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The Department of Justice announced the plea agreements on Jan. 17, stating that Adam Iza, 24, who dubbed himself the “crypto godfather,” founder of the Zort crypto trading platform, orchestrated a scheme involving intimidation, extortion, and fraud.
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garfilde6161
@garfilde6161
A cryptocurrency businessman and a Los Angeles County Sheriff’s Department (LASD) deputy have admitted to federal crimes, including conspiracy, civil rights violations, and tax evasion.
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garfilde6161
@garfilde6161
The Department of Justice announced the plea agreements on Jan. 17, stating that Adam Iza, 24, who dubbed himself the “crypto godfather,” founder of the Zort crypto trading platform, orchestrated a scheme involving intimidation, extortion, and fraud.
0 reply
4 recasts
6 reactions
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garfilde6161
@garfilde6161
A cryptocurrency businessman and a Los Angeles County Sheriff’s Department (LASD) deputy have admitted to federal crimes, including conspiracy, civil rights violations, and tax evasion.
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3 recasts
5 reactions
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Dorsey disallowed both claims in December, finding that Celsius’ original proofs of claim, which contained only a single sentence about investigating possible preference claims, were insufficient to preserve their preference claims.
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Celsius claimed FTX officers made “unsubstantiated and disparaging statements” about the firm’s balance sheet and financial condition in its first claim and then claimed $444 million in transfers to FTX entities should be returned to the bankruptcy estate in its amended claim.
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According to an August court filing, Celsius repaid about $2.53 billion to around 250,000 creditors, representing approximately 84% of the assets owed.
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r90280790
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The global average internet penetration is approximately 67.5%, while digitalization has happened at lightspeed in the European Union, where 93.1% of households are connected to the internet. Far from slowing down, this trend seems to be picking up at pace and is now evolving toward its next milestone: Web3.
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In the United States alone, $5.6 billion was stolen from investors through cryptocurrency scams in 2023. Power is becoming concentrated in the hands of a few creators, and the only way we can combat this is by giving strength back to the many.
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Bad crypto typically has a messianic leader and a flock. Yet, this power dynamic is unsustainable and contradicts why crypto was created in the first place — to give people a voice in governance.
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DAOs are already changing the face of decentralized finance. Uniswap DAO has been working toward expanding its $6 billion treasury — a treasury that uses its DAO to vote on what it should do with the capital. Although this technology currently has a novel use case, its application also has the power to change how we view money and who can access it.
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The best option is to take measured steps to develop community-driven infrastructures and systems like community coins. It is time for the industry to give power back to the community.
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Ether is poised to perform especially well in 2025, significantly outperforming Bitcoin, Steno said. In 2025, Steno expects the ETH/BTC ratio to hit “at least 0.06”. That is nearly double the current level of around 0.035, according to TradingView.
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This will usher in a broader alternative cryptocurrency — or “altcoin” — season in 2025, with Bitcoin dominance dropping from its current levels of nearly 57% to around 45%, according to the report.
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garfilde6161
@garfilde6161
This will usher in a broader alternative cryptocurrency — or “altcoin” — season in 2025, with Bitcoin dominance dropping from its current levels of nearly 57% to around 45%, according to the report.
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Basel Ismail, CEO of crypto investment analytics platform Blockcircle, agreed and said approval would be “one of the most bullish events in crypto history” as “it’ll catalyze a race to acquire as much Bitcoin as possible.”
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Veteran crypto investor and Bitcoin educator Chris Dunn said to Cointelegraph that such a FOMO-based competitive buying spree among countries could completely alter the current crypto market cycle.
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The Bitcoin market would likely change radically if states become market buyers. A new wave of new investors from global financial centers would flood the crypto markets, changing the market dynamics, psychology and reactions to certain events.
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m4197301
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Bitcoin is a unique market, driven so far by retail buying and selling with the price highly reactive to market psychology. The emergence of new types of investors could shift market dynamics, altering historical cycles.
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isabella22love99
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Ismail believes that “investors from the equities market will behave differently” than hyper-reactive retail investors. Institutional players bring deep pockets and advanced risk management strategies, which allow them to approach Bitcoin differently than retail investors.
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