Dorothy
@dorothyevans
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205 Followers
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The Nigerian Police Force has arrested Linus Williams, a well-known local crypto celebrity known as BLord, for alleged crypto fraud.
In a Wednesday post on X, Olumuyiwa Adejobi, the Force Public Relations Officer, confirmed the arrest, adding that he is accuded of internet fraud, cryptocurrency fraud, terrorism funding, and violations of the Central Bank of Nigeria (CBN) Act.
The police statement implicates BLord and his associated companies, namely Blord Group, Blord Real Estate Ltd, Blord Jetpaye Limited, and Billpoint Technology. 0 reply
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The cryptocurrency market, led by Bitcoin, has exhibited a dynamic trajectory in 2024.
While marked by periods of significant price fluctuations, the overall sentiment remains cautiously optimistic, fueled by growing institutional interest and a gradual shift towards mainstream acceptance.
Bitcoin, as the most dominant digital asset, has remained the focal point for investors navigating the crypto landscape. Its price has been influenced by a complex interplay of factors, including macroeconomic conditions, geopolitical events, and the actions of major market participants.
Global economic trends, particularly central bank policies and inflation rates, have exerted considerable influence on Bitcoin’s price.
The Federal Reserve’s monetary policy adjustments and the ongoing global economic recovery post-pandemic have contributed to the cryptocurrency’s volatility. 0 reply
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Tron founder Justin Sun Buys 1,614 ETH Worth $5 Million USDT
The recent ETH purchases coincide with preparations ahead of the anticipated approval of a spot Ether ETF by the end of July. Spot on Chain, an on-chain data provider, also noted Sun’s deposit of 45 million USDT to Binance, suggesting potential future Ethereum acquisitions.
Meanwhile, Ethereum whale activity has surged, with notable deposits and transactions. The Golem Project, for instance, made significant ETH deposits to Binance but has reportedly ceased selling while staking 40,000 ETH.
Elwood Technologies followed suit by depositing 26,811 ETH, valued at over $84 million, to Binance within the last three days. However, withdrawals of 24,463 ETH from Elwood-related addresses on Binance were also observed during the same period. 0 reply
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