The suspect has claimed over 40,000 STRK coins that belonged to victims, before converting them to over $90,000 USDT.
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- Crunch
- Global
Bitcoin traders feel the sting of $160 million liquidations as BTC price returns to levels not seen since February.
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Nigerian fintech firms OPay, Kuda Bank, Moniepoint and PalmPay were directed to pause the creation of new accounts amid an ongoing audit of their KYC processes.
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Charlie Lee, the founder of Litecoin, believes it’s only a matter of time before the U.S. Securities and Exchange Commission (SEC) approves a Litecoin (LTC) ETF for trading on American securities markets. His optimism stems from the recent launch of ETFs for Bitcoin and Ethereum on the Hong Kong stock exchange. According to Lee, Litecoin, like Bitcoin, is a proof-of-work cryptocurrency that could potentially benefit from similar regulatory treatment and be classified as a commodity. However, Lee recognizes that the demand for a Litecoin ETF might not be as high as for Bitcoin ETFs, given that Ethereum ETFs are currently more popular than LTC. Nonetheless, he maintains that Ethereum’s switch to proof-of-stake could lead to regulatory challenges that Litecoin, as a proof-of-work currency, might not face.
CZ’s charges are serious, justified, and “sent a message” to the industry that compliance “must be taken seriously,” says lawyer and RMIT lecturer Dr. Aaron Lane.
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Dogecoin’s open interest saw the steepest decline among the top ten cryptocurrencies by market cap, falling 64% since the start of April.
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The Ethereum co-founder expects “many more improvements” in binary-field-based proving techniques in the months ahead.
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The TVL across real-world asset tokenization protocols has surged almost 60% since February, says blockchain analytics firm Messari.
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Fantom Foundation CEO Michael Kong hopes the blockchain can “replicate the success” of its peers by getting in on the memecoin hype.
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Crypto traders are stressing that the Bitcoin price correction is “exactly what the cycle needs” right now.
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