Category Archives: Cryptocurrency
Ryan Salame, FTX Executive, Gets Seven and a Half Year Prison Sentence – The New York Times
Ryan Salame, a top executive at the collapsed cryptocurrency exchange FTX, was sentenced to seven and a half years in prison on Tuesday, making him the first of Sam Bankman-Frieds circle of advisers at FTX to receive prison time.
Mr. Salame, 30, a trusted lieutenant of Mr. Bankman-Fried, the exchanges founder, pleaded guilty last year to a campaign finance law violation and a charge of operating an unlicensed money transmitting business. He is one of four top deputies in the FTX empire who have pleaded guilty to crimes since the company imploded in November 2022.
Mr. Salames sentence exceeded the five to seven years that prosecutors had recommended. Defense lawyers had asked for 18 months.
Wearing a blue suit and socks emblazoned with the Bitcoin logo, Mr. Salame stood facing Judge Lewis A. Kaplan as the sentence was read aloud in U.S. District Court in Manhattan. Judge Kaplan called Mr. Salames crimes astonishing.
The state of our political life in this country is in jeopardy, he said. Efforts like that undertaken by Mr. Salame and Bankman-Fried only make matters worse.
Mr. Salame is set to surrender on Aug. 29. His lawyers requested that he serve his sentence at the federal prison in Cumberland, Md., near his home. Mr. Bankman-Fried is serving a 25-year sentence, after he was convicted of fraud and conspiracy at a trial last year.
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Ryan Salame, FTX Executive, Gets Seven and a Half Year Prison Sentence - The New York Times
Nubank introduces cryptocurrency transfer feature – ThePaypers – The Paypers
Brazil-based financial services platform Nubank has introduced a cryptocurrency transfer feature with improved security.
This feature allows customers to send and receive crypto assets, specifically Bitcoin, Ethereum, and Solana, directly from their wallets. The rollout is gradual, with plans to include more cryptocurrencies and networks in the future. Between March 2023 and March 2024, Nubank achieved a significant increase in transaction volume, positioning it as an important crypto platform in the country. This new functionality is part of Nubank's strategy to meet customer needs by simplifying the process and giving users more control over their crypto assets.
The new feature incorporates a pricing structure designed to stabilise the typical fluctuations of blockchain transactions, aiming to offer competitive fees alongside the standard Nubank experience. Nubank is collaborating with Chainalysis, a blockchain data platform, to enhance compliance and security for all crypto transactions. This partnership helps monitor blockchain addresses and detect any suspicious or illicit activities, reinforcing transaction security and efficiency.
Nubank's use of blockchain technology supports asset tokenization, smart contract execution, and rapid transfers, contributing to a secure and efficient transaction environment. Furthermore, this initiative aligns with Nubanks goal to provide reliable and secure services to its customers.
In April 2024, Nubank released Nubank+ to offer users cashback, free withdrawals, and free streaming via a partnership with Max. Nubank+ represented an evolution of the Nu experience, as it offered user benefits such as cashback, streaming, free withdrawals, and more.
The partnership with Max in Brazil was part of the Nubank+ benefits package, offering access to the streaming platform at no extra cost for the first 12 months, on the Basic Plan with ads, highlighting Nus focus on promoting unique experiences for customers.
In the same month, Nubank integrated the NuInvest platform into the Nubank application. This integration, planned over several months, consolidated a diverse portfolio of assets into the Nubank application, promising a more intuitive and secure experience. The updated application offered additional security layers and a dedicated investment space, distinct from other banking features, facilitating portfolio selection, visualisation, and monitoring. Representatives from Nubank's Investments area noted the expansion of asset offerings and improvements in user experience within the application.
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Cryptocurrency XRP and Ethereum exhibit promising growth – DM News
With a current upward trajectory, the cryptocurrency XRP is showing promising signs as it solidifies its value above the pivotal 50-day exponential moving average(EMA). This significant market shift suggests a boost in investor confidence and paves the way for potential future growth. However, the volatility of market conditions and staunch opposition at the $0.55 and $0.60 price levels, highlights the complex nature of a steady recovery.
Simultaneously, the digital asset Ethereum, commands attention with its stride towards the $4,000 landmark. While maintaining the same momentum could lead to reaching this milestone, the characteristic volatility associated with cryptocurrencies advises caution. Despite this, the recent interest surge pushing Ethereums worth beyond the $3,700 mark, indicates an increase in buyer confidence and provides a significant value boost.
Ethereums future requires the maintenance of its fundamental support at $3,700.
Surpassing this, it could potentially rally towards the $4,000 mark, assuming a vigilant watch on market volatility. For cautious market participants, trading decisions should not only be based on the price but also encompass factors such as volume, market sentiment, and relevant news.
Even though bearish waves may temporarily pull Ethereums value down to around $3,500, market analysts remain optimistic due to fundamental strengths and long-term potential. While these dips can be unnerving for some investors, others view them as natural twists among the market volatility, offering buying opportunities at lower price points. In essence, constant vigilance in the fluctuating and complex realm of digital currency investment is significantly vital. However, the unpredictable market dynamics stresses the importance of understanding the difficulty of accurate predictions.
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Cryptocurrency XRP and Ethereum exhibit promising growth - DM News
Top FTX executive jailed over connections to failed cryptocurrency empire – Yahoo! Voices
A top executive at FTX has been jailed over his connections to the collapsed cryptocurrency exchange, making him the first of disgraced founder Sam Bankman-Frieds inner circle to also face time behind bars.
Ryan Salame, 30, was sentenced to seven-and-a-half years on Tuesday after pleading guilty last year to a campaign finance law violation and a charge of operating an unlicensed money transmitting business.
He was one of four top deputies in the FTX crypto empire who have pleaded guilty to crimes since the company fell apart in November 2022.
Salames sentence exceeded the five to seven years that prosecutors had recommended, according to The New York Times. Defense lawyers had requested an 18-month sentence.
Prior to FTXs collapse, Salame was a key figure at the exchange and one of Bankman-Frieds top lieutenants, overseeing its subsidiary in the Bahamas, where the company was based.
Like other top ranking FTX executives, Salame enjoyed expensive cars and private jets, and bought restaurants in the Berkshires, Massachusetts. According to The Times, he also spent more than $24m on the 2022 midterm elections, mostly donating to campaigns of Republican candidates.
In September 2023, Salame admitted that he had acted as an illegal straw donor at the direction of Bankman-Fried to evade federal disclosure requirements. A straw donor is someone who uses someone elses money to make a political contribution.
In a sentencing memo to Judge Lewis A Kaplan on Tuesday, prosecutors called it one of the largest ever campaign finance offenses in American history, The Times reported.
As part of his plea deal, Salame agreed to pay a $6m fine and more than $5m in restitution, and to forfeit two properties in Massachusetts as well as his Porsche. In the sentencing memo, prosecutors argued that Salame was motivated by a desire for money and influence.
Three other top FTX executives Gary Wang, Nishad Singh and Caroline Ellison also pleaded guilty to financial crimes and agreed to cooperate with the government. They all await sentencing.
Bankman-Fried was sentenced to 25 years in March after being found guilty of two counts of fraud and five counts of conspiracy. As well as his jailtime he was ordered to forfeit $11.2bn.
In their own memo to the judge, Salames defense lawyers said their client had not been aware that Bankman-Fried was stealing billions of dollars from customers. The news was as shocking and dismaying to Ryan Salame as to everyone else in the world, the lawyers wrote.
Salames life had been decimated in nearly every possible way, and that FTXs demise brought shame and instability to his family, his lawyers wrote.
At its height, FTX was worth $32bn and had a million users. Bankman-Fried was considered somewhat of an anomaly in the world of crypto, both for his age, 32, and his intention to use his wealth for altruistic purposes.
The empire came crashing down in November 2022 when a CoinDesk report revealed that most of FTXs assets were held by a quantitative trading company that Bankman-Fried also ran called Alameda Research.
The revelation sent investors and customers scrambling to withdraw their funds, which later exposed an $8bn hole in the company. As quickly as FTX grew, it fell becoming essentially bankrupt overnight.
Bankman-Fried was previously criticized by Judge Kaplan, who also presided over the FTX founders sentencing, for putting on a performance to make himself seem more likeable.
When not lying, he was evasive, hair-splitting, trying to get the prosecutors to rephrase questions for him, Judge Kaplan said. Ive been doing this job for close to 30 years. Ive never seen a performance like that.
Bankman-Fried was once known as the King of Crypto and became a billionaire who appeared on the covers of magazines and brokered lucrative deals with celebrities to promote his company.
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Top FTX executive jailed over connections to failed cryptocurrency empire - Yahoo! Voices
Cryptocurrency: 3 Coins to Hold That May Become ETFs in the Future – Watcher Guru
The cryptocurrency vertical is basking in its newfound victory. The Ethereum ETFs have finally sought approval from the SEC, ushering in a new wave of crypto-inspired proceedings. ETFs have always been dubbed the perfect financial instrument to gain direct exposure to certain assets. The tool now embedded with cryptocurrency is poised to outshine the traditional sectors entirely.
However, the crypto community is now vying for other potential tokens to ascend to new highs and possibly take the ETF baton ahead. Here are the top three crypto tokens an investor must stash that may become ETFs in the near future.
Also Read: BNB June Forecast: Is $700 On Cards For Binance Coin?
Solana has undoubtedly emerged as one of the most successful coins in the crypto industry. The token has outpaced several other tokens to take the lead and is trading at a whopping price level of $165. The token is queued to join the next ETF race, as predicted by analysts at Standard Chartered. This development is expected to help Solana gain credible traction in the near future.
Per CoinCodex, Solana may spike by nearly 15% to trade in the $190 price range by June 2024.
According to our current Solana price prediction, the price of Solana is predicted to rise by 15.07% and reach $190.50 by June 26, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 74 (greed). Solana recorded 14/30 (47%) green days with 9.92% price volatility over the last 30 days.
At the same time, the token may also increase by 139% by the end of 2024 if it manages to sail through the current bullish onset of the market.
Solana is forecast to trade within a range of $161.59 and $396.46. If it reaches the upper price target, SOL could increase by 139.08% and reach $396.46.
According to Standard Chartered analyst Geoffrey Kendrick, Solana and XRP ETFs could soon become the next big trending developments in crypto. Per Kendrick, these coins have the potential to embrace the bullish onset of the market, thereby bolstering their position to secure ETF status.
Also Read: DogWifHat Price Prediction: How High Can WIF Peak By The End Of May
For other coins (e.g., SOL, XRP), markets will look ahead to their eventual ETF status as well, although this is likely a 2025 story, not a 2024 one. For now, bitcoin and ether dominance will rise, with selective next in line winners as well. Kendrick shared
This development is set to help XRP receive the much-needed boost that the token is in desperate need of. Per CoinCodex, XRP may surge by 20% by the end of June 2024, trading in the $0.60 price range.
According to our current XRP price prediction, the price of XRP is predicted to rise by 20.65% and reach $0.640716 by June 26, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 74 (greed). XRP recorded 15/30 (50%) green days with 2.26% price volatility over the last 30 days.
By the end of 2024, the platform predicts the token will trade at a price level of $1.66.
XRP is forecast to trade within a range of $0.335589 and $1.660377. If it reaches the upper price target, XRP could increase by 213.09% and reach $1.660377.
Cardano is another robust coin in line to project a bullish price breakthrough. The token had long been trading at modest price levels, awaiting its bullish price wave. However, the slow progression of the coin is yet to deter the ADA community. After the Ethereum ETF approvals, the community is now vying for an ADA ETF, which may significantly bolster the tokens long-term price prospects.
Cardano could be the next in line to see an ETF after Bitcoin and Ethereum. Germany launches a Cardano ETP where you can also get the staking rewards. Europe first, US right after.#CardanoETP pic.twitter.com/Q9zDrTcbLm
Per CoinCodex, Cardano may rise by 4% in June 2024 to trade at the $0.48 price level.
According to our current Cardano price prediction, the price of Cardano is predicted to rise by 4.89% and reach $0.485436 by June 26, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 74 (greed). Cardano recorded 12/30 (40%) green days with 3.34% price volatility over the last 30 days.
By the end of 2024, ADA may spike by a whopping 300% to trade at the $1 price level.
Cardano is forecasted to trade within a range of $0.426437 and $1.876798. If it reaches the upper price target, ADA could increase by 308.21% and reach $1.876798.
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Cryptocurrency: 3 Coins to Hold That May Become ETFs in the Future - Watcher Guru
Cryptocurrency prices today: Check Rates of Bitcoin, Ethereum, Dogecoin, Solana – NewsBytes
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What's the story
Bitcoin has climbed 1.15% over the last 24 hours, trading at $68,661.54. It is 1.63% lower than previous week. The second most popular token, Ethereum, has risen 0.60% from yesterday to trade at $3,874.14. It is up 3.10% from last week. Bitcoin and Ethereum have a market capitalization of nearly $1,352 billion and $465 billion, respectively.
BNB is trading at $602.24, a 0.78% increase from yesterday and 3.01% lower than last week. The current price of XRP is $0.55, up 1.01% in the last 24 hours. It is 0.65% lower compared to last week. Cardano and Dogecoin are trading at $0.44 (up 0.55%) and $0.11 (up 2.45%), respectively.
Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $171.61 (up 3.22%), $7.43 (up 0.11%), $0.000022 (up 15.61%), and $0.77 (up 0.88%), respectively. On the basis of the weekly chart, Solana is down 4.71% while Polka Dot has fallen 1.74%. Shiba Inu is up 11.38% in the last seven days whereas Polygon has gained 1.32%.
The top five gainers on the basis of the 24 hourly movement are Notcoin, dogwifhat, Celestia, Shiba Inu, and Book of Meme. They are trading at $0.0099 (up 26.24%), $3.94 (up 21.67%), $11.45 (up 16.98%), $0.000022 (up 15.37%), and $0.011 (up 14.80%), respectively.
The biggest losers of the day are Pendle, Lido DAO, Arweave, AIOZ Network, and KuCoin Token. They are trading at $6.48 (down 6.74%), $2.33 (down 4.31%), $38.52 (down 2.74%), $0.77 (down 1.38%), and $10.27 (down 1.19%), respectively.
DeFi or decentralized finance is an umbrella term for global, peer-to-peer financial services on public blockchains. Some of the popular DeFi tokens are Avalanche, Chainlink, Uniswap, Internet Computer, and Dai. They are trading at $37.19 (up 0.86%), $18.34 (up 1.15%), $11.02 (up 2.23%), $12.27 (up 0.89%), and $0.99 (down 0%), respectively.
Non-fungible tokens (NFTs) are cryptocurrencies that lack the attribute of fungibility, which means they cannot be exchanged for one another like other tokens. Internet Computer, Render, Immutable, Stacks, and Theta Network are some of the popular NFT tokens. They are currently trading at $12.27 (up 0.95%), $10.50 (up 5.08%), $2.32 (up 0.76%), $2 (up 1.10%), and $2.33 (up 2.82%), respectively.
The current global crypto market cap is $2.57 trillion, a 1.22% increase over the last day. The total crypto market volume over the last 24 hours is $96.33 billion, which marks a 14.83% increase. Last month, the global crypto market cap was $2.35 trillion while three months back, the total capitalization stood at $2.29 trillion.
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Cryptocurrency prices today: Check Rates of Bitcoin, Ethereum, Dogecoin, Solana - NewsBytes
Rivalry to launch its own cryptocurrency in H2 2024 – EGR Global
Rivalry will launch its in-house crypto product, Rivalry Token, in H2 2024 as the esports-focused operator looks to expand its presence in the crypto gambling market.
The token will be integrated into the firms sportsbook, online casino and more, which the operator has claimed will improve the player experience from end-to-end.
Rivalry Tokens are earned through placing bets and referring friends, with the token then used on the Rivalry site to boost odds and participate in jackpots.
Further options to use the token are set to rolled out in the future.
Regardless of the outcome of the bet, players are rewarded with the tokens, which it has said will accrue value over time.
Per a statement, Rivalry said it expects its token will drive a meaningful increase in player engagement, loyalty, and advocacy by establishing more positive economic alignment and enabling customers to actively participate in product success.
Prior to its launch, players will be able to accumulate an interim currency through site activity and in the future social media, which in turn will be converted into Rivalry Token once it launches in H2 2024.
Existing Rivalry customers will be given tokens based on past activity, with loyal customers being rewarded as well as creating a substantial reactivation opportunity for churned users.
Rivalry Token will be available in the operators active markets outside of Ontario and Australia, with Rivalry also planning to add support for other cryptocurrencies such as bitcoin, dogecoin and ethereum.
The token will also be available on soon to be announced crypto exchange currencies under the trading title $RVLRY.
Steven Salz, Rivalry co-founder and CEO, commented on the token launch, saying it will capture a meaningful share of the market.
Salz said: Rivalry is well-positioned to access the growth opportunity in crypto with a proven product set, a brand entrenched in internet culture and a captive audience of digitally native users that are driving this economic renaissance.
The launch of Rivalry Token, alongside a broader expansion into cryptocurrencies, strengthens our product-market fit among an under-30 audience and positions us competitively to capture a meaningful share of this fast-growing segment of the market.
Tech-savvy bettors are leading a behavioural shift towards more experiential and crypto-enabled gambling experiences that are taking wallet share from incumbents at an accelerated rate, he added.
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Rivalry to launch its own cryptocurrency in H2 2024 - EGR Global
Mysterious $289 Million USDT Transfer Exits Binance Amid Mt. Gox Drama By U.Today – Investing.com
U.Today - The infamous cryptocurrency exchange Mt. Gox has once again hit the headlines , as significant transfers from its cold wallet have begun. In just the past few hours, over 107,000 BTC worth over $7.2 billion has been transferred in several tranches to an unknown address.
While massive withdrawals have been made, the Mt. Gox wallet still holds more than 30,000 BTC, which is worth about $2 billion at current exchange rates. This activity comes ahead of the promised distribution of funds to creditors by Oct. 31, 2024.
The sudden transfer of such a huge amount of has caused concerns among market participants. Fears of a possible sell-off caused the BTC price to fall by more than 4%, with the total market capitalization dropping by nearly $100 billion in less than 12 hours.
Adding to the market's anxiety was a withdrawal of funds from Binance, the world's largest cryptocurrency exchange. A total of $289 million worth of USDT was transferred to an unidentified address.
Normally, massive withdrawals from exchanges are seen as bullish, signaling that large investors are moving assets to private wallets for long-term storage.
This transfer, however, indicates that a significant amount of cryptocurrency was sold out on Binance, likely in response to the expected potential dumping of Mt. Gox's Bitcoin.
In response to the uproar, Mark Karpeles, former CEO of Mt. Gox, clarified that moving cryptocurrency from the exchange's wallet was part of the preparations for a planned distribution of funds to creditors and did not signal a sale.
This assurance brought some relief, with BTC recovering a third of today's losses. Nevertheless, market sentiment remains cautious, with most digital assets still in the red.
This article was originally published on U.Today
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Mysterious $289 Million USDT Transfer Exits Binance Amid Mt. Gox Drama By U.Today - Investing.com
Cryptocurrency: 3 Altcoins That Could Skyrocket 2000% Between Now and December 2024 – NewsBTC
Cryptocurrency enthusiasts are always on the lookout for the next big opportunity, and the rapidly evolving digital asset space continues to offer promising investment prospects. Among the myriad of altcoins available, Retik Finance (RETIK), Polkadot (DOT), and Chainlink (LINK) stand out as strong contenders with the potential to skyrocket by 2000% or more by December 2024. This article delves into the unique attributes, current market positions, and future prospects of these three cryptocurrencies.
Retik Finance (RETIK) is built on the principles of decentralization, transparency, and inclusivity. It aims to democratize access to financial services and revolutionize the way people interact with money. One of the key drivers behind the rapid ascent of Retik Finance is its commitment to innovation, offering a suite of DeFi products including smart crypto payment gateways, AI-powered peer-to-peer lending, and multi-chain non-custodial wallets. Retik Finance has cultivated a vibrant and engaged community of users who actively contribute to the platforms growth and development. Community-driven initiatives such as governance voting and incentivized participation programs foster a sense of ownership and belonging among its supporters, further fueling its momentum in the DeFi space.
The recent launch of Retik Finance (RETIK) on multiple centralized exchanges marked a significant milestone in the platforms journey toward mainstream adoption. Within hours of its debut, the market capitalization of RETIK soared to almost $3 billion, and the token price reached an all-time high of $3. This represented a 20x increase from its launch price and a 100x surge from the first stage of its presale price. The successful launch on Uniswap and multiple exchanges has set a strong foundation for future growth. Analysts predict that RETIK is poised for a substantial 70x bull move in 2024 with a price prediction of $10. Innovative solutions like the Retik DeFi debit card, Retik Pay, and the Retik Wallet are expected to attract more users and investors, strengthening RETIKs long-term growth potential. Given the growing adoption of DeFi solutions and the increasing mainstream acceptance of cryptocurrencies, RETIK could see explosive appreciation, potentially reaching up to four-digit gains.
Polkadot is a decentralized protocol designed to facilitate the transfer of data and value between different blockchain networks that wouldnt otherwise be compatible. By serving as a connecting point for all other blockchain networks, Polkadot promotes scalability and interoperability. Thanks to its use of next-generation nominated proof-of-stake (NPoS), Polkadot operates with a fraction of the energy consumed by many other blockchains. Among the proof-of-stake procedures examined in a recent study, Polkadot boasts one of the lowest carbon footprints in the industry. Additionally, DOT holders can participate in governance, allowing them to partake in the management of events like fixes and protocol upgrades. At the time of writing, Polkadots price is $7.26, with a 24-hour trading volume of $714.51 million, a market cap of $7.17 billion, and a market dominance of 0.28%. The DOT price increased by 1.96% in the last 24 hours. The Polkadot price prediction sentiment is currently neutral, while the Fear & Greed Index is showing 74 (Greed). Experts predict that by December 2024, the minimum DOT price might drop to $25.25, while its maximum can reach $31.31, with an average trading cost of around $26.19. The potential ROI for DOT is estimated at 204.6%, driven by its strong fundamentals, innovative technology, and growing ecosystem.
Chainlink is renowned for its ability to link smart contracts on blockchains to real-world data and events. This makes it the most popular Oracle network for hybrid smart contracts. Chainlinks oracle network can be used by a smart contract to obtain external data, such as the price of Bitcoin Cash in US dollars, for instance. Chainlink is planning to implement token staking and node delegation schemes, which could make the network more secure and decentralized. Oracles, which provide data to smart contracts, receive LINK tokens as compensation for their work. Chainlink also offers timely and precise off-chain data reports for services ranging from AccuWeather to the SWIFT payment system. As of now, Chainlinks price is $17.30, with a 24-hour trading volume of $1.66 billion, a market cap of $10.16 billion, and a market dominance of 0.40%. The LINK price has increased by 6.17% in the last 24 hours. The Chainlink price prediction sentiment is currently bullish, with the Fear & Greed Index showing 74 (Greed). Analysts predict that by December 2024, the minimum LINK price might drop to $53.75, while its maximum can reach $63.89, with an average trading cost of around $55.65. The potential ROI for LINK is estimated at 200.1%, supported by its robust technology, extensive partnerships, and increasing adoption.
Retik Finance, Polkadot, and Chainlink are three altcoins with substantial potential to deliver massive returns by December 2024. Retik Finance stands out with its innovative DeFi solutions and strong community engagement, Polkadot with its focus on interoperability and scalability, and Chainlink with its crucial role in linking blockchain technology to real-world data. As the cryptocurrency market continues to evolve, these three projects are well-positioned to achieve significant growth, making them worthy considerations for investors seeking high-reward opportunities.
Visit the links below for more information about Retik Finance (RETIK):
Website:https://retik.com
Whitepaper:https://retik.com/retik-whitepaper.pdf
Twitter:www.twitter.com/retikfinance
Telegram:www.t.me/retikfinance
Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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Cryptocurrency: 3 Altcoins That Could Skyrocket 2000% Between Now and December 2024 - NewsBTC
MultiBank.io Wins "Best Crypto Exchange 2024" Award at Crypto Expo Dubai By Chainwire – Investing.com
Dubai, UAE, May 28th, 2024, Chainwire
MultiBank.io, the cryptocurrency exchange division of the esteemed MultiBank Group, has been awarded the prestigious "Best Crypto Exchange 2024" title at Crypto Expo Dubai.
This distinction emphasizes MultiBank.io's unwavering focus on delivering an exceptional trading experience, cementing its status as a prominent contender in the cryptocurrency world. The exchange is strategically expanding its presence in the dynamic cryptocurrency market by introducing various innovative features and security measures.
Proud Moment at Crypto Expo Dubai 2024Crypto Expo Dubai, held at the Dubai World Trade Centre on May 20-21, 2024, witnessed a convergence of crypto enthusiasts, global industry leaders, and innovators. As a Titanium Sponsor, MultiBank.io played a vital role in the event, showcasing its state-of-the-art trading platform and offering deep insights into the rapidly evolving world of cryptocurrencies.
Visitors had the opportunity to engage with MultiBank.ios team of experts, exploring its comprehensive range of crypto offerings and learning about the latest market trends. The event proved to be a fertile ground for networking, learning, and discovering valuable insights, reinforcing MultiBank.io's growing presence in the crypto landscape.
On the opening day of the conference, attendees were invited to a keynote address by Zak Taher, CEO of MultiBank.io. This pivotal speech focused on the fundamental values of MultiBank.ios crypto exchange: "Where TradFi meets Crypto." This address provided attendees with an enlightening opportunity to discover the fusion of traditional finance and digital assets.
Cutting-Edge Trading SolutionsMultiBank.ios platform is designed to meet the sophisticated needs of modern traders. The exchange offers an extensive array of crypto assets; spot and derivatives, with leverage options of up to 100x, providing traders with the tools necessary to navigate the intricate landscape of the cryptocurrency market with confidence and precision.
Unwavering Commitment to SecuritySecurity is a cornerstone of MultiBank.ios operations. The platform has earned an impeccable 10/10 Penetration Testing Score from Hacken, a leading blockchain security auditor. MultiBank.io's adherence to the highest standards of transparency and client fund security is further validated by its regulation under the Australian Transaction Reports and Analysis Centre (AUSTRAC). Moreover, MultiBank.io is backed by MultiBank Group, which operates under the supervision of 15 financial regulators, including ASIC, BaFin, ESCA, CySEC, and MAS, among others.
Looking AheadAs MultiBank.io continues to innovate and expand its offerings, the "Best Crypto Exchange 2024" award serves as a testament to its dedication to excellence in the cryptocurrency industry. The recognition at Crypto Expo Dubai is a milestone that highlights the platform's ongoing efforts to provide secure, efficient, and cutting-edge crypto trading solutions to its burgeoning global clientele.
For more information about MultiBank.io and its services, visit MultiBank.io.
ABOUT MULTIBANK.IO
MultiBank.io, a cryptocurrency exchange under MultiBank Group, offers a user-friendly platform for instant, secure trading including and . For more information, visit https://multibank.io
ABOUT MULTIBANK GROUP
Founded in California, USA, in 2005, MultiBank Group has grown to command a daily trading volume exceeding $12.1 billion, serving over 1 million customers. MultiBank Group has matured into one of the largest online financial derivatives providers globally, offering an array of brokerage services and asset management solutions. The groups award-winning trading platforms offer up to 500:1 leverage on a diverse range of products, including Forex, Metals, Shares, Commodities, Indices, and Digital Assets. For more information, visit https://multibankfx.com
ContactAntonio BileciBileciantonio.bileci@multibank.io
This article was originally published on Chainwire
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MultiBank.io Wins "Best Crypto Exchange 2024" Award at Crypto Expo Dubai By Chainwire - Investing.com