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Top cryptocurrency prices today: Ethereum, Solana, Shiba Inu, Avalanche drop up to 15%

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Top cryptocurrency prices today: Ethereum, Solana, Shiba Inu, Avalanche drop up to 15%
New Delhi: Regardless of a restoration within the fairness markets, cryptos had been ailing with altcoins hit much more badly. The detrimental information circulation on the worldwide stage and Terra’s bloodbath are nonetheless haunting crypto buyers.

Bitcoin, which is taken into account the least dangerous of digital property, held some floor, amid ongoing considerations about excessive inflation and financial downturn. Bitcoin’s market cap has just lately spiked relative to different cryptocurrencies.

Barring the stablecoin USD Coin, all crypto tokens had been buying and selling sharply decrease on Friday. Avalanche tumbled 15 per cent, whereas Solana plunged 11 per cent. Ethereum, Shiba Inu and Cardano dropped 9 per cent every.



The worldwide cryptocurrency market cap was buying and selling decrease at $1.20 trillion, dropping greater than 5 per cent within the final 24 hours. Nonetheless, the full cryptocurrency buying and selling quantity zoomed as a lot as 50 per cent to $103.25 billion.

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What’s cooking in India
The Coinbase CEO sowed the seed of a Supreme Courtroom problem by tweeting to ask if the RBI’s “shadow ban” – during which cost processors minimize off native crypto exchanges – was a violation of a 2020 Supreme Courtroom ruling.

His tweet got here following his firm’s ill-fated India launch, which led to Coinbase exiting the nation days later. Armstrong later pointed to “casual stress” from the RBI as a purpose for the exit.

Professional take
Bitcoin fell to the $28,000 degree on Thursday as bearish stress continued to extend, heading in the direction of the weekend, mentioned Edul Patel, CEO and Co-founder of Mudrex.

With Bitcoin and Ethereum falling under their help ranges, promoting stress elevated, creating concern among the many market individuals, he added. “However a drop from $28,000 degree may lead to Bitcoin going even decrease.”

Over the previous 24 hours, regardless of a robust rise within the equities, crypto markets have been in extreme ache, significantly the altcoins. The correlation of cryptos and equities has damaged for some time, apparently, mentioned Kunal Jagdale, Founder, BitsAir Trade.

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“Terra’s debacle continues to be hurting the emotions, particularly within the Defi area. With macroeconomic consideration in thoughts, buyers ought to avoid the high-risk investments on the motion,” he added.

World updates

  • A bunch of former executives of cryptocurrency trade Binance have created a $100 million enterprise fund with a give attention to the metaverse and bringing larger crypto adoption to rising markets.

  • Circle Web Monetary is arguing the U.S. Federal Reserve ought to move on launching a digital greenback, arguing that might strangle private-sector efforts comparable to Circle’s to handle their very own dollar-based tokens.

  • European Central Financial institution (ECB) President Christine Lagarde urged endurance because the financial institution seems to be to pare again its now 8 trillion euro stability sheet within the face of galloping inflation, and requested viewers of a Dutch discuss present to think about the injury to the financial system had the central financial institution not intervened in such a big method through the COVID disaster.

Tech View by Coinstore cryptocurrency trade
Ether, the most well-liked altcoin is beneath great stress because of the $1 billion choices expiry this week. Including to the stress are numerous macroeconomic components which will push Ether additional in the direction of a brand new decrease help degree.

ET CONTRIBUTORS

Ether slipped under the $1800 mark which can have spooked the buyers leading to a broader sell-off. The worth has recovered barely and Ether is again above the $1800 mark. You will need to observe that the choices expiry this month has considerably lowered the danger urge for food of buyers and we might even see sellers dominate the market within the coming weeks.

(Views and proposals given on this part are the analysts’ personal and don’t symbolize these of ETMarkets.com. Please seek the advice of your monetary adviser earlier than taking any place within the asset/s talked about.)

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RobotBulls Innovates Cryptocurrency Trading with AI and Blockchain Integration

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RobotBulls Innovates Cryptocurrency Trading with AI and Blockchain Integration

RobotBulls, a pioneering force in the cryptocurrency market, has unveiled its latest advancements in leveraging artificial intelligence (AI) and blockchain technology to streamline the trading process.

RobotBulls, a pioneering force in the cryptocurrency market, has unveiled its latest advancements in leveraging artificial intelligence (AI) and blockchain technology to streamline the trading process. This dual-technology approach not only simplifies trading operations but also enhances security and accuracy, providing traders from various backgrounds with an accessible and efficient trading platform.

AI and Blockchain: A Synergistic Approach for Streamlined Trading

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At the heart of RobotBulls’ innovation is the integration of AI and blockchain technology. The platform utilizes advanced AI algorithms to analyze market data accurately and swiftly, offering users actionable insights to guide their trading decisions. Complementing this, blockchain technology ensures all transactions are securely recorded and immutable, reinforcing trust and transparency in all operations.

Key Features of RobotBulls: Elevating Trading Experience

RobotBulls’ platform is designed with several core features aimed at enhancing user experience:

  • Streamlined Trading: Automated trading tasks allow users to execute strategies efficiently without the need for constant monitoring.
  • Real-Time Analytics: The platform provides current market trend data, helping users make informed decisions and anticipate movements.
  • Robust Security Measures: Leveraging blockchain, RobotBulls ensures all transactions are transparent and secure, significantly reducing the risk of tampering.

Benefits of Using RobotBulls: Efficient and Secure Trading Traders on RobotBulls enjoy multiple advantages:

  • Time Efficiency: The automation of routine trading activities frees up time, allowing traders to focus on strategy development.
  • Increased Precision: AI-driven analysis minimizes errors in data interpretation and trade execution.
  • Enhanced Risk Control: Tools for managing trading risks, including customizable stop-loss settings, are readily available on the platform.

Continuous Innovation and Future Prospects

Committed to continuous enhancement, RobotBulls consistently upgrades its AI algorithms and explores more efficient blockchain technologies. These advancements aim to further expedite transactions and improve analytical capabilities, providing users with deeper insights and more robust trading options.

Supporting Traders with Educational Resources and Community Engagement

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RobotBulls supports its users with an array of educational resources designed to aid both novice and experienced traders in navigating the platform effectively.

Additionally, the company fosters a strong community, enabling users to exchange strategies and insights, further enhancing their trading success.

Experience the Future of Trading with RobotBulls

For traders seeking to harness the potential of digital currencies through a secure, efficient platform, RobotBulls offers a powerful solution. To explore how RobotBulls can transform your trading experience, visit robotbulls.com.

Contact Info:
Name: Lin
Email: Send Email
Organization: Robot Bulls
Phone: +41795354362
Website: https://www.robotbulls.com/

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Alleged crypto scammers arrested in $73 million 'pig butchering' scheme

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Alleged crypto scammers arrested in $73 million 'pig butchering' scheme

The Justice Department said on Friday that it arrested two alleged scammers for laundering “at least” $73 million through shell companies connected to “pig butchering” cryptocurrency investment schemes.

In a pig butchering scam, scammers contact victims online and gain their trust before manipulating them into investing in a fake cryptocurrency.

Daren Li, a 41-year-old dual citizen of China and St. Kitts and Nevis — and resides in China, Cambodia, and the United Arab Emirates, was arrested on April 12 at Hartsfield-Jackson Atlanta International Airport. According to a Justice Department statement, he was subsequently transported to the Central District of California. Yicheng Zhang, 38, a Chinese national and resident of Temple City, California, was arrested on Thursday in Los Angeles, California, the statement said.

The DOJ accused the individuals of having lured victims into depositing money into U.S. accounts. From there, the two allegedly utilized co-conspirators to launder the money through U.S. financial institutions to Bahamas bank accounts, before converting the funds into the stablecoin Tether, also known as USDT.

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“Cryptocurrency investment scams exploit the borderless nature of virtual currency and online communications to defraud victims,” said U.S. Deputy Attorney General Lisa Monaco. “While fraud in the crypto markets takes on many forms and hides in many far-off places, its perpetrators aren’t beyond the law’s reach,” the

Li and Zhang face charges of conspiracy to commit money laundering and six counts of international money laundering. According to the Justice Department, if found guilty, they could be sentenced to a maximum of 20 years in prison for each count.

Two days before announcing the arrests, the Justice Department said it arrested two brothers for allegedly stealing roughly “$25 million worth of cryptocurrency within approximately 12 seconds.” And earlier this month, the department charged ‘Bitcoin Jesus’, a.k.a. Roger Ver, with evading nearly $50 million in taxes.

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