There’s Millions of Dollars of Ask Orders Suppressing Ethereum Upside
Ethereum has undergone a strong rally over the past few weeks, moving higher with Bitcoin. But key market data suggests that the case for upside will be limited for the time being. For one, there are “monstrous sell walls” on Coinbase for the Ethereum chart. These walls should limit upside for the time being. Ethereum Market Data Suggests Price Could Drop Ethereum has undergone a strong rally over the past few weeks, moving higher with […]
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A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes. Crypto Founder Exit Scams, Caught for Tax Evasion The U.S. Department of Justice (DOJ) announced this week that a “cryptocurrency founder” was arrested Thursday and charged with a “multimillion-dollar tax evasion scheme.” The indictment against Amir Bruno Elmaani was unsealed Thursday in Manhattan federal court. In addition,....
The government of Finland is discussing supporting Ukraine with part of the money from the liquidation of millions of dollars worth of cryptocurrency seized in crime investigations. Finnish authorities want to sell the bitcoins soon and say they couldn’t come up with a better idea for the proceeds.
Finland Selects Brokers to Sell $75 Million of Confiscated Crypto
Authorities in Helsinki have recently chosen two brokers to organize the sale of over €71 million ($75 million) worth of bitcoin (BTC) in the coming weeks. The country owns the coins that have been sized....
The Ethereum Foundation, the organization leading the development of this blockchain, made a fresh sale of ETH in exchange for millions of dollars. This time, the organization was the victim of the vicious fees market structure ruling transactions on the network. Related Reading: BitVM Turns Bitcoin Into Ethereum Without Fork, All Altcoins Useless? Ethereum Foundation […]
We need to have a conversation about fractionalization, and why this by-product of DeFi’s boom must be properly addressed through the development of cross-chain integrations. Within the blockchain world, there’s endless talk about the importance of decentralization. But there’s a by-product from DeFi’s boom that is little talked about.Fractionalization is an unavoidable consequence of the innovations we’ve seen over the past decade — and when implemented correctly, companies and individuals can benefit.For example, it’s now possible to buy a small fraction of Amazon stock, potentially....
A popular Instagram personality has been charged in the U.S., accused of stealing bitcoins worth millions of dollars from his followers. He allegedly convinced the “victims to sell him their bitcoin at attractive, but inflated, values” but he never wired them the money for the coins sent to him. Instagram Influencer’s Bitcoin Scam The U.S. Department of Justice (DOJ) announced Wednesday that a popular Instagram personality known as “Jay Mazini” has been charged with wire fraud related to a bitcoin scam. The Justice Department wrote: A complaint was filed in....