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Litecoin Falls 10% In Selloff By Investing.com

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Litecoin Falls 10% In Selloff By Investing.com

Litecoin Falls 10% In Selloff

Investing.com – Litecoin was trading at $81.138 by 03:22 (07:22 GMT) on the Investing.com Index on Sunday, down 10.15% on the day. It was the largest one-day percentage loss since January 3.

The move downwards pushed Litecoin’s market cap down to $6.123B, or 0.25% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B.

Litecoin had traded in a range of $81.138 to $86.317 in the previous twenty-four hours.

Over the past seven days, Litecoin has seen a drop in value, as it lost 7.53%. The volume of Litecoin traded in the twenty-four hours to time of writing was $634.902M or 0.43% of the total volume of all cryptocurrencies. It has traded in a range of $81.1377 to $105.6173 in the past 7 days.

At its current price, Litecoin is still down 80.68% from its all-time high of $420.00 set on December 12, 2017.

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Bitcoin was last at $64,816.9 on the Investing.com Index, down 6.64% on the day.

Ethereum was trading at $3,425.27 on the Investing.com Index, a loss of 8.08%.

Bitcoin’s market cap was last at $1,280.539B or 52.18% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $413.374B or 16.84% of the total cryptocurrency market value.

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US charges Samourai cryptomixer founders for laundering $100 million

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US charges Samourai cryptomixer founders for laundering $100 million

Keonne Rodriguez and William Lonergan Hill have been charged by the U.S. Department of Justice for laundering more than $100 million from various criminal enterprises through Samourai, a cryptocurrency mixer service they ran for nearly a decade.

As detailed in a superseding indictment, criminals also used Samourai’s Whirlpool crypto mixer to process over $2 billion in illicit funds between 2015 and February 2024.

In addition to crypto mixing services, Samourai also offered a service called “Ricochet,” which allowed users to send cryptocurrency using additional and unnecessary intermediate transactions to thwart law enforcement and crypto exchange efforts to track funds sourced from criminal activity.

This money laundering activity allegedly earned the two founders around $4.5 million in fees for Whirlpool and Ricochet transactions.

“Since the start of the Whirlpool service in or about 2019, and of the Ricochet service in or about 2017, over 80,000 BTC (worth over $2 billion applying the BTC-USD conversion rates at the time of each transaction) has passed through these two services operated by Samourai,” the indictment alleges.

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Samourai’s Wallet mobile application was also downloaded over 100,000 times, allowing users to store private keys for BTC addresses they controlled and exchange funds with other Samourai users in anonymous financial transactions.

Icelandic law enforcement has seized Samourai’s domains (samourai[.]io and samouraiwallet[.]com) and web servers, and the Google Play Store removed the Android mobile app after being served a seizure warrant.

Samourai seizure banner
Samourai seizure banner (DOJ)

​Rodriguez was taken into custody this morning and will appear before a U.S. Magistrate Judge in the Western District of Pennsylvania in the following days.

Hill was also arrested this morning in Portugal on U.S. criminal charges, with the U.S. government planning to request his extradition to the United States so that he can stand trial.

They’re both charged with two counts of conspiracy: money laundering (20-year maximum sentence) and operating an unlicensed money-transmitting business (5-year maximum sentence).

“While offering Samourai as a ‘privacy’ service, the defendants knew that it was a haven for criminals to engage in large-scale money laundering and sanctions evasion,” the DOJ said.

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“Samourai laundered over $100 million of crime proceeds originating from, among other criminal sources, illegal dark web markets, such as Silk Road and Hydra Market; various wire fraud and computer fraud schemes, including a web-server intrusion, a spearphishing scheme, and schemes to defraud multiple decentralized finance protocols; and other illegal

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BlockDAG, Cardano and Toncoin in the 2024 Cryptocurrency Market

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BlockDAG, Cardano and Toncoin in the 2024 Cryptocurrency Market

BlockDAG’s innovative strategy, highlighted by its upcoming moon keynote, sets it apart amidst the backdrop of Cardano’s recent price decline and Toncoin’s performance following a Telegram partnership. While Cardano grapples with a notable drop in price, slipping by 27% in the past month, and Toncoin gains momentum through strategic collaborations, BlockDAG forges its path to success.

With its groundbreaking approach to blockchain consensus, powered by the PHANTOM protocol and GHOSTDAG algorithm, BlockDAG positions itself as a frontrunner in the cryptocurrency landscape. As anticipation mounts for its moon keynote, BlockDAG’s unique features and strategic initiatives capture the attention of investors seeking the next big opportunity in digital finance.

HT launches Crick-it, a one stop destination to catch Cricket, anytime, anywhere. Explore now!

Cardano

Over the past month, Cardano has experienced a substantial decline in price, dropping to $0.60 on April 11, reflecting a 27% decrease from its peak earlier in the year. Recent data indicates a stagnation in Cardano’s network expansion, trailing behind newer competitors in the Decentralized Finance (DeFi) sector. Despite boasting a market capitalisation exceeding $20 billion, Cardano lacks a significant presence in vital blockchain industries. For instance, its largest lending protocol, Liquid, exhibits a Total Value Locked (TVL) of a mere $57 million. These inadequacies cast doubt on Cardano’s valuation, earning it the moniker of a “zombie coin” despite its substantial market capitalisation.

Toncoin

Toncoin (TON) has recently surpassed Cardano (ADA) in market capitalisation, propelled by a 13% price performance, reaching an all-time high of $7.08. Telegram’s commitment to distributing advertising revenue in TON and accepting payment for TON advertising has significantly contributed to this achievement. Notably, Toncoin’s market cap now exceeds $23 billion, eclipsing Cardano’s $21.4 billion valuation.

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Toncoin (TON) has recently surpassed Cardano (ADA) in market capitalisation

The collaboration with Telegram has unlocked new prospects, such as Notcoin, a Telegram-based game boasting 35 million players, set to introduce its native token on the TON blockchain. Toncoin’s success underscores the transformative potential of strategic partnerships in driving growth and adoption within the cryptocurrency ecosystem.

BlockDAG

BlockDAG is spearheading cryptocurrency evolution with its groundbreaking PHANTOM protocol and GHOSTDAG algorithm, setting new benchmarks in network integrity and performance. This innovative DAG chain technology surpasses conventional blockchain models, offering unparalleled scalability, security, and decentralisation. While Cardano’s growth trajectory remains uncertain and Toncoin garners attention with its Telegram collaboration, BlockDAG is quietly reshaping the digital currency landscape. Its unique consensus mechanism addresses the challenges of malicious block inclusion and ensures seamless and equitable transaction processing, heralding a new era of trust and efficiency in the crypto sphere.

BlockDAG shines as a beacon of financial innovation
BlockDAG shines as a beacon of financial innovation

The Last Take

Amidst fluctuating Cardano prices and Toncoin’s Telegram partnership buzz, BlockDAG shines as a beacon of financial innovation. With its remarkable price surge and pioneering consensus approach, BlockDAG isn’t merely keeping pace; it’s setting the standard. As investors eagerly embrace its presale offering, the consensus is clear: BlockDAG stands out as the premier crypto investment opportunity, with the potential for exponential performance.

Learn More About BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

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Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Cryptocurrency: Top 3 AI Coins to Watch For Double Digit Gains

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Cryptocurrency: Top 3 AI Coins to Watch For Double Digit Gains

One cryptocurrency sector that has been gaining significant traction in recent times is the AI and big data space. According to a recent tweet by Santiment, a leading cryptocurrency analytics platform, the top 100 AI and big data projects have collectively grown their market caps by an impressive 22% in the past week.

As the AI and big data sectors continue to boom, three projects have emerged as front-runners, seeing major growth and attracting the attention of investors and traders alike. These projects are Openfabric AI (OFN), Aleph.im (ALEPH), and Akash Network (AKT).

Also read: Ripple (XRP) Forecasted To Hit $1.9 If This Happens

Openfabric AI (OFN) 

Openfabric AI, a project focused on developing AI-powered solutions for various industries, has been the top performer in the AI and big data sectors over the past week. Additionally, with a 78% growth in its market cap, OFN has quickly become a coin to watch for potential double-digit gains.

Currently trading at $0.616, OFN has seen a 24-hour low of $0.5515 and a high of $0.6484, indicating strong momentum and investor interest.  

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Also read: Cryptocurrency: Top 3 Coins To Buy Now For 10X Gains In 2024

Aleph.im (ALEPH) 

Aleph.im, a decentralized cloud computing platform that aims to provide a secure and scalable infrastructure for dApps and decentralized storage, has also seen significant growth in the past week.

With a 64% increase in its market cap, ALEPH has become another top contender in the AI and Big Data sector. In addition, trading at $0.261, ALEPH has recorded a 24-hour low of $0.2435 and a high of $0.2807.  

Akash Network (AKT) 

Akash Network, a decentralized cloud marketplace that enables developers to deploy and scale their applications, has seen a 49% growth in its market cap over the past week.  

Currently trading at $5.13, AKT has experienced a 24-hour low of $4.88 and a high of $6.52, showcasing strong volatility and potential for significant price movements.  

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Also read: Shiba Inu or Dogecoin: Which Meme Coin To Buy For 10X Gain?

The AI and Big Data sector within the cryptocurrency space is experiencing a major boom, with projects like Openfabric AI, Aleph.im, and Akash Network leading the charge. As the sector continues to see advancements and speculative support from traders looking to gain exposure to artificial intelligence, these coins may be worth watching for potential double-digit gains.

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