Analysis Crypto by Thebittimes.Com

The TRUMP meme coin team has triggered alarm among investors after moving $19.6 million worth of tokens to major crypto exchanges, just days before a private dinner with Donald Trump for the token’s top 220 holders. Lookonchain’s on-chain data shows that the team sent 1.35 million TRUMP tokens to Binance, OKX, and Bybit in the past 24 hours. The deposits landed the same week that $300 million in TRUMP tokens are set to be unlocked. The team had previously told investors that the unlocked tokens would not be sold, but traders now fear a dump. Meanwhile, Democratic Senators Adam Schiff and Elizabeth Warren are calling for an ethics inquiry into the upcoming TRUMP dinner. TRUMP Meme Coin Deposits Made Same Week As Massive Unlocks The on-chain data cited by Lookonchain showed the majority of the tokens in the recent deposit were sent to Binance, with 700,000 TRUMP tokens sent to the leading centralized crypto exchange. Of the remaining tokens, 350,000 and 296,000 toke...

Join Our Telegram channel to stay up to date on breaking news coverage Blockchain data reveals that cryptocurrency firm Binance has handled $8 billion worth of Iranian transactions since 2018 despite U.S. sanctions aimed at cutting off Iran from the world banking system. According to an Analysis of data from renowned U.S. blockchain researcher Chainalysis, almost all the money—roughly $7.8 billion—flowed between Binance and Iran’s biggest cryptocurrency exchange, Nobitex. On its website, Nobitex provides instructions on how to avoid punishment. Three-quarters of the Iranian assets that went through Binance were invested in Tron, a relatively obscure cryptocurrency that allows users to hide their identities. A mid-tier coin called Tron can be used to trade anonymously without “endangering assets owing to penalties,” according to a blog post published by Nobitex last year. The fresh discoveries coincide with the U.S. Justice Department’s inve...

The Dogecoin price crashed 7% in the past 24 hours on news that Twitter is being sued for mass layoffs, and meme coin rival Shiba Inu pumped. The second largest meme cryptocurrency, SHIB is known for something of an inverse correlation to DOGE, or for pumping after money is divested out of Dogecoin. Dogecoin Price Drop After its over 160% pump since late October, some form of pull back was to be expected - Dogecoin is down around 25% from its November 1st high of $0.158. Dogecoin price chart - 4 hour timeframe The breaking news in Bloomberg of a Twitter lawsuit could lead to a further Dogecoin crash. The class action lawsuit centres around Elon Musk's plan to lay off half the workforce, approximately 3,700 employees. Workers claim Twitter Inc. is doing that without sufficient notice and therefore in violation of federal and California law. SHIB / DOGE price chart via Binance - 4 hour timeframe With how closely traders watch the ratio between Shiba Inu and Dogeco...

Disclaimer : The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. A crypto trading bot can automatically buy and sell digital assets according to preset parameters. Such a tool can be extremely useful in executing crypto trades, without having to watch over the market at all times.  In this guide, we explain what crypto bots trading is all about and how these automated systems work.  We will also take a look at the best crypto bots that investors can use to trade digital currencies in 2022. The 8 Best Crypto Trading Bots for 2022 Ranked Those wishing to use automated investing strategies can consider the 8 best crypto bots listed below: Dash 2 Trade - Crypto Analytics Platform Supporting Automated Trading  Pionex - 16 Free Built-in Crypto Trading Bots Coinrule - Set Rules for Automated Crypto Trading   Shrimpy - Crypto Portfolio Management Platform With Automated T...

Join Our Telegram channel to stay up to date on breaking news coverage Apple has clarified the App Store rules surrounding non-fungible tokens (NFTs) and cryptocurrency exchanges . The rules touch on the taxes deducted in NFT purchases and how these digital collectibles can be used. Apple clarifies rules in NFTs and crypto exchanges This marks the first time that Apple is introducing rules that specifically focus on NFTs. Under the rules, Apple addresses how NFT purchases will be taxed and the scope under which these collectibles can and cannot be used. Apple has also provided guidelines on when a cryptocurrency exchange app can be listed on App Store. The new guidelines allow in-app NFT purchases but prevent the use of NFTs bought outside the platform. Apple is also allowing applications to use in -app purchases to offer services such as NFT minting, listing, and transferring. However, the company is also doubling down on the NFT “Apple tax” that will subject ...

South Korean prosecutors investigating a $7.22 billion money laundering case are reportedly seeking to acquire virtual currency tracking software to be used in monitoring crypto transactions. South Korean financial authorities also believe there is a tax evasion angle to the case. Real-Time Tracking According to a report, the Seoul Central District Prosecutors Office, which is investigating the unsanctioned remittance of $7.22 billion ( 10 trillion won ), is reportedly seeking to acquire virtual currency software. Prosecutors believe such tracking software will enable them to monitor virtual currency transactions in real-time. As stated in a Kmib report, prosecutors are hoping that the software will allow them to extract the history between wallets under investigation and crypto exchanges . They also hope to uncover the source and destination of the laundered funds using the software. We intend to purchase tools to investigate cases involving cryptocurrencies. The plan by the ...