Deutsche Bank criticised by regulators over forex mis-selling probe - cyptoranking.com

2024-04-28

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In contrast, the Israel-Palestine conflict presents a unique scenario with its deep-rooted historical, religious, and geopolitical challenges. 1/ This whale has been doing arbitrage with ETH/stETH.Let’s take a look at his strategy and see how much money he makes. pic.twitter.com/HtsgdiNb8i— Lookonchain (@lookonchain) October 9, 2023 Deutsche Bank criticised by regulators over forex mis-selling probeSource: Adobe/ymgermanNathaniel Chastain, a former manager at the non-fungible token (NFT) marketplace OpenSea, has made the decision to serve his three-month prison sentence for insider trading while his appeal is still pending.Chastain's lawyers submitted a letter to the New York District Court on Wednesday, informing the judge that their client had withdrawn his application for bail during the appeal process. Consequently, in accordance with the court's previous order and judgment, Chastain will voluntarily surrender himself by November 2 to commence his sentence while awaiting the outcome of his appeal.Back in May, the former OpenSea product manager was found guilty of wire fraud and money laundering in the first insider-trading trial involving NFTs.Chastain was accused of using confidential information to make thousands of dollars in profit by buying NFTs just before their listing on OpenSea's homepage, where their prices would immediately increase. Once the prices had increased, Chastain would then sell the NFTs at a profit, violating his duty to keep the information confidential. The government alleged that he made over $57,000 in profit from his illicit actions.Chastain Sentenced to Three Months in JailOn August 22, Chastain was sentenced to three months in prison for engaging in insider trading on the NFT platform. Additionally, he was ordered to pay a $50,000 fine and forfeit any illicit cryptocurrency profits derived from his trading activities on OpenSea.During the trial, prosecuting attorney Allison Nichols argued that Chastain was fully aware that he was violating the law by executing these trades through anonymous OpenSea accounts.Chastain had previously argued that NFTs aren’t securities or commodities and therefore aren’t subject to the government’s theory. He also contended that he didn’t commit money laundering because the transactions were made on a public blockchain. However, his decision to serve the prison sentence amid ongoing appeal signals a willingness to accept the consequences of his actions. NFT Market Struggles to Recover After 2022 CrashOnce considered the next big thing in the crypto world, NFTs have failed to recover following the 2022 crypto meltdown. Investors have seen the value of their blue-chip NFTs drop significantly, with floor prices dropping to record low levels and falling trading volume.The prolonged downturn has even forced some NFT platforms to close down operations. Recur, an NFT marketplace supported by billionaire Steve Cohen and renowned for its Hello Kitty NFT partnership, has announced it’s winding down due to “unforeseen challenges and shifts in the business landscape.” Likewise, Mark Cuban-backed NFT social media platform Nifty’s has decided to cease operations, citing unsuccessful investment opportunities.Even platforms like Blur, a leading NFT marketplace, have witnessed a staggering 96% drop in sales volume measured in Ether between late June and early August. OpenSea, the second-largest NFT marketplace, has also seen a more than 90% drop in trading volume.NFTs and Metaverse: Activewear and Luxury Brands Embrace Web3 Innovation No banks or institutions are involved in accounting for your money as there are no mediators to authorize transactions for these applications. There are multiple software available for users, most of which have been built using the Ethereum network.

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Bitcoin was the first to support smart contracts but had a rigid structure, making it feel limited when compared to Ethereum. Even now, Ethereum still stands out among other smart contract platforms, earning first place in the Coin Gecko’s list of “Top Smart Contract Platform Coins by Market Cap”, at the time of writing. Bitcoin (BTC/USD) retained a negative bias early in the Asian session as the pair reversed course after trading as high as the 27739.94 area, representing a failure to sustain a short-lived break above the 50% retracement of the recent appreciating range from 27160.47 to 28288.88.Buying activity had lifted BTC/USD from around the 27268 area but the risk of a return to this area emerged when BTC/USD moved back below the 27503 level, representing the 23.6% retracement of the broad depreciating range from 28613.37 to 27160.47.Traders are carefully monitoring significant technical levels around the 27194, 26988, 26756, 26546, and 26318 levels as downside risks expand.Below the market, Stops are accruing below some downside price objectives including the 24155, 23270, 23204, 23164, 22949, 22028, 21496, 21242, and 20702 areas. Order Book Trading-How It Works|by Onomy Protocol-MediumCryptocurrencies, on the other hand, were able to stay in the green. Bitcoin and ether gained about 4% and 1.5% in September 2023, respectively. These mild returns came after a bad August, where both cryptos lost more than 11%. You might also like: PancakeSwap launches fiat crypto selling with new partnershipVerato and CLEAR Revolutionize Healthcare with Digital Identity Partnership

Weekly chart for ETH/USDT (Source: TradingView) Since crossing the $0.00001 mark in August, Shiba Inu’s price performance has been underwhelming. Vital on-chain indicators point toward a potential third consecutive losing month for SHIB holders. Best Cryptocurrency To Buy Now - June 2023 Top 5Shiba Inu (SHIB) has been facing a challenging period recently. The token's price dynamics have been less than favorable, raising concerns among its vast community of holders. Will the Bitcoin halving have any meaningful impact on XRP price?

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