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U.S. Department of Justice: The CEO of investment company “SAM” was sentenced to two years in prison for participating in a “merit-picking scheme” for cryptocurrency futures contracts.

According to the announcement issued by the US Department of Justice, Peter Kambolin, CEO of investment company Systematic Alpha Management LLC (SAM), has been sentenced to two years in prison and ordered to forfeit $1.6 million for implementing a "preferential plan" involving algorithmic trading strategies for cryptocurrency futures contracts in marketing. It is reported that Systematic Alpha Management LLC was established in 2007, and as of 2011, its assets under management exceeded $720 million. From January 2019 to November 2021, Kambolin, who was then a commodity trading advisor and commodity pool operator, participated in a "preferential plan" and fraudulently allocated profits and losses from futures trading for his own benefit.

SatoshiVM transferred 1,217,818 SAVM to 248 influencer addresses

SatoshiVM transferred 1,217,818 SAVM (worth $10.5 million, accounting for 11.5% of the total supply) to 248 influential addresses, including Thor Hartvigsen, as monitored by Lookonchain. Currently, these 248 addresses still hold 483,493 SAVM (worth $4.16 million), while 734,325 SAVM (worth $6.32 million) have been transferred or sold.

U.S. Senators Propose Bill to “Combate Illegal Use of Crypto-Assets” through Public-Private Partnership

US Senators Bill Hagerty and Cynthia Lummis introduced the "Partnership to Prevent Illicit Financing Act of 2024" on Wednesday. According to the text of the bill, it aims to "establish an information sharing pilot program to combat the illicit use of cryptocurrency." The legislation seeks to combat illicit finance by strengthening communication between federal law enforcement agencies and private companies. The announcement provides some details on the pilot program to prevent illicit finance through partnerships in 2024, which will be led by the Attorney General and composed of 20 voluntary currency service companies and cryptocurrency companies. Senator Lummis believes that every industry has bad actors, including cryptocurrency, but do not misunderstand, cryptocurrency itself is not the problem.

Everstake launches official app on Safe platform

Validator and staking platform Everstake has launched its official application on the digital asset management platform Safe, allowing users to participate in staking with as little as 0.1 ETH through its application.

Stratis launches token exchange process, and the on-chain token exchange time is extended to March 21

On January 20th, blockchain technology company Stratis announced that it will launch an exchange portal where users can verify their participation in token exchanges and check the amount of tokens they will receive after the exchange. At the same time, Stratis has started the token exchange process, and the on-chain token exchange time has been extended to 02:00 on March 21st Beijing time, with the STRAX snapshot time also being March 21st at 02:00 Beijing time. The off-chain token exchange time is from March 28th to December 29th at 17:00 Beijing time. The StratisEVM is currently planned to be launched on March 21st, 2024, and tokens will be distributed on the first day of StatisEVM's release. Stratis will distribute airdrops to all users who have previously performed the exchange to compensate for any potential loss of staking rewards.

European Cryptocurrency Trading Volume Increased Over 200% in December

According to a new report from Kaiko, European cryptocurrency trading volume in December increased by over 200%, with monthly trading volume in euros reaching €16 billion (approximately $17 billion), up from a low point of around €5 billion (approximately $5.4 billion) three months ago. Kaiko stated that the surge in trading activity among traders helped Europe's market share in global fiat currency trading volume rise from 6.2% in the past 12 months to 7.7%. In addition, data shows that a few exchanges account for over 98% of euro trading volume, including Bitvavo, Kraken, Coinbase, Bitstamp, and Binance.

CoinGecko: More than 50% of cryptocurrencies have died since 2014

According to CoinGecko's report, since 2014, out of over 24,000 cryptocurrencies listed on CoinGecko, 14,039 have died, accounting for over 50%.Most of the dead cryptocurrencies were launched during the bull market from 2020 to 2021. During this period, 7,530 cryptocurrencies died, accounting for 53.6% of all dead cryptocurrencies on CoinGecko. During the previous bull market, over 11,000 cryptocurrencies were listed on CoinGecko, and about 70% of them have since been shut down.In 2023, 289 cryptocurrencies listed on CoinGecko died. This means a failure rate of less than 10%, with over 4,000 cryptocurrencies listed, a significant decrease from previous years.

The total market value of cryptocurrency exceeded $1.76 trillion, and BTC’s market share was 47.3%

According to CoinGecko data, the total market value of cryptocurrencies has reached 1.76 trillion US dollars, with a 24-hour decline of 0.5%. In addition, BTC market share is 47.3%, and ETH market share is 17.3%.

U.S. cryptocurrency stocks fell before the market opened, with Marathon Digital falling more than 4%

Data shows pre-market declines in US cryptocurrency stocks, with Marathon Digital falling over 4% and Coinbase and Canaan Inc. both falling over 2%.

Cryptocurrency concept stocks surge, Canaan Technology rises more than 14%

The three major U.S. stock indexes collectively opened higher, with the Dow up 0.21%, the Nasdaq up 0.34%, and the S&P 500 up 0.22%. The U.S. Securities and Exchange Commission has approved the listing and trading of 11 Bitcoin spot ETFs, and stocks related to cryptocurrencies have soared, with Canaan Technology up over 14%, Marathon Digital and Riot Platforms up nearly 7%, and MicroStrategy up nearly 6%.