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Hong Kong police have busted a deepfake romance scam that defrauded a man of $46 million through fake cryptocurrency investments. According to local reports, Hong Kong law enforcement agencies have cracked down on a multinational crypto-romance scam run by a fraud syndicate using advanced deepfake technology, targeting victims in Hong Kong, Singapore, mainland China and other regions. It was cracked down. Police have identified 27 people, including university graduates and Soon Eon Triad members, who helped run the scheme and set up a fake trading platform to trick victims into investing in fake crypto investments. was arrested. Romance scams, also…
XRP is holding strong and trending upwards like Bitcoin and other top altcoins. Buyers will need to overcome this liquidation level as the price retests $0.55. If the uptrend is to take shape and the losses of early October are to be reversed, the follow-through of yesterday’s bar must be accompanied by an increase in volume. In that case, XRP could easily rise above $0.66 in line with the rally in Q3 2024. For now, traders are cautious but bullish. The optimistic view also takes into account Ripple’s aggressive cross-appeal to the US SEC.After a few days of sideways movement,…
Ethereum is also skyrocketing in price, just like Bitcoin. The solid bull run on October 14th could shape short- to medium-term price trends and impact price performance. Currently the buyer is in charge and local support remains at $2,300. Although the coin is in a solid uptrend, there is a clear entry once the coin crosses $2,800. Still, aggressive traders can ride the positive sentiment by expecting the coin to break above $2,800 following yesterday’s rally. Risk-off traders will consider a loading opportunity if there is a significant rally above September’s highs.Traders are optimistic and expect Ethereum to rise further…
A notable analyst who pinpointed Bitcoin’s pullback earlier this year says BTC could soon enter the explosive phase of the market cycle. In a video update, pseudonymous analyst Recto Capital told his 91,000 YouTube subscribers that Bitcoin will break through the top of its trading range and hit a new all-time high (ATH) in the coming weeks. He said it is possible. “We have been retesting this (the $60,000 level) for several weeks in a row and are now trying to position for the high (around $71,000). And of course we have a series of low highs that we have…
Ripple, a leading provider of digital asset infrastructure for financial institutions powered by XRP, is ready to issue its own stablecoin, pending regulatory approval. RLUSD, which has been in development since April, will join the growing ranks of USD-backed stablecoins if approved by the New York Department of Financial Services. It is unclear when DFS approval will be granted, but Ripple President Monica Long announced the list of distribution partners at the Ripple Swell conference in Miami on Tuesday. The stablecoin will be available to customers and institutions on global exchanges and wallets including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve,…
DTX Exchange (DTX) has raised nearly $5 million within two months of its pre-sale and has emerged as the top trading platform crypto project. The DTX platform is a trader’s dream. To date, the platform has over 100,000 registrations. The recent testnet launch has increased investor confidence, which is why demand is increasing at this stage. Litecoin (LTC) has suffered from recent volatility, and Solna (SOL) has shown some strength last week but has yet to break through resistance. SOL and LTC holders migrated to DTX Exchange in hopes of better opportunities.Solana (SOL) faces rejection after a week of gainsSolana…
Canary Capital Group has filed to launch an exchange-traded fund to track the price of Litecoin. The company, founded by former Valkyrie Funds co-founder Stephen McClurg, is the first company to apply for such a fund. The current filing form is that the S-1 filing is the first step, but it is meaningless unless it is followed by a 19b-4 filing.Canary Capital Group, a new investment firm focused on digital assets founded by former Valkyrie Funds co-founder Stephen McClurg, is not a follower of crypto exchange traded funds (ETFs), but a world leader. It seems like he wants to be.The…
Asset manager Canary Capital has filed registration documents for its SpotlightCoin (LTC) exchange-traded fund (ETF) with U.S. regulators, according to a document dated October 15.The filing is the latest in a flurry of proposals for ETFs holding alternative cryptocurrencies ahead of the US presidential election in November. According to the filing, Canary’s proposed ETF aims to hold spot LTC and closely track the performance of the CoinDesk Litecoin Price Index (LTX).Litecoin is a decentralized peer-to-peer digital currency that is often used as a fast and low-cost alternative to Bitcoin (BTC) for small payments. Source: U.S. Securities and Exchange CommissionRelated: Canary…
Data shows that the crypto derivatives sector has been hit by a number of liquidations as Bitcoin rises above the $66,000 level. Bitcoin has now recovered to the $66,000 level The past day was a great day for Bitcoin investors, with the price showing a sharp recovery spike and reaching the $66,000 level for the first time since late last month. The chart below shows what the recent price movement of the asset has been. The price of the coin seems to have skyrocketed over the past day or so | Source: BTCUSDT on TradingView The graph shows that this…
Ethereum (ETH), the second largest cryptocurrency by market capitalization, continues to be in a mixed bag as a variety of factors influence its price and adoption. Recent developments in ETFs, network upgrades, and market trends paint a complex picture for major smart contract platforms.Ethereum ETF’s woes revealed: Overwhelming performance in the US marketThe launch of the Spot Ethereum ETF in the US, once heralded as a major milestone, fell short of expectations. Since their approval in July, the nine Ethereum ETFs have seen declining flows and lackluster performance. “I’ve been wrong so far. I’ve been too bullish,” Bloomberg Intelligence analyst…