#cryptonewstoday

[coinatory]

Canadian Police Utilize Chainalysis Reactor to Combat Crypto Scams and Aid Victims in Fund Recovery

The Lethbridge Police Service (LPS) in Canada is leveraging technology to combat crypto scams and aid victims in recovering their funds. By using Chainalysis Reactor, law enforcement aims to track crypto transactions and retrieve stolen funds. The software can identify and categorize numerous addresses, both legal and illegal, including those involved in criminal activities. To achieve this, the police will rely on a certified blockchain analysis investigator from the Economic Crimes Unit. The Chainalysis Reactor software enables detailed tracing of crypto transactions, making use of the transparency of public blockchains like Ethereum and Bitcoin, which are often used for these stolen tokens. During investigations, relevant data will be inputted into the program, which will systematically trace the flow of funds from victims'

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[wecoinverse]

Participant Secures $11 Million in Blur Token Rewards During Season 2 Airdrop at NFT Marketplace

[easycryptonotes]

🚨 Breaking News: SEC Requests Court Inspection of Binance US 🏛️🕵️‍♂️

In a significant legal move, the U.S. Securities and Exchange Commission (#SEC) has formally requested a court-ordered inspection of Binance US. This development underscores the regulatory scrutiny faced by cryptocurrency exchanges in the United States. Stay tuned for more updates as this story unfolds.

[coinatory]

Trust Wallet Token's Unexpected Rise

This week, Trust Wallet's token (TWT), which is ranked 89th in the crypto world, shot up by 22%! That's way more than most of the digital currency market. Just a week ago, it was trading at $0.773, but as of now, it's at $0.946. And in the last 24 hours alone, it's climbed by over 5%. Interestingly, while TWT saw this impressive rise, the entire crypto market's value barely moved, increasing by less than 0.5%, based on what we saw on CoinGecko. The price jump seems to have been influenced by Trust Wallet's latest update to their browser extension, which now allows for Ethereum Virtual Machine (EVM) swaps. Also, they've hinted at another surprise that they'll be revealing soon, but they've kept us in the dark about what it is. A bit about Trust Wallet: It's a wallet that supports multiple chains and lets users have full control

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[coinatory]

Crypto Titans Unleash $80 Million in Political Arena to Forge Pro-Innovation Future

Pro-crypto political action committees (PACs) have successfully gathered $80 million in support of candidates who advocate for favorable cryptocurrency policies and innovation. Reported by Politico, three significant PACs — Fairshake, Protect Progress, and Defend American Jobs — have received substantial backing from leaders in the cryptocurrency sector such as Coinbase, Ripple, and Andreessen Horowitz, demonstrating their commitment to influencing the political landscape. These funds are actively being deployed. For instance, in West Virginia, Defend American Jobs, a group supported by cryptocurrency funding, contributed $1.5 million to support Governor Jim Justice's campaign. Governor Justice, praised by former President Donald Trump for his dedication to various conservative initiatives, has intertwined his Senate campaign w

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[coinatory]

Robert Kiyosaki Forecasts the Rise of Cryptocurrencies and Warns of Impending Economic Crisis

Robert Kiyosaki, best known for his book 'Rich Dad Poor Dad,' recently expressed optimism about the role of cryptocurrencies in the future of finance. The author anticipates that Bitcoin could surge to $120,000 in the coming year and cautions about an impending economic crisis, suggesting that digital currencies could serve as financial refuges. Kiyosaki took to social media platform X, formerly known as Twitter, ahead of the TOKEN2049 crypto conference scheduled for September 18-19, to share his bullish views on cryptocurrencies. He believes that traditional forms of money, particularly the U.S. dollar, are nearing obsolescence. He's also confident in Bitcoin's ability to recover from market slumps, attributing potential price increases to the upcoming halving event. Despite his claim that green energy initiatives negatively

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[coinatory]

AI's Surge: A Double-Edged Sword for the U.S. Economy

In a time when technology's rapid growth takes center stage, AI stands out both as a symbol of progress and a catalyst for economic inequality in the U.S. Over the last five years, there's been a massive 266% uptick in AI use, pushing a team of economists to study its effects more closely. Using a detailed survey from 2018 that covered almost half a million companies, they provide a multi-faceted view of the country's AI environment. This research, shared through the National Bureau of Economic Research, breaks down the AI-driven economy, zeroing in on five core technologies: self-driving cars, machine learning, machine vision, natural language processing, and voice recognition. Back in 2018, less than 6% of companies used these innovations. However, the number soared among bigger companies, especially the giants with more than

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[coinatory]

Litecoin Network Celebrates 200 Million Transactions Milestone

On December 22, the Litecoin network achieved a significant milestone by processing its 200 millionth transaction, indicating rapid growth with over 10 million transactions handled. A day prior to this achievement, Litecoin (LTC) reported a remarkable performance in a post dated December 21. As a cryptocurrency designed for fast, secure, and cost-efficient transactions, Litecoin observed more active addresses than the combined total of Bitcoin (BTC) and Ethereum (ETH) in the preceding 24 hours. This included an extraordinary count of 1.4 million on-chain transactions in a single day. In line with these developments, IntoTheBlock, a market intelligence platform, reported a resurgence in Litecoin's activity. Since early December, Litecoin's daily active addresses have been consistently exceeding those of Ethereum. As of the latest

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[coinatory]

Google vs. AI Fraudsters

On Monday, Google initiated a legal battle in a San Jose, California, district court against certain parties. These entities are accused of exploiting copyright laws and the excitement surrounding artificial intelligence to conduct Facebook scams. Court documents, as per Reuters, reveal that the scammers employed social media and counterfeit advertisements featuring Google's logo. These ads misled individuals into downloading harmful software, masquerading as the latest version of Bard, Google's premier AI platform. The lawsuit mentions two unidentified persons or groups. Google's statement highlights that one group aimed to capitalize on the public's interest in generative AI to distribute malware. The other misused the Digital Millennium Copyright Act (DMCA) to damage competitors by issuing numerous fraudulent copyright

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[coinatory]

Elon Musk's Ambitious Crypto Initiatives for Twitter

Renowned crypto expert CryptosRUs has shared insights suggesting that Tesla and Twitter’s CEO Elon Musk is likely to unveil significant cryptocurrency-related projects in 2024. During a live session on October 27th, CryptosRUs hypothesized that Musk has plans to convert Twitter into a "financial application", potentially outperforming conventional banking systems while incorporating features for cryptocurrency transactions. Much of this speculation draws from a recent interview Musk gave, which was published by The Verge.Elon has just participated in an interview discussing his plans to transform X into a financial app by 2024. He spoke as if this transformation would revolutionize the entire landscape, encompassing everything from traditional fiat money to securities and even cryptocurrencies. In essence, his ambition is to e

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[coinatory]

ProShares Announces New Short Ethereum Futures ETF

James Seyffart, an ETF Research Analyst at Bloomberg Intelligence, revealed that ProShares is launching a new short Ethereum Futures ETF. Set to begin trading on Oct. 16th with the ticker $SETH, this announcement was made on Oct. 13. This specific ETF's approval hasn't been hastened by the SEC unlike other long and traditional Ethereum futures ETFs. It's worth mentioning that this isn't an unexpected move, as the ETF was among those submitted in August. When a community member inquired about the likelihood of an Ethereum ETF's approval by the first quarter of 2024, Seyffart estimated the second quarter of 2024 instead. Furthermore, on Aug. 4, ProShares joined a wave of Ethereum ETF applications, becoming the 11th firm to do so in that week. This wave began after Volatility Shares filed for its Volatility Shares Ether Strategy

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[coinatory]

Eight Major Exchanges Dominate Global Cryptocurrency Trading

An analysis by Kaiko has found that eight major cryptocurrency exchanges dominate the global digital asset trading scene. These exchanges account for 90% of global trading volume and possess 92% of the market depth. Since the onset of 2023, Binance has been particularly dominant, making up over 30% of the market depth and 64% of global crypto trading volumes. The exchange, led by Changpeng Zhao, has continued to be a significant force in the digital asset market, although its market depth has dipped by about 12% since 2021. Other key players in the cryptocurrency exchange landscape are Coinbase, Kraken, OKX, KuCoin, Bybit, Binance.US, and Bitfinex, listed in decreasing order of their market share. This centralization of trading volume has seen an increase of nearly 6% compared to 2021, where the top eight exchanges managed just

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[coinatory]

USD Coin (USDC) Hits Two-Year Market Cap Low Amidst Banking Crisis and Rising Interest Rates

The market capitalization of the USD Coin (USDC) is presently at its lowest in two years, with experts stating that it hasn't fully rebounded after becoming unpegged to the dollar earlier this year. CoinGecko data indicates that the value of USDC is just over $26 billion, marking its lowest since July 2021 when it was at $25.1 billion. While USDC remains the sixth biggest cryptocurrency in terms of market cap, it has lost ground to its primary competitor, Tether (USDT), which currently has a valuation of $82.7 billion. Last year, USDC had a market value of $56 billion, reinforcing its spot as the second-largest stablecoin. However, the market cap dipped sharply in March 2023 due to a regional banking crisis which led to the collapse of Silicon Valley Bank (SVB). At that time, it was revealed that Circle had kept more than $3

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[coinatory]

OpenSea Leads in Active Traders: Top 10 NFT Marketplaces in 2023

On August 24, Crypto Rank, a platform specializing in crypto market data and analytics, revealed its list of the top 10 NFT marketplaces based on their number of active traders over the past 30 days. Leading the pack is OpenSea, boasting a whopping 229,000 active traders. The platform, which has raised over $425 million across five funding rounds, is known for its diverse NFT offerings. Coming in second is Axie Marketplace with 32,900 traders, showing a significant 52.63% growth from last month. The marketplace, which is linked to the video game Axie Infinity, currently has a trading volume of $1.67 million. Blur takes the third spot, although it has seen a 21.8% drop in traders, settling at 30,800. Despite this decline, its trading volume is a staggering $252.57 million. In a close battle for fourth place, Immutable X

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[coinatory]

Coinbase Engages with Canada's Big Five Banks

Coinbase, the U.S.-based cryptocurrency exchange, is in dialogue with major Canadian banks as it looks to gain a stronger foothold in Canada. This comes amid regulatory challenges the company faces in the U.S. Lucas Matheson, who heads Coinbase’s operations in Canada, told CoinDesk that he’s been actively engaging with top-tier Canadian banks, commonly known as the Big Five—though he didn't name them explicitly. Matheson expressed optimism that Canada's leading banks would start embracing the cryptocurrency ecosystem in the coming quarters. “We have five banks that serve the majority of Canadians, so one of my key objectives is to work closely with these banks to help them get onboard with crypto and support our industry,” Matheson said. Coinbase recently began its operations in Canada after facing legal troubles in the U.S., spec

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