Cryptocurrency News Today TheBitTimes.com

An alleged scammer with a history of crypto rug pulls has just made $430,000 shilling the SCI6900 token with the help of a post on X from former Binance CEO, Changpeng Zhao.  Crypto sleuth “Dethective” recorded the trader, known as @SmokezXBT, buying sums of the memecoin Shanghai Composite Index 6900 (SCI6900) before shilling the token with various other crypto influencers.  They then proceeded to dump their holdings for an hour before the price began to drop. However, they decided to buy some more of the token at 4:44am UTC time.  The timing of this purchase is remarkable, as just over one minute and 34 seconds later, Zhao responded to a post promoting the token, asking, “Is this real?” From there, the market cap of the token shot from $3 million to almost $29 million in 10 minutes . Its price increased by 4,557% over the past 24 hours. Read more: Traders blame CZ for ending BNB memecoin season ZachXBT with the ‘grifter’ receipts ...

The US Justice Department (DoJ) has indicted and arrested an heir to the Cartier jewelry empire with conspiring to launder the proceeds of drug trafficking using tether (USDT). In Miami, law enforcement arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, the founder of the luxury watch, necklace, and bracelet maker, where he was allegedly coordinating with a Colombian drug cartel. Alongside five Colombian nationals, Cartier tried to import 100 kilos of cocaine and launder hundreds of millions of dollars, mostly through over-the-counter (OTC) USDT trades. They actually succeeded at laundering 14.5 million USDT before their arrests. Cartier is currently in a Miami detention center while his co-conspirators are in Colombian jails. To carry out his scheme, Cartier controlled shell companies and misrepresented to financial institutions that they were in the business of software and technology. He then used the companies’ accounts, according to the indictment, as...

Umoja, a pioneering smart money protocol, secured a $2 million extension to its initial seed funding round , pushing the total raised to $4 million, according to information shared with Finbold on March 19.  Spearheaded by Robby Greenfield, former Head of Social Impact at ConsenSys, Umoja boasts backing from prominent names like Coinbase, 500 Global, Quantstamp (QSP), and others. Umoja’s mission Prioritizing safety and returns, Umoja aims to transform digital investments. Picks for you Robert Kiyosaki reveals what is the best bargain right now 27 mins ago Short squeeze alert: 3 cryptocurrencies with pump potential this week 15 hours ago Sell signal for 2 overbought cryptocurrencies this week 17 hours ago Machine learning algorithm predicts SHIB price for April 1, 2024 19 hours ago At the core of Umoja’s mission is the democratization of wealth creation through Synths, the fundamental units of smart money.  The tokenized strategies...

Cryptocurrencies are challenging the status quo of remittance services. Will they also shape the future of cross-border payments? In this era of global economies, where cross-cultural exchanges and international transactions are increasingly common, the demand for efficient and accessible cross-border money transfers has reached new heights of importance. Whilst traditional remittance providers have long dominated the market, the rise of cryptocurrencies has introduced a disruptive force that is challenging the status quo. As cryptocurrencies gain momentum, the question arises: Will crypto remittances shape the future of global money transfers? The dominance of traditional remittance services This evolving payments landscape has opened up new opportunities and prompted us to rethink the traditional models of remittance services in the face of technological advances and changing consumer preferences. Source: Unsplash For several decades, traditional remittance services, such as Western...