Bitcoin price extended its increase above $66,000. BTC is now correcting gains below $65,500 and might continue to move down toward $64,000. Bitcoin is correcting gains from the $66,500 zone. The price is trading below $65,250 and the 100 hourly Simple moving average. There was a break below a short-term bullish trend line with support…
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Tether, a stablecoin issuer, said it has collaborated with the U.S. Department of Justice to seize digital assets worth $6 million stolen from victims of crypto confidence schemes. Tether has assisted law enforcement in various jurisdictions, blocking over two billion dollars in USDT and recovering millions for victims. According to the stablecoin issuer, it has…
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The Dutch Authority for the Financial Markets (AFM) has issued a warning about the dangers of pump-and-dump schemes in the cryptocurrency space, as new regulations prepare to target this market manipulation tactic. The upcoming Markets in Crypto-Assets Regulation (MiCAR), effective from Dec. 30 will ban these practices. AFM Sounds Alarm on Crypto Pump-and-Dump Schemes The…
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Frederick Kempe, CEO of the Atlantic Council, highlighted two pressing concerns at the UN General Assembly: the intensifying China-Russia partnership and doubts over US leadership. Alongside former Secretary of State Condoleezza Rice, he warned of mounting global threats, comparing today’s risks to the Cold War. China’s support for Russia and Iran is escalating conflicts, demanding…
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An app on Google Play was discovered stealing cryptocurrency from users, employing advanced social engineering and trusted protocols. Check Point Research exposed the app after it had siphoned $70,000, deceiving over 150 victims. The attackers used the Walletconnect protocol to appear legitimate, manipulating Google search rankings and avoiding detection through encryption and obfuscation techniques. Malicious…
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This editorial is from last week’s newsletter, Week in Review. Subscribe to the newsletter to get this editorial the second it’s finished, which also includes the biggest stories of the week and a comment on each story. Pre-Bull Sentiment Rises This week it felt like the entirety of the crypto industry descended upon the city-state…
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Meme coin PEPE has been on an impressive rally for some time now. Stemming from a broader influx of funds into the meme coin sector and the overall cryptocurrency market that has been in motion for the past two weeks, PEPE is currently up by 38% in the last seven days, outperforming its meme coin…
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Internet Computer (ICP) continues to impress investors as it captures gains despite the market being down a few percent today. According to the latest market data, the token is up 16% since last week, a confirmation for some that ICP will continue to trend upward in the coming days. Despite the market’s undeniable bullishness, a…
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According to data from the Central Bank of Bolivia, operations with crypto assets rose in the last three months after the institution lifted a blanket ban on using the banking system for these transactions. Volumes doubled on average, with stablecoins leading the way and transaction numbers also rising. Bolivia Experiences a Crypto Renaissance After Lifting…
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A former lawyer with the U.S. Securities and Exchange Commission (SEC) anticipates the agency will challenge Judge Analisa Torres’ decision regarding XRP in the Ripple lawsuit. The SEC views the ruling as flawed and is likely to submit an appeal before the approaching Oct. 7 deadline. Ripple XRP Case: SEC Expected to Appeal Judge’s Ruling…
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