Preliminary investigations by the Himachal Pradesh police have revealed that the masterminds of a multi-crore crypto currency scam amassed huge wealth, acquired prime properties, like petrol pumps and hotels, and spent extravagantly from the funds of people who were seeking to double their money by investing in digital money.

Two of the key figures, Hemraj Thakur and Sukhdev, who are both from Balh subdivision of Mandi district, have been arrested by the Himachal Pradesh Police from Gujarat.
#opbnb #Layer2 #crypto2023 #BTC

Hong Kong’s ambition to become a global hub for digital assets is unquestionable. The government’s efforts to foster a conducive ecosystem for digital assets have been made to remain competitive in the international financial stage. However, the recent JPEX scandal, a Hong Kong-based cryptocurrency exchange, has stirred the waters of the developing cryptocurrency sector.

Mid-September saw JPEX introduce sky-high withdrawal fees, blocking users from accessing their funds, resulting in a monetary fallout estimated to surpass HK$1 billion (US$127 million). The incident has triggered a police investigation and damaged the public’s perception of cryptocurrency.

At the center of Sam Bankman-Fried’s trial is a dispute between two contrasting narratives; while prosecutors accuse the former crypto mogul of orchestrating a $10 billion dollar conspiracy to use customer deposits for personal gain, his lawyer insists he acted “in good faith” to make his firm successful with no intention to deceive.

This is the highest-profile reckoning for a business executive since Elizabeth Holmes’ fraud conviction in early 2020. Bankman-Fried became a billionaire virtually overnight, only to see his company collapse and his fortune evaporate. He has pleaded not guilty to seven counts of fraud and money laundering, and if convicted could face a life sentence.

Bitcoin prices plummeted Thursday evening following news that Elon Musk’s SpaceX had sold off its entire cryptocurrency holdings. This had a negative knock-on effect on stocks related to the industry, such as Coinbase (COIN), Marathon Digital (MARA) and Riot Platforms (RIOT), all of which saw their share prices drop.

SpaceX documents seen by The Wall Street Journal showed that the private space company had written off the value of their Bitcoin holdings in 2020 and 2021. Tesla (TSLA) had also sold 75% of its Bitcoin shares over the past year.
$BTC
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Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth
The much-awaited Shibarium network saw over 21 million wallets created during its testnet and is expected to position Shiba Inu as a serious DeFi contender.

✅ Is it Time to Dump Solana and Focus on BNB Smart Chain Now That CZ is Crypto King?

✳️ Solana dropped over 40% in the last 24 hours and nearly 50% in the last seven days. Recently, Solana’s SOL token was one of the biggest losers in the digital asset markets.

Crypto experts speculated that Solana’s SOL token could be linked to the current crisis involving Sam Bankman-FTX Fried’s exchange and his trading firm

#crypto2023 #solana #Binance

✅ Is it Too Late to Buy Ripple? Or is Avalanche or This New Crypto Project a Better Investment?

As the cryptocurrency market continues to evolve, investors are closely monitoring the performance of established assets like Ripple and Avalanche, while also keeping an eye out for emerging opportunities in the space.

Ripple’s recent signs of a potential price resurgence and Avalanche’s steady performance around the $17 mark
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Former President Trump holds $250,000 to $500,000 of crypto, According to a financial disclosure released last month.

Jacobi Asset Management Launches First Spot Bitcoin ETF in Europe

India plans to Use Crypto Tokens to Digitally Sign Documents
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IMF Initiates Development of a Global Digital Currency Platform

IMF Managing Director Kristalina Georgieva stated that the IMF is developing the platform to facilitate easier transactions between countries.

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Mastercard files trademark application to develop crypto and blockchain software.

Citadel, Fidelity, and Charles Schwab launch new crypto exchange platform, EDX Markets.

$1.5 trillion asset manager Invesco reactivates spot Bitcoin ETF filing.

Now, according to the latest report from Izvestiya, a Russian media publication, the authorities are ditching plans for the creation of a cryptocurrency exchange. Instead, they are planning to establish a framework for the operation and establishment of crypto exchanges.

Russia has long been framing its cryptocurrency strategy in the country. Earlier in April, Russia’s Finance Minister Anton Siluanov spoke about a new payment system. Cryptocurrencies will be a part of this new payment system. #googleai #crypto2023

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