[ad_1] In an interesting development, the US courts have sentenced a crypto mixer operator from Ohio to jail. This development comes amidst active enforcement actions by US prosecutors on crypto mixers due to their reported role in aiding money laundering, hacks, and other illicit activities. Helix Founder To Serve 3-Year Prison Sentence, Forfeit Over $700 Million In an official release, the US Department of Justice (DOJ) announced that Larry Harmon, founder and operator of crypto mixer Helix, has received a three-year jail sentence. Larry Harmon pled guilty to conspiracy to commit money laundering back in 2021, following an indictment in…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Crypto analyst John Burr on TradingView has discussed the potential for the Dogecoin price to reach $3 this market cycle. Driven by the positive sentiments from recent political events spearheaded by SpaceX and Tesla CEO Elon Musk, Burr has revealed that Dogecoin can not only reach $3 but could skyrocket to $20. US Politics Could Drive DOGE To $3 According to the TradingView analyst, the Dogecoin price could be preparing for a strong bull run to the $3 target. In his report, Burrs discussed the effects of political changes on the crypto…
[ad_1] Meme coin Shiba Inu has resumed its uptrend and is now on an 8% price uptick in the past 24 hours. However, this positive momentum is contrasted by a significant decline in whale activity, as revealed through data from on-chain analytics platform IntoTheBlock. Particularly, large Shiba Inu transactions have fallen by about 70% in the past 24-hour timeframe. This downturn in large-scale transactions could have profound implications for SHIB’s market trajectory. Shiba Inu Whale Volume Plummets 70% In One Day Whale transactions serve as an indicator for large-holder engagement in a crypto asset. Interestingly, this activity is relayed through…
[ad_1] Este artículo también está disponible en español. Bitcoin is on the move again, surging toward its previous high of $93,257 with renewed momentum that has triggered excitement among traders. After a period of consolidation, Bitcoin’s latest price action signals a potential breakout that could set the stage for even greater gains. As it inches closer to this critical resistance level, can the crypto giant break through and unlock new heights, or will the bears reclaim control? With the market’s eyes fixed on this pivotal moment, the next move could reshape BTC’s future. This analysis aims to explore Bitcoin’s current…
[ad_1] Ethereum is back on an upward trajectory after finding solid footing at the $3,051 key support level, sparking hopes for continued bullish momentum. The recent rebound highlights the strength of buyers’ interest, as ETH resists bearish attempts to drive prices lower. As the uptrend resumes, traders are closely eyeing critical resistance zones that could shape Ethereum’s next move. Will this recovery lead to a sustained rally, or will the market face renewed selling pressure? This analysis aims to examine Ethereum’s recovery as it resumes its uptrend after defending a critical support level. By analyzing key resistance zones and market…
[ad_1] The US Attorney’s Office in Manhattan is reportedly shifting its approach to crypto crime enforcement, allocating “fewer resources” to this area following a series of significant convictions, including that of FTX founder Sam Bankman-Fried. Southern District Of New York To Scale Back Crypto Prosecutions Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York (SDNY), announced this at a conference hosted by the Practicing Law Institute in New York. Hartman noted that while the office will continue to address cryptocurrency cases, the number of prosecutors dedicated to these issues has diminished since the collapse…
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] Major investment bank Goldman Sachs has disclosed its significant stake in spot Bitcoin ETFs (exchange-traded funds). The finance behemoth, once a vocal Bitcoin critic, appears to be shifting its investment strategy towards crypto assets, specifically the world’s largest cryptocurrency by market capitalization. Goldman Sachs Discloses $461 Million In BlackRock’s Bitcoin ETF On Thursday, November 14, Goldman Sachs disclosed in a filing with the United States Securities and Exchange Commission (SEC) its holdings of about $718 million in eight Bitcoin ETFs. The firm’s latest quarterly report revealed that the bank has expanded its Bitcoin fund portfolio by $300 million. Goldman…
[ad_1] Este artículo también está disponible en español. The crypto market could be getting ready to enter the highly anticipated altcoin season. As the market rides the bull wave spearheaded by Bitcoin, a crypto analyst has identified the current phase of the market using the Wyckoff Cycle. This analysis suggests that altcoins are preparing for a “parabolic run” that could kickstart the onset of the altcoin season. Related Reading Wyckoff Cycle Reveals What Phase The Current Market Has Entered A crypto technical analyst identified as EtherNasyonal has shared a chart of the crypto total market cap, excluding Bitcoin. In this…
[ad_1] Upbit, the leading crypto exchange in South Korea, is being investigated by the country’s financial authorities over an alleged violation of Know-Your-Client (KYC) procedures. The probe comes amid the exchange’s license renewal process and a potential investigation for “anti-monopoly breaches.” Crypto Exchange Faces Probe For Potential KYC Violations According to local reports, South Korea’s Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) has started investigating crypto exchange Upbit for potential violations of KYC requirements. Maeil Business Newspaper revealed that the financial authorities identified large-scale cases suspected of violating customer identification procedures while reviewing the crypto exchange’s license renewal…