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Ethereum Faces Challenges in Reaching $3,000 Amidst Rising Selling Pressure and Market Trends

Ethereum Faces Challenges in Reaching $3,000 Amidst Rising Selling Pressure and Market Trends

Even with the growing excitement around Ethereum (ETH) this month, it looks like the cryptocurrency might have a tough time reaching the $3,000 mark. This prediction is at odds with what many investors expected, especially after the buzz surrounding “Uptober” at the end of last month. From both on-chain

FBI Launches NexFundAI Cryptocurrency Token to Target Crypto Criminals, Faces Copyright Violation Claims

FBI Launches NexFundAI Cryptocurrency Token to Target Crypto Criminals, Faces Copyright Violation Claims

The Department of Justice has announced that the FBI created a cryptocurrency token called “NexFundAI.” This move is part of their effort to target crypto criminals. Recently, the FBI’s wallet address was leaked, revealing a variety of tokens they hold. Their use of tokens in investigations has led to

Concerns Rise Over $1.3 Billion Sell Pressure on Ethereum Amid PlusToken Fallout

Concerns Rise Over $1.3 Billion Sell Pressure on Ethereum Amid PlusToken Fallout

There are growing concerns about Ethereum (ETH) due to its connection with the notorious PlusToken Ponzi scheme. Some of this ETH might soon be transferred to crypto exchanges. In fact, a small amount has already made its way there, likely for cashing out. As a result, ETH prices have dipped

US Government Identifies Bitfinex as Sole Victim in 2016 Hack, Users Encouraged to File Claims Directly with Exchange

US Government Identifies Bitfinex as Sole Victim in 2016 Hack, Users Encouraged to File Claims Directly with Exchange

In a recent court filing, the US government identified Bitfinex as the “sole victim” eligible for restitution from the infamous 2016 hack. This means that users who lost money during the hack are encouraged to file claims directly with the exchange. The government has recovered billions of dollars related to

Federal Prosecutors Charge Three Crypto Firms for Market Manipulation in Landmark Case

Federal Prosecutors Charge Three Crypto Firms for Market Manipulation in Landmark Case

Federal prosecutors have filed charges against three cryptocurrency companies and their employees for sham trading and market manipulation. The companies involved are Gotbit, ZM Quant, and CLS Global, along with 15 individuals facing serious allegations. In a unique move, federal authorities created a fake token to catch the defendants manipulating

Almost 50% of Traditional Hedge Funds Now Invest in Cryptocurrencies, Up from 29% Last Year

Almost 50% of Traditional Hedge Funds Now Invest in Cryptocurrencies, Up from 29% Last Year

Almost half of traditional hedge funds are now investing in cryptocurrencies. This is a significant jump from 29% last year, according to a recent report from the Alternative Investment Management Association (AIMA) and PwC. Why the change? Increased clarity around regulations and the launch of exchange-traded funds (ETFs) in the

Stripe Reintroduces Crypto Support, Enabling USDC Payments for Businesses Worldwide

Stripe Reintroduces Crypto Support, Enabling USDC Payments for Businesses Worldwide

On Wednesday, Stripe, the global payments leader, made a big move. They announced the return of cryptocurrency support, which marks six years since they stopped accepting Bitcoin payments. Now, businesses can accept USD Coin (USDC) from customers in over 150 countries. Jeff Weinstein, Stripe’s product lead, shared this exciting