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Massachusetts Attorney General Andrea Joy Campbell’s office (pictured) has filed charges and seized the assets of a cryptocurrency fraud company known as Spirebit. Proceeds are now being returned to victims of the scheme. Charles Krupa/AP Hide caption Toggle caption Charles Krupa/AP Alexei Madan never thought that day would come. This week, he received a check for $140,000 in the mail from Massachusetts officials. This was all the money Madan lost in a get-rich-quick cryptocurrency scam. “If all your money was stolen and you never expected it back, how would you feel if it actually came back?” Madan, 69, said. I’m…
The Ethereum whale instilled fear among those involved after releasing approximately 19,000 ETH. However, a more severe pullback is still possible. Ethereum (ETH) experienced a major shock as a prominent ICO Ethereum whale sold 19,000 tokens (over $47.5 million) in just two days, sending ripples through the market. The expected downward pressure from whale activity did not materialize, even though October started with consecutive red candlesticks on the daily chart and ETH failed to reach $2.7,000. Instead, ETH rose about 2% from the previous day, attracting the attention of AMBCrypto. Ethereum whale activity suggests market top The chart below reveals…
Occidental Petroleum (OXY) closed the latest trading at $55.76, representing a +1.77% increase from its previous closing price. This change outpaced the S&P 500’s 0.9% rise on the day. Meanwhile, the Dow Jones Industrial Average rose 0.81% and the tech-heavy Nasdaq rose 1.22%.Shares of the oil and gas exploration and production company rose 1.95% month-over-month, lagging the Oil and Energy sector’s 5.22% gain and the S&P 500’s gain of 3.15%.Occidental Petroleum’s upcoming earnings release will be very interesting for investors. The company is scheduled to report earnings on November 12, 2024. The company’s EPS is expected to be $0.87, down…
Ripple (XRP) Price Analysis | XRPUSD | TradingView The chart shows a bullish engulfing pattern forming on the daily time frame, suggesting that the recent downtrend may be reversing. XRP has also rebounded from the lower Bollinger Band, indicating the asset is oversold and ready for a potential breakout. If XRP manages to break through the $0.55 resistance level, it could pave the way for a rally towards the next resistance at $0.60. The major support remains at $0.50 and if this level fails to sustain, XRP could retest the $0.47 area. The Relative Strength Index (RSI) is currently hovering…
Investment Asset Management Bitwise has chosen to pursue an XRP ETF product at a very strange time. The company recently filed for S-1 registration with the U.S. Securities and Exchange Commission (SEC). The application has already sparked speculation among experts about what its future holds. Many have speculated that regulators will block the filing, a stance informed by recent developments between the SEC and Ripple Labs. Approval of XRP ETF per bit is uncertain About a year ago, Judge Annalisa Torres ruled in Ripple v. SEC that XRP is not a security. With this verdict, the judge awarded a partial…
Social sentiment surrounding meme coins has turned bearish. Market indicators suggested that DOGE was testing significant resistance. After a week of double-digit price declines, Dogecoin (DOGE) has finally regained its bullish momentum. The price of the world’s largest meme coin has increased. But will this trend continue? The Dogecoin whale is on the move! Dogecoin has been a bit of a mess over the past week, witnessing major uptrends and downtrends. To be precise, DOGE’s price has fallen by over 13% in the past 7 days, according to CoinMarketCap. However, in the past 24 hours, the coin’s price has increased…
Ripple unlocked 1 billion XRP tokens on October 1st amid mass unlocks across the crypto market. Solana and Arbitrum will unlock a total of $100 million worth of tokens in October. XRP remains steadily above the $0.5200 support and is struggling to return to the psychologically important $0.60 level. Ripple (XRP) rose 2% on Friday. XRP continues to grow as a result of the U.S. Securities and Exchange Commission’s (SEC) appeal decision on the final ruling in the Ripple lawsuit, Ripple’s $1 billion token unlock on October 1st, and other token unlocks including Solana and Arbitrum this month. , has…
On Friday, the crypto market witnessed a week-long easing of selling pressure mainly caused by geopolitical tensions in the Middle East. With Bitcoin holding $60,000 support, most major altcoins including XRP are rebounding towards a new price rally. Will the reversal develop into a sustained recovery, like with Nvidia stock, or waiting for a rebound and selling? Is it a mistake to sell XRP too soon? Experts point out similarities with NVIDIA stock price surge This week, XRP price saw a notable correction from Thursday’s low of $0.665 to a low of $0.506, accounting for a 23.7% low. This sharp…
BlockDAG is new crypto whale favorite – raises over $2 million in just one day as Stellar and Kaspa face hurdlesBoth Caspa and Stellar have faced significant downturns amid the turmoil in the crypto market, with Caspa’s price falling 5.5% and Stellar falling 10% last month. These declines have had a noticeable impact on the market’s trajectory, slowing Kaspa’s growth and making Stellar’s future uncertain.In contrast, BlockDAG presents a compelling story of success and opportunity. When BlockDAG announced a temporary 50% bonus on BDAG coins available for purchase until October 14th, the cryptocurrency community reacted quickly and enthusiastically. Within the…
At first, Satoshi created Bitcoin, which was good, but no one used it.That’s why it’s especially interesting that the person who mined a huge amount of Bitcoin just a month after Bitcoin was created moved most of it to a cryptocurrency exchange after not touching Bitcoin for over a decade. That’s strange.An “ancient” Bitcoin whale, first identified by crypto analysis firm Arkham Intelligence, moved approximately $3.6 million worth of Bitcoin to cryptocurrency exchange Kraken, according to blockchain data. According to Arkham, the mysterious holder has over 1,189 Bitcoins worth nearly $77 million at current prices.Arkham first pointed out the whale…