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news-imageNovember 8, 2024

Inside The $1.6M Crypto Scam: 81 Arrested After Scammers Made This Mistake

Crypto scams have surrounded the industry, where scamming incidents have grown exponentially. The most recent news from South Korea uncovered a new type of investment scam.
Publisher: Coingape
Sentiment: Negative
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cover-imageCrypto news
November 8, 2024

FTX sues Crypto.com to recover millions linked to Alameda Research

FTX has filed a lawsuit to recover over $11 million from a Crypto.com account allegedly controlled by its sister company, Alameda Research. The lawsuit, detailed in a court document dated Nov. 8 and obtained by crypto.

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Positive
cover-imageCrypto Economy
November 8, 2024

dApps Outshine in Blockchain Revenue, Driven by DEXs and Speculative Trading

TL;DR dApps led blockchain revenue generation in October 2024, raising $164 million out of a total of $182 million generated. The majority of these revenues come from trading bots and decentralized exchanges (DEXs) related to speculative trading. Despite the growth, the Binance Research report highlights the lack of investment in blockchain infrastructure.

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Positive
cover-imageCrypto Economy
November 8, 2024

Binance Labs Ventures into Decentralized Science with BIO Protocol Investment

TL;DR Binance Labs has made its first investment in the decentralized science sector with BIO Protocol. BIO Protocol allows scientists, patients, and investors to collaborate in the development and ownership of new medical treatments. With the support of Binance Labs, BIO seeks to expand its network of BioDAOs and enhance its infrastructure.

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Negative
cover-imageCryptonews
November 8, 2024

California Permanently Revokes BlockFi's Lending License Two Years After Bankruptcy

The California DFPI revoked BlockFi's lending license for unsafe lending practices and violations of the California Financing Law. Following investigations, BlockFi agreed to surrender its license amid bankruptcy, reflecting heightened regulatory oversight in the evolving crypto lending sector. The post California Permanently Revokes BlockFi's Lending License Two Years After Bankruptcy appeared first on Cryptonews.

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Neutral
cover-imageBitcoin
November 8, 2024

QCP Capital: Trump's Election Win Impacts Crypto and Treasury Markets

QCP Capital reports that the 2024 U.S. presidential election outcome is significantly influencing both cryptocurrency and treasury markets. QCP Highlights Trump Victory's Effect on Bitcoin and Treasury Yields Highlighting a Positive Feedback Loop According to QCP Capital's latest market updates, Donald Trump's success in the 2024 presidential race has sparked notable financial shifts.

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Positive
cover-imageCrypto Reporter
November 8, 2024

Detroit to accept cryptocurrency payments for taxes and fees

Detroit will become the largest city in the United States to accept cryptocurrency payments through a secure platform managed by PayPal, city officials announced. The option will become available in mid-2025, along with additional improvements to city payment services, said Treasurer Nikhil Patel.

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Negative
cover-imageCryptonews
November 8, 2024

Abkhazia Says It Has Shut Down ‘All Large Crypto Mining Farms'

The de facto nation of Abkhazia claims it has shut down all “large” crypto mining “farms” on its territory. The post Abkhazia Says It Has Shut Down ‘All Large Crypto Mining Farms' appeared first on Cryptonews.

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Positive
cover-imageCoinspeaker
November 8, 2024

Binance Grabs Top Spot as Asia's Fintech Innovator in 2024

Binance has been recognized as the top crypto infrastructure provider in the 2024 Asia FinTech Innovators list by Fortune Asia, highlighting its leadership in the blockchain and crypto sector.

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Positive
cover-imageAltcoin Buzz
November 8, 2024

Lamborghini Brings NFTs to Base with Fast ForWorld

It's a place where fans can come together, experience the thrill of racing, and drive digital versions of Lamborghini's powerful cars. This new hub will be filled with activities and games to keep fans on the edge of their seats.

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Neutral
cover-imageThe Cryptonomist
November 8, 2024

CEX vs DEX: which type of crypto exchange to choose?

To trade digital assets, crypto world users must know how to choose between using CEX (centralized exchanges) or DEX (decentralized exchanges). The former are usually more liquid and structured, while the latter offer a wide variety of choices and autonomy.

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Negative
cover-imageCryptoSlate
November 8, 2024

Bankrupt FTX targets Crypto.com in $11 million lawsuit amid recovery effort

Bankrupt FTX has filed a lawsuit to recover at least $11 million held in a Crypto.com account linked to its sister company, Alameda Research, according to a Nov. 8 filing. FTX alleges that before filing for bankruptcy, Alameda held an account at Crypto.com registered under the name Ka Yu Tin, also known as Nicole Tin.

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Positive
cover-imageYahoo Finance
November 8, 2024

Crypto traders thrilled about Trump: Coinbase exec.

Former President Donald Trump is on his way back to the White House after securing a victory in the 2024 presidential election on Tuesday, triggering a broad market rally. While various sectors are reacting positively to the news, the cryptocurrency market is set for significant gains under his administration.

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Negative
cover-imageCryptonews
November 8, 2024

Nigerian Authorities Fine Two Crypto Firms $30,000

Nigerian authorities have fined two crypto firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, $30,000 for illegal USDT-to-Naira transactions, continuing the EFCC's crackdown on unlicensed crypto trading in the country. The post Nigerian Authorities Fine Two Crypto Firms $30,000 appeared first on Cryptonews.

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Negative
cover-imageCryptopolitan
November 8, 2024

FTX sues Crypto.com to recover $11.4M linked to Alameda Research

Bankrupt exchange FTX has sued Crypto.com to recover Alameda Research funds. In a lawsuit filed before the US Bankruptcy Court for the District of Delaware, FTX claims that Crypto.com holds $11.4 million belonging to its sister trading firm Alameda and has refused to return it.

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Positive
cover-imageFinbold
November 8, 2024

Analyst highlights next 30x opportunity as liquidity flows into altcoins

Analysts weighed in as Bitcoin (BTC) shows strong momentum, expecting liquidity will soon “start to flow into altcoins.” While some highlighted Bitcoin's growth limitations, others have identified 30x-return opportunities with solid altcoins, warning against settling for 30% gains.

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