The recent indictment of Bill Guan, the chief financial officer of Epoch Times, by the US Department of Justice has shed light on a disturbing international money laundering scheme. From 2020 to May 2024, Guan allegedly led a sophisticated operation to launder approximately $67 million of illicit funds using cryptocurrency. The scheme involved purchasing stolen
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Ripple’s XRP has been hovering around the $0.52 mark, showing signs of stability in the midst of a volatile crypto market. However, analysts are divided on the token’s future price movements. While some believe that XRP could potentially rise to $0.70 in the coming months, others predict a possible drop to $0.27. Content creators and
A recent incident involving an early investor in the Solana-based meme coin ANDY has brought to light the dark side of the crypto world. The exploit, highlighted by a popular on-chain sleuth in his Telegram channel, saw the draining of approximately $2 million worth of meme coins in several transactions. The perpetrator wasted no time
The recent stagnation of the Bitcoin price at the $71,000 level has left many investors wondering about the next major move. Analyst Alan Santana has delved into the Bitcoin chart to predict the possible direction of the price. Santana’s analysis reveals that Bitcoin has been on a bullish streak for over a year, spanning 479
FTX, a bankrupt cryptocurrency exchange, has faced objections from creditors regarding its proposed reorganization plan. The creditors, including Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, have raised several concerns. They argue that the plan fails to address property rights issues, does not meet the best interest test, and presents inconsistent debtors
The founder of the on-chain analytics platform LookIntoBitcoin, Philip Swift, recently pointed out the substantial increase in global liquidity, which has just hit a new all-time high (ATH). Swift emphasized that this was a crucial indicator of how Bitcoin can soar in the current bull run. The global liquidity has surged to $94 trillion, nearing
Semler Scientific, a California-based med-tech company, has recently made headlines with its decision to invest heavily in Bitcoin. With the purchase of an additional 247 BTC for $17 million, Semler now holds a total of 828 bitcoins, acquired for $57 million in total. This move signals a significant shift in the company’s investment strategy, as
McDonald’s Singapore has taken a bold step into the metaverse with the creation of a new digital environment called “My Happy Place.” Developed in partnership with Bandwagon Labs, this virtual space is accessible through the official McDonald’s app and offers a unique blend of real-world and virtual experiences. The initiative also provides special benefits for
The recent surge in Bitcoin’s price to $70,000 has sparked excitement among investors, especially long-term holders who have now entered the profit zone. The Coinbase Premium Index (CPI) turning positive is seen as a bullish signal, particularly among US-based investors. The Coinbase Premium refers to the price difference between Bitcoin on Coinbase and other major
As Ethereum price attempted to break past the $3,885 resistance level, it instead faced a downside correction. Currently, ETH finds itself below the $3,800 mark and risks sliding further towards $3,720. The failure to clear crucial resistance levels has raised concerns among traders and investors alike. The hourly chart of ETH/USD shows a bearish trend,
