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US Fed Asks Binance To Submit Documents Related To Its Money Laundering Probe

US Federal prosecutors have asked cryptocurrency exchange, Binance, to reveal internal records and communications involving its CEO Changpeng Zhao related to its money-laundering probe, Reuters reported.

The Justice Department has asked the exchange to turn over communications between Zhao and other executives regarding the “unlawful transactions” and recuitment of clients in the US.

Four people with knowledge of the probe said the Department’s investigation into Binance’s compliance with US financial crime laws included the December 2020 request, which had not previously been publicised. According to the persons, US officials are looking into whether Binance broke the Bank Secrecy Act. 

If crypto exchanges perform “significant” business in the US, they must register with the Treasury Department and adhere to anti-money laundering regulations. The statute, intended to safeguard the American financial system from criminal financing, allows for a 10-year prison term.

The Department’s letter to Binance made 29 distinct requests for papers related to the company’s management, organisational structure, financial situation, compliance with anti-money laundering and sanctions laws, and US operations since 2017. “Binance is requested to produce all documents and materials that are responsive to this letter in its possession, custody, or control,” it said.

The request indicates the extensive nature of the US inquiry into Binance. Bloomberg, which had revealed about the probe last year, quoted a Binance representative saying at the time: “We take our legal obligations very seriously and engage with authorities and law enforcement in a collaborative fashion.”

US Investigation

The Justice Department has been cracking down on the unregulated crypto market this year, as people lost huge amounts of money after the market crashed. The government is mainly concerned about the money laundering aspect in the cryptocurrency space. It has been observed that cybercriminals were using cryptos to launder the stolen money from hacks and evade the law.

Authorities are clamping down heavily on crypto mixers by sanctioning specific wallet addresses. Criminals were found to be using crypto exchanges and mixers to dodge the authorities’ radar.

In a blog post, CEO Zhao wrote: “We don’t have any legal entities in China”, although Binance started operations in that country. He added that “The greatest challenge that Binance faces today is that we (and every other offshore exchange) have been designated a criminal entity in China.”

Financial regulators in many countries have issued warnings against Binance since last year, alleging it was either serving users without licences or violating anti-money laundering standards. 

The Dutch central bank in July fined Binance over three million Euros for violating the country’s financial laws. A Binance spokeswoman claimed at the time that the fine was a “pivot in our ongoing collaboration” with the central bank.


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Netherlands fines cryptocurrency exchange Binance 3M euros

THE HAGUE: The Dutch central bank said on Monday it had fined Binance, the world’s largest cryptocurrency exchange, more than three million euros for breaking Dutch law on registering its activities.

“On April 25, the Dutch central bank imposed an administrative fine of 3,325,000 euros ($3,376,000) on Binance Holdings Ltd,” the DNB said.

“The fine was imposed because Binance offered crypto services in the Netherlands without registering them with the DNB as is legally required,” it said.

Binance has since lodged a request to be registered and appealed against the fine, the DNB said.

Companies that offer cryptocurrency services in the Netherlands are obliged to register their activities under a law designed to prevent money laundering and financing terrorism.

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“If there wasn’t this obligation to register, it would be more difficult to control the risk of criminal financial movements,” the bank said.

It described Binance’s “infringements” of the law as “very serious.”

In May, Binance obtained approval from the French financial markets authority AMF to operate in France.

This is a European first for the company. The British authorities said last year its activities could not be supervised correctly and posed a risk to consumers.

Binance is the biggest exchange in the cryptocurrency market. It boasted $32 trillion in transactions last year and 120 million customers.

Cryptocurrencies operate in a largely unregulated corner of the economy and the value of the major ones tends to fluctuate wildly.

After a boom during the Covid-19 pandemic, their value has plummeted in recent months. As much as two-thirds of the market value of the sector has been wiped out.

Enthusiasts regard cryptocurrencies and the technology around them as the foundation of a decentralised alternative to the mainstream banking system and argue against any regulation.

But national authorities are increasingly leaning towards stiffer rules and consumer protection, as crypto firms push into the mainstream with high-profile TV advertising and celebrity endorsements.


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Crypto airdrops: Here is everything that you need to know

  • Crypto airdrop is a marketing technique deployed during the launch of a crypto project.
  • There are primarily three types – bounty, exclusive and holder.
  • The crypto market is riddled with scamsters as well and it is necessary to be on high alert against ‘pump and dump’ schemes.


This is not your typical Apple Airdrop where you receive audios, images and video clips in a jiffy. Crypto airdrop is a marketing technique, mostly used to promote a particular crypto product or project. The word ‘airdrop’ is when small amounts of the crypto currency are sent to the wallets of users for free or in return for a small service– usually promotional.

A country’s native cryptocurrency is usually distributed for free to the users in a bid to promote the currency or get a buzz going on social media. If one goes and logs in the word ‘Airdrop’ on Twitter, there is a plethora of projects that pop up on the screen, each promoting their own agenda.

When did crypto airdrops become popular?

The first crypto airdrop has been documented to have occurred on March 25, 2014. AuroraCoin (AUR), which was intended to be the cryptocurrency for Iceland, was airdropped, with every citizen who submitted their national ID receiving 31.28 AUR.

Crypto airdrops became very popular during the time of the initial coin offering phase that began back in 2017. Airdrops were used to increase the circulation of the currency before their public listing. They were instrumental in providing legitimacy to the crypto projects. Airdrops ask for no personal investment from customers.

Types of airdrops

There are primarily three types of airdrops – bounty, exclusive and holder. While a bounty airdrop requires you to promote or complete certain tasks associated with the project, an exclusive airdrop is only sent to designated users. These customers need to be either an early supporter of the project or a member of an active community associated with it.

This was done by the recent adopter of Bitcoin, El Salvador – where citizens were sent $30 worth of BTC for every citizen who downloaded the government wallet.

Holder airdrops distribute free tokens to wallets which have a certain amount of digital currency in them. If the balance meets the minimum requirement of the project, they can claim the said tokens.

How do crypto airdrops work?

Airdrops are usually distributed on Ethereum and Binance Smart Chains. These require the users to either have a certain amount in their wallet or promote the company.

Even though the users go through all the steps, there is no guarantee that the users will have access to the tokens of the projects that are being promoted. Oftentimes, the project only gives access to users who have been with the project before a particular date. As is true with all marketing tactics, crypto airdrops have their pros and cons.

Two sides to crypto airdrops

The crypto market is riddled with scamsters as well and it is necessary to be on high alert against ‘pump and dump’ schemes. These projects have a lot of hot air in them and while airdrops never ask for crypto investments, some fraudulent projects steal your wallet when you claim or transfer free tokens. A special precaution needs to be taken when one connects their wallet to the airdrop website.

In October 2020, Binance chain underwent what is called a ‘dusting attack.’ After sending tiny amounts of bitcoins to multiple addresses, a link to a malicious website was left in the transaction memo, making unwary users click on the link to receive it. Wallets are susceptible to attack and airdrops are one means to an end.

It is necessary for users to make sure the project they are investing in has been thoroughly researched and talked about before. If the founders are well known and can be held accountable on social media, it helps immensely. While airdrops are efficient in marketing a crypto product and cultivate a sense of decentralized ownership, one needs to keep a watch for possible fraud.


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Explainer: Can crypto holders recoup losses in court?

A downturn in cryptocurrency prices and crash of one stablecoin has led some investors to try to recover their losses in U.S. court. Here is how cryptocurrency litigation has fared so far and the challenges investors may face.
WHO IS BEING SUED?
Companies that created cryptocurrencies, exchanges that facilitated their sale, and individuals who promoted them have all been sued.
Kyle Roche, who represents cryptocurrency holders in several lawsuits, said U.S. claims over cryptocurrency often involve alleged violations of federal securities or commodities laws, which prohibit fraud and manipulation and require products and operators to be registered with U.S. authorities.
The latest lawsuit took aim at Terraform Labs, the company behind Terra USD, over the stablecoin’s recent collapse.
A crytocurrency investor sued the Seoul-based company and its Chief Executive Do Kwon on June 17, alleging they failed to register the company’s digital assets as securities and worked with several venture capital funds that backed Terra USD to defraud investors.
A Terraform Labs spokesperson called the claims meritless.
Tether, which is behind the world’s largest stablecoin, has been accused of rigging cryptocurrency markets in a lawsuit in New York. And Ripple, whose founders created the token XRP, has been hit with a lawsuit in California, claiming it sold unregistered securities.
Both lawsuits have survived motions to dismiss.
A spokesperson said Ripple disputes the allegations and will defend against them. Tether did not respond to a request for comment.
Cryptocurrency exchanges have been another target for investors seeking to recoup losses.
Binance U.S. was sued on June 13 by investors claiming it falsely marketed TerraUSD as a safe asset ahead of its collapse. And in March, investors accused Coinbase of selling 79 digital assets as unregistered securities.
Binance and Coinbase have denied the allegations.
Investors are also suing celebrities who have publicly touted cryptocurrency. A lawsuit filed in Los Angeles claims Reality TV star Kim Kardashian and boxing legend Floyd Mayweather Jr. engaged in a cryptocurrency pump and dump. Representatives for Kardashian and Mayweather did not respond to requests for comment.
LEGAL HURDLES
A wave of lawsuits brought in 2020 against exchanges alleging they fueled an illegal boom in digital coins largely failed after judges found some of the claims were filed too late or had too little connection to the United States.
Timing should not be an issue for newer lawsuits, but cryptocurrency holders seeking to sue overseas companies in U.S. court could still face hurdles.
Token holders won a default judgment in New York against Singapore-based exchange KuCoin, but dropped the case after a Singaporean court would not make the company provide information to enforce the judgment.
KuCoin did not respond to a request for comment.
Another potential hurdle for investors filing claims under securities or commodities laws will be showing their tokens meet the legal definition of those assets. Some courts have ruled that certain cryptocurrencies fit the bill, but the issue remains unsettled.
Cryptocurrency holders may face additional obstacles when going after exchanges. In the Coinbase lawsuit, the exchange has argued that it was not a party to the transactions, and that private litigants cannot enforce registration requirements.
HAVE ANY CRYPTO HOLDERS WON MONEY IN COURT?
While many cryptocurrency lawsuits are pending, the SEC has reclaimed some funds for investors in a handful of digital assets through settlements.
But even after a settlement, investors may face long waits and still end up with less than they shelled out.
Last year, blockchain company Block.one agreed to pay $27.5 million to settle token holders’ lawsuit alleging it had violated securities law.
More than 100 token holders filed claims worth more than $75.7 million, according to court filings. The settlement has not yet received final approval.




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The SEC probes Binance over BNB token

in addition, the draft would allow users to opt out of targeted advertising, and would permit individuals to sue over certain prohibited data uses. While it would also overrule many state privacy provisions, the draft bill would dramatically increase the Federal Trade Commission’s power to make rules in certain areas of privacy.

The text, known as the American Data Privacy and Protection Act, represents a bipartisan, bicameral agreement after years of stalled talks on data protection. It also lays out compromises on issues, such as lawsuits, that had stymied lawmakers even as industry, consumer groups and political leadership pushed Congress to act.

Despite the existing bipartisan agreement, the proposal still faces significant hurdles to becoming law this year. Foremost among them: It does not have sign-on from Democratic Sen. Maria Cantwell, who chairs the Senate Commerce Committee and is the most powerful legislator in the process. Although Cantwell reportedly is aiming to hold a hearing on privacy legislation in coming weeks, she dismissed the draft on Friday as doing too little to ensure companies “act in consumers’ best interests,” according to the Washington Post.

Congress also is trying to tackle major hot-button issues such as guns and abortion, while also moving forward with tech antitrust legislation. Lawmakers are also running against the clock, hoping to finish much of that work in the dwindling number of days left before the unofficial kickoff of the midterm campaign season in August and the election itself in November.

In addition, while some tech industry groups welcomed the progress, they also hinted they hoped for further concessions. And the U.S. Chamber of Commerce, the most powerful business lobby, said earlier this week it would use its firepower to oppose a text with “a blanket private right of action” allowing consumers to sue.

“In the coming weeks, we will be working with our colleagues on both sides of the aisle to build support and finalize this standard to give Americans more control over their personal data,” said a statement from Reps. Frank Pallone and Cathy McMorris Rodgers and Sen. Roger Wicker. Pallone chairs the House Energy and Commerce Committee, while McMorris Rodgers serves as its top ranking Republican member. Wicker is the highest-ranking Republican on the Senate Commerce panel.

The proposed bill would also offer consumers rights to access, correct, delete and move their data, and to opt out of its transfer to third parties — abilities that have become increasingly common under international or state privacy statutes. It would also put greater transparency requirements on companies, although some critics say those notices induce fatigue with consumers more than they empower consumer choices.

The bill includes a long list of provisions — such as those on data minimization and the handling of teens’ information — that could alter the workings of tech giants as well as data brokers, smaller firms in the industry and brick-and-mortar companies that use data and algorithms, whether public-facing or B2B.

The measure, for instance, would designate categories of sensitive data to receive heightened protections, including information on health, finances, location and biometrics. The sensitive category would also include “information revealing” race, religion, union membership and sexual orientation, among other classifications that are sometimes evident not just from users’ direct statements about themselves but also through an easy analysis of their interests, home addresses, travel patterns and more.

In addition to the civil rights assessments for big companies’ algorithms, the draft forbids data uses that discriminate “on the basis of race, color, religion, national origin, gender, sexual orientation, or disability.”

The text would also require companies to obtain express consent to collect and use most biometric and genetic information, and ban most handling of revenge porn. It would also require reasonable security practices and force CEOs of big companies to certify their firms have procedures in place to comply with the law, which could potentially put them on the hook personally for lapses.




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Bitcoin continues to be below $30,000, Ethereum down by up to 10 per cent

Bitcoin

Photo : iStock

New Delhi: The global cryptocurrency market remained under pressure on Friday too. Major cryptocurrencies witnessed a slight drop into the red. The market cap decreased by 5.28 per cent over the last day.

The total crypto market volume over the last 24 hours is $99.62B, which makes a 40.48% increase. The total volume in Defi is currently $8.00B, 8.03% of the entire crypto market’s 24-hour volume. The volume of all stable coins is now $86.39B, which is 86.72% of the total crypto market’s 24-hour volume. Bitcoin’s price is currently $28,896.40.

Cryptocurrencies have fallen sharply in recent weeks. Bitcoin has lost more than 20% of its price so far in May, following a 17% drop in April, highlighting the risks faced by holders of the highly volatile assets.

Other currencies such as, Ethereum, reflected a 10.67 per cent drop in 24 hours, trading at $1,741.16. Solana and Cardano dropped by more than 10 per cent. Solana traded at $41.51 and Cardano at $0.4573. Binance continued to fall with a 0.15 per cent drop in 24 hours, trading at $0,9994. XRP further dropped by 4.76 per cent in the last 24h, trading at $0.388. Tether USDT remained flat, trading at $0.999.
Dogecoin and Shiba Inu, known as meme coins, kept trading low. Dogecoin was down by 7.13 per cent, trading at $0.07721, and Shiba Inu was down by 12.54 per cent, trading at $0.00001025, as per data from coinmarketcap.com.

Bitcoin’s dominance is currently 46.10%, an increase of 1.35% over the day.

On the other hand, Ukraine, battered by three months of war, plans to continue to tap crypto investors to help raise funds after a plunge in prices decimated the country’s fundraising efforts in May, Reuters reported.

Following the Russian invasion of Ukraine on Feb. 24, the Ukrainian government used social media to ask for cryptocurrency donations. Ukraine’s Vice Prime Minister Mykhailo Fedorov this week at the World Economic Forum in Davos.

On March 19, the government’s it had raised more than $60 million worth of cryptocurrency. But two months later, on May 19, the total raised was worth $51.5 million, Ukraine’s deputy minister for digital transformation Alex Bornyakov said.


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What is Ravencoin (RVN) crypto? know price and performance

The Ravencoin (RVN) crypto gained traction on Thursday, evidenced by its price rally. The RVN token was up over 4%, but the volume fell 10% in the last 24 hours to Thursday morning.

What is Ravencoin (RVN) crypto?

Ravencoin is a digital peer-to-peer (P2P) network focused on implementing a use case-specific blockchain created to handle one specific function – transferring assets from one party to another. It is built on a fork of Bitcoin code.

Also Read: Why is Kyber Network Crystal v2 (KNC) crypto up over 17%?

After unveiling the project in October 2017 and releasing the binaries for mining, its full launch came in January 2018, without any pre-mine, initial coin offering, or masternodes. The project name has been inspired by the hit television series Game of Thrones.

Bruce Fenton, Joel Weight, and Tron Black had published the project’s whitepaper. It claims to have made key changes to the network, like modifying the block reward issuance schedule for 5,000 RVN tokens, reducing the block time to one minute, and capping a coin supply of 21 billion. It also introduced a mining algorithm that lowered the mining centralization caused by ASIC hardware.

Also Read: What is Grove (GVR) token? know price and performance

It intends to solve the issues related to the transfer of assets over the blockchain. Meanwhile, the RVN coins are designed as an internal currency within the Ravencoin ecosystem. RVN must be burnt for issuing the tokens on the network. These assets could represent real-world custodial objects like gold, currencies, stocks, etc.

The RVN token is available on exchanges like Binance, Huobi Global, OKEx, etc.

Also Read: Top S&P 500 industrial stocks to explore: DE, RTX, LMT, WM & RSG

Ravencoin (RVN) crypto price and performanceData Source: CoinMarketCap.com

Bottom line:

The Ravencoin (RVN) crypto was priced at US$0.03026 at 10:50 am ET on May 19, up 4.63%, while its volume for the last 24 hours declined 10.11% to US$16.86 million. It has a market cap of US$311.46 million, and its fully-diluted market cap is over US$624.51 million.

The token has a maximum supply of 21 billion, and its total and current circulating supply are over 10.47 billion. It returned gains of 26.62% in the last seven days. The token saw the highest price of US$0.05742 and the lowest price of US$0.02028 in the last 30 days.

Also Read: Why is IDEX (IDEX) crypto up over 122%?

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.




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Crypto Firms Wooing UK Cops With Attractive Pay Packages

Crypto Firms Wooing UK Cops With Attractive Pay Packages

Cryptocurrency firms are poaching UK cybercrime cops with offers of double or triple pay

Cryptocurrency firms, armed with cash and in need of regulatory experience, are poaching UK cybercrime cops with offers of double or triple pay.

The National Police Chiefs’ Council, the representative body for all UK forces, says they are losing experienced cybercrime officers and staff at 3 to 4 times the rate of the rest of policing. 

The NPCC estimates that around 15 individuals from a policing or law enforcement background now work for prominent crypto firms — and they expect this to increase significantly over the next year to 18 months.

“The loss of experienced cyber officers and staff is a significant problem for us,” said Andrew Gould, head of the NPCC’s cybercrime unit.

“Their skills are in high demand in the private sector so we can see them doubling or tripling their pay which is why they go.”

In 2018, UK police chiefs lobbied the government for funding to equip about 250 officers – dubbed crypto tactical advisers – and train them how to investigate, seize, and realize the value of digital currencies. Meanwhile, crypto firms and exchanges have had to face up to the threat posed by hackers as well as prepare for a slew of new global regulation. 

Surge in Crypto Seizures Has Cops Hunting for USBs, Passwords

Coinbase Global Inc., the largest US crypto exchange, and Chainalysis, a crypto research firm, are among those employing former law enforcement staff. Binance Holdings Ltd., the world’s largest crypto exchange by trading volume, appointed a former official at the UK’s Financial Conduct Authority as its Director of Regulatory Policy last week.

A Coinbase spokesperson said they “can play an integral role in keeping our customers’ funds safe and secure as we work toward becoming the most trusted on-ramp to the cryptoeconomy.”

But their gain is the police’s loss as agencies grapple with the departure of valuable staff they’ve spent years training in this area.

“Whilst we don’t begrudge them a well deserved pay rise operationally we can’t afford to lose such highly skilled staff at that rate,” Mr Gould said.


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ShiruPal Cryptocurrency Tech Company Announces the Launch

CALIFORNIA CITY, Calif., April 09, 2022 (GLOBE NEWSWIRE) — ShiruPal (Pty) Ltd is a Cryptocurrency Technology Company Based in South Africa.

The company is registered with the Companies and Intellectual Property Commission (CIPC), of South Africa, in compliance with the Companies Act 71 of 2008. 

Shiru Token is one of eight planned divisions of ShiruPal (Pty) Ltd. 

The Shiru team is backed by specialists, experienced in Enterprise Software Management Solutions that will enable product development inline with best of features and usability to ensure brand adoption to pave the way to a new future. With so many complex processes, high gas fees, loopholes and vulnerabilities exploited daily, ShiruPal recognize the need to change the future of cryptocurrencies. The team and company is community-driven, focused on delivering tailor-made solutions and services to the cryptocurrency industry. The Token will serve as the basis for every project developed. This will lock in value and dividends on all business ventures paid out to token holders by only holding Shiru Tokens. 

Mission:

ShiruPal’s mission is to enable every individual to trade and transact at low to minimal fees at their favorite shopping destinations, whether it is at a local retail store or online.

They plan to create a payment platform that can be used by both consumers and the commercial industry.

Vision:

Their vision is to become a world class leader by combining FIAT & cryptocurrencies seamlessly, essentially establishing a trust worthy source for payments globally.

Values:

  • Excellence in all they do
  • Winning with people
  • Customer focus
  • Accountability and transparency 

Current and Future Projects: 

  1. Shiru Token: BSC with 3% rewards in BNB per transaction. 
  2. Shiru Wallet: Cross compatible with iOS, Android and Microsoft Windows. 
  3. Shiru Swap: DEX, cross-compatible with iOS, Android and Microsoft Windows. 
  4. Shiru Change: CEX, zero trading fees, zero account management fees and no minimum deposits.
  5. Shiru Chain: Blockchain with in-house mining system to ensure near-zero gas fees. 
  6. Shiru Pay: FIAT and crypto integrated payment platform, facilitating any currency payments online.
  7. Shiru Chip: Debit Card facility linked to Shiru Wallet to shop and pay at favorite stores locally.
  8. Shiru Risk: Credit Risk Management, the first commercial Credit Bureau in the DeFi sector.

PinkSale Presale link: https://www.pinksale.finance/#/launchpad/0xE454CD15dA3EF0C3Db048dC98AA5C6d394F15A26?chain=BSC

Contract Address: 0xA9E85F8E01e9BC1ed13bA341A6cF769EfA2A7087

BscScan: https://bscscan.com/token/0xA9E85F8E01e9BC1ed13bA341A6cF769EfA2A7087

Website: https://www.shirupal.com15 different language translations available.

Email: info@shirupal.com

Telegram: https://t.me/ShiruToken

Related Images

Image 1: ShiruPal

Multiple projects to be developed and launched to create a complete ecosystem

This content was issued through the press release distribution service at Newswire.com.


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What is Qtum (QTUM) crypto and why is it rising?

The Qtum (QTUM) crypto is drawing investors’ attention on Tuesday. The QTUM token price surged over 10%, while its trading volume jumped more than 13% in the past 24 hours.

What is Qtum (QTUM) crypto?

Qtum is a proof-of-stake (PoS) smart contract, open-source blockchain platform. It aims to combine the power of Bitcoin (BTC) and Ethereum (ETH) in single chain. It is also considered a value transfer protocol.

Also Read: What is Ethereum Classic (ETC) crypto and why is it rising?

Qtum is created on the UTXO transaction model of Bitcoin, with added facilities for smart contract execution and decentralized applications (DApps). In addition, it supports decentralized finance (DeFi) applications.

The Qtum project was announced in March 2016. It launched an initial coin offering (ICO) in March 2017. It was co-founded by Patrick Dai, Neil Mahi, and Jordan Earls.

The QTUM coin was initially issued as an ETH-20 token, but after its mainnet’s launch, it became a native blockchain. The token is available on exchanges like Binance, Huobi Global, HBTC, etc.

Also Read: Why is OriginTrail (TRAC) crypto rising?

Why is it rising?

A string of positive news may have generated investors’ interest in the QTUM crypto. QTUM recently announced that its team would be a premier sponsor at the Binance Blockchain Week in Dubai. The three-day Binance blockchain event will be held from March 28-30 at the Trade Center Arena, Dubai World Trade Centre.

In addition, its ongoing Meme Contest has attracted many investors and crypto enthusiasts. The Qtum (QTUM) and the Guarda Wallet (GUARDA) are celebrating Qtum offline staking. The contest has a prize of US$2000 in QTUM coins for winners.

These positive developments may have triggered a price rally.

Also Read: Why is Oasis (ROSE) crypto rising?

Qtum (QTUM) crypto price and performanceSource: *Data provided by CoinMarketCap.com

Bottom line:

The QTUM coin was priced at US$7.46 at 11:41 am ET on March 22, up 10.68%, while its volume for the last 24 hours surged 13.71% to US$261.94 million. It has a market cap of US$739.46 million, and its fully-diluted market cap is US$804.89 million.

The token’s max supply is 107.82 million, and its current circulating supply is 99.05 million. It returned 19.88% gains over the past 30 days.

Also Read: Why is Fantom (FTM) crypto rising?

Risk Disclosure: Trading in cryptocurrencies involves high risks, including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.




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