Crypto News
BitMEX Launches CHILLGUYUSDT Perpetual Swap with 50x Leverage
BitMEX has introduced a new perpetual swap listing for CHILLGUYUSDT, offering traders the opportunity to leverage up to 50x on this TikTok-inspired memecoin. (Read More)Source link
Bitcoin Bull Market May Drive Russian Miners Underground
The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions. Analysts state that if authorities fail to address this upcoming problem, it could lead to illegal mining becoming a popular activity. Russian Miners Likely to Engage in Illegal Bitcoin MiningSource link
Bitcoin Nears $100K, With Crypto Market Cap at Record $3.4T
Strength in BTC is leading to a rotation in other major tokens ahead of the weekend, buoyed by renewed bullish hopes about a crypto-friendly Trump administration that takes office in January.Source link
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