crypto billionaire monero developer fluffypony riccardo spagni arrested for cookie fraud

Riccardo Spagni, the former developer of the privacy-oriented cryptocurrency Monero, was arrested last month over accusations of fraud. While Monero has attracted controversy for being the ‘vehicle of choice’ for cybercriminals, Spagni — or ‘fluffypony’ — is behind bars on non-crypto related charges. He has been accused of defrauding his former employer, Cape Cookies, of approximately $100,000 by generating false invoices. Similarly, John McAfee faced tax evasion charges, Ross… Source link

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Monero Price Prediction: Is It Going to Target $216?

Developers of Monero disclosed a significant bug in the privacy algorithm. XMR/USD is trading bearish on Tuesday amid the strength of the U.S. dollar.  Forex trading participants may look for a sell trade below the $236 level to the target of $225 and $216. The XMR/USD closed at $233.383 after placing a high of $243.379 and a low of $228.300. It dropped for 3rd consecutive session on Tuesday and reached below the $230 level. Therefore, Monero price forecast… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 3rd, 2021

Ethereum Ethereum rose by 2.04% on Monday. Following a 0.86% gain on Sunday, Ethereum ended the day at $2,608.12. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,503.70 before making a move. Steering clear of the first major support level at $2,467, Ethereum rallied to a late intraday high $2,666.36. Coming up against the first major resistance level at $2,666, however, Ethereum fell back to sub-$2,600 levels before finding late support. At the time of writing,… Source link

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Will Government Regulate Crypto? SEC Chair Gary Gensler on Bitcoin and Oversight

It’s become a parlor game in Washington, on Wall Street, and in Silicon Valley to figure out where U.S. Securities and Exchange Commission Chair Gary Gensler stands on cryptocurrencies. Industry lobbyists tune in when he testifies before Congress. Lawyers parse his speeches. Goldman Sachs Group Inc. wealth advisers recently boasted in a research report about looking for clues in 29 hours of the Blockchain and Money course he developed at the… Source link

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What Does Last Week’s Steep Drop in Bitcoin’s Balance on Exchanges Really Mean?

The amount of bitcoin being held across all exchanges fell sharply last week, a sign that based on past experience was taken a positive for the bitcoin market.  But the changing dynamics of the market show that as the crypto market grows bigger, relying on just one or two metrics can’t always reveal the full story of what’s going on. Data from blockchain data firm Glassnode shows that the balance of bitcoin on all exchanges fell 4.1% to 2.48 million from 2.587 million in the last four… Source link

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7 things to know before playing Litecoin casino games online

When most people think of crypto, they think of Bitcoin. Many people are missing out on the opportunities that come with investing in alternative cryptocurrencies, such as Litecoin, which is often referred to as the ‘silver’ to Bitcoin’s ‘gold’.   Litecoin is based on the Scrypt algorithm. This algorithm performs calculations that are less complex than those performed by Bitcoin’s SHA-256 algorithm. Because it requires less computational… Source link

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3 reasons why Ethereum can hit $3K in the short term despite overvaluation risks

Ethereum’s native asset, Ether (ETH), dropped after reclaiming its two-month high in the previous session, suggesting that its recent bullish rally was nearing exhaustion.  In detail, the ETH/USD pair topped out at $2,699 on Sunday for the first time since June 7. The pair’s peak level also pushed its relative strength index (RSI), a momentum-gauging indicator, above 70 — a mark that analysts consider overbought. Seemingly, traders with short-term risk setups sold the Ether top to… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 2nd, 2021

Ethereum Ethereum rose by 0.86% on Sunday. Following a 2.84% gain on Saturday, Ethereum ended the week up by 16.53% to $2,555.43. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,511.5 before making a move. Steering clear of the first major support level at $2,452, Ethereum rallied to a late intraday high $2,699.00. Ethereum broke through the first major resistance level at $2,585 and the second major resistance level at $2,636. A late pullback, however, saw Ethereum… Source link

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What if bitcoin went to zero?

Aug 2nd 2021 THE RECENT expansion of the crypto-universe is a thing of wonder. Only a year ago there were about 6,000 currencies listed on CoinMarketCap, a website. Today there are 11,145. Their combined market capitalisation has exploded from $330bn to $1.6trn today—roughly equivalent to the nominal GDP of Canada. More than 100m unique digital wallets hold them, about three times the number in 2018. Holders have become more sophisticated and deep-pocketed, too. Institutions account for 63%… Source link

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