Can Dogecoin reach $1 or not?

Whether Dogecoin can reach $1 is a hotly debated topic among crypto enthusiasts. While it is certainly possible, there are several factors that could influence its price trajectory:Market sentiment: If Dogecoin continues to gain popularity and attract new investors, its price could rise significantly.Adoption: Increased adoption in real-world transactions and payments could boost demand for Dogecoin.Technological developments: If Dogecoin developers implement major upgrades or innovations, this could boost the coin’s value proposition.Regulatory environment: Favorable regulatory policies could create a more favorable environment for Dogecoin’s growth. However, it is important to note that cryptocurrency price predictions are largely speculative. The market is volatile, and several factors can influence the price of Dogecoin. Investing in cryptocurrencies involves significant risks, and it is essential that you do your own research and understand the potential downsides before making any investment decisions.Want to learn more about Dogecoin or other cryptocurrencies?

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US Secret Service Shuts Down Cryptex Cryptex
The US Secret Service has seized a number of domains linked to Cryptex, another cryptocurrency laundering platform. Investigations have revealed that the platform facilitated over $1.4 billion in transactions, much of which were linked to criminal schemes including $441 million in transactions involving fraud and ransomware.

These actions were not unilateral, but rather were carried out in cooperation with international law enforcement, with Dutch police and other European law enforcement agencies seizing servers linked to PM2BTC and Cryptex.

The Ministry of Justice coordinates its efforts to target cyber financial crimes
The Ministry of Justice’s actions constitute a massive campaign directed against cyber financial crimes, while providing a clear message to combat illicit financial investments. This strategy - which includes several government agencies and international partners - aims to disrupt criminal networks and ensure the integrity of the global financial system.

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US Seizes Crypto Domains Used to Launder $800 Million, Russians Involved

The US Department of Justice (DOJ) announced on Thursday its crackdown on Russian money laundering operations worth an estimated $800 million, explaining that it has charged two Russian citizens and seized the domains of several cryptocurrency exchanges used in these operations; as part of the intensive efforts to eliminate financial networks involved in cybercrime and neutralize geopolitical influence.

DOJ Charges Russian Hackers “Talon” and “Jokerstash” with Involvement in Money Laundering Scheme
Sergey Ivanov, known as “Talon,” has been charged with money laundering and bank fraud, including fraudulent operations involving UAPS, PinPays, and PM2BTC services, which involved completing transactions worth more than $1.15 billion; The Justice Department explained that a large portion of these transactions, estimated to be worth about $368 million, were linked to criminal activity.

Similarly, Timur Shakhmametov, known as “JokerStash,” was accused of running a website of the same name that sold stolen bank card details, noting that the profits from these suspicious sales exceeded $1 billion.

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Centralized and DeFi Platforms Face Growing Risks
While DeFi platforms have seen a higher number of hacks, their centralized counterparts (CeFi) have suffered much higher losses, with individual attacks resulting in hundreds of millions of dollars in assets being stolen from these platforms.

“We are seeing more attacks on DeFi platforms, while centralized exchanges are seeing fewer attacks that result in much higher losses, with one of them typically resulting in hundreds of millions of dollars in assets being stolen,” said Mitchell Amador, co-founder and CEO of Immunefi.

Amador noted that managing private access keys to wallets remains one of the biggest vulnerabilities for DeFi platforms, explaining, “There needs to be strict policies, practices, and contingency plans in place to manage these access keys.” As a result of these attacks, some exchanges, such as WazirX, have already begun working to recover stolen assets and restructure their systems.

WazirX Begins to Recover
The release of this report coincides with a decision by the High Court of Singapore to grant WazirX a 4-month grace period to restructure, giving it time to recover affected customer balances and reset operating systems.

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New Immunefi Report Reveals Over $409 Million in Digital Assets Lost to Crypto Hacks in Q3 2024

Immunefi has revealed that over $409 million in digital assets were lost to crypto hacks in Q3 2024, highlighting the vulnerabilities that are prevalent within the centralized finance (CeFi) and decentralized finance (DeFi) ecosystems.

Crypto Hacks Lead to Massive Losses in Q3 2024
The Immunefi report highlighted that over $300 million in losses were caused by hacks on Singapore-based BingX and its Indian counterpart WazirX, which together accounted for 69.5% of the total losses during the quarter.

While DeFi ecosystems continue to grow rapidly—with over $87 billion in total value locked (TVL) on their technology platforms—there are no signs of a decline in the threat from hackers, with these attacks accounting for 99.25% of total Q3 losses, while fraud represented just 0.75%. Fraud has been declining over the years, decreasing by 86.4%. Total losses of $409 million reflect a 40% decrease compared to the corresponding quarter of 2023, which saw losses of over $685 million due to fraud and hacking incidents.

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What is Web3?

Web3 is an umbrella term for technologies such as blockchain that decentralize ownership and control of data on the Internet. Most Internet applications are controlled by central entities that determine how end-user data is stored and how it is used.

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Here’s How a Solana Holder Turned $1.3K Into Over $3.4 Million

A trader made millions after investing 9.8 Solana (SOL), equivalent to $1,331, to acquire 38,700,000 MOODENG tokens on September 10.

Today, that initial investment has ballooned to over $3.4 million. That’s 2,554 times your money in just fifteen days.

MOODENG stock is up 29.9% in the last 24 hours and up 161% over the week. The coin is priced at $0.0122291 as of writing. The coin has recently shown positive price action even amidst wild market volatility.

MOODENG has a market cap of $9,639.86 and is ranked#5436on the cryptocurrency list. The trading volume over the past 24 hours is $2,473.46, or 53.67% lower than before.

The trading volume to market cap ratio is 25.66%, indicating moderate trading volume compared to the available market.

Although the token volumes have become less active, the overall price trend remains bullish, with the seller claiming that there are 42.07P MOODENG in circulation. There is evidence that traders are still taking advantage of short-term volatility and pushing the token price higher.

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Solana Could Hit $330, Half Ethereum’s Market Cap — VanEck Report
Solana relies on a single architecture that allows the network to benefit from speed and efficiency that standard blockchains lack.

, thanks to Solana’s superiority in speed and transaction processing. The report notes that Solana can process thousands of transactions per second (TPS), which is 3,000% higher than Ethereum’s TPS.

The report also highlights that Solana has 1,300% more daily active users than Ethereum, and that transaction costs are 5 million percent lower on Solana.

These clear advantages in speed and cost efficiency show Solana’s superiority over Ethereum, especially when it comes to payments and remittances, according to the report’s authors. The report also noted that stablecoins have been a major driver of DeFi activity, which could benefit from Solana’s ability to pass reduced costs on to users.

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Ethereum surges 188% in key metric as price nears $2,700

The Ethereum (ETH) network saw a massive 188% spike in network fees over the past week, reaching $45.2 million, the highest level since June 2024.

This surge in fees indicates increased network activity, which boosts demand for Ethereum and could lead to a potential rally in the price of the coin.

In addition, the increased fees enhance Ethereum’s deflationary advantage resulting from burning a portion of gas fees, which puts pressure on the circulating supply.

Currently, as Bitcoin’s price surges past $66,000, Ethereum is trading at $2,653 amid growing bullish sentiment in the market.

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Former Binance CEO CZ to be released ahead of schedule

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“Changpeng Zhao” or as he is abbreviated by the letters (CZ), the founder and former CEO of Binance, after being sentenced to four months in prison, has finally been released from prison ahead of the official date set for September 29.
“CZ” spent four months in prison for violating the US Bank Secrecy Act related to anti-money laundering.

He spent the first half of his sentence in a low-security prison in California, and then was transferred to a house in Long Beach.

Although he no longer runs Binance, “CZ” remains its largest shareholder.

After his release, he may focus on his charitable project “Giggle Academy” that aims to educate underprivileged children.

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Robinhood Plans to Enter Stablecoins: Can It Challenge Tether?

BPO47 U1YBH Interest Envelope

Robinhood is planning to enter the stablecoin market, according to a new report from Bloomberg, but it has not announced any immediate plans.
Despite its launch in the US brokerage market, Robinhood has expanded its cryptocurrency business, generating significant revenue from these transactions in the second quarter of 2024.
Its potential plans to launch a stablecoin to rival market leader Tether show that it aims to take advantage of the European Union’s Market in Crypto Asset Regulation (MiCA).

This move could bring about major changes in the stablecoin sector globally.
For the record, unlike Bitcoin and other volatile cryptocurrencies, stablecoins are decentralized digital currencies that are pegged to either currencies, other physical assets, or both.
This makes them extremely stable – hence the name stablecoin.
While mainstream financial institutions often shy away from adopting cryptocurrencies, many have already embraced stablecoins due to their advantages of fast settlements and low fees.

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