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3 Hidden Gem Altcoins Poised for Gains in August 2024
The crypto market has noted recovery over the past month, and it has resulted in many altcoins striking gains and taking top spots in their fields. BeInCrypto has curated these tokens to present three assets that could continue their growth in the next month. Undead Games (UDS) Undead Games has seen a considerable rise this past month as it became a leading asset in the gaming sector. The protocol has partnerships with major names such as Warner Bros., Immutable X, and Machinations, among others, giving it credibility. UDS has risen by more than 222% in the past month, changing hands...
Drug cartels use cryptocurrency Tether to launder money, court documents reveal
Tether (USDT), currently the third-largest cryptocurrency by market capitalization, has been under intense scrutiny for several months due to federal investigations into its alleged role in facilitating cross-border money laundering. Now, a recent report by 404 Media highlights Tether’s growing use as a money laundering tool for Mexican drug traffickers, according to the U.S. Federal authorities. Suggested Reading Trump's cabinet picks aren't ready to 'make nice' and that reality will set in soon, strategist says Suggested Reading This news comes at a pivotal moment, as President-elect Donald Trump has nominated Howard Lutnick, CEO of investment giant Cantor Fitzgerald, as his...
5 US Economic Events That Could Impact Crypto Market This Week
Crypto markets are closely monitoring key US economic data this week to assess the health of the nation’s economy. As the year-end approaches, critical labor market reports — closely watched by the Federal Reserve—are on the calendar. Given the potential impact on portfolios, traders may adjust their strategies around these upcoming events. ISM Manufacturing The Institute of Supply Management (ISM) will release the November ISM Manufacturing data on Monday, December 2, marking the first business day of the month. This index, also called the purchasing managers’ index (PMI), offers a monthly snapshot of US economic activity. It is derived from...
