Crypto News
Study: 76% of X Influencers Promoted Now-Defunct Meme Coins
A Coinwire study reveals that most crypto influencers on X promote worthless meme coins, highlighting the risks of relying on social media for investment advice. Influencers Setting Up Investors for Failure According to a Coinwire study, over three-quarters (76%) of crypto influencers on X promoted meme coins that are now defunct. Moreover, two-thirds of theSource link
Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces
A federal grand jury in Miami has charged nine individuals with laundering U.S. drug proceeds into cryptocurrency for Mexican and Colombian cartels, utilizing “a network of black market cryptocurrency launderers and unlicensed money transmitters,” according to the U.S. Department of Justice. From 2020 to 2023, defendants allegedly coordinated cash pickups from U.S. drug sales, convertingSource link
Apple Admits to Security Vulnerability That Leaves Crypto Users Exposed—Here’s What You Should Do
Apple has become aware of a security flaw that could let hackers take control of a user’s iPhone or iPad if they visit a harmful website.Source link
Russia’s Foreign Trade Defies Western Sanctions, Official Claims
Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian Finance Minister Anton Siluanov has claimed that Western sanctions will not hinder Russia’s foreign trade. Speaking in an interview with Nailya Asker-Zade on the Rossiya-24Source link
XRP Price Surges 25% as Headwinds for Ripple Clear Even More
An incoming crypto-friendly regulatory environment for U.S. based companies has renewed optimism for certain tokens, especially XRP.Source link