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In a landmark operation, the US Federal Bureau of Investigation (FBI) has uncovered an alleged widespread cryptocurrency market manipulation scheme involving 18 individuals and four major cryptocurrency companies. The investigation into the incident led authorities to launch their own Ethereum-based token called NexFundAI. The indictment, unsealed in Boston federal court, alleges that the defendants engaged in “wash trading” and other deceptive tactics to inflate the value of various crypto tokens. Wash trading is the practice of creating artificial trading activity to mislead investors, where the same entity both buys and sells an asset, creating the illusion of high demand. The…

HBO’s new documentary “Money Electric: The Bitcoin Mystery,” which aired on October 8th, has sparked heated debate within the crypto community. The film suggests that Canadian Bitcoin developer Peter Todd is Satoshi Nakamoto. However, Todd himself has publicly denied this identification. As Bitcoinist reported today, in response to the documentary’s claims, several experts have come forward to debunk the theory proposed by director Karen Hoback. The director based his conclusion on four arguments. Among those refuting this claim is Dogecoin co-founder Billy Marcus, known online as Shibetoshi Nakamoto. Marcus said to X, “That’s not Brother Peter Todd.” When a user…

Competition for XRP exchange-traded funds (ETFs) has intensified after crypto investment firm Canary Capital filed with the U.S. Securities and Exchange Commission (SEC). The move comes after Bitwise filed an S-1 registration form last week to list its XRP ETF. Canary Capital observed positive signs of a favorable regulatory environment driving investor demand. Canary Capital files for Spot XRP ETF Cryptocurrency investment firm Canary Capital has filed a spot XRP ETF with the U.S. Securities and Exchange Commission (SEC). This new development makes Canary the second potential issuer looking to offer XRP ETFs to customers. The filing comes after Bitwise…

A former SEC attorney recently said this about the SEC’s opinion on the programmatic sales ruling: “The SEC will ‘probably’ appeal Judge Torres’ July 2023 ruling on XRP programmatic sales in the Ripple case, for one reason: ‘There[the SEC’s]We all believe in our hearts that this decision is wrong, not good law, and should be appealed.” In August 2023, the SEC filed an interlocutory motion seeking permission to appeal the Programmatic Sales decision. However, Judge Torres denied the motion in October 2023, forcing the SEC to wait until the final ruling to appeal. XRP Price Trend: What Happens Next? XRP…

The People’s Bank of China on Thursday announced a new swap tool with an initial size of 500 billion yuan (US$70.7 billion) to increase stock market liquidity and “promote the healthy development of capital markets.”The new Securities, Funds and Insurance Company Swap Facility will allow eligible securities, mutual funds and insurance companies to exchange government bonds and central bank bills against the security of their holdings in corporate bonds and exchange-traded funds, according to a statement released to the newspaper. It is said that it will become. People’s Bank of China website.The central bank will start accepting applications immediately and…

18 companies and individuals have been charged with fraud and manipulation in the cryptocurrency market. The charges, unearthed in Boston, concern the executives of four crypto companies, four crypto financial services companies known as “market makers,” and the employees of those companies, the District of Massachusetts said. The prosecutor’s office made the announcement on Wednesday (October 29). 9) Press release. Four defendants pleaded guilty, another agreed to plead guilty, and the remaining three were arrested by authorities this week, the release said. Additionally, more than $25 million in virtual currency was seized and multiple trading bots were disabled, the release…

XRP price remains in a narrow consolidation situation, with traders waiting for a definitive breakout. Despite the temporary price increase, the cryptocurrency remains below its important 200-day moving average, suggesting potential risks. Trading volume remains strong at $1.01 billion, indicating active market interest as XRP approaches key support at $0.50. XRP price remains within a tight consolidation channel as investors and traders focus on the coin’s next major directional move. The cryptocurrency continues to fall in price over the past 24 hours, although the price has increased slightly. Analysts predict further losses unless market conditions change. On Wednesday, Crypto WZRD…

Stock Market Today: The Nifty 50 index continued its correction phase, ending 0.12 per cent lower at 24,981.95 in volatile trade on Wednesday. The S&PBSE Sensex also ended 0.21 per cent lower at 81,467.10. Sectoral indexes were mixed, with real estate and pharmaceuticals gaining, while FMCG and energy sectors declined. Bank Nifty rose intraday following the RBI MPC results but ended 0.03% lower at 51,007.00. But the broader index surprised with a better-than-expected performance, rising more than 1%.Thursday trading settingsNifty ended lower, erasing all of the day’s gains. This means bulls encountered resistance and profit-taking above 25,200, said Deepak Jasani,…

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. The Shiba Inu price chart forms a symmetrical triangle, indicating a period of consolidation. As the volume profile…

Stablecoin Standard introduces a new set of global standards, including GMO-Z.com Trust Company (“GMO Trust”), StraitsX, BiLira, and many others offering G10 currencies including JPY, SGD, TRY, USD Approved by stablecoin issuers. The standard has also been endorsed by major ecosystem participants such as Fireblocks, Solana, Bitstamp, Zodia Markets, and JST Digital. Stablecoin Standards, the industry association for stablecoin issuers from around the world, today announced that its recently announced global set of stablecoin issuer standards will help the industry’s leading stablecoin issuers and ecosystem participants. announced that it was supported by some. Backed by Archblock, BiLira, Bitstamp, GMO-Z.com Trust…