Rose

@layagv98776

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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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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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In one instance, Iza sought to steal a laptop he believed held more than $100 million in cryptocurrency.

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Court documents allege that Iza employed off-duty LASD deputies as personal enforcers to target business rivals and perceived threats. Saavedra, leveraging his credentials as a deputy and a task force officer with the US Marshals Service, illegally accessed sensitive law enforcement databases, fabricated search warrant affidavits, and misused his badge to aid Iza’s vendettas.

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Eric Chase Saavedra, 41, a former LASD deputy and task force officer, misused law enforcement resources to aid Iza’s illegal activities.

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In one instance, Iza sought to steal a laptop he believed held more than $100 million in cryptocurrency.

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5 reactions

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Court documents allege that Iza employed off-duty LASD deputies as personal enforcers to target business rivals and perceived threats. Saavedra, leveraging his credentials as a deputy and a task force officer with the US Marshals Service, illegally accessed sensitive law enforcement databases, fabricated search warrant affidavits, and misused his badge to aid Iza’s vendettas.

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Eric Chase Saavedra, 41, a former LASD deputy and task force officer, misused law enforcement resources to aid Iza’s illegal activities.

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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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emilymiller08177

@emilymiller08177

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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🎮 The best games of 2024 on PC according to Metacritic ❗ To make it to the top, a project mush be released in 2024 and have at least seven reviews from critics. Titles are ranked by 'metascore' 🔺 Top 10: 1. Elden Ring: Shadow of the Erdtree - 92/100 2. Metaphor: ReFantazio - 92/100 3. UFO 50 - 91/100 4. Tekken 8 - 91/100 5. Animal Well - 91/100 6. Satisfactory - 91/100 7. Balatro - 90/100 8. Shin Megami Tensei V: Vengeance - 90/100 9. God of War: Ragnarök - 90/100 10. Thank Goodness You're Here! - 90/100

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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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Bitcoin dominance measures BTC’s percentage of crypto’s total market capitalization.

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Steno’s prediction is “partly based on the argument that Donald Trump’s U.S. presidential victory is more favorable for altcoins than for Bitcoin.”

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Steno’s prediction is “partly based on the argument that Donald Trump’s U.S. presidential victory is more favorable for altcoins than for Bitcoin.”

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Bitcoin dominance measures BTC’s percentage of crypto’s total market capitalization.

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