Crypto heats up for Uptober Rally
Crypto prices today, cryptocurrency rallies as BTC and ETH gain over 2%:
Despite rising more than 1% on the previous day to $979 billion, the global crypto market worth today nevertheless fell short of the $1 trillion threshold.
BTC soared by 1.79 to 19,541 in the last 24 hours.
BTC rallied on Tuesday morning. the price of BTC rose sharply from $19,155 to $19,679, which was the highest trading price on October 4. BTC trading volume increased 27.6 per cent to 29.2 billion.
In the last 24 hours, the price of ETH surged by 2.1% to $1,321. Although far more volatile than Bitcoin, Ethereum experienced similar downturns. ETH fell from $1,288 to $1,323, when it hit an intraday high. The trading volume increased by 12.4% to $9.4 billion.
Meanwhile, dogecoin price today gained marginally to $0.06 whereas Shiba Inu also rose slightly to $0.00001 1.
Solana’s (SOL) price was up by 1.9 per cent at $33 today
Kim Kardashian pays $1.26m over misleading crypto 'pump and dump' scheme:
Kim Kardashian has agreed to pay a $1.26m fine for advertising EthereumMax on her Instagram page.
Kim Kardashian advertised EMAX cryptocurrency tokens on Instagram, so if you purchased them at that time, you have already lost more than 95% of your money.
The lawsuit claimed that they had worked together in a "pump and dump" scheme to "misleadingly promote and sell" the cryptocurrency in order to raise its value before offering it to investors.
At the time, EthereumMax denied the accusations.
Despite its name, EthereumMax is not affiliated with the cryptocurrency Ethereum in any way, either legally or commercially.
The US Securities and Exchange Commission said the reality TV star had received $250,000 for advertising the cryptocurrency, without disclosing she had been paid to do so. She also agreed not to promote crypto asset securities for three years.
Her lawyer told BBC News: "Ms Kardashian is pleased to have resolved this matter with the SEC."