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Nick Abrol

@nick7snowcrypto

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Nick Abrol pfp
Nick Abrol
@nick7snowcrypto
Roman Sterlingov Receives 12-Year Prison Sentence for Crypto Money Laundering đŸ”» > Roman Sterlingov, the founder of the longest-operating cryptocurrency mixer on the darknet, received a prison sentence of 12 years and 6 months from the U.S. Department of Justice > According to the U.S. Department of Justice, Sterlingov was accused of laundering hundreds of millions of dollars through a cryptocurrency mixer called Bitcoin Fog over a decade > Prosecutors indicated that Sterlingov conducted approximately 1.2 million Bitcoin (BTC) transactions using Bitcoin Fog from 2011 to 2021, with an estimated value of around 400 million dollars during that period > U.S. Attorney Matthew M. Graves stated that Sterlingov’s operation of the mixer facilitated illegal activities > Sterlingov was acquitted by the competent court on charges of money laundering conspiracy, operating an unlicensed money transmitting business, and unlicensed money transmission > In addition to his prison sentence, Sterlingov will forfeit 

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Nick Abrol
@nick7snowcrypto
21Shares Joins the Race to Launch an XRP ETF With SEC Filing 🏩 > Swiss ETF issuer 21Shares has filed an S-1 form with the SEC to launch a spot fund that tracks the price of XRP > Cryptocurrency exchange-traded fund (ETF) issuer 21Shares wants to give American investors exposure to XRP > If approved, the 21Shares Core XRP Trust would track the price of the seventh-biggest digital coin by market cap, via shares that trade throughout the day > The firm said in a statement that it "remains committed to working towards expanding U.S. investor access to the cryptocurrency asset class, and we look forward to driving innovation in the U.S." > XRP is a digital coin created by the founders of fintech company Ripple. 21Shares issues ETFs, and operates spot Bitcoin and Ethereum funds in the U.S. following approvals from the SEC earlier this year > Other asset managers—including crypto asset manager Bitwise—hope to release an ETF that tracks the price of XRP. Asset manager Grayscale also recently launched

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Nick Abrol
@nick7snowcrypto
Michael Saylor Urges Microsoft to Invest in Bitcoin đŸ”„ > Prominent Bitcoin advocate Michael Saylor has reached out to Microsoft’s CEO, Satya Nadella, urging the tech giant to consider Bitcoin as part of its investment portfolio. This appeal comes in light of a proposal submitted to the U.S. Securities and Exchange Commission (SEC) that recommends Microsoft evaluate Bitcoin as a treasury asset > Saylor, who also leads MicroStrategy, made a compelling case on the X platform, suggesting that Microsoft could tap into significant financial opportunities by adding Bitcoin to its balance sheet. He pointed out that MicroStrategy has amassed a considerable Bitcoin reserve, currently holding 252,220 BTC worth over $17 billion, acquired at a total cost of roughly $9.9 billion. This bold move has seen MicroStrategy’s shares soar to a 25-year peak, gaining over 10% to reach $235.89 > The shareholder proposal from the National Public Policy Research Center strongly advocates for Bitcoin’s inclusion in Microso

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Nick Abrol
@nick7snowcrypto
Bitcoin Price Plummets Toward $59K, $250M Liquidated in a Day > The cryptocurrency market has seen better days. Bitcoin’s price hovered at the $62,000 range for a few days, but it appears that the bears were finally able to take full control > Just a few moments ago, BTC dropped below $59,000, reaching a local low of $58,867 The move has resulted in the liquidation of more than $250 million in leveraged positions, the majority of which, of course, is long > Bitcoin’s price reacted negatively to the announcement of higher-than-expected CPI numbers. The Consumer Price Index is a gauge for inflation in the United States. An increase essentially means that the Federal Reserve might not cut rates again in November, which is bad news for risk-on assets such as Bitcoin
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Nick Abrol
@nick7snowcrypto
U.S. Regulators Impose Restrictions on Banks Serving the Crypto Industry đŸ”» > U.S. federal bank regulators are imposing restrictions on banks that serve the crypto industry. This action follows a series of bankruptcies last March, where authorities held cryptocurrencies accountable for the failures > The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) have requested certain banks to limit deposits from crypto companies to 15% of their total deposits for risk management purposes. Regulators are concerned about real-time payment platforms favored by crypto firms, which can operate 24/7 outside of normal business hours > Elaine Hetrick, director of Silvergate Bank, indicated that her bank decided to cease operations due to mounting pressures following the FTX collapse. Other banks, including Customers Bank, Cross River Bank, and Western Alliance Bank, are facing similar regulatory scrutiny > Officials from the Cooper & Kirk law firm believe the ongoing pressure is not legally 

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Nick Abrol
@nick7snowcrypto
Crypto hacks explode 8x in just one month—$116M stolen in September alone đŸ’» > According to Binance’s crypto report, several firms lost over $116 million to crypto hacks in September alone. This figure is more than eight times the value lost in August. Centralized exchanges were the primary targets, with over 20 hacks > BingX, Indodax, and Penpie top the list of most affected crypto exchanges in September’s hacks > Out of all affected crypto exchanges, centralized platform BingX suffered the largest hit, losing over $44 million. On September 19, various security firms began reporting on the millions being siphoned out of the Singapore-based exchange, leading the company to announce a temporary pause in operations for ‘wallet maintenance.’ > Later, the exchange reassured users that refunds would be provided, describing the asset loss as ‘minor.’ In addition to BingX’s losses, decentralized exchange PenPie lost $27 million in a hacker exploit of its reward system, while Indodax had over

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Nick Abrol
@nick7snowcrypto
CATS Airdrop Listing Date Announced on Major Exchanges đŸ˜» > The CATS token airdrop is gearing up for its big listing on major exchanges like ByBit, Bitget, Gate, and KuCoin, with the official launch scheduled for October 8th, 2024, at 10:00 UTC > Following this, the on-chain claim will open two days later, allowing users to claim their airdropped tokens. The airdrop distribution considers Telegram account factors like age, premium status, and activity levels. This event marks the beginning of Season 2 for CATS, promising further developments​ > Initially, season 1 was supposed to end on September, 30th, but due to technical issues with the app, the snapshot period has been extended to additional three days. The final snapshot will now be taken on October 3rd, giving users extra time to meet the requirements > The CATS token has a total supply of 600 billion, with 55% earmarked for the airdrop across Seasons 1 and 2. Users can boost their earnings by inviting friends or completing simple tasks such

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Nick Abrol
@nick7snowcrypto
Terra Luna Classic Successfully Implements Major Tax2Gas Update đŸ”„ > LUNC gained value today after completing a significant update necessary for the long-awaited Tax2Gas feature of Terra Luna Classic. Additionally, the proposal for the v3.1.6 update received 100% support. This development is considered a crucial milestone for the community as it aims to enhance transaction efficiency and strengthen ecosystem security > The new v3.1.6 update includes critical improvements, such as a security patch for the WebAssembly Virtual Machine (wasmvm). The wasmvm version has been updated to 1.5.5, increasing the network’s resilience against potential security vulnerabilities. Furthermore, a simulation feature for transaction fees on taxable transactions was developed, optimizing transaction management across the network > The update halted the blockchain at block height 20085000, allowing validators to load the latest terrad client. The unanimous vote of 100% from the Terra community reflects the strong consen

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Nick Abrol
@nick7snowcrypto
HBO exposes the identity of Bitcoin creator Satoshi Nakamoto đŸ”„ > HBO’s upcoming documentary claims it has finally uncovered the true identity of Satoshi Nakamoto, the anonymous creator of Bitcoin > Set to air next Wednesday at 2 a.m. CET (9 p.m. EST on Tuesday), the show promises to end one of the biggest mysteries in the crypto world > Directed by Emmy-nominated Cullen Hoback, the man behind “Q: Into the Storm,” this documentary could have massive global implications, potentially rattling financial markets and shaking the U.S. presidential race, with Donald Trump receiving support from Bitcoin enthusiasts > Bitcoin has been a major force since it launched in 2009. Born as a decentralized cryptocurrency, it’s grown into a trillion-dollar asset class > For years, people have speculated about the true identity of its creator, but no one has been able to prove anything definitively > The list of potential Satoshi Nakamotos is long, and a few names have gained more attention over the years. Cr

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Nick Abrol
@nick7snowcrypto
Court revives 2020 AT&T case over $24M crypto theft via SIM swap đŸ“± > AT&T will be back in court facing charges of failing to protect user information after part of a summary judgment in its favor was overturned on appeal > The case began in 2020 when crypto investor Michael Terpin sued a recent high school graduate for stealing $24 million in the cryptocurrency Trigger from him through a SIM swap that allowed Pinsky to overcome the two-factor authentication protecting one of Terpin’s crypto wallets > Ellis Pinsky was 15 in 2018 when he and an accomplice bribed an AT&T employee to transfer Terpin’s SIM (subscriber identity module) card information onto a blank card in their phone. The long and complicated legal struggle that followed earned Pinsky the nickname “Baby Al Capone” and involved him in a potentially precedent-setting case against AT&T > A panel in the Ninth Circuit Court of Appeals found that Terpin’s claims were rightfully dismissed, except for the claim under Section 222 of the

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Nick Abrol
@nick7snowcrypto
LUNC, USTC Price Jump 10% As Binance Burns 1.14 Billion Terra Luna Classic đŸ”ș > The world’s largest crypto exchange Binance has burned 1.14 Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism. This move has sparked optimism, as evidenced by the surge of over 10% in LUNC and USTC prices. Besides, the latest LUNC burn frenzy by the leading exchange has also fueled investors’ sentiment, who are anticipating a further rally in the crypto’s price > LuncLive validator owner, Mr. Diamondhandz, highlighted the importance of Binance’s contribution to social media platform X, expressing his gratitude to Binance CEO Changpeng Zhao and his team. He said, “Binance burned 1,142,098,248.09 LUNC for their monthly burn! Thank you CZ and company for supporting the LunaClassic community since 2022! LUNC to the moon!” His statement reflects the community’s optimism and ongoing support for the revival of the Terra Classic ecosystem >Binance has played a key role in supporting the LUNC ecosyst

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Nick Abrol
@nick7snowcrypto
LUNC, USTC Price Jump 10% As Binance Burns 1.14 Billion Terra Luna Classic đŸ”ș > The world’s largest crypto exchange Binance has burned 1.14 Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism. This move has sparked optimism, as evidenced by the surge of over 10% in LUNC and USTC prices. Besides, the latest LUNC burn frenzy by the leading exchange has also fueled investors’ sentiment, who are anticipating a further rally in the crypto’s price > LuncLive validator owner, Mr. Diamondhandz, highlighted the importance of Binance’s contribution to social media platform X, expressing his gratitude to Binance CEO Changpeng Zhao and his team. He said, “Binance burned 1,142,098,248.09 LUNC for their monthly burn! Thank you CZ and company for supporting the LunaClassic community since 2022! LUNC to the moon!” His statement reflects the community’s optimism and ongoing support for the revival of the Terra Classic ecosystem >Binance has played a key role in supporting the LUNC ecosyst

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Nick Abrol pfp
Nick Abrol
@nick7snowcrypto
LUNC, USTC Price Jump 10% As Binance Burns 1.14 Billion Terra Luna Classic đŸ”ș > The world’s largest crypto exchange Binance has burned 1.14 Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism. This move has sparked optimism, as evidenced by the surge of over 10% in LUNC and USTC prices. Besides, the latest LUNC burn frenzy by the leading exchange has also fueled investors’ sentiment, who are anticipating a further rally in the crypto’s price > LuncLive validator owner, Mr. Diamondhandz, highlighted the importance of Binance’s contribution to social media platform X, expressing his gratitude to Binance CEO Changpeng Zhao and his team. He said, “Binance burned 1,142,098,248.09 LUNC for their monthly burn! Thank you CZ and company for supporting the LunaClassic community since 2022! LUNC to the moon!” His statement reflects the community’s optimism and ongoing support for the revival of the Terra Classic ecosystem >Binance has played a key role in supporting the LUNC ecosyst

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Nick Abrol pfp
Nick Abrol
@nick7snowcrypto
LUNC, USTC Price Jump 10% As Binance Burns 1.14 Billion Terra Luna Classic đŸ”ș > The world’s largest crypto exchange Binance has burned 1.14 Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism. This move has sparked optimism, as evidenced by the surge of over 10% in LUNC and USTC prices. Besides, the latest LUNC burn frenzy by the leading exchange has also fueled investors’ sentiment, who are anticipating a further rally in the crypto’s price > LuncLive validator owner, Mr. Diamondhandz, highlighted the importance of Binance’s contribution to social media platform X, expressing his gratitude to Binance CEO Changpeng Zhao and his team. He said, “Binance burned 1,142,098,248.09 LUNC for their monthly burn! Thank you CZ and company for supporting the LunaClassic community since 2022! LUNC to the moon!” His statement reflects the community’s optimism and ongoing support for the revival of the Terra Classic ecosystem >Binance has played a key role in supporting the LUNC ecosyst

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Nick Abrol
@nick7snowcrypto
Binance Founder Released From US Prison After 4-Month SentenceđŸ”ș > Binance founder and former CEO Changpeng “CZ” Zhao was released from a United States federal prison on Sept. 27 after serving a four-month sentence for Anti-Money Laundering (AML) violations, according to a spokesperson for the United States Federal Bureau of Prisons who spoke to Cointelegraph > CZ pled guilty in November to federal charges related to the failure to implement adequate AML controls at Binance, which is recognized as the world’s largest cryptocurrency exchange by daily trading volumes. This was stated in a Nov. 21 announcement from the US Department of Justice. Following his guilty plea, he also resigned from his position as CEO of Binance > With a net worth estimated at around $60 billion, CZ is now the wealthiest individual to serve a prison sentence in the United States > CZ’s four-month sentence was a substantial reduction from the 36 months originally sought by the DOJ to reflect the seriousness of the offe

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Nick Abrol
@nick7snowcrypto
Crypto Investor Turns $1.3K into $12.45 M in Just 17 Days with Moo Deng Memecoin 🏩 > A crypto investor has made history, making $12.45 Million in profits after investing just $1331 in a newly launched Moo Deng Memecoin > Crypto trading is an astonishing and intriguing process where various factors determine the outcome of an investment. Here, one wrong choice can cost a trader’s entire holding, but at the same time, the right decision can make thousands or even millions in profits > As the crypto market is following a recovery trail, many cryptocurrencies are rising in value. However, this crypto investor has found a new opportunity, where he invested in the newly launched Moo Deng memecoin, which has gained immediate traction in the market. With this hype, the investor’s $1.3k has turned into $12.45 Million within just 17 days, setting an example for others > This crypto trading news came to people’s attention with the Lookonchain X post, which revealed that the crypto investor spent 9.8 Sol

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Nick Abrol
@nick7snowcrypto
Hamster Kombat Players Earn Only $10 After Token Launch đŸ”» > The highly anticipated $HMSTR token, tied to the viral play-to-earn game Hamster Kombat, has launched today with a price of around only ‘$0.0081’, leaving many hamster CEOs aka the players disappointed > Despite widespread excitement, players of the popular crypto game are expected to earn no more than $10 each as the token goes live for trading on major exchanges like Binance and OKX today > Hamster Kombat game has been met with disappointment among many players, who are finding their rewards far below expectations after spending months on the game > A dedicated player of Hamster Kombat shared their experience, revealing that player earned approximately 1,300 $HMSTR tokens. However, based on the $HMSTR launch price, the player’s total earnings amount to only around $10 > Further, a Twitter user named Crypto with Khan highlighted a major issue with the Hamster Kombat airdrop that many users are receiving less than $5 in airdrop value

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Nick Abrol
@nick7snowcrypto
TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing > The California companies were accused by the U.S. Securities and Exchange Commission of misrepresenting the backing of stablecoin TUSD > The U.S. Securities and Exchange Commission has settled fraud accusations with firms associated with Archblock and the TrueUSD stablecoin > The related companies were also said to offer and sell securities tied to TUSD without registering with the SEC > TrustToken and TrueCoin – now rebranded and under the umbrella of Archbock – settled accusations that they knowingly misrepresented the backing of the TrueUSD (TUSD) stablecoin and offered securities tied to it without properly registering, the U.S. Securities and Exchange Commission said in a Tuesday statement > The companies agreed to pay $163,766 each in fines, and TrueCoin will return nearly $400,000 in profits and interest, assuming a federal court approves the settlement. They've also agreed not to violate the relevant secu

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Nick Abrol
@nick7snowcrypto
Hamster Kombat Bans Over 2.3 Million Users for Cheating đŸ˜± > Hamster Kombat, a Telegram-based clicker game, recently announced the disqualification of over 2.3 million players for suspected cheating, sparking significant controversy among its community > This figure is equivalent to the population of Rome, and many users expressed frustration over the harsh penalties, particularly those who invested months into farming rewards > The game’s developers put in strict anti-cheat measures after noticing some suspicious behaviors. For example, one player linked over 400 accounts to a single Binance address, while another invited nearly 2,000 flagged “friends.” They also tracked user activities, finding accounts that logged in at the same time every day or repeatedly clicked on the same spot > In total, 6.8 billion tokens have been confiscated from these alleged cheaters. The developers stated that 50% of the reclaimed tokens would be redistributed to honest players, while the other 50% would be burned
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Nick Abrol
@nick7snowcrypto
Hamster Kombat Unveils Interlude Season Before HMSTR Airdrop âšĄïž > Hamster Kombat, the popular Telegram tap-to-earn game, has kicked off its “Interlude Season” as it prepares for the launch of its HMSTR token and airdrop on September 26. On Friday, the game took a snapshot of players’ progress, marking the end of the current season > During this interlude, many familiar features are gone. Players can no longer earn in-game coins by tapping the main screen, and the Mine menu with crypto exchange upgrades has been removed > Instead, players can earn in-game diamonds by participating in native and partnered games, inviting friends, following social media accounts, and watching Hamster Kombat videos on YouTube > A new Mine submenu is available in the Playground menu, allowing players to purchase and upgrade startup-themed cards with their diamonds, which will help them earn even more diamonds > The developers have promised a future season focused on play-to-earn rewards after the airdrop. This in

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