhile, Yu Xian, founder of blockchain security company SlowMist, linked the attack to the Angel Drainer phishing group, known as a “drain as a service” (DAAS) provider.Typically, wallet drainers provide scammers with phishing tools such as fake social media accounts or websites in exchange for a portion of the stolen funds.…
The cryptocurrency market has been undergoing a period of uncertainty, with bears and bulls unable to take control for some time.Strategic investors are turning their attention to crypto presales. Current market trends do not affect pre-sale cryptocurrencies as they have not yet been launched on a crypto exchange. But that's not a good enough reason to buy the asset. So why are these three crypto presales popular this season? Let's take a look.1. Pepe Unchained – Meme Coin Layer 2 InfrastructurePepe Unchained, as the name suggests, takes inspiration from the viral Pepe meme. However, this is more than just a…
Bitcoin's current market trends indicate that the bullish cycle is still underway. beAnalyst of CQ Korea, cryptodan. In a post on CryptoQuant, Dunn highlights the historical pattern of the 2013 and 2020 cycles, showing two upswings where long-term investors realized profits twice before reaching the peak. Unlike 2017, when there was no period adjustment, the current market more closely resembles these earlier cycles, he argues.His chart of CryptoQuant's long-term holder expense return (SOPR) supports this outlook, showing a similar trend to previous bullish cycles.Bitcoin Long Term SOPR (CryptoQuant)SOPR is an indicator that measures whether long-term holders (those who have held…
A widely followed analyst and trader says an exponential rally against one of Ethereum's (ETH) biggest rivals could be on the horizon. An analyst known by the pseudonym Kaleo told his 651,800 followers on social media platform Ta. “If similar price movements continue, the $400 upside target for AVAX is not as crazy as it sounds.” Source: Kaleo/X Source: Kaleo/X At the time of writing, Avalanche is trading at $26.19, but it would need to rise 1,427% from current levels to reach $400. However, Kaleo said that even though the price movements of Avalanche and Ethereum reflect each other's price…
In the early morning hours of October 11, Bitcoin fell below $59,000 for the first time since September 18, triggering a prolonged liquidation across the crypto market. Earlier in the week, on Monday, October 7th, Bitcoin reached a local high of $64,400, but by Thursday, October 10th, it had fallen to $61,200.It fell to $58,800 overnight, but has recovered to $60,700 at the time of writing. The digital asset is currently down 5.8% from this week's high.According to data from Coinglass, 58,176 traders were liquidated in the past 24 hours, bringing the total liquidation amount to $196.65 million. The most…
Bybit has announced plans to enter Austria with the aim of obtaining a regulatory license in this EU jurisdiction ahead of the implementation of the MiCA regulation later this year. As the world's second-largest cryptocurrency exchange continues its expansion in key markets, the company announces that it will begin operations subject to Austrian local government approval and ensure full compliance with regulatory standards in due course. did. Bybit has revealed that it is not currently actively offering its services in Austria or to the Austrian market as it is not licensed in Austria, but will begin operations as soon as…
According to the price prediction chart, ETH’s recent underperformance may continue for quite some time. This development led Whale to shift his attention to a promising new altcoin: Rollblock. Despite being a relatively new cryptocurrency, Rollblock is quickly becoming a lucrative investment opportunity for investors looking for big returns. Here's why: Rollblock makes market debut in gaming ecosystem With ETH hemorrhaging, those whales are now interested in Rollblock and its unique gaming protocol. Rollblock allows crypto gamers to participate in online gaming with the power of a fully decentralized revenue model. This innovative decentralized casino is reshaping the $500 billion…
Charles Schwab: Crypto ETFs soar in popularity, outpacing traditional investment optionsCryptocurrency exchange-traded funds (ETFs) have earned their spot as one of the top investment options to pursue after stocks, according to a recent study from Charles Schwab. The study found that 45% of all ETF investors plan to invest in crypto products, outpacing bonds.This growing interest in crypto ETFs is particularly high among millennial investors, with the digital asset actually surpassing stocks as the most preferred investment vehicle. As many as 62% of millennial ETF investors indicated their intention to include cryptocurrencies in their portfolios.The popularity of crypto ETFs is…
Market situation The cryptocurrency market fell 0.2% in 24 hours to $2.12 trillion, but saw fresh declines in intraday U.S. trading and rebounded in low-volume buying in Asian trading on Friday morning. The sentiment index fell to 32 (fear), the lowest level in a month. Since the beginning of the week, Bitcoin's intraday momentum has been dominated by declines during US trading. The intensification of the sell-off was clearly visible on Wednesday and Thursday, with peak-to-trough losses exceeding 3%. The first cryptocurrency dipped below $59,000 but has recovered to $60,500 at the time of writing. The momentum from the previous…