Posts

Tether blacklist saved shareholders defrauded by bank CEO

When Shan Hanes, the former CEO of Heartland Tri-State Bank, was sentenced to 293 months in prison for his part in an embezzlement scheme that saw him direct over $47 million dollars into a “pig butchering” scheme, it was assumed that the failure of the bank would lead to a “complete loss of equity for investors.” However, thanks to the intervention of Tether and its willingness to blacklist addresses, those investors will receive compensation. An Amended Judgement filed today notes that Hanes was forfeiting his claim to funds held in 0xef2797225aCEF65d583F157bbAf023C290D0e7dB , an Ethereum address that the judgment notes is “held by or under the care or custody of Tether Limited.” Checking this address in the tether token contract allowed Protos to confirm that it has been blacklisted by Tether and can no longer transact using the tether token. CHART: Tether has attracted US government action 19 times Read more: Tether gives FBI peek behind the curtain Fortu
Post a Comment
Read more

Chainlink, SWIFT and UBS Announce Successful Pilot for Settling Tokenized Asset Transactions on Swift Network

SWIFT, UBS Asset Management and blockchain oracle provider Chainlink (LINK) have joined forces to successfully complete a pilot for settling tokenized transactions on the Swift network. According to a new announcement from Swift, the initiative allows for digital asset transactions to settle off-chain with fiat payment systems all over the world. The aim of the pilot was to address problems in traditional finance operations, including delayed settlements and real-time transparency. It utilized Chainlink and Swift to settle subscriptions and redemptions for tokenized investment vehicles. Says SWIFT head of Strategy Jonathan Ehrenfeld, “For digital assets to be adopted globally, they must seamlessly integrate with both existing payment systems and digital currencies. Our work with UBS Asset Management and Chainlink in MAS’ Project Guardian leverages the global Swift network to bridge digital assets with established systems. This initiative aligns with our strateg
Post a Comment
Read more

Currency: Donald Trump Reveals New Threat To The US Dollar

Image
The ongoing US elections are heating up as the two leading candidates continue to make new revelations. Former US president Donald Trump has once again taken the world by storm, unveiling a new threat to the US dollar that has been eroding its prestige and hindering the currency’s global expansion. Also Read: How High Bitcoin(BTC) May Pump If Trump Wins The US Elections? A New Threat To The US Dollar Per Donald Trump Source: NBC News In one of his earlier conferences, Trump was noted for sharing a new threat that has lately been gnawing at the US dollar. Speaking about it at length, Trump revealed how the current US government’s behavior has been slowly eroding the dollar , as opposed to Bitcoin, which mistakenly gets accused of being the financial system challenging the US dollar. In addition, Trump had also revealed plans to fire Gary Gensler, the current SEC chief, and appoint a new chairman to smooth financial policies and efforts. “Bitcoin is not threatening the dollar; the behavi
Post a Comment
Read more

‘The Stage Is Set’ – Real Vision Analyst Jamie Coutts Says Several Metrics Flashing Green for Bitcoin

Image
Real Vision analyst Jamie Coutts says that the stage is being set for a crypto bull market as multiple indicators turn bullish. On the social media platform X, Coutts says nearly every metric he uses to measure the health of the Bitcoin market cycle is no longer in “overheated” territory, boding well for BTC. “Over the past seven months, Bitcoin’s consolidation has significantly cooled valuation metrics that were overheated in Q1. With the exception of Open Interest at an all-time high (100th percentile), nearly every metric – from MVRV (market value to realized value) and Puell to LTH SOPR (long-term holder spent output profit ratio) and Network Value to Addresses – has reset below the 50th percentile. Much of the sell-off was driven by excess leverage in the derivatives market, mainly on the long side, and that overhang has finally cleared. In September, we saw a classic reload signal with the Puell Multiple briefly hitting oversold, while network security re
Post a Comment
Read more

6 Best Altcoins To Watch Today November 2 – Algorand, Toncoin, Nexo, Cardano

Image
Altcoins ALGO and TON have stirred interest in a potential collaboration, generating positive sentiment among community members and investors. According to crypto analysts, these tokens are on course for a bullish trend. Meanwhile, other altcoins are also experiencing positive price trends. Here are the best altcoins to watch today for those looking to capitalize on the current market optimism. 6 Best Altcoins To Watch Today  Algorand has recently partnered with World Chess to integrate blockchain technology into the chess community. Meanwhile, the TON Foundation has launched the Society DAO, a governance model promoting decentralized management within the TON ecosystem. Nexo, established in 2018, is a digital asset platform that offers services to help users grow, manage, and safeguard their cryptocurrency investments.  Monero, created in 2014, was designed to enable private and anonymous transactions. FreeDum Fighters is an emerging meme coin project combining political satire wi
Post a Comment
Read more

Top Crypto Gainers Today Nov 01 – SIGMA, Big Time, Arkham, Celestia

Image
Investors in the crypto market often feel overwhelmed by constant changes and uncertainty, all while searching for opportunities that promise substantial returns. With so many tokens to choose from, finding the ones that truly stand out can be tough. This article addresses these concerns by analyzing unique top crypto gainers and bringing potential projects directly to your table for consideration. It offers insights into their performance and impressive attributes, guiding you toward informed investment decisions.   Biggest Crypto Gainers Today – Top List Arkham has captured attention with a 4.11% surge, fueled by its exciting partnership with Phantom Wallet that boosts user experience in blockchain analytics. Meanwhile, Celestia is celebrating its first mainnet launch anniversary with a modest 3.35% jump, showing its advancements in scalability. With SIGMA skyrocketing 28.81% and Big Time climbing 6.25%, there’s a lot to uncover about what’s fueling these impressive gains. Let’s d
Post a Comment
Read more

Dogwifhat Price Prediction: WIF Plummets 7% As Investors Pivot To This Innovative Meme Coin Rival For 10X Potential

Image
The Dogwifhat price plummeted more than 7% in the last 24 hours to trade at $2.36 as of 11:33 p.m. EST as investors offload their holdings in the meme coin . With the recent drop in the WIF price, the altcoin’s weekly performance has also been pushed into the red zone by more than 6%.  Dogwifhat Price Might Retest A Key Support 4-hour chart for WIF/USD (Source: GeckoTerminal ) The Dogwifhat price slid below the $2.4712 support in the last few hours, and could be at risk of testing the subsequent technical crutch at $2.2421 if the bearish pressure persists. WIF has tested the $2.2421 mark twice in the last week, with both attempts being followed by a rebound. Should history repeat itself with this next retest, the Dogwifhat price might recover and try to reclaim the $2.4712 support. Thereafter, a 4-hour candle close above this key price point could then give the meme coin the foundation needed to keep rising in the short term. WIF might subsequently try to flip the $2.7180 resis
Post a Comment
Read more

Will $SUI Crypto Reach New Highs as Bitcoin Approaches All-Time Records?

Image
With Bitcoin nearing its all-time high and entering a promising price discovery phase, a surge is evident across the crypto market. Various coins, including altcoins and meme tokens, are experiencing substantial upward movement, reflecting positive market momentum. Among them, $SUI coin has attracted attention, showing remarkable growth with a recent rally from $1.62 to $2.08 within seven days. Analysts suggest that Sui might soon retest its all-time high, potentially reaching valuations around $6-9 billion. Sui is quickly establishing itself as a standout player among new networks in the crypto space. Recently, the coin garnered attention by attracting a remarkable $8.6 million investment. This substantial funding boosts Sui’s standing and prominence in the highly competitive digital currency market. $SUI Crypto Price Prediction As of today, October 31, $SUI is currently priced at $2.02, with a 24-hour trading volume of $708.4 million and a market capitalization of $5.50 billion.
Post a Comment
Read more

Magic Eden Remains The Leading NFT Marketplace In October 2024, With +400K Users

Image
Magic Eden, a renowned cross-chain non-fungible token marketplace, has once again solidified its position as the leading marketplace for non-fungible tokens in October 2024, capturing 29% of the total market share with a trading sales volume of $98 million. Magic Eden NFT market platform significantly grew in popularity and became the leading NFT marketplace earlier this year. Magic Eden Takes Lead In Trading Sales Volume In October 2024 Data compiled by Tiexo.com, an on-chain non-fungible token market explorer and an analytics hub, Magic Eden is again the leading NFT marketplace in October 2024. In the past 30 days, the NFT marketplace has amassed a trading sales volume of $98 million, representing 29% of the total market share. This marks Magic Eden’s 8th consecutive month as the top NFT marketplace. Launched in September 2021, Magic Eden is a multi-chain digital market platform supporting non-fungible tokens on Solana, Ethereum, Polygon, and Bitcoin blockchain networks. Rece
Post a Comment
Read more