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Pig butchering scams are a rapidly growing form of fraud where victims are lured into fake cryptocurrency investments, resulting in devastating financial losses. These scams often begin with seemingly innocuous interactions via social media, dating apps, or random text messages.Both Wire and Independent Community Bankers of America warn that these scammers are often people who have been forced to work for these criminals. Many of these scams are organized by sophisticated criminal organizations operating in Southeast Asia, particularly in regions such as Myanmar, Laos, and Cambodia, where illegal casinos and unregulated borders create fertile ground for money laundering activities. Masu.…
The European Central Bank (ECB) has published a research report examining the relationship between monetary policy, money market funds (MMFs), and stablecoins. While people often see stablecoins as a safe haven in turbulent crypto markets, the ECB concludes that this is not the case. It was also found that US monetary policy is a major factor determining the amount of stablecoins. “Monetary policy, particularly the US dollar, is the linchpin that connects crypto markets and traditional financial markets,” the authors write. The analytical model examines a period of up to 12 weeks post-event and finds that stablecoin market capitalization declines…
Ethereum’s new proposal aims to improve performance by 50%. If approved, ETH could help close the throughput gap with other top L1s. Ethereum (ETH) researchers have made important suggestions to improve the platform’s performance. The proposal, known as EIP 7781, aims to improve throughput performance by 50%. Main changes proposed for Ethereum Ben Adams, a contributor at Netherminds, an Ethereum execution client, forwarded this proposal. He proposed reducing the slot time from 12 seconds to 8 seconds. For context, Ethereum PoS (Proof of Stake) is designed to propose blocks every 12 seconds called slots. For each slot, a validator is…
Litecoin hashrate increased by 2.88% in the past 24 hours, ensuring strong stability of the network. The circulating supply of Litecoin exceeds 75 million coins, and only 9 million coins are mined. In October 2024, the Litecoin hashrate is close to 1.23 PH/s, clearly reflecting the strength of the network and stable mining activity. According to Litecoin’s official tweet, this hashrate has increased by approximately 2.88% in the past 24 hours, demonstrating the continued resilience of the network. Currently, the block height is over 2,769,000, the Litecoin difficulty is 41,650,000, and a block is generated regularly every 2 minutes and…
WallitIQ (WLTQ)’s pre-sale whitelist is filling up at lightning speed as whales offload Ripple (XRP) and Binance Coin (BNB). As the world of cryptocurrencies buzzes with the latest market movements, two giants, Ripple (XRP) and Binance Coin (BNB), have seen large investors, or “whales”, sell off their significant holdings. I can see it happening. This shift comes as these whales rush to secure spots on the WallitIQ (WLTQ) presale whitelist, which is filling up at lightning speed. The excitement is palpable as WallitIQ (WLTQ) promises to be the future of crypto wallets with a ground-breaking pre-sale offering and a wealth…
Discover altcoins. Lunex Network aims to outperform Dogecoin and Shiba Inu in the current market conditions. In what looks like a bearish start to October for cryptocurrencies, Dogecoin and Shiba Inu Coin have recorded sharp declines, erasing significant gains. Meanwhile, the pre-sale of Lunex Network (LNEX) has been flooded with investor interest due to its hybrid cross-chain exchange. Analysts now believe that this new altcoin has the potential to topple SHIB and DOGE in the next bull market. Let’s see why! Lunex Network, DeFi crypto and swap exchange platform with revenue sharing model The Lunex network protocol stands out due…
On the other hand, expectations are rising across the cryptocurrency market for a price spike in October of this year, commonly referred to as the “Uptober,” and investors are therefore wondering what crypto whales, which are large holders of cryptocurrencies, have recently seen. I pay close attention to how they behave. . The trends of such holders are very important because their investment choices highlight when and where great opportunities arise. According to recent insider reports, Whale appears to be selectively investing in three coins: Ethereum (ETH), Lexus Finance (RXS), and Ripple (XRP). In this article, we will analyze why…
MetaNova Verse, a leading blockchain technology company, introduces breakthrough innovations in layer 1 chain protocols and ecosystem design aimed at revolutionizing the transition from Web2 applications to Web3 decentralized applications (dApps). Announced. These advancements place MetaNova Verse at the forefront of the decentralized space, providing solutions to current and future challenges in decentralized finance (DeFi). The platform’s blockchain technology is built on the pillars of speed, security, and sustainability. MetaNova Verse focuses on fast transactions and high throughput, making it particularly suited for industries such as supply chain management, financial services, and gaming where real-time interactions are critical. The company…
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. Technical analysts know that a death cross involving the 50-day and 200-day exponential moving average (EMA) is a…
The weekend rally sent Bitcoin prices soaring 4%, setting a local high just below $64,000 on Monday. Although this move seemed like a bullish development and created a bullish move for the crypto market, this is not the case. Over the past 8 hours, BTC has returned 1.4% and is likely to reverse its gains. In this article, we explore Bitcoin price predictions and what to expect next. Bitcoin Price Analysis: What’s Next for BTC? The 4-hour chart of Bitcoin (BTC) shows a clear retest of the daily resistance zone ranging from $63,987 to $65,044. Rejection of this level could…