#cryptonewstoday

The Lethbridge Police Service (LPS) in Canada is leveraging technology to combat crypto scams and aid victims in recovering their funds. By using Chainalysis Reactor, law enforcement aims to track crypto transactions and retrieve stolen funds. The software can identify and categorize numerous addresses, both legal and illegal, including those involved in criminal activities. To achieve this, the police will rely on a certified blockchain analysis investigator from the Economic Crimes Unit. The Chainalysis Reactor software enables detailed tracing of crypto transactions, making use of the transparency of public blockchains like Ethereum and Bitcoin, which are often used for these stolen tokens. During investigations, relevant data will be inputted into the program, which will systematically trace the flow of funds from victims'

This week, Trust Wallet's token (TWT), which is ranked 89th in the crypto world, shot up by 22%! That's way more than most of the digital currency market. Just a week ago, it was trading at $0.773, but as of now, it's at $0.946. And in the last 24 hours alone, it's climbed by over 5%. Interestingly, while TWT saw this impressive rise, the entire crypto market's value barely moved, increasing by less than 0.5%, based on what we saw on CoinGecko. The price jump seems to have been influenced by Trust Wallet's latest update to their browser extension, which now allows for Ethereum Virtual Machine (EVM) swaps. Also, they've hinted at another surprise that they'll be revealing soon, but they've kept us in the dark about what it is. A bit about Trust Wallet: It's a wallet that supports multiple chains and lets users have full control

In a time when technology's rapid growth takes center stage, AI stands out both as a symbol of progress and a catalyst for economic inequality in the U.S. Over the last five years, there's been a massive 266% uptick in AI use, pushing a team of economists to study its effects more closely. Using a detailed survey from 2018 that covered almost half a million companies, they provide a multi-faceted view of the country's AI environment. This research, shared through the National Bureau of Economic Research, breaks down the AI-driven economy, zeroing in on five core technologies: self-driving cars, machine learning, machine vision, natural language processing, and voice recognition. Back in 2018, less than 6% of companies used these innovations. However, the number soared among bigger companies, especially the giants with more than

Robert Kiyosaki, best known for his book 'Rich Dad Poor Dad,' recently expressed optimism about the role of cryptocurrencies in the future of finance. The author anticipates that Bitcoin could surge to $120,000 in the coming year and cautions about an impending economic crisis, suggesting that digital currencies could serve as financial refuges. Kiyosaki took to social media platform X, formerly known as Twitter, ahead of the TOKEN2049 crypto conference scheduled for September 18-19, to share his bullish views on cryptocurrencies. He believes that traditional forms of money, particularly the U.S. dollar, are nearing obsolescence. He's also confident in Bitcoin's ability to recover from market slumps, attributing potential price increases to the upcoming halving event. Despite his claim that green energy initiatives negatively

On August 24, Crypto Rank, a platform specializing in crypto market data and analytics, revealed its list of the top 10 NFT marketplaces based on their number of active traders over the past 30 days. Leading the pack is OpenSea, boasting a whopping 229,000 active traders. The platform, which has raised over $425 million across five funding rounds, is known for its diverse NFT offerings. Coming in second is Axie Marketplace with 32,900 traders, showing a significant 52.63% growth from last month. The marketplace, which is linked to the video game Axie Infinity, currently has a trading volume of $1.67 million. Blur takes the third spot, although it has seen a 21.8% drop in traders, settling at 30,800. Despite this decline, its trading volume is a staggering $252.57 million. In a close battle for fourth place, Immutable X

Binance, the world's leading crypto exchange, is going through a rough patch that's eerily similar to what happened before FTX went under. There's growing skepticism that Binance might share the same fate as the now-defunct FTX exchange. Things started to go south for Binance after a string of legal challenges and probes raised questions about its future. On June 5, the SEC filed charges against both Binance US and its CEO, CZ, for securities violations, with 13 different counts. At the same time, the CFTC is looking to ban trading on the platform, and there are reports that the Justice Department is investigating how Binance manages potentially illegal funds. Regulatory pressures aren't just coming from the U.S.; they're global. Binance pulled its license application in Austria following increased scrutiny, and Belgium's top

Cardano recently released its latest updates, showcasing advancements in smart contracts, governance, Project Catalyst, and scaling on the network. Meanwhile, the native token ADA has started to recover and is currently experiencing positive trading activity. The Cardano update reveals that the network has launched 131 projects, with an additional 1,261 projects currently under development. Furthermore, it has reached a significant milestone of 70 million transactions. The consensus team has made further progress in the Genesis implementation to improve correctness and address functionality requests. Regarding the integration of UTXO-HD, there were some performance issues initially, but the team has investigated and made necessary improvements to resolve them. Support activities involved incorporating Ledger improvements into