Category Archives: Cryptocurrency

Investing.com - Ethereum was trading at $3,413.11 by 15:32 (19:32 GMT) on the Investing.com Index on Monday, up 11.35% on the day. It was the largest one-day percentage gain since November 9, 2023.

The move upwards pushed Ethereum's market cap up to $378.09B, or 15.29% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.

Ethereum had traded in a range of $3,048.33 to $3,413.84 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a rise in value, as it gained 6.66%. The volume of Ethereum traded in the twenty-four hours to time of writing was $12.83B or 18.24% of the total volume of all cryptocurrencies. It has traded in a range of $2,864.5002 to $3,413.8357 in the past 7 days.

At its current price, Ethereum is still down 29.83% from its all-time high of $4,864.06 set on November 10, 2021.

Bitcoin was last at $69,591.6 on the Investing.com Index, up 4.52% on the day.

Tether USDt was trading at $1.0004 on the Investing.com Index, a gain of 0.04%.

Bitcoin's market cap was last at $1,353.99B or 54.75% of the total cryptocurrency market cap, while Tether USDt's market cap totaled $111.51B or 4.51% of the total cryptocurrency market value.

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Ethereum Climbs 11% In a Green Day By Investing.com - Investing.com

STAFFORD, Texas, May 20, 2024 (Newswire.com) - For the past eight years, CellPay has been at the forefront of providing essential financial services to the underbanked and unbanked communities. From bill payments to domestic and international mobile top-ups, CellPay has been a trusted partner in facilitating financial transactions for those often excluded from traditional banking systems.

Now, CellPay is proud to introduce CryptoGiftCard.io, a revolutionary platform designed to further empower individuals with access to cryptocurrency. With CellPay's longstanding commitment to financial inclusion as its foundation, CryptoGiftCard.io emerges as a natural extension of this mission, offering a seamless pathway for individuals to enter the world of digital assets.

Richard Mas, CEO of CellPay.us, passionately expressed, "CryptoGiftCard.io isn't just about launching a platform; it's about catalyzing a movement. We firmly believe that everyone deserves access to the life-changing potential of cryptocurrency, and our platform embodies that conviction."

Building on this vision, Parvez Jasani, the visionary founder behind CellPay.us, added, "With CryptoGiftCard.io, we are not merely offering a service; we are creating avenues for advancement. Our mission is to empower individuals from all walks of life, regardless of their financial backgrounds, to participate actively in the digital economy and forge brighter futures for themselves and their communities."

At CryptoGiftCard.io, our commitment to inclusivity extends beyond mere rhetoric. Whether you're a gift card recipient looking to explore the world of cryptocurrency or a reseller seeking to broaden your offerings, our platform is tailored to meet your needs. By facilitating easy conversion from gift cards to cryptocurrency, we are ensuring that access to this transformative technology is within reach for everyone.

Founded by Parvez Jasani, CryptoGiftCard.io represents the latest chapter in CellPay's ongoing mission to expand services for both resellers and consumers. As CellPay.us continues to evolve, CryptoGiftCard.io stands as a significant stride towards providing comprehensive financial solutions for all.

Join us on this transformative journey towards financial inclusion and empowerment. Visit CryptoGiftCard.io today and unlock the door to a world of possibilities with cryptocurrency.

Source: CellPay

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Introducing CryptoGiftCard.io Your Gateway to Cryptocurrency Access for All, Powered by CellPay - Newswire

CryptoCloud is dedicated to enabling businesses to seamlessly integrate cryptocurrency payments, thereby opening up new avenues for growth and opportunity. Recognizing the critical importance of performance, user-friendliness, and robust security in todays financial environment, they are committed to continuous innovation and enhancement of the platform to provide an unparalleled user experience.

Lets explore their latest advancements, which aim to streamline the payment process, safeguard merchants assets, and help to fully leverage the benefits of cryptocurrencies.

CryptoCloud has drastically reduced confirmation periods for USDT, USDC, and TUSD stablecoins on the Tron network. Their search algorithm accelerates confirmations without compromising network security.

This results in a smoother payment experience for customers, with transactions in these popular stablecoins now being confirmed in under a minute. Thus, it minimizes checkout friction and reduces support inquiries regarding payment status.

Understanding that working with cryptocurrency payments can be challenging, especially for newcomers. That is why CryptoCloud team has included a user-friendly cryptocurrency payment instruction template in the CryptoCloud documentation.

This template simplifies the process of payment and helps educate customers on how to make cryptocurrency payments. Placing this template on the website or checkout page can significantly improve user experience and increase conversion rates.

To mitigate the volatility of cryptocurrencies, CryptoCloud merchants can enable the automatic conversion of incoming Bitcoin (BTC) and Litecoin (LTC) payments to USDT, a stablecoin pegged to the US dollar. This feature protects funds from market fluctuations, reducing the risk of financial loss.

CryptoCloud platform secures the best exchange rate from a network of over 10 licensed operators, enhancing financial security of business owners. Merchants can activate this feature in the personal account.

Managing invoices can be cumbersome for businesses dependent on repeated payments. CryptoClouds introduction of static wallets revolutionizes this process.

Customers can pay to the same permanent address, eliminating the need to generate new invoices for each cycle. Funds are instantly credited upon receiving an API response, streamlining the payment process for both business owners and their customers.

Security is a top priority at CryptoCloud. Their new Anti-Money Laundering (AML) transaction check helps prevent fraudulent activity and potential exchange account suspensions. This automated system thoroughly examines each transaction, flagging and stopping high-risk transactions.

This proactive measure enhances the security of assets and cryptocurrency operations. The feature can be easily activated in the project settings, requiring no changes to the existing integration.

The CryptoCloud team has created a comprehensive guide for integrating branded payment icons onto merchants websites. These icons signal to customers that here they can pay with cryptocurrencies, which appeals to a tech-savvy audience.

Strategically placing these icons on the the payment methods page can attract crypto-savvy clientele and enhance brand recognition. Integration is simple, with options to insert HTML code or manually upload files from the provided archive.

Their commitment to innovation is not limited by those features. Automatic USDT conversion, static wallets, and AML-check are just the beginning of efforts to propel businesses into the future of finance. Stay updated on upcoming developments as they continuously expand the platforms capabilities and optimize their services.

Explore additional features on their website and review FAQs for more information. Partner with Crypto Processing CryptoCloud and unlock the full potential of cryptocurrency payments for business.

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Crypto Processing CryptoCloud: Unlocking the Future of Cryptocurrency Payments with Enhanced Performance and ... - CryptoGlobe

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Bitcoin has risen 5.57% over the last 24 hours to trade at $70,914.89. It is up 13.43% from last week. The second most popular token, Ethereum, is up 16.45% from yesterday and is trading at $3,645.54. From last week, it is up 24.08%. The market capitalization of Bitcoin and Ethereum is now at $1,399 billion and $439.12 billion, respectively.

BNB is trading at $595.82, which is 2.80% up from yesterday and a 0.93% rise from last week. XRP is currently trading at $0.55 after moving up 3.27% in the last 24 hours. It is 5.58% up from last week. Cardano and Dogecoin are trading at $0.44 (up 4.06%) and $0.11 (up 5.73%), respectively.

Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $182.33 (up 2.6%), $7.46 (up 5.74%), $0.000022 (up 4.23%), and $0.77 (up 6.08%), respectively. On the basis of the weekly chart, Solana has moved up by 22.49% while Polka Dot has moved up by 12.18%. Shiba Inu has gained 7.18% of its value in the last seven days whereas Polygon is 11.3% up.

Looking at the 24 hourly movement, the top five gainers are FLOKI, Pepe, Arweave, Wormhole, and THORChain. They are trading at $0.00022 (up 10.77%), $0.000011 (up 6.10%), $41.22 (up 4.90%), $0.55 (up 2.88%), and $5.65 (up 1.75%), respectively.

The biggest losers of the day are Worldcoin, Ethena, Celestia, dogwifhat, and NEAR Protocol. They are trading at $4.79 (down 9.30%), $0.77 (down 6.98%), $8.19 (down 6.77%), $2.92 (down 5.98%), and $6.97 (down 4.91%), respectively.

DeFi or decentralized finance refers to global, peer-to-peer financial services on public blockchains. Avalanche, Chainlink, Internet Computer, Uniswap, and Dai are among the most popular DeFi tokens. They are trading at $40.25 (up 11.31%), $16.95 (down 0.85%), $13.45 (up 4.90%), $9.17 (up 16.54%), and $0.99 (down 0.02%), respectively.

Non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility, meaning they cannot be exchanged for one another like other tokens. Some of the popular NFT tokens are Internet Computer, Render, Immutable, Stacks, and Theta Network. They are currently trading at $13.38 (up 3.93%), $10.86 (up 5.74%), $2.51 (up 8.57%), $2.14 (up 7.18%), and $2.47 (up 10.29%), respectively.

The current global crypto market cap is $2.62 trillion, a 9.2% increase over the last day. The total crypto market volume over the last 24 hours is $114.45 billion, which marks a 125.56% increase. The global cryptocurrency market valuation was $2.39 trillion last month, in comparison to $1.99 trillion three months ago.

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Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana - NewsBytes

Investing.com-- price jumped sharply on Tuesday, tracking a rally in Ether after a media report flagged some progress towards the approval of spot-Ether exchange-traded funds for U.S. markets.

The worlds largest cryptocurrency rose 6.6% in the past 24 hours to $71,349 by 08:47 ET (12:47 GMT).

But world no.2 token Ether was the star performer on Tuesday, surging 22.5% to a 1- month high of $3,776.1.

A report from Coindesk showed that the U.S. Securities and Exchange Commission asked applicants for spot Ether ETFs to update some key filings, ahead of a key deadline for the approval of the funds later this Thursday.

While the report said that there was still no guarantee that the regulator will approve the ETFs, it did mark some progress towards an eventual approval.

Bloomberg analysts Eric Balchunas and James Seyffart updated their expectations for a spot Ether ETF approval to a 75% probability from 25%, citing the Coindesk report and stating that the SEC could be doing a 180 on a potential approval.

The SEC was seen largely averse towards a spot Ether ETF, especially as recent reports said the regulator was also pursuing action against the Foundation over Ethers potential nature as a security.

But a spot ETF approval could trigger a similar rally in Ether as it did for Bitcoin earlier in 2024, where the token surged to a record high on increased capital inflows as institutional investors piled into the ETFs.

Data from digital assets manager CoinShares showed on Monday that crypto investment products saw a second straight week of capital inflows, as some soft readings on U.S. inflation ramped up bets that the Federal Reserve will cut interest rates this year.

Total capital inflows were at $932 million in the week to May 20, with Bitcoin continuing to dominate capital flows. Still, overall trading volumes remained well below peaks seen in the aftermath of the spot-Bitcoin ETF approvals in February and March.

Altcoins drifted higher, tracking gains in Ether. rose 1.2%, while added 6%.

Meme tokens and SHIB climbed 10.5% and 8%, respectively.

House Democrats Maxine Waters (NYSE:) (D-Calif.) and David Scott (D-Ga.) have voiced to their colleagues their strong opposition to the Financial Innovation and Technology for the 21st Century Act, also referred to as the crypto bill.

However, despite this stance, the pair is not actively urging members to vote against the bill, as reported by Politico.

Waters and Scott argue that the bill undermines established legal precedents and creates uncertainty in the traditional securities market.

They claim the bills safe harbor provision, allowing entities to file an "intent to register" if they meet certain requirements, effectively shields these entities from existing securities laws until the SEC and CFTC finalize new regulations.

This, they argue, "weakens investor protections and opens the door to fraud and market manipulation," the email said.

The letter also states that if the bill becomes law, it would prevent shareholders from suing publicly traded companies, override state regulations regarding digital assets, weaken fiduciary requirements, and undermine capital markets.

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Bitcoin price today: rebounds to $70k on spot Ether ETF speculation - Investing.com

TheDepartment of Justice(DOJ) announced the unsealing of anindictment Wednesday (May 15) charging two brothers with crimes resulting from an alleged cutting-edge scheme in which they stole $25 million worth of cryptocurrency from the ethereum blockchain.

Anton Peraire-Bueno, 24, of Boston, and James Peraire-Bueno, 28, of New York, were arrested Tuesday (May 14) and charged Wednesday with conspiracy to commit wire fraud, wire fraudandconspiracy to commit money laundering, the DOJ said in a Wednesdaypress release.

As alleged in todays indictment, the Peraire-Bueno brothers stole $25 million in Ethereum cryptocurrency through a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds, Deputy Attorney GeneralLisa Monaco said in the release. Unfortunately for the defendants, their alleged crimes were no match for Department of Justice prosecutors and IRS agents, who unraveled this first-of-its-kind wire fraud and money laundering scheme.

The indictment alleges that the defendants tampered with the process and protocols by which transactions are validated and added to the ethereum blockchain, gained access to pending private transactions, altered certain transactionandobtained their victims cryptocurrency, according to the release.

Following the theft, the defendants received requests to return the stolen cryptocurrency but instead kept it and took steps to hide it, the release said.

Before, duringandafter they did these things, the defendants searched online for information about how to carry them out, how to conceal their involvementandhow to launder the criminal proceeds, per the release.

If convicted, they face a maximum penalty of 20 years in prison for each count, according to the release.

As we allege, the defendants scheme calls the very integrity of the blockchain into question,Damian Williams, U.S. attorney for the Southern District of New York, whose office indicted the brothers, said in the release.

Blockchain data firmChainalysissaid in February that illicit addresses sent $22.2 billion worth of cryptocurrency to services in 2023, down from the $31.5 billion sent in 2022.

The firm attributed this decline incrypto money launderingto reduced crypto activity, as there was an overall decrease in crypto transaction volume.

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DOJ Charges 2 Brothers With Scheme to Steal Cryptocurrency - PYMNTS.com

By Nate Raymond

BOSTON (Reuters) - Two brothers who studied at the Massachusetts Institute of Technology were arrested on Wednesday on U.S. charges that they carried out a cutting-edge scheme to exploit the Ethereum blockchain's integrity and steal $25 million worth of cryptocurrency.

Federal prosecutors in Manhattan called the scheme perpetrated by Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, "novel" and said the case marked the first time that such a fraud had ever been the subject of U.S. criminal charges.

Authorities said they executed their elaborate heist in April 2023, stealing $25 million from traders in just 12 seconds by fraudulently gaining access to pending transactions and altering the movement of cryptocurrency.

"As we allege, the defendants' scheme calls the very integrity of the blockchain into question," U.S. Attorney Damian Williams said.

An indictment charged them with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. Anton Peraire-Bueno was arrested in Boston, while James Peraire-Bueno was arrested in New York.

Their lawyers did not immediately respond to requests for comment.

Both brothers had attended Cambridge, Massachusetts-based MIT, where according to prosecutors they studied computer science and math and developed the skills and education they relied upon to carry out their fraud.

The indictment alleged that for months, the Peraire-Bueno brothers plotted to manipulate and tamper with the protocols used to validate transactions for inclusion on the Ethereum blockchain, a public ledger that records each cryptocurrency transaction.

Prosecutors said they did so by exploiting a vulnerability in the code of software called MEV-boost that is used by most Ethereum network "validators," who are responsible for checking that new transactions are valid before they are added to the blockchain.

Prosecutors said that after carrying out the heist, the brothers rejected requests to return the funds and instead took steps to launder and hide the stolen cryptocurrency.

(Reporting by Nate Raymond in Boston; Editing by Bill Berkrot)

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US charges two brothers with novel $25 million cryptocurrency heist - AOL

Two brothers who studied at the Massachusetts Institute of Technology were arrested on Wednesday on US charges that they carried out a cutting-edge scheme to exploit the Ethereum blockchains integrity and steal $25 million worth of cryptocurrency.

Federal prosecutors in Manhattan called the scheme perpetrated by Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, novel and said the case marked the first time that such a fraud had ever been the subject of US criminal charges.

Authorities said they executed their elaborate heist in April 2023, stealing $25 million from traders in just 12 seconds by fraudulently gaining access to pending transactions and altering the movement of cryptocurrency.

As we allege, the defendants scheme calls the very integrity of the blockchain into question, US Attorney Damian Williams said.

Anindictmentcharged them with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. Anton Peraire-Bueno was arrested in Boston, while James Peraire-Bueno was arrested in New York.

Their lawyers did not immediately respond to requests for comment.

Both brothers had attended Cambridge, Massachusetts-based MIT, where according to prosecutors they studied computer science and math and developed the skills and education they relied upon to carry out their fraud.

The indictment alleged that for months, the Peraire-Bueno brothers plotted to manipulate and tamper with the protocols used to validate transactions for inclusion on the Ethereum blockchain, a public ledger that records each cryptocurrency transaction.

Prosecutors said they did so by exploiting a vulnerability in the code of software called MEV-boost that is used by most Ethereum network validators, who are responsible for checking that new transactions are valid before they are added to the blockchain.

Prosecutors said that after carrying out the heist, the brothers rejected requests to return the funds and instead took steps to launder and hide the stolen cryptocurrency.

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MIT-educated brothers allegedly stole $25M in crypto in just 12 seconds - New York Post

Federal prosecutors say the pair of brothers manipulated Ethereum's blockchain to steal $25 million in cryptocurrency.

MANHATTAN (CN) Two brothers were indicted Wednesday under accusations they executed a scheme to steal $25 million in cryptocurrency in just 12 seconds.

Federal prosecutors claim the brothers, Anton Peraire-Bruno and James Peraire-Bruno, used their educational backgrounds in mathematics and computer science to manipulate and tamper with transactions added to the Ethereum blockchain one of the most popular public accounting ledgers in the crypto market.

They face charges to commit wire fraud and conspiracy to commit money laundering, each of which carries a maximum sentence of 20 years if they are found guilty.

According to prosecutors, the brothers heist was the first of its kind.

This alleged scheme was novel and has never before been charged, U.S. Attorney for the Southern District of New York Damian Williams said in a statement Wednesday. But as the indictment makes clear, no matter how sophisticated the fraud or how new the techniques used to accomplish it, the career prosecutors of this office will be relentless in pursuing people who attack the integrity of all financial systems.

The theft was executed on the Ethereum network, a decentralized blockchain in which more than one million daily transactions from across the world are conducted each day.

These brothers allegedly committed a first-of-its-kind manipulation of the Ethereum blockchain by fraudulently gaining access to pending transactions, altering the movement of electronic currency and ultimately stealing $25 million in cryptocurrency from their victims, Thomas Fattorusso, the special agent in charge of the New York Field Office of the Internal Revenue Service-Criminal Investigation Unit, said in a statement Wednesday. In this case, IRS-CI New Yorks Cyber Unit simply followed the money.

Prosecutors say the Peraire-Bruno brothers gained access to pending private transactions and obtained their victims cryptocurrency. Once they stole the cryptocurrency, they rejected requests from the victims to return it.

And once they put their plan into action, their heist only took 12 seconds to complete, Williams said.

According to U.S. Attorneys, the brothers learned the trading behaviors of their victims and took numerous other steps to prepare for the theft over the course of several months.

They also took numerous steps to conceal their identities and lay the groundwork to conceal the stolen proceeds, including by setting up shell companies and using multiple private cryptocurrency addresses and foreign cryptocurrency exchanges, prosecutors say in the indictment.

After they stole the funds, prosecutors claim the brothers transferred the cryptocurrency through a series of transactions designed to conceal its source and ownership.

Prosecutors also point to the brothers internet search history and claim they looked for information about how to carry out the theft and how to hide their involvement, as well as for attorneys with expertise in cryptocurrency cases and extradition procedures.

The brothers were arrested in Boston and New York, respectively. The case is being handled by the U.S. Attorneys Offices Complex Frauds and Cybercrime Unit. Assistant U.S. Attorneys Rushmi Bhaskaran and Danielle Kudla are heading the prosecution.

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

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Brothers indicted for 'first-of-its-kind' cryptocurrency heist - Courthouse News Service

Two brothers accused of orchestrating an attack last year on Ethereum trading bots have been indicted by the US government.

The Department of Justice unsealed charges against Anton Peraire-Bueno and James Peraire-Bueno on Wednesday.

The pair are charged with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering after the brothers allegedly tried to exploit the very integrity of the Ethereum blockchain to fraudulently obtain approximately $25 million worth of cryptocurrency within approximately 12 seconds.

Both were arrested on Tuesday and will face judges in Massachusetts and New York.

The April 2023 exploit targeted bots that seek profit by essentially trying to front-run transactions on the network. Maximum extractable value, or MEV, referring to the maximum value that can be obtained during transaction block production beyond rewards and fees.

Read more: Ethereum Validator Goes Rogue, Frontruns MEV Bots for $25M

The Peraire-Bueno brothers sought to lure MEV bots from the traders they allegedly targeted by proposing at least eight specific transactions thatthe defendants knew would cause the targeted bots to include the lure transactions in the bundles, the indictment said. The exploit took advantage of a since-patched code vulnerability in the MEV-Boost software.

In each of these eight bundles, the victim traders effectively bought substantial amounts of particularly illiquid cryptocurrenciesfor approximately $25 million of various stablecoins.

Through the Exploit, which is believed to be the very first of its kind, Anton Peraire-Bueno and James Pepaire-Bueno manipulated and tampered with the process and protocols by which transactions are validated and added to the Ethereum blockchain. In doing so, they fraudulently gained access to pending private transactions and used that access to alter certain transactions and obtain their victims cryptocurrency, a DOJ press release said.

To avoid detection, the two tried to conceal their identities through shell companies and private crypto addresses.

Following the attack, the brothers even transferred the stolen cryptocurrency through a series of transactions designed to conceal the source and ownership of the stolen funds.

They researched know-your-customer (KYC) procedures online, per the indictment, to learn the KYC standards and extradition procedures. They allegedly also researched the crimes theyd end up being charged with.

As alleged in todays indictment, the Peraire-Bueno brothers stole $25 million in Ethereum cryptocurrency through a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds, said Deputy Attorney General Lisa Monaco.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

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DOJ charges 2 brothers tied to $25M attack on MEV bots last year - Blockworks