A high-profile Russian influencer, popularly known as the “Queen of Crypto,” is under scrutiny for allegedly defrauding investors out of $22 million.

According to various reports in the Russian press, Valeria Fedyakina, who made a name for herself as “Bitmama,” is accused of operating a pyramid scheme that ensnared multiple victims in only two months.

Four Victims Lost $22 Million

The 24-year-old was arrested just over a year ago following lengthy investigations prompted by numerous complaints from her investors. Per the reports, some of her victims claim to have lost staggering amounts of money, with one even stating she stole about $74 million from him.

However, official investigations have so far only confirmed losses totaling slightly more than $22 million in various currencies, including crypto, from four main victims.

Detectives claim Fedyakina posed as a cryptocurrency expert, asserting she had global offices in several cities, including Dubai, Monaco, and Moscow. This facade helped her to gain the trust of potential investors, who she convinced to transfer funds under the pretext of investing in lucrative crypto ventures.

Bitmama reportedly promised investors a 1% return on their money, which she said would be converted into cryptocurrency. Such assets have become increasingly popular in Russia as the country seeks ways to bypass biting economic sanctions.

The scheme allegedly involved telling the victims that their funds would be sent to Dubai to circumvent banking restrictions. Fedyakina’s plotting wasn’t restricted to crypto alone; one victim told investigators how she lured him into investing millions in a supposed oil export scheme, promising high returns in an unreasonably short period.

Fraud Proceeds Allegedly Used to Fund Ukrainian Army

As the probe unfolded, law enforcement authorities discovered that the influencer had directed substantial sums to support Ukrainian military efforts, saying she was raising funds to combat Russian aggression.

However, despite the gravity of the allegations, her defense team has maintained that she never intended to deceive anyone. They have continuously denied the fraud claims, saying instead that their client is a victim of a broader unspecified conspiracy within the crypto space.

Fedyakina has also asserted her loyalty to Russia’s cause, reportedly stating that she would support its military if released.

Her legal troubles intensified when she attempted to flee Russia for the United Arab Emirates (UAE) shortly after her arrest. Given that she was six months pregnant at the time, the incident garnered a lot of attention in the media, forcing authorities to place her under a more lenient house arrest temporarily.

However, soon after she gave birth in a special maternity facility, Fedyakina was returned to detention, where reports claim she was facing harsh conditions.

Prosecutors are expected to file formal charges against her in November, and if convicted, she could face ten years in prison. They have not only accused her of facilitating illegal crypto transactions but have also charged her with orchestrating several scams targeting private investors and large corporations.

The post Russian Influencer ‘Queen of Crypto’ Facing $22M Crypto Fraud Allegations: Report appeared first on CryptoPotato.

Oct 27, 2024

6thTrade

Ethereum (ETH) took an unexpected turn this week, shedding over 13% since Monday and falling as low as $2,380 on Friday. This sharp retracement has stirred unease among investors who had been eyeing a potential breakout, now questioning the strength of Ethereum's recent rally. Yet, new data from Santiment reveals a fascinating shift—whale activity in Ethereum has surged to a six-week high just as prices dipped, hinting at an intriguing possibility. $ETH




Whale Accumulation Amid the Dip: A Bullish Signal?
The jump in large transactions suggests that whales, or major holders with substantial assets, may be accumulating Ethereum at lower prices. Historically, whale accumulation during downturns signals a potential opportunity, as these key players often buy assets they believe to be undervalued, anticipating long-term gains.
This activity typically points to renewed confidence among these large stakeholders. When whales start accumulating, they often act as a stabilizing force in times of volatility, signaling that significant players see value even as prices decline.
Ethereum at a Pivotal Point
As the dust settles, the coming days will be crucial for Ethereum's next move. If ETH can hold above recent lows, it could set the stage for a rebound, restoring investor confidence. Conversely, if support weakens further, the market may lean toward a bearish outlook, with potential for ETH to dip even lower.
Investors are now keeping a close eye on Ethereum’s price movements and whale activity, which could provide clues to Ethereum’s short-term direction.
Are We On the Verge of a Rally?
Despite Ethereum’s recent setback, sentiment among both investors and analysts remains cautiously optimistic. Santiment data highlights that Ethereum’s whale activity hit a six-week high as prices dropped to $2,380, a pattern often seen during periods of accumulation. This behavior, particularly when prices dip, suggests that whales are positioning themselves for a potential recovery, confident in Ethereum’s long-term value.

Major accumulation phases, historically, set the foundation for price rebounds. Although there are no guarantees of an immediate surge, sustained whale activity at current levels indicates that these prominent investors view this as an opportunity to strengthen their holdings, laying the groundwork for a potential rally.
The Role of Accumulation and Market Dynamics
Ethereum’s recent price action has been choppy, struggling to build on occasional bullish signals. Some analysts speculate that this could be due to a gradual buildup by institutional investors or “smart money,” who often prefer to accumulate during periods of low volatility. This dynamic may be playing out here, with whales slowly increasing their holdings in anticipation of future gains.
As whale activity intensifies, Ethereum could be setting up for a stronger move once the accumulation phase is complete. This accumulation could eventually push prices higher, reflecting a broader sense of renewed confidence among high-cap stakeholders.
ETH Price Action: Key Levels to Watch
Currently trading at $2,466, Ethereum is holding just above its recent lows but remains close to the critical $2,550 resistance level. For bullish momentum to return, ETH needs a decisive break above this level, which would signal strength and open the path to the 200-day exponential moving average (EMA) at $2,783. Achieving this milestone could renew bullish sentiment and inspire optimism among investors.
However, if ETH struggles to surpass $2,550 in the coming days, the risk of prolonged sideways trading—or even a deeper correction—increases. In this scenario, Ethereum could retest previous support levels as traders reassess market sentiment.
Ethereum's price action currently hangs in a delicate balance. The $2,550 level and the 200-day EMA represent pivotal points for bulls who aim to regain control and sustain a potential uptrend. For now, the focus remains on these levels, with whale accumulation providing a potential boost if the trend aligns.

Image Credit : Santiment

Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.

$FLOKI


I remember we traded Floki Inu successfully on the bullish side, it was a nice ride, do you remember? Market conditions have changed.

Notice the huge green candles in February 2024, these are about to be reversed; the mirror image. The same that happened in February 2024 as bullish you will see now as bearish.

Floki Inu (FLOKIUSDT) peaked in March 2024. It produced a higher high in June as part of an irregular correction, it has been moving down since.

A major low was hit in early August and after more than 80 days of sideways there is no signification bullish action, which tells us that we are seeing a bearish consolidation phase; Floki Inu is now in distribution.

The highest buy volume came in March. After March, the biggest volume bars are red. Mostly selling, selling pressure and lower prices; a crash comes next.

The two main support levels are mapped on the chart. It will be epic. If you are still holding this pair, RUN!

Namaste.
If you want coin analysis like BTC , ETH , SOL , DOGS , PEPE , SHIB ....etc just follow me

The industry is now looking ahead to the July 1 commencement of the Artificial SuperIntelligence Alliance (ASI) merger between Fetch.ai (FET), SingularityNET (AGIX) and Ocean Protocol (OCEAN). In a bid to grant clarity to the community, Humayun Sheikh, the founder of Fetch.ai, has come out to clear the air regarding the role of the Coinbase exchange in the process.

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In an unusual move, Coinbase has come to disclose that it does not plan to support the tripartite token merger. Responding to this, Humayun noted that this will not be an issue, as centralized exchanges (CEXes) do not need to either list or relist FET. This, he noted, is because FET is already listed on these platforms.

$fet is ASI. $ocean and $agix are merging into $fet. CEXs don’t need to delist or relist $fet it is there already. If you hold $fet do nothing. We are working hard to resolve any issues please bear with us. Timeline has not changed. @coinbase has only announced that the swap will…

— Humayun (@HMsheikh4) June 27, 2024

Per the arrangement of the merger, the duo of AGIX and OCEAN will first be integrated into FET at a predefined ratio unveiled earlier. After this, FET will now metamorphose into an ASI token. To the Fetch.ai founder, the team has opened a dialogue with Coinbase and hopes to get some resolutions soon.

He pointed the community to the fact that, though Coinbase said its main exchange will not support the alliance, he noted that the trading platform has also confirmed that swaps from one of the tokens in the alliance to another will take place via its custodial wallets. Humayun noted that different trading platforms have their unique processes to support the ASI Alliance.

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Ultimately, Humayun noted that many exchanges are supporting the merger, and the process will continue as planned. The respective tokens are undergoing intense selling pressure at the moment, considering the uncertainty in the ecosystem.

At the time of writing, FET is down by 10.42% in 24 hours to $1.45, AGIX is down by 9.14% to $0.6118 and OCEAN has plunged by more than 9% to $0.6092.

🎉 Happy eCash Day! 🎉
Today we celebrate three amazing years since the eCash rebranding! 🥳Join us as we reflect on the incredible milestones and achievements we've made since the last eCash Day! 👇🏼
🎁 Staking Rewards Went Live 🚀

🔹 On November 15th, 2023, we marked a pivotal moment in the eCash journey with the successful launch of Staking Rewards for Avalanche enabled nodes! This novel approach has set eCash apart as a leading Bitcoin fork that includes staking rewards, a completely permissionless feature that has significantly boosted the network’s security and efficiency. In this period, the overall staked amount has skyrocketed from 69.4 billion XEC to an impressive 242 billion XEC, making it even harder for malicious actors to attack the network. In fact, the cost of attempting a double-spend on eCash now surpasses that of BTC. The number of nodes has also surged from 33 to 94, and the Avalanche Peers have increased from 19 to 73, and we are just getting started! 🔥
ℹ️ Learn more about XEC staking and requirements ➡️ https://e.cash/staking
👨🏻‍💻 IFP as Miner Policy
🔹 The infrastructure funding protocol has been turned into a miner policy. This means funding addresses can be changed in minor releases, and the new rule will be applied as soon as enough nodes upgrade to the new addresses, constituting a decentralized and independent self-funding mechanism subject to market forces.
⚛️ CashFusion Launched 🚀

🔹 We launched CashFusion (Opt-in Privacy) with stable liquidity marking a significant milestone in the eCash Usability Roadmap. ✅
ℹ️ Learn more: https://e.cash/blog/opt-in-privacy-a-cash-fusion-guide-for-ecash
🔎 Chronik Indexer Launched 🚀

🔹 With the release of Bitcoin ABC v0.29.0, the integration of the Chronik Indexer with the eCash node software was fully completed, marking a major achievement! 🔥 With the integrated Chronik indexer, eCash provides a robust indexing tool that is super fast, scalable, and secure. Developers can create their apps with ease, without having to deal with the usual limitations of third-party indexing software.
⤵️ Learn more: https://twitter.com/eCashOfficial/status/1775923219616174105
🎁 Block Reward Halving Completed ✅
🔹 The eCash network has completed its first-ever block reward halving! The block reward subsidy has been reduced from 6.25M XEC to 3.125M XEC as of block height 840,000. The yearly inflation rate is now at 0.83%.
eCash Network Upgrades: 2️ 🚀
👉🏼 https://e.cash/upgrade
Bitcoin ABC Releases: 2️8️ 🚀
👉🏼 https://bitcoinabc.org/releases/
Electrum ABC Wallet Releases: 8️ 🚀
👉🏼 https://bitcoinabc.org/electrum/
🆕 Cashtab Wallet Features & Improvements 🛠️
🖼️ Added support for Non-fungible Tokens (NFTs)
🖼️ Began development of eCash NFT marketplace - Agora
🔁 New ‘Swap’ feature allowing users to swap to/from XEC directly in Cashtab wallet using the integrated Sideshift.ai widget 🔥
📒 Released the "ecash-lib" library for transaction building. Available at https://npmjs.com/package/ecash-lib
⚙️🔄 Upgraded Chronik-client to auto-cycle in the event of server outage, increasing uptime and reliability
💳 Added support for BIP21 transactions, unlocking possibilities for diverse web app transactions and seamless web app integrations with Cashtab Wallet
♾️ Added support for minting eTokens with variable supply
🎁 Introduced Cachet token⭐️ rewards that can be used for unlocking exclusive wallet features
🎨 Misc. UI/UX Improvements
🆕 Ecosystem Apps ⚙️
1️. PayButton 🔳

🔹 On September 13, the GNC-funded the PayButton project was launched. This fantastic addition to the growing eCash ecosystem has made accepting XEC payments on the web even more convenient! 🔥🚀
⤵️ Learn more: https://twitter.com/eCashOfficial/status/1701782771893440664
2️. eCashStaking 🥩
🔹 Stake XEC and earn rewards without running a node!
👉🏼 https://ecashstaking.com
3️. eCash Holdings 🐋
🔹 Discover your XEC holding status!
👉🏼 https://ecash.holdings
4️. eCash Land 🏙️
🔹 Dive into a world where each click colors a pixel, turning the vast digital canvas into your playground!
👉🏼 https://ecash.land
5️. eCashStakingCalc 🔢🎁
🔹 Quickly estimate your XEC staking rewards profitability! 
👉🏼 https://ecashstakingcalc.com
6️. #eCashArmy Community Panel 🪖
👉🏼 https://www.ecash.army
7️. eCashChat.com 💬
🔹 Decentralized web3 messaging platform tailored for on-chain communications!
👉🏼 https://eCashChat.com
🆕 Integrations/Listings 🤝

🔹 Four prominent South Korean 🇰🇷 exchanges UPbit, Bithumb, Coinone, and Korbit started offering 1-confirmation XEC deposits, powered by Avalanche Post-Consensus on eCash! ⚡️🛡
👉🏼 https://scorecard.cash
📈 BinanceTR added a new trading pair for eCash: Turkish Lira TRY/XEC 🔥
👉🏼 https://www.binance.com/en/trade/XEC_TRY
📈 CoinEx exchange added a new trading pair for eCash: XEC/BTC 🔥
👉🏼 https://www.coinex.com/en/exchange/xec-btc
🛒 NOWPayments.io, a leading cryptocurrency payment gateway, integrated eCash, allowing merchants to accept eCash XEC payments seamlessly! 🔥
👉🏼 https://nowpayments.io/blog/ecash-announcement
🧑‍💻 NOWNodes integrated eCash and started offering eCash RPC Full Node as a service, providing an easy service for developers to build on eCash! 🦾🔥
👉🏼 https://nownodes.io/xec
✅ Bit2Me wallet integrated eCash XEC, offering users many options to buy eCash (XEC) conveniently! 🔥🚀👉🏼 https://bit2me.com/buy-ecash
✅ CoinRabbit listed eCash, allowing users to get instant crypto loans by borrowing against their XEC holdings! 🔥🚀
👉🏼 https://coinrabbit.io/
🔥 Coinsbee🐝 integrated eCash, enabling users to buy gift cards with XEC through NOWPayments.io's secure checkout! 🧧😍
👉🏼 https://www.coinsbee.com/en/
🔥 Trocador App listed XEC, allowing users to trade XEC and get access to virtual prepaid cards! 🚀
👉🏼 https://trocador.app/en/
💱 Sideshift.ai instant exchange listed eCash, enabling users to swap to/from XEC conveniently, without having to sign up! 🔥
👉🏼 https://sideshift.ai/btc/xec
🤝 Wirex listed eCash, allowing users to buy, deposit, or exchange XEC on Wirex and spend XEC in over 50M retailers in 200+ countries with the Wirex Card! 😍
👉🏼 https://wirexapp.com/
💱 CoinTR exchange listed eCash (XEC)! 🚀
👉🏼 https://www.cointr.pro/en-us/spot/XECUSDT
💱 KoinBX exchange lists eCash XEC! 🔥🚀
👉🏼 https://koinbx.com/trade/XEC-INR
💱 CEX.io exchange listed eCash (XEC)! 🔥🚀
👉🏼 https://trade.cex.io/spot/XEC-USDT
💱 Guardarian integrated eCash, offering a multitude of options to buy, sell, and swap eCash (XEC) with low fees, no sign-up required! 👌
👉🏼 https://guardarian.com/buy-xec
💱 Exchang - a non-custodial instant cryptocurrency exchange listed eCash (XEC)! 👌
👉🏼 https://exchang.io
🤝 3XPL block explorer integrated eCash! 🎉
👉🏼 https://3xpl.com/ecash
🤝 Chainspect app integrated eCash! 🔥
👉🏼 https://chainspect.app/chain/ecash
💫 Community Milestones
🥳 eCash secured 1st place 🏆 in the #BestOfTheRest Crypto 🪙 Tourney organized by @UltimateCrypto7
https://x.com/UltimateCrypto7/status/1788670811060277537
🎉 eCash is on 200K+ watchlists on CoinMarketCap
⭐ https://coinmarketcap.com/currencies/ecash/
🎉 eCash joined Binance Square ☑️
Follow 📲 https://www.binance.com/en/feed/profile/eCash
🎉 200+ blog posts on ProofofWriting.com
🎉 300k+ social media followers and counting 😉
And that's a wrap! 🎉
The journey of eCash and its innovative strides forward is a testament to the boundless energy and dedication of our global community. Your relentless enthusiasm has fueled every milestone we've reached! Keep the momentum going #eCashArmy! 🔥
Here's to celebrating another year of progress and prosperity ahead! 🥂🎉
Originally Published: https://e.cash/blog/ecash-day-2024-celebrating-three-years-of-e-cash-xec

ATTENTION FET HOLDERS!
As you might've heard, there's a big token merger happening today with Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) coming together to form the Artificial Superintelligence Alliance (ASI). 

Confused? Don't worry, I'll break it down for you.
What is the ASI Token Merger?

The ASI token merger represents a groundbreaking collaboration between Fetch.ai, Ocean Protocol, and SingularityNET. This ambitious undertaking aims to establish a powerful, unified ecosystem for decentralized artificial intelligence (decentralized AI). Under the ASI banner, these three leading forces will spearhead the future of AI development.
Stay ahead of the curve for Phase I and II of the ASI project! Follow "TheLuWizz" (@theluwizz) on Substack for exclusive updates and important scam alerts to protect yourself. This free subscription delivers valuable info straight to your inbox.
The Merger Process: A Two-Phase Approach
The ASI token merger will unfold in two distinct phases:

Phase I: Consolidation and Rebranding (July 1st, 2024)

Phrase 1 is happening today! This phase will focus on merging AGIX (SingularityNET) and OCEAN (Ocean Protocol) tokens into FET (Fetch.ai) on the Ethereum blockchain. 

If you're an exchange user in Binance, your AGIX and OCEAN holdings will be automatically converted to FET at the designated ratios (1 AGIX = 0.433350 ASI, 1 OCEAN = 0.433226 ASI). 

For self-custody users, you can convert your AGIX and OCEAN tokens to FET using the official conversion portal on the SingularityDAO dApp. Detailed instructions and guides will be available.

During this phase, project logos and branding across platforms will also transition to reflect the Artificial Superintelligence Alliance.

No need to worry about switching wallets! The ASI token merger will work with all the popular software wallets (like MetaMask and Trust Wallet) and hardware wallets (like Ledger and Trezor) you already use.

Phase II: ASI Deployment and Network Upgrade (Mid-July Onwards)
In this phase, the focus will shift to transitioning from FET to ASI and upgrading the underlying network infrastructure for enhanced performance, security, and scalability. 

All users, including exchange and self-custody, will have access to a new migration process for converting remaining AGIX, OCEAN, and any existing FET tokens to ASI. The conversion ratios will remain the same as in Phase I. 

The Fetch.ai network will also undergo a scheduled upgrade, which may lead to brief network downtime and exchange disruptions. However, this process has been meticulously planned and tested to minimize the impact.

Want to prepare for Phase II? Follow me on Substack at TheLuWizz (@theluwizz) to receive exclusive Phase II onboarding and some important alerts so avoid getting scammed. Get these insights for FREE! Straight to your inbox.
Key Dates and Reminders
July 1st, 2024: Phase I kicks off with exchange delistings of AGIX and OCEAN, migration platform launch, and project rebranding.Conversion Window: The conversion window remains open for an extended period, so there's no pressure to convert immediately.Official Conversion Tools: Dedicated smart contracts will be the sole official methods for token conversion. Expect standard transaction fees but no additional conversion charges.Security Reminder: Never share your private information, including your seed phrase, during the conversion process.

This merger is a big leap forward for AI development. By joining forces, we're building a stronger future for this technology. 
Stay tuned for updates, and get ready to be a part of something groundbreaking!

A report of the top 10 centralized exchanges (CEX) by asset value revealed that 9 out of 10 recorded significant outflows in the past month. According to DefiLlama, only one centralized exchange platform, Bitfinex, recorded significant inflows of $208.51 million. 

Over the past month, many centralized exchange platforms have witnessed net withdrawals from their platforms. According to a detailed analysis by DefiLlamma, out of the top ten listed centralized exchanges (CEXs), only Bitfinex recorded net inflows in the past 30 days. The report analyzed the top centralized exchanges, with the exception of Coinbase. DefiLlama reportedly has no access to Coinbase data.

Also Read: Kraken Considers Delisting USDT in Response to New EU Regulations

Major cryptocurrencies have recorded a slowdown in their bullish momentum. For example, Bitcoin’s price reduced by 0.56% in the last 24 hours, according to Coinmarketcap data. The largest cryptocurrency has also recorded a 5.53% decline in the past week. The massive outflows from the top centralized exchanges by asset value range from $13.8 million on Crypto.com to $636.52 million on the OKX platform.

Top CEXs recorded major outflows in the last month

The DefiLlama data analysis of centralized exchanges ranges from May 12th to June 11th. During this period, the OKX exchange platform recorded the highest outflows. According to the data, OKC registered a negative inflow of $636.52 million last month. The OKX CEX was closely followed by the Robinhood exchange, which recorded $430.27 million outflows during the same period.

DefiLlama Data on CEXs: Source DefiLlama

Bybit recorded the third largest outflow in the last 30 days, with $244.12 million. Kucoin and HTX also managed to record outflows above $100 million. According to DefiLlama’s data, the Kucoin exchange’s outflows were $146.08 million, while the HTX exchange recorded $139.77 million.

Bitstamp has a lower net outflow than the previously discussed exchanges. The data shows the exchange registered negative inflows of up to $106.27 million. The other exchanges on the list, Binance, Crypto.com, and Derbit, all recorded minor net outflows within the 30-day period.

Derbit recorded $38.85 million outflows in the same period, while Binance had $23.98 million in total outflows. Crypto.com recorded the least net outflows of the top ten crypto exchanges in the top ten list, with $13.8 million.

Interestingly, Bitfinex was the only cryptocurrency exchange among the top ten list with net inflows. The exchange recorded over $200 million in inflows in the last 30 days, for a total of $208.51 million.

Binance regains positive inflows in the last seven days

In the last seven days, however, many centralized exchanges have regained momentum, with Binance taking the resounding lead. The largest CEX by trading volume, Binance, recorded over $1 billion in inflows in the last seven days. The total inflows for Binance stand at $1.011 billion. Other CEXs that recorded positive inflows in the same period include HTX, Bitstamp, and Kucoin, with $47.89 million, $8.02 million, and $2.03 million, respectively.

Also Read: Binance tops Q2 2024 liquidity rankings among 43 exchanges

OKX recorded the highest outflows in the seven-day period, with $909.75 million. The platform’s net outflows are partially due to mounting security issues. The higher inflows on Binance could be due to crypto traders’ mass exodus from OKX.

Robinhood and Crypto.com also recorded net outflows of over $100 million in the last seven days. Bitfinex, Bybit, and Derbit recorded negative net inflows as well. However, the figures are below $100 million.

Considering the 30-day analysis by DefiLlama, it appears that many crypto investors were actively withdrawing from the CEXs. This behavior could be attributed to the market fear and greed index, which has been rising as many want to maximize profits during the bullish market.

 

Cryptopolitan reporting by Collins J. Okoth