ED Makes Arrest In Morris Crypto Scam; UK May Regulate Crypto Soon; BTC Up 5%, DOGE 8%


The sub-zonal Office of the enforcement directorate (ED), Kozhikode, has actually jailed Abdul Gafoor, director of Stox Global Brokers Private Limited, in connection with the phony Morris crypto coin case. Meanwhile, the UK federal government is set to manage the crypto market with a concentrate on blockchain-based steady coins and is anticipated to make a statement concerning the very same in the coming weeks.

The worldwide crypto market cap increased by 4.34 percent to $2.11 trillion at 8.50 am. The worldwide crypto volume too increased by 49.1 percent to $91.37 billion, according to Coinmarketcap information.

Cryptocurrency Prices

Bitcoin (BTC), the world’s earliest cryptocurrency, was trading at $46,904.05, greater by 4.92 percent in the last 24 hours.

Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, was likewise greater by 4.62 percent at $3,301.77.

“Bitcoin shot past $46,000 over the weekend, presently trading at $46,894.48, with about a 5% rebound.Ether, significant altcoins, memecoins, metaverse, GameFi tokens are growing too.” states Gaurav Dahake, CEO and creator, Bitbns.


Among other significant coins, Cardano (ADA) was up by 2.33 percent at $1.17, Algorand (ALGO) by 4.02 percent at $0.9599, Binance Coin (BNB) was likewise acquired 3.29 percent to trade at $431.10, Solana (SOL) by 4.16 percent at $106.52, and Polkadot (DOT) was trading greater by 7.62 percent at $22.64.

Today’s leading gainer was Galactic Kitty Fighters (GKF), which was up by 1423.94 percent at $0.0000000008806. The leading loser was Revolotto (RVL), which was down by 82.88 percent at $0.02079.

Meme Coin And DeFi Prices

Dogecoin (DOGE) was up by 7.94 percent at $0.1482. Its volume to market cap ratio stands at 0.0801. Rival Shiba Inu (SHIB) likewise increased 5.49 percent at 0.0801.

Dogelon Mars (ELON) was trading with a gain of 20.96 percent at $0.000001016. Floki Inu (FLOKI) was likewise up by 11.92 percent at $0.00003941, while Samoyed Coin (SAMO) ROSE 23.06 percent at $0.02151.

In the DeFi sector, YFI (yearn.finance) was trading with a gain of 6.4 percent at $22,546.33. Terra (LUNA) was likewise up by 2.7 percent at $93.91, Avalanche (AVAX) got 5.89 percent to $91.61, Uniswap (UNI) got 6.98 percent to trade at $11.51, and Aave (AAVE) got 3.22 percent to $167.09.

Latest Update

In the phony Morris crypto coin rip-off, supposedly 900 financiers have actually been scammed for Rs 1200 crore, and Abdul Gafoor assisted in the laundering of a part of this cash. “Around Rs 39 crore were transferred through Stox Global Brokers Private Limited. The accused was remanded in judicial custody by the special court for considering PMLA cases. ED has filed a custody application before the court, and it will be heard on Monday,” an ED authorities was estimated by Times of India as stating.

An confidential source informed CNBC that Rishi Sunak, Finance Minister, UK, is set to reveal the federal government’s brand-new policy concerning cryptocurrencies and blockchain-based steady coins.


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