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🇨🇳 China has successfully extradited a suspect involved in a massive $14 billion cryptocurrency pyramid scheme from Thailand.
🚧 The suspect, identified as Zhang, is accused of leading the MBI Group, which allegedly lured over 10 million investors with promises of high returns from 2012 until the present.
According to China’s Ministry of Public Security, Zhang’s scheme required participants to pay fees ranging from 700 yuan ($98) to 245,000 yuan ($34,300) in exchange for platform membership through the issuance of virtual digital currency.
The group reportedly accumulated over 100 billion yuan ($14 billion) in funds.
😭 Zhang investigation
The investigation into Zhang began in November 2020, led by police in Chongqing, China. In March 2021, Interpol issued a red notice for Zhang, leading to his arrest by Thai authorities in July 2022.
A Thai court ruled in May 2023 to extradite Zhang to China, and the extradition was completed on August 20, 2024.
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Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic.
@cryptoopdate
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#Snx
Testing Crucial Area Falling Wedge + Horizontal Resistance Snx Needs To Clear This Area 1.65$ To Continue Its Bullish Wave Incase Of Successful Breakout Snx Will Target Next Résistance Between 1.95 - 2.00 Area Next Résistance Woll Be Around 3.20$ These Are Possible Targets Incase Of Successful Breakout ✅
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Binance founder CZ moved to halfway house, remains in custody
Changpeng Zhao, former CEO of Binance, has been transferred from prison to a halfway house in Long Beach, California
Good to hear tho, what do you guys think
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JUST IN: Donald Trump teases crypto project and says "for too long, the average American has been squeezed by the big banks and financial elites.
It's time we take a stand together."
@cryptoopdate
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🇦🇪 Tether plans to launch a stablecoin pegged to the UAE dirham in collaboration with Phoenix Group PLC and Green Acorn Investments, aiming to enhance international trade and remittances.
The new stablecoin will be fully backed by UAE-based reserves and provide users with a cost-effective method for accessing AED benefits.
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#Trx
Moving Towards Targets Sharply After Breaking Out Running In 15%+ Profit So Far
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🇺🇸US Solana ETFs have ‘snowball’s chance in hell’ of approval, says analyst
Solana ETF approvals are extremely unlikely this year, though VanEck’s head of digital assets, continues to believe in them.
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♻️ XRP Elliott Wave technical analysis
Elliott Wave Analysis TradingLounge Daily Chart, XRP/ U.S. dollar(XRPUSD) XRPUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid level: Details: the five-wave Increase of wave III XRP/...
@cryptoopdate
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🚧 Ethereum ETFs extend streak with $20 million in outflows, ETH poised to continue consolidation
Ethereum (ETH) is down nearly 1% on Tuesday as its weak open interest indicates that prices will likely remain range-bound in the coming...
@cryptoopdate
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#XRP
Is Poised For A Massive Breakout From A Multi-Year Symmetrical Triangle, Potentially Leading To A New All-Time High In The Coming Months. The SEC Case Closure Is A Major Win For #Crypto And Ripple
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The 2024 US elections: Who’s winning, and how does crypto factor in? | Opinion
In the ‘presidential war of perception’ during the 2024 U.S. elections, crypto voters will play an integral role in a candidate's victory, argues Courage Kimber.
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🇦🇪 RAKBANK, a government-owned bank in the UAE, has partnered with Bitpanda to create a digital asset management platform for residents, though it still awaits approval from the Central Bank.
This move aligns with the UAE's growing embrace of crypto, following recent advancements like the launch of RAK Digital Assets Oasis and a Dubai court's recognition of crypto for salary payments.
@cryptoopdate
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Second trading withdrawal from xrp trading.
Remember you will be the one taking all the trades
No deposit to any website
All you need is xrp in your Trustwallet then set up the script and start trading.
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Our xrp trading still booming ✅🚀🚀
Dm @xrpscripts to join the team
It’s free
All you need is trading capital, Trustwallet and pc.
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#Usd
Usd Dollar Breaking Down Long Symmetrical Triangle Successful Breakout Can Be Good For $Btc And Other #Cryptos
