Altcoins to Watch for Breakout Potential in 2024

Analyst Jason Pizzino believes that altcoins showing strength during the recent market correction will lead the charge in reaching new highs this year. Solana and Pendle on the Radar Pizzino has identified two altcoins that he believes are particularly promising: Solana (SOL): Despite the recent downturn, SOL has maintained its higher lows. Pendle (PENDLE): PENDLE…

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TradFi Takes Lead in Tokenizing Real-World Assets

Traditional finance (TradFi) is emerging as the dominant force in tokenizing real-world assets (RWA), according to blockchain data provider Kaiko Analytics. TradFi Giants Join the Tokenization Wave Major TradFi players such as Fidelity, JPMorgan, and BlackRock are leading the charge in tokenizing RWAs using crypto. Fidelity recently joined JPMorgan’s tokenized network, while BlackRock’s tokenized liquidity…

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Crypto Scams on the Rise: Fake Websites and Misinformation

Fake Websites and False Claims Scammers are creating fake crypto websites that feature made-up team members and claim partnerships with big companies like Binance and Polygon. Investigations have shown that these partnerships are completely fake. AI-Powered Scams Scammers are using AI to create realistic-looking websites and white papers, making it harder to spot the difference…

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Crypto Laundering: How Bankers Stashed Millions

Embezzlement and Money Laundering A Chinese bank, the Bank of Huludao, uncovered a massive embezzlement and money laundering scheme involving two of its former executives. They embezzled a whopping 1.8 billion yuan ($248 million) and used cryptocurrency to launder the funds. Cryptocurrency and Cross-Border Laundering The executives converted the embezzled funds into foreign currency and…

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RIAs Cautious About Bitcoin ETFs, Says BlackRock CIO

Samara Cohen, BlackRock’s CIO of ETF and index investments, recently stated that registered investment advisors (RIAs) have been hesitant to adopt Bitcoin exchange-traded funds (ETFs). Self-Directed Investors Drive ETF Adoption Cohen estimates that self-directed investors account for approximately 80% of Bitcoin ETF investments. Hedge funds and brokerages have also accumulated shares, but RIAs remain on…

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Crypto Analyst Predicts Big Gains for DeFi Altcoins

A crypto analyst believes that two decentralized finance (DeFi) altcoins are poised for a major rally. Curve and Convex Finance The analyst, known as Credible, is bullish on Curve (CRV) and Convex Finance (CVX). Curve is a stablecoin exchange, while Convex optimizes yields for Curve tokens. Catalyst for Rally Credible believes that the liquidation of…

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