[ad_1] The US Department of Justice has charged Maximiliano Pilipis with alleged offences related to operating an unlicensed cryptocurrency exchange and laundering proceeds from Silk Road, a now-closed anonymous dark web marketplace.Charged with Money Laundering and Tax EvasionAnnounced yesterday (Monday), the 53-year-old faces five counts of money laundering and two counts of willfully failing to file a tax return. If convicted, he could face up to 10 years in prison and a fine of up to $250,000.Pilipis operated AurumXchange between 2009 and 2013 without a licence, allowing individuals to exchange Bitcoin and other cryptocurrencies for US dollars. The platform conducted…
Author: dfrancis36
[ad_1] Hong Kong’s Securities and Futures Commission (SFC) has announced plans to issue more licenses for crypto asset exchanges by the end of 2024. This decision comes after a five-month evaluation period, during which only three platforms received full licenses and 11 held provisional licenses, raising initial concerns about the possibility of further approvals. Hong Kong Promoting a Crypto-Friendly Environment During Hong Kong’s annual Fintech Week event, Eric Yip, the executive director of intermediaries at the SFC, revealed that the regulatory body intends to publish a final list of licensed exchanges by year-end. This move signals a pivotal step in…
[ad_1] Este artículo también está disponible en español. Solana (SOL), the fifth largest cryptocurrency by market cap, has recently outperformed several of the top ten cryptocurrencies with a notable 6% price increase over the past week. This rise puts Solana just behind Dogecoin (DOGE), which gained 7.8% over the same period, as the two best performers among the top ten cryptocurrencies by market capitalization. As a result, Solana has surpassed the payment platform PayPal in market capitalization, marking a significant milestone for the cryptocurrency. Solana Market Cap Hits $83.56 Billion As of now, Solana’s market capitalization stands at approximately $83.56 billion,…
[ad_1] Bitpanda GmbH, the Vienna-based crypto trading platform backed by billionaire investor and PayPal co-founder Peter Thiel, is reportedly considering a range of strategic options, including a potential initial public offering (IPO) in Frankfurt. According to a Bloomberg report, the company is currently in discussions with major financial institutions such as Citigroup Inc. and JPMorgan Chase & Co. regarding these possibilities. Potential IPO On The Horizon For Bitpanda Per the report, if Bitpanda proceeds with the potential IPO or any similar transaction, it could be valued at approximately $4 billion or more, as indicated by sources familiar with the situation. …
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] A new era will dawn at the Hong Kong Stock Exchange (HKEX) next month as the stock market introduces a pioneering index in Asia designed for crypto. Market analysts see this as a trailblazing initiative that will open new opportunities in the Asian financial hub as it integrates cryptocurrencies into the stock market. HKEX Embraces Crypto HKEX today announced a new index series set to start on November 15 specifically for cryptocurrencies, saying that it will cover Bitcoin and Ethereum. In a statement, the Asian stock market boasts that the so-called HKEX Virtual Asset Index Series will be the pioneering…
[ad_1] Este artículo también está disponible en español. Bitcoin price is rallying above the $70,000 zone. BTC is up over 5% and it could soon aim for a move above the $72,000 resistance zone. Bitcoin started a fresh increase above the $68,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $68,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is surging and might rise above the $72,000 resistance zone or even to a new all-time high. Bitcoin…
[ad_1] Solana has had an impressive year. After worrying dips in late 2022, the bounce of the second half 2023 thrusted the platform to the top five. At spot rates, not only is SOL, the native token up 100% over the last 10 months, but the network is now a meme coin hub. Solana is the third largest smart contracts platform after Ethereum and the BNB Chain. Solana price trending upward on the daily chart | Source: SOLUSDT on Binance, TradingView Looking at how fast SOL has expanded over the years, there is a high possibility that the coin could…
[ad_1] As the US presidential election draws near, Bitcoin has briefly surged to the $70,000 mark for the first time in over five months. This milestone coincides with former President Donald Trump leading in polls against Vice President Kamala Harris, setting the stage for potential shifts in the cryptocurrency landscape depending on the election outcome. $70,000 As Key Level For Bitcoin To Surpass March Record The recent uptick in Bitcoin’s price has been bolstered by a rally in the stock market, with analysts noting that investors are increasingly pricing in a potential Trump victory. Tony Sycamore, a market analyst at…
[ad_1] Este artículo también está disponible en español. Bitcoin, the world’s top cryptocurrency, is designed to act as a money or payment option outside anyone’s control. Using the crypto, which is decentralized and peer-to-peer, removes the involvement of third parties, like central banks. This Bitcoin promise has redefined the financial landscape, helped the unbanked, and empowered those who want independence. However, the ecosystem has its share of critics, including central banks. Related Reading Central banks’ role shrinks as the Bitcoin ecosystem grows and its use cases expand. This prevailing belief is validated by a growing amount of research from financial…