jolinejones90

@jolinejones90

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The money laundering charge was part of a superseding indictment not initially filed as part of the eight-count indictment against Kwon in March 2023. Prosecutors filed the indictment under seal in May 2024, and a judge ordered it unsealed amid Kwon’s court appearance on Jan. 2.

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Ripple obtained in-principle approval from the Dubai Financial Services Authority within the DIFC. Meanwhile, in the ADGM, prominent companies such as Blockdaemon, Circle, Paxos and eToro made significant expansions or relocations, attracted by the region’s clarity and business-friendly climate. Tether’s USDt was listed as an accepted token in ADGM.

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Regulatory clarity has a gravitational pull, and in 2024, it drew significant market players to the UAE. Heavyweights like Binance, Crypto.com, OKX and Bybit received VASP licenses, expanding the range of services available, from exchange and lending to derivatives trading.

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The updated framework aims to close regulatory gaps, improve oversight of high-risk sectors, increase customer due diligence (CDD) measures, enforce stricter reporting obligations and implement tighter rules for businesses.

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The proposed rules, introduced by the Australian Transaction Reports and Analysis Center (AUSTRAC), follow on the heels of amendments to the AML/CTF Act passed by parliament in November.

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Meanwhile, pseudonymous crypto trader MisterSpread said that reaching the $4,000 price level may result in a short squeeze pushing Ether’s price a further 25% higher.

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“There’s a lot of great L1s, but there’s room for multiple. Android, iOS, and Windows all co-exist and make different tradeoffs,” Horsley said in a Dec. 4 X post.

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Bitwise Invest CEO Hunter Horsley said that “no one will be surprised when ETH crosses $4,000.”

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Pseudonymous crypto trader DCInvestor told their 250,800 X followers that “ETH has the preeminent lane for a reason, and it’s about to remind people why.”

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Meanwhile, Bitcoin recorded a 5.5% gain during the same period, with its current price at $101,345.

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It comes as Ether clocked a 5.5% gain over the past 24 hours, falling slightly short of tapping the $3,900 price level. At the time of publication, Ether was trading at $3,846, according to CoinMarketCap data.

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At the time of publication, the ETH/BTC ratio is 0.03811 as Bitcoin crossed the $100,000 mark, according to TradingView data. The ETH/BTC pair hit its all-time low of 0.00217 in December 2015.

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“I think the ETH/BTC collapse is over (or nearly over), and it should go higher over the next 6-12 months,” Into The Cryptoverse founder Benjamin Cowen said in a Dec. 4 X post.

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Ether’s underperformance against Bitcoin may be nearing its end, with crypto analysts suggesting Ether is inching closer to the $4,000 psychological price point.

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Regardless of where Bitcoin’s price ultimately lands, one thing is clear: It has reached yet another milestone, solidifying its place among the world’s most valuable hard assets. It has already surpassed silver, and now it has its sights set on gold.

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A warm Farcaster welcome to @b85599842!

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A warm Farcaster welcome to @r28890666!

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A warm Farcaster welcome to @jodie9801230!

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A warm Farcaster welcome to @browncathy7611!

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A warm Farcaster welcome to @j33794954!

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