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The post Brazil Seizes $1.6 Billion in Crypto: What You Need to Know appeared first on Coinpedia Fintech News In a decisive move, the Internal Revenue Service and Federal Police of Brazil seized around $1.6 billion worth of crypto and fiat. Both organizations launched an operation called Niflheim to dismantle a large scheme involving money laundering, tax evasion and cryptocurrency fraud. This joint operation targeted multiple cities of Brazil including Caxias do Sul, São Paulo, Fortaleza and Brasília. Let’s dive…

As the cryptocurrency market faces fluctuating trends, savvy investors are beginning to shift their attention toward emerging projects that demonstrate resilience and growth potential. With concerns over Bitcoin’s (BTC) volatile price trajectory following Arthur Hayes’ bearish predictions, both Sui (SUI) and GoodEgg (GEGG) are quickly gaining favor among investors looking for the next big opportunity. While Sui (SUI) has been showing consistent gains amidst Bitcoin’s lag, GoodEgg (GEGG), a meme coin with AI and social finance integration, is being hailed…

A recent report by Bloomberg highlights that the difficulty of mining Bitcoin has surged to a record high, reflecting increasing competition among cryptocurrency miners.  On Wednesday, mining difficulty rose by 3.5%, as reported by crypto-mining tracker CoinWarz. This metric, which has been climbing steadily, often aligns with market expectations for Bitcoin’s price movements. Post-Halving Challenges Following the April Halving, which reduced miners’ potential revenue by half, the Bitcoin price has dropped approximately 10% to a current trading price of $57,000. …

In the world of trading cryptocurrency, time plays a crucial role. It is for those who are precise and timely when predicting movements in the market who enjoys the fruits. One such expert who once made headlines for shorting Solana (SOL) at its all-time high of $250, rouses the markets once again, this time with a large stake in a new Real-World Asset, Rexas Finance (RXS).This raised questions and even excitement in the market as how a normal person makes…

In a bid to enhance user experience and reduce confusion, the Bifrost community has put forth a proposal to align its address format with the Polkadot address format.  Why Address Standardization? In a series of tweets on X.com, Bifrost co-founder Lurpis Wang put forth the proposal for the unification to simplify the interaction process for users, partners, and exchanges by standardizing the address format across the two networks.  Currently, each parachain within the Polkadot ecosystem uses different address formats, which…

A YouTube-based cryptocurrency expert with over 200,000 subscribers has highlighted Rexas Finance (RXS) as a crypto project that surpasses Shiba Inu (SHIB) and Pepe Coin (PEPE) in terms of profit potential. This analysis points out how real-world asset tokenization, powered by blockchain, positions Rexas Finance as an investment with tremendous upside, unlike the meme coin giants. Investors seeking long-term gains in the crypto market should consider Rexas Finance's innovative solutions for tokenizing assets like real estate and gold. Shiba Inu's…

Expert insights in crypto can be the difference between significant gains and missed opportunities. An analyst known for accurately forecasting Shiba Inu's (SHIB) impressive rise in 2021 has now set his sights on another potential standout in the crypto market. While he previously astounded many by predicting SHIB's explosive growth, he is now focusing on Rexas Finance (RXS) as the next big opportunity, dismissing PEPE (PEPE) as a likely candidate for similar success. Shiba Inu's Historic Surge Shiba Inu (SHIB)…

Hong Kong, SAR China, September 12th, 2024, Chainwire Get ready for an eventful day of celebration as MEMECON and DCENTRAL come together to host the memecoin event of the year! On September 21st, from 12:00 PM to 5:00 PM, the Grand Ballroom at the JW Marriott Singapore South Beach will be transformed into the ultimate hub for memecoin enthusiasts, and it takes place just a 5-minute walk from this year’s Solana Breakpoint. Used for cultural, social and political expression, memes…

Bitcoin (BTC) and the larger crypto market made an impressive recovery following the August CPI remote, with almost all major cryptocurrencies in positive territory. BTC is up 3.44%, while Ethereum (ETH) is up nearly 2%, inching toward the $2,400 mark. Other major gainers include Solana (SOL), Toncoin (TON), Ripple (XRP), and Dogecoin (DOGE).  Crypto markets remained relatively calm following the August CPI report before a steady uptick. The August CPI data showed a slight increase in the monthly inflation rate,…