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Disgraced former Philippine mayor Alice Guo has been linked to the defunct Atom Asset Exchange, which laundered and stole millions of dollars in customers’ crypto assets in 2022. The connection comes as Guo is on trial for human trafficking and fraud, Rappler reported. Investigations into her activities revealed links to illegal gambling, human trafficking, and even Chinese espionage. According to CNN and Rappler, Mr. Guo made headlines in early March when his ties to a financial slavery ring were revealed. The operation, located near Bambang’s mayor’s office, housed nearly 1,000 employees, many of whom were trafficked and forced to participate…
NEW YORK (AP) — U.S. stocks are climbing to new all-time highs Monday.The S&P 500 rose 0.6% in morning trading, breaking a record set on Friday. As of 10:10 a.m. ET, the Nasdaq Composite Index was up 1%, led by gains in Nvidia, Apple and other big tech stocks.But on Wall Street, almost as many stocks were falling as they were rising, with the Dow Jones Industrial Average slipping 37 points, or 0.1%, from its record set last week.Trading remained relatively quiet in Europe, but the U.S. bond market remained mixed as the market was closed for the holiday.The strongest…
Dogecoin DOGE/USD is showing signs of activity with positive on-chain indicators and a bullish chart pattern, reflecting the meme coin’s potential for upside in the future. What happened: Crypto analyst Ali Martinez tweeted a “buy” signal for Dogecoin. Another trader compared DOGE’s current performance to the previous cycle and said it started with four consecutive green weeks, followed by two red weeks. He said the bull market started 175 days after the halving, but now appears to have started 140 days after the halving. He predicts it’s unlikely we’ll see more red in the future. DOGE rose 1.1% to $0.113…
Bitnomial Exchange, LLC filed a complaint with the U.S. Securities and Exchange Commission (SEC) and its commissioners on October 10th. The lawsuit challenges the SEC’s classification of XRP as a security. The lawsuit was filed in the United States District Court for the Northern District of Illinois, seeking declaratory and injunctive relief to prevent the SEC from exercising jurisdiction over digital asset futures. The exchange believes that such actions by regulatory agencies should be overseen only by the Commodity Futures Trading Commission. Bitnomial, a CFTC-approved designated contract market, came into the spotlight after the SEC opposed its plan to list…
Stablecoin market capitalization has trended across multiple blockchains over the past week. The total market capitalization of all chains has reached $172 billion, just $15 billion away from the all-time high of $187 billion set in 2022. After UST’s bankruptcy, its total market capitalization fell to $157 billion.Stablecoin market capitalization | Source: DefilamaAccording to DefiLama, the Ethereum stablecoin limit increased by 0.69% to $84.869 billion, with USDT accounting for 55.49% of the stablecoin dominance. TRON increased by 0.39% to $60.184 billion, with USDT accounting for 98.26%.Distribution of stablecoins across chains | Source: DefilamaThe stablecoin limit on Binance Smart Chain increased…
As Ethereum (ETH) faces increasing challenges in the crypto market, Mpeppe (MPEPE) is emerging as a dominant force. Experts predict that MPEPE could deliver similar returns to Shiba Inu (SHIB) due to its unique approach to decentralized gambling and integration of DeFi protocols. As more investors realize the potential of MPEPE, the token is poised for significant growth. Ethereum (ETH) woes drive investors towards Mpeppe (MPEPE) Ethereum (ETH) has been dealing with high gas fees, network congestion, and competition from new blockchains. These issues have led some ETH holders to look for alternative investments, and MPEPE quickly gained attention. By…
Bitcoin BTC/USD and Ethereum ETH/USD exchange-traded funds (ETFs) saw a surge in inflows last week, totaling $407 million. This inflow was primarily driven by changing political winds rather than monetary policy considerations. What Happened: A shift towards the Republican Party, which is perceived to be more crypto-friendly in the wake of the recent US Vice Presidential debate and subsequent polling, immediately boosted both capital inflows and prices. said James Butterfill, head of research at CoinShares. The political fallout overshadowed strong economic indicators and had minimal impact on stemming the flow, analysts said in a report on Monday. As expected, given…
In a groundbreaking development in the AI and blockchain space, Laika AI officially announces a strategic partnership with Eternal AI, a decentralized network of AI chains designed to support advanced artificial intelligence programs. did. The partnership is expected to significantly improve the efficiency and effectiveness of decentralized finance (DeFi) applications by integrating cutting-edge AI tools with blockchain technology. The partnership between these two organizations is a pivotal moment for both industries, as it combines Leica’s AI-based insights with Eternal AI’s decentralized infrastructure to drive innovation in the blockchain ecosystem. Laika AI specializes in providing AI-driven insights and analytical tools, with…
As the digital asset space continues to evolve, many have noted the gap between investing in cryptocurrencies and widespread adoption of consumer applications. Anthony Moro, CEO of Provenance Blockchain Labs, shared his thoughts on these challenges ahead of his appearance at the Benzinga Future of Digital Assets Conference. Deploying encryption: Overcoming business and operational hurdles When asked why crypto applications haven’t reached the level of adoption that many initially expected, Moro highlighted several obstacles. “Historically, there has always been some trepidation from more conservative companies regarding the regulation and investor protection of cryptocurrencies, (but) that is no longer the case.…
Singapore recently achieved a significant milestone of $1 billion in stablecoin payments, reflecting growing adoption. Stablecoins are quickly emerging as a key solution for businesses looking to streamline their payment processes, with Singapore recently reaching the $1 billion milestone in stablecoin payments. Stablecoins are increasingly being adopted in everyday transactions, especially in the e-commerce sector, as a stable alternative to both traditional fiat currencies and volatile cryptocurrencies. According to a recent survey, 64% of consumers are willing to use cryptocurrencies and stablecoins for payments, and more retailers plan to accept them in the coming years. These digital currencies are tied…