🚨🚀🚀BIG Alert..!!! 🚀🚨🚨
Despite recent skepticism surrounding HAMSTR, this cryptocurrency appears to be on the cusp of a major breakout. While some individuals have labeled HAMSTR as a scam, many investors and analysts are closely watching its current trajectory, convinced that it is poised for significant gains.
At the time of writing, HAMSTR is trading at $0.006221, with its price stuck between the narrow range of $0.006200 to $0.006700. While this consolidation may seem concerning to some, others view it as a signal of upcoming bullish momentum. The theory behind this anticipation lies in its upcoming resistance level breakout. Once the price breaks through this resistance range, HAMSTR could experience a dramatic increase, with some analysts predicting a surge to $0.01500.
A key factor driving this optimism is the belief that HAMSTR is significantly undervalued at its current price point. With a community backing its potential, many are holding their positions, waiting for the market to respond. If HAMSTR can gather enough momentum and break through its current resistance level, it may attract further attention from investors and fuel a buying frenzy, driving the price upwards.
Of course, as with any speculative investment, risks remain, and it's crucial to stay informed about market trends and external factors that could influence price movements. For those willing to take the gamble, HAMSTR could represent an exciting opportunity in the crypto market, particularly if it follows through on its potential to "moon" in the coming weeks.
Investors should stay vigilant, track the price closely, and be prepared for rapid movement as HAMSTR gears up for a potential breakout.
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The United States Department of Justice (DOJ) has charged cryptocurrency exchange KuCoin and its two founders, Chun Gan, and Ke Tang, with operating an unlicensed money-transmitting business and breaching the Bank Secrecy Act. 

Announced on Tuesday, the indictment asserts that KuCoin neglected to establish a sufficient anti-money laundering (AML) program, failed to verify customers’ identities accurately, and did not file necessary suspicious activity reports.

Details of the Charges

According to the DOJ, KuCoin misrepresented its operations by claiming it did not serve U.S. customers despite having a considerable user base in the country. This misrepresentation is at the heart of the allegations, with the indictment highlighting the platform’s role in laundering over $9 billion. U.S. Attorney for the Southern District of New York, Damian Williams, pointed out that financial institutions like KuCoin, which benefit from the U.S. market, are required to comply with U.S. regulations aimed at combating crime and corruption in financing. KuCoin is accused of deliberately evading these regulations.

Moving forward, the indictment elaborated on KuCoin’s operations, suggesting that the exchange leveraged its significant U.S. customer base to become one of the world’s largest cryptocurrency derivatives and spot exchanges. It also mentioned billions of dollars in daily trades and an annual trade volume reaching trillions of dollars. Despite this scale, the exchange is said to have chosen not to adhere to essential legal requirements in the United States.

Parallel Civil Action by CFTC

On Tuesday, the Commodity Futures Trading Commission also initiated a lawsuit against KuCoin, accusing the firm, known for its spot and futures trading offerings, of operating without registering as a futures commission merchant, swap execution facility, or designated contract market. Additionally, the lawsuit claims that KuCoin failed to establish a program equivalent to the CFTC’s Know Your Customer (KYC) requirements.

The CFTC aims for financial penalties, prohibitions on trading and registration, and a court order, whereas the DOJ is pursuing confiscation in addition to criminal sanctions. In a declaration, Darren McCormack, the Special Agent in Charge at Homeland Security Investigations, described KuCoin as “a supposed criminal conspiracy worth billions,” highlighting its status as one of the biggest cryptocurrency exchanges.

Tuesday’s moves follow closely on the heels of the DOJ, CFTC, and Treasury Department resolving comparable allegations against Binance, which is recognized as the biggest cryptocurrency exchange globally in terms of trading volume.

Following the announcement, KuCoin’s native token, KCS, saw a 5% decrease. Meanwhile, Bitcoin (BTC) experienced a 1% decline in its price, with its value fluctuating throughout the day, currently trading at approximately $70,000, according to Coinmarketcap.