Unicoin, a major cryptocurrency firm, is currently facing allegations of
$100 million fraud filed by the
US Securities and Exchange Commission (SEC). Unicoin's
CEO has publically condemned the charges, calling them 'completely, blatantly false'. The SEC accuses Unicoin of misleading investors with false claims and fraudulent activities, notably, the promise that tokens were backed by
Real Estate. In lighter news, the
Uniswap's UNI cryptocurrency token has recorded significant market
performance, surging by as much as 21.6%. However, the crypto token has also been subjected to severe market fluctuations, dipping 6% amid sell-offs. The token managed to rebound following this drop, even breaking $6 and climbing above $6.78 due to increased whale activity. Meanwhile, Uniswap's recent upgrade hype has fallen short following a decrease in UNI prices as traders brace for more market
volatility. Despite market challenges including tariff tensions, UNI managed to record a 5% surge defending $6.30.
Uniswap has announced the upcoming launch of Unichain, which has led UNI to record a 25% weekly gain.
UNI Coin News Analytics from Thu, 10 Oct 2024 07:00:00 GMT to Tue, 10 Jun 2025 15:05:17 GMT -
Rating 0
- Innovation -4
- Information -5
- Rumor -6
