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Ripple Trading Volume Increases 40% Quarterly Amid Ongoing SEC Lawsuit

Key Points: Ripple's Q1 2024 report reveals a substantial 40% surge in Ripple trading volumes to $865 million. The SEC seeks remedies of approximately $2 billion from Ripple, triggering a vigorous legal battle over disgorgement and penalties. De

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24/7 World Crypto News

Crypto Influencer Thomas John Sfraga Pleads Guilty to Wire Fraud in $1.3 Million Scam

Key Takeaways DOJ alleged that he lured investors with misleading claims such as promising the victims returns on their investments as high as 60% within three months DOJ stated that a majority of the victims were allegedly Sfraga’s friends and

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24/7 World Crypto News

Top Altcoins to Watch for Potential 50-100X Gains in 2024

The post Top Altcoins to Watch for Potential 50-100X Gains in 2024 appeared first on Coinpedia Fintech News As the bull run of 2024 picks up speed, investors are on the lookout for the next big surge in value among lesser-known cryptocurrencies. With pot

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24/7 World Crypto News

GameStop-Hype am Krypto-Markt: Memecoins legen kräftig zu

Er ist wieder da: Keith Gill, das Gesicht der GameStop-Revolte. Auch am Krypto-Markt sorgt sein Comeback für Kurssprünge – um teils mehrere Tausend Prozent.   Source: BTC-ECHO BTC-ECHO

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24/7 World Crypto News

Genesis Debt Repayment: Creditors Get Greater Priority Over DCG

Genesis Global, the bankrupt cryptocurrency lender secured a court approval in order to distribute billions of dollars in digital assets to the creditors. This is the second major announcement of debt repayment to creditors after FTX announced a similar p

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24/7 World Crypto News

Over 80% of Newly Listed Crypto Assets on Binance Have Declined in Value: Data

Over 80% of the newly listed cryptocurrencies on Binance, the world’s largest digital asset exchange by trading volume, have declined in value. In the past six months, these tokens have plunged in value since listing on the exchange, raising concern

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24/7 World Crypto News

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Mastercard’s Start Path Blockchain and Digital Asset program has expanded to include five new startups, aiming to explore innovative uses of blockchain technology. “Digital assets are becoming increasingly mainstream, speeding up commerce with

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Aussie admits to promoting BitConnect crypto services without a license

The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts.

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24/7 World Crypto News

Grayscale Spot Bitcoin ETF Continues to Gain Positive Signals with $31.6 Million in Inflows

Key Points: Grayscale spot Bitcoin ETF has ended a four-month outflow streak, seeing nearly $32 million in inflows during the latest trading session. Despite facing over $17 billion in withdrawals due to higher fees and industry bankruptcies, GBTC

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24/7 World Crypto News

Do We Even Need Bitcoin ETFs

HodlX Guest Post  Submit Your Post   After five years of drama and dozens of rejections, ETFs (exchange-traded funds) based on Bitcoin’s spot price have finally been approved. A total of 11 ETFs are making their market debut, allowing US investor

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24/7 World Crypto News

Chinese Nationals Nabbed in $73 Million Pig Butchering Crypto Fraud

The US Department of Justice (DOJ) has arrested two Chinese nationals, Daren Li and Yicheng Zhang, for orchestrating a massive crypto scam known as “pig butchering.” This scheme led to the laundering of at least $73 million. The arrests hig

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24/7 World Crypto News

Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million

In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in th

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