At least 32 individuals connected to the now-defunct Taiwan-based cryptocurrency exchange, ACE Exchange, have been indicted on fraud charges. Prosecutors have recommended 20-year jail terms for the founder, David Pan, and his business partner, while a 12-year jail term has been proposed for Chairman Wang Chen-huan. Token Prices Plummet Taiwanese prosecutors recently indicted at least…
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking allegations, and Nubank expands its crypto functionality in Brazil. Venezuela Might Use USDT for Sidestepping Sanctions Venezuela is…
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Crypto-powered narcotics gangs have turned Korean-language Telegram channels into “drugs department stores” and a “playground” for young South Koreans, media outlets reported on April 28. Newspapers such as Seoul Kyungjae noted that it has been almost a year since South Korean President Yoon Suk-yeol called for an “all-out war” on crypto-powered drug trafficking. Yoon’s comments…
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Tron CEO and founder Justin Sun said it is unlikely an Ethereum exchange-traded fund (ETF) will be approved in May with the cryptocurrency in need of “long-term education with regulators.” Numerous analysts have already said the Securities and Exchange Commission (SEC) is expected to deny their applications to launch an Ethereum ETF. In an…
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A Russian “crypto ban’ could roll out as early as September 1, top lawmakers in the country have confirmed. Speaking to the media outlet NSN, the Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov said lawmakers will vote on a “ban on organizing the circulation of cryptocurrencies” in the coming weeks.…
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Bitcoin Price Prediction Bitcoin’s recent 1.4% spike in value this weekend has stirred interest among investors, prompting discussions around Bitcoin price prediction for the coming week. Currently trading at $63,559, Bitcoin demonstrates robust market activity with a trading volume of $17.73 billion and maintains its dominant position with a market cap of approximately $1.25 trillion.…
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NLHE tournament table, source – CoinPoker CoinPoker’s CSOP – crypto series of poker – main event starts in just over 12 hours at 18:30 GMT / UTC, with $100,000 guaranteed. At the time of publishing 30 players are registered – and the top finishers will win the following prize payouts: 1st place – 37,000 USDT…
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Bitcoin Price Prediction – Source: Tradingview Bitcoin (BTC) maintained its upward trend and experienced a strong upward rally, hitting the intra-day high of $65,100 before dropping near the $63,000 mark. Despite minor dips in other altcoins like Ethereum (ETH) and Dogecoin (DOGE), BTC held its ground. Fidelity’s sizeable investment in a Bitcoin ETF, which reflects…
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After the Samourai Wallet indictment, the cryptocurrency community discovered that the Bitcoin blockchain analysis platform OXT is no longer operational, as it was acquired by the Samourai team in December 2017. On April 25, Laurentmt, a co-founder of OXT and bitcoin advocate, revealed the closure on the social media site X with the statement, “RIP…
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In a decisive move, Zksnacks announced on Saturday that it will block all U.S. residents and citizens from accessing its bitcoin mixer, Wasabi Wallet. This policy change comes as U.S. authorities intensify their crackdown on unregulated crypto activities, spotlighting the recent indictment of Samourai Wallet founders. Wasabi Wallet Withdraws from U.S. Market to Avoid Regulatory…
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