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Showing posts from 2023

Binance collaborates with Royal Thai Police to seize $277M from scammers

  #Binance has partnered with the Royal Thai Police. This collaboration aims to provide technological support and help to trace blockchain transactions to combat digital asset-related crimes in the region. https://t.co/oX9wDS69aS — Binance (@binance) December 26, 2023 Over 3,000 victims of the alleged crypto scammers have come forward to the authorities to file for compensation claims. In an announcement sent to Cointelegraph, Binance said it worked alongside law enforcement agencies, providing intelligence to disrupt the criminal group. The operation, which had the code “Trust No One,” led to the arrest of five alleged key syndicate members and the seizure of various assets worth $277 million. Over 3,200 victims have already contacted the authorities to file for compensation. The Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police collaborated with crypto exchange Binance and United States Homeland Security Investigations (HSI) to take down a crime ring responsible for c

Floki in Hong Kong

  As part of a new and aggressive campaign to strategically position Floki and our sister project TokenFi for dominance in what many believe will be one of crypto’s most explosive bull runs yet, Floki has locked down a strategic and aggressive 2-month marketing campaign in Hong Kong, one of the world’s richest Cities and one of the most significant financial centres. Our new marketing campaign will strategically introduce Floki and TokenFi to millions of Hongkongers during the Christmas and New Year period as well as during Chinese New Year 2024, further cementing Floki and TokenFi’s dominance in Asia while also introducing our brands to millions of new people. This campaign will be seen  over 53 MILLION times  and will feature our brands on two of the iconic Hong Kong Tramcar delivering our brand to premium audiences on prime routing, going through Metropolitan Zones, Central HK financial district, Shoppers paradise and luxury residences, between Quarry Bay and Central. Our brands w

Terra Classic Community Passes Major Constructive Proposal, LUNC And USTC To $1?

  The Terra Luna Classic community has passed another key proposal as they prepare for a revival of Terra Luna Classic (LUNC) and repeg USTC stablecoin to $1.  The proposal aimed at having a guideline for a pay-per-job approach on the Terra Classic chain as core developer L1TF goes into maintenance mode for Q4. Meanwhile, the community is also collaborating on other fronts to keep LUNC and USTC above key support levels as traders started booking profits amid the latest pullback in the crypto market. Terra Luna Classic Passes Pay Per Job Proposal Proposal 11889 “Pay-per-job and governance-ruled Job List” has passed successfully. The proposal deemed the monthly model of roadmap and payment planning as suboptimal and plans to switch to a pay-per-job model. The proposal has received 91.99% “Yes” votes, with others mostly voting “Abstain”. The community believes it will optimize compensation structure, provide flexibility and transparency, boost community engagement, and risk mitigation. A

Raiffeisen Bank International to Launch Crypto Trading Services for Retail Customers

According to CoinDesk, Austria's Raiffeisen Bank International plans to introduce cryptocurrency trading services for retail customers by the end of January 2024.  Initially, the service will be available to customers in Vienna, where the bank is headquartered, in partnership with cryptocurrency exchange Bitpanda.  The two companies signed a letter of intent earlier this year. Curt Chadha, the bank's head of innovation, explained that customers can access BitPanda through the Raiffeisen app on their mobile devices, offering a familiar experience with the same level of security as account-to-account bank transfers.  The bank, which has $215 billion in assets and 7.8 million customers across the European Union and eastern Europe, sees this move as a sign of increasing crypto adoption, especially in areas with clear regulatory guidelines. Chadha stated that the service targets digitally savvy customers who may only want to make small investments, unlike other banks' offerings

No ‘mass exodus of funds’ following Binance

Binance is the safest crypto exchange in the world. Roughly 24 hours following the announcement of a settlement with U.S. officials, Nansen reported Binance’s total holdings increased to more than $65 billion. Blockchain analytics firm Nansen reported that following a settlement for civil and criminal charges against Binance and CEO Changpeng “CZ” Zhao, outflows from the crypto exchange didn’t result in a “mass exodus of funds.” In a Nov. 22 X post, Nansen  said  roughly 24 hours after the United States Department of Justice announced a $4.3-billion settlement with Binance, the exchange has experienced a $956 million net outflow on Ethereum.  However, Binance’s total holdings increased to more than $65 billion. “Withdrawals are continuing, and we’re not seeing a mass exodus of funds,” said Nansen. “ In the past, Binance has processed higher volumes of outflow and negative netflow: Jun 2023 after the SEC sued Binance, December 2022 after insolvency rumors, and the immediate aftermath of

Crypto Analyst Reveals 10 Top Altcoins To Watch This Week

  The altcoins market has recently witnessed a resurgence of interest and confidence, primarily driven by the largest cryptocurrency,  Bitcoin  (BTC) . This renewed enthusiasm has resulted in a bull uptrend, with most of the top 100 cryptocurrencies benefiting from Bitcoin’s resurgence.  However, the market is currently experiencing a correction as Bitcoin and  Ethereum  (ETH) face pullbacks after failed attempts to breach upper resistance lines. Despite this correction, crypto analyst Miles Deutscher shares insights and  highlights  several altcoins with potentially significant gains. SOL Emerges As Safe Haven In Crypto Market Correction Solana has exhibited  remarkable growth , even as the broader market experiences a correction. With a 0.5% gain in the past 24 hours, SOL’s potential for further upside cannot be ignored.  Deutscher suggests that SOL may continue to benefit from the ongoing rotation of investments from other Layer-1 solutions like Avalanche (AVAX) and Fantom (FTM). S

Solana Price Movement

  The FTX Factor In The Solana Price Movement After a significant dip to $51.27, Solana (SOL) is currently witnessing a notable recovery in its market price, currently trading at $55.31 (up 7%). This upswing follows a period of intense volatility, with SOL reaching a peak of $63.80 last Saturday, marking an impressive 270% rally over 61 days, only to drop almost 20% subsequently. FTX has probably been a significant influence on SOL’s price volatility. A report from Lookonchain, an on-chain analysis service, indicates that FTX’s liquidity in SOL has drastically diminished, with Solana worth only $185,000 remaining in their public addresses. “FTX deposited 250,000 SOL ($13.6 M) to Kraken 7 hours ago. Currently, FTX’s public addresses on Solana only have 3,408 SOL,” Lookonchain reported. Crypto influencer MartyParty  commented  on the situation, criticizing FTX’s strategy of liquidating SOL holdings for creditor payments as “one of the most idiotic moves in crypto history.” According to

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