The U.S. Department of Justice has filed charges against Aleksei Andriunin, the 26-year-old Russian founder of Gotbit, alleging his involvement in a large-scale cryptocurrency market manipulation scheme. According to investigators, Gotbit provided services that artificially boosted trading volumes for tokens of various crypto companies, including some based in the U.S., with the intent to manipulate prices.
The U.S. Court of Appeals dismissed Ali Sedaghatpour’s case against Lemonade Insurance, where he had sought compensation after falling victim to a crypto scam. Sedaghatpour claimed the insurer wrongfully refused to cover his substantial cryptocurrency loss.
U.S. presidential candidate Donald Trump aims to make significant changes to the federal regulatory landscape, particularly regarding the cryptocurrency sector.
The VanEck Ventures fund will invest $30 million in cryptocurrency, fintech, and artificial intelligence projects. The focus will be on pre-seed and seed-stage startups, particularly those developing innovative payment systems.
Flare has emerged as a new top gainer in the cryptocurrency market. The native token FLR surged by 16%, nearly tripling the growth of its nearest competitor.
Chainalysis, a blockchain analytics company, has announced a strategic partnership with the global consulting firm AlixPartners. The alliance is focused on enhancing AlixPartners’ capabilities in cryptocurrency monitoring, fraud detection, and digital asset analysis.
The Hong Kong government has announced expanded tax breaks for cryptocurrency investments and a simplified licensing process for crypto platforms.
On October 18, Tether Gold (XAUT) and Pax Gold (PAXG), cryptocurrency tokens tied to the price of physical gold, reached historic highs. XAUT hit $2,715.92, according to Coingecko, while Paxos' gold-backed token peaked at $2,723.
In addition to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and the stablecoin Tether (USDT), MoonPay users can now add XRP to their portfolios. This expansion aligns with the growing demand for this cryptocurrency and broadens the platform’s capabilities.
In November 2022, FTX, once one of the largest cryptocurrency exchanges, filed for bankruptcy. Estimates indicated the company owed approximately $11.2 billion to its creditors.
Coinbase, the world’s second-largest cryptocurrency exchange by trading volume, announced it will delist all stablecoins that do not meet the MiCA regulations set by European authorities. Among those at risk is USDT, the leading stablecoin issued by Tether Holdings Ltd.
The EigenLayer (EIGEN) token was listed on major exchanges as of October 1st. Investors can now access this cryptocurrency, and airdrop recipients are already reaping their rewards.
