Category: Ethereum

CFTC Announces Record $17.1B in Crypto Enforcement Actions in 2024

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The CFTC secured $17.1 billion in fiscal year 2024, primarily from cryptocurrency enforcement efforts. The collapse of FTX led to a historic $12.7 billion recovery, the largest in CFTC history. Binance was fined $1.35 billion, with CEO Changpeng Zhao personally paying $150 million in penalties. The United States Commodity Futures Trading Commission (CFTC) its historic haul for fiscal year 2024, boasting an eye-popping $17.1 billion in monetary relief. Most of this staggering figure emerged from an intense focus on cryptocurrency enforcement, marking a seismic shift in regulatory oversight. Of the…

Merflodex – Fast, Secure, and Private Crypto-to-Crypto Swaps

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Merflodex: Unlock the Power of Fast and Secure Crypto-to-Crypto Exchanges As the world of cryptocurrency continues to expand, users demand reliable platforms for seamless digital asset exchanges. Merflodex offers a secure and efficient solution for crypto-to-crypto trading, with a focus on speed, privacy, and ease of use. Operating in 53 countries for over three years, Merflodex has earned the trust of crypto enthusiasts worldwide. Why Merflodex Stands Out in the Crypto Space 1. Exclusively Crypto-to-Crypto Merflodex is designed to facilitate quick and easy crypto-to-crypto swaps, eliminating the need for fiat…

Aurora Launches TurboChain and TurboSwap, Transforming TURBO Ecosystem

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Aurora Labs introduces TurboChain and TurboSwap to boost the TURBO ecosystem. TurboChain features low fees, high speed, and Ethereum/NEAR compatibility. Aurora plans to launch 1,000 blockchains by 2025 using Aurora Cloud. Aurora Labs has added two new projects to the TURBO ecosystem: TurboChain and TurboSwap. These innovations are poised to enhance the TURBO community, helping it thrive even further. Aurora collaborated with in developing these projects, leveraging Aurora’s advanced blockchain infrastructure. These new features represent a significant step forward in decentralized finance, making TURBO tokens more useful and supporting community-driven…

Binance Records $2.6B in User Deposits in 2024

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Binance recorded $21.6 billion in user deposits in 2024, solidifying its market leadership. Binance also became the first crypto exchange to surpass $100 trillion in lifetime trading volume. Despite legal challenges, Binance maintained user trust, with most funds staying on its platform. , the world’s largest cryptocurrency exchange by market capitalization, continues to dominate the global crypto space with unmatched growth. In 2024, the company recorded an impressive $21.6 billion in user deposits, a testament to its strong foothold in the industry and the trust it commands among millions of…

Bitcoin (BTC) Price Faces Midterm Correction Below $100K amid High Demand from Institutional Investors

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Bitcoin price is expected to continue rallying in the remaining few days of 2024 fueled by heightened demand. The overall supply of Bitcoin on CEXes has dropped by over 190K in the past two months due to Trump-induced confidence. After hitting a new all-time high of above $108K earlier in the past 24 hours, Bitcoin price has experienced lower bullish momentum. The flagship coin dropped around 3.4 percent in the past 24 hours to trade about $103,741 on Wednesday, December 18, during the mid-London session. Following the heightened Bitcoin’s volatility,…

Mibialorex: A Leading Crypto-to-Crypto Exchange Focused on Continuous Improvement and User Satisfaction

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Mibialorex: The Future of Crypto-to-Crypto Trading with Continuous Platform Enhancement In the fast-paced world of cryptocurrency trading, the ability to find a reliable and efficient platform is crucial for success. Mibialorex has risen to the occasion, offering a secure and seamless crypto-to-crypto exchange that allows users to trade directly between digital currencies, without involving fiat currencies. With over three years of experience and a presence in 53 countries, Mibialorex has proven itself as a trusted name in the crypto space. What truly distinguishes Mibialorex from other exchanges is its unwavering…

Can Baby Doge Coin (BabyDoge) Hit $0.000000010? Korean Market Opens Its Door

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Baby Doge Coin forms a morning star pattern after a 350% rally, hinting at a bullish continuation. KCEX is adding BabyDoge for spot trading, marking its entry into the Korean crypto market. Fibonacci levels project BabyDoge reaching $0.00000001010, offering a 150% upside potential. With Bitcoin price sliding to $104,436 after creating a new all-time high at $106,533, the meme coin market has witnessed a steeper decline. The top meme coins are experiencing a downfall of 0.25% to 4.5%. This reflects a cooling-off period in the market following the . The…

AI Tools Coming to Ripple Ecosystem as Atua Developer Announces $100 Million Fund

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Atua AI plans to accelerate the adoption of AI solutions within DeFi and enterprise operations using Ripple XRP’s efficient and scalable infrastructure. The investment will fund AI model training, research, and development, focusing on real-time analytics and and automated workflows for XRP-based platforms. It also aims to streamline business operations, enhance automation, and improve decision-making processes. The Ripple ecosystem is set to get a major boost as Atua AI developer KaJ Labs has announced a $100 million fund to build advanced AI tools on the Ripple platform. With this move,…

Arthur Hayes: Crypto Market to See ‘Harrowing Dump’ on Trump’s Inaugural Day

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Bitcoin and crypto will crash on January 20, the day Trump takes over. The Bitcoin strategic reserve initiatives is not happening, said BitMEX’s Arthur Hayes. Bitcoin made a new all-time high, breaking $108K for the first time. , a prominent crypto entrepreneur and one of the co-founders of leading crypto exchange BitMEX, stated that on January 20, the day president-elect begins his tenure as the new United States president, the crypto market will witness a “harrowing dump” with Bitcoin and altcoins nosediving significantly after the recent monumental gains. In a…

Bitget COO Calls Regulation Compliance Key to India’s Crypto Growth

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Vugar Usi Zade from Bitget emphasized that legal clarity is essential for crypto market growth, especially in India. Bitget plans to open a local office in India by the end of 2024 to strengthen compliance. Zade highlighted the importance of KYC protocols and AI tools to ensure user security and prevent fraud. The crypto industry is evolving fast, but staying compliant with regulations is key to unlocking its full potential, especially in India. As the crypto adoption grows, ensuring legal clarity is essential for balancing user protection with market innovation,…