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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…
October 12, 2024 9:09 3 minutes read Cryptocurrency traders unveil stablecoins pegged to the real thingA group of Brazil’s top crypto brokers have come together to launch a new stablecoin pegged to the Brazilian Real, BRL1. Stablecoins are cryptocurrencies designed to maintain stable value, usually through financial backing such as bank reserves or short-term debt. As a low-cost and practical option for investors to enter cryptocurrencies, stablecoins have gained traction around the world, with more than USD 172 billion in transactions.BRL1. Each BRL1 token is worth 1 Brazilian Real backed by Brazilian government bonds. The stablecoin was developed by a…
There was significant downward pressure on the XRP price after the US Securities Exchange (SEC) appealed a court ruling upholding XRP’s insecurity. In response to this, many Ripple investors are now shifting their focus to altcoins with viable, cutting-edge solutions like WLTQ, the native token of the WallitIQ ecosystem. As an artificial intelligence (AI)-powered crypto wallet, WallitIQ (WLTQ) is the future of crypto storage in the DeFi space, giving users, including Ripple investors, trust to safely store and exchange digital assets. We provide a platform where you can. Investors jump on WallitIQ (WLTQ) presale amid falling XRP price Amid Ripple’s…
The excitement surrounding September’s Fed rate cut has been dampened by recent inflation data. Earlier this week, the U.S. Bureau of Labor Statistics reported that inflation rose 2.4% over the past 12 months. This development exceeded expectations and caused a market-wide decline, pushing down the prices of Dogecoin (DOGE) and Toncoin (TON). However, an altcoin maintained bullish traction: IntelMarkets (INTL). Viral AI cryptocurrencies are popular with investors and stand out thanks to the impending transformation of the crypto trading scene. IntelMarkets (INTL): New AI token with potential for significant gains Viral AI cryptocurrency IntelMarkets (INTL) continues to buck the bearish…
Inflation has led to the rise of cryptocurrencies as a safe haven for Latin American economies. As the region’s currencies fall in value, stablecoins and DeFi are rising.Inflation and currency devaluation continue in Latin America, leading to a surge in the adoption of cryptocurrencies.The region accounted for 9.1% of the global cryptocurrency value received from July 2023 to June 2024, receiving nearly $415 billion in digital assets.This puts it slightly ahead of East Asia, according to a recent Chainalysis report.ArgentinaArgentina leads the region with $91.1 billion in total cryptocurrency received in the past year.Stablecoins account for over 61.8% of cryptocurrency…
Natural gas demand is expected to increase rapidly by 2030. Low-carbon fuels will help meet accelerating electricity demand in the United States and abroad, driving strong and increasing cash flow for natural gas infrastructure operators and enabling them to pay their bills. Earn attractive dividends and invest in business expansion. Kinder Morgan (NYSE: KMI) and Williams (NYSE: WMB) are two of the country’s natural gas infrastructure leaders. So for people with less than $1,000 to invest right now, these pipeline stocks look like an easy investment. Expand dividends by paying more fuelKinder Morgan operates the nation’s largest natural gas transmission…
Off The Gird is a popular new game. Credit: Gunzilla Games Off The Gird is the latest little-known player to have garnered a huge audience since its launch thanks to some smart Twitch campaigns featuring big streamers and the fact that it’s a lot of fun to play. It’s like a game. 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 is a brand new battle royale shooter in Early Access that incorporates…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Data shared by popular blockchain detective Whale Alert, which tracks large-scale cryptocurrency transfers, detected several transactions carrying a…
13:05 ▪ 4 minutes read ▪ Written by Michael A. Tether is entering a period of maturity after 10 years as the stablecoin leader with the famous USDT. The company is celebrating its journey by releasing a documentary tracing its global impact. The film, titled “Stability and Freedom in Chaos,” focuses on the large-scale adoption of stablecoins in countries where inflation is rampant. the goal? To show how the USDT crypto has become a real shield against economic instability. How Tether Shaped the Cryptocurrency Market Since 2014, Tether news has roiled the cryptocurrency market. The idea of Brock Pierce and…
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 investors have missed out on opportunities amid endless regulatory battles across various jurisdictions, forcing many investors to diversify their holdings among other projects. 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 the best DeFi protocol for the Ethereum (ETH) network?…