Tether has recently announced that it froze 32 crypto wallets on suspicion of terror financing amid ongoing conflicts in Israel and Ukraine. Meanwhile, VC Spectra (SPCT) and Neo (NEO) saw significant price pumps amid new developments.
Let’s explore what’s happening around these two top altcoins and pick the best crypto to buy now!
- Tether froze 32 crypto wallets on suspicion of terror financing.
- VC Spectra (SPCT) is poised to surge by 45% by the end of the public presale.
- Experts believe that NEO can surpass the $10 price mark in 2024.
Tether Suspends Crypto Wallets Linked to Warfare in Ukraine and Israel
On October 16, 2023, Tether, the issuer of the world’s largest stablecoin, froze 32 cryptocurrency wallets associated with crypto-funded terrorism and warfare in Israel and Ukraine. Thus, Tether has warned holders of top crypto coins to be cautious with their transaction activities.
The collective value of these frozen addresses amounted to $873,118.34. Tether worked in collaboration with Israel’s National Bureau for Counter-Terror Financing for this initiative. This move came in the wake of ongoing conflict between Israel and Hamas.
Tether, known for its stablecoin, has a history of freezing and returning stolen funds. The company has actively assisted 31 agencies across 19 global jurisdictions. This has resulted in the freezing of $835 million in assets linked to criminal activities.
These actions signify Tether’s commitment to combating financial crimes and ensuring the security of the digital financial landscape.
VC Spectra (SPCT) Sees a 25% Surge as Geopolitical Conflicts Intensify
VC Spectra (SPCT), a decentralized asset management protocol, has become the best ICO among new DeFi projects with its focus on real-world utility. It aims to democratize access to blockchain technology by making investing in crypto far more convenient. The ultimate goal of VC Spectra (SPCT) is to bring higher returns for its investors.
The VC Spectra platform has its own native token called SPCT, which is built on the Bitcoin blockchain. It is a BRC-20 standard token and follows a deflationary mechanism similar to BTC. Furthermore, SPCT offers perks like exclusive access to pre-ICOs and voting rights.
VC Spectra (SPCT) kicked off with its public presale journey at $0.008 in Stage 1. The SPCT price has since then surged by a stunning 587.5% to $0.055 in Stage 4. Most recently, the VC Spectra (SPCT) token took a 25% price leap from $0.044 in Stage 3 to $0.055 in Stage 4 as the geopolitical conflicts cast a dark shadow over the future global economy.
However, experts are still optimistic about the future of SPCT. VC Spectra (SPCT) can surge by 45.45% to reach $0.080 by the end of the public presale. Additionally, with an offer of a 10% bonus on each deposit, VC Spectra (SPCT) is the best crypto investment for new investors!
NEO Price Soars as Neo Forges Partnership With Web3Labs
In a recent groundbreaking development, Neo, the distinguished open-source blockchain platform, established a vital partnership with Web3Labs on October 12, 2023. This strategic alliance marks a significant leap towards fostering Web3 innovation within the bustling city of Hong Kong.
Neo’s commitment is substantial, amounting to nearly HKD 8 million (equivalent to USD 1 million), dedicated to propelling the Web3.0 Global Acceleration Program.
Besides the financial contribution, Neo pledges to provide critical technical support, grant access to co-marketing resources, conduct informative workshops, facilitate funding opportunities, and extend a range of ecosystem benefits.
Following the announcement, the market responded favorably, and the price of NEO saw a considerable surge. On October 12, NEO was trading at $6.65. After the announcement, the price swiftly climbed by 8.63% to $7.22 by October 16.
Per NEO price prediction, experts anticipate a bullish trajectory for NEO in 2024. NEO’s price is predicted to surpass the $10 mark, reaching an estimated $14.47 in 2024. These forecasts are underpinned by the optimism surrounding an upcoming bull run and the recent positive developments from Neo, particularly this substantial partnership with Web3Labs.
Learn more about the VC Spectra presale here: