LBANK INFO CRYPTOCURRENCY

The Oost-Brabant district court in the Netherlands has sentenced Alexey Pertsev, co-developer of Tornado Cash, to 64 months in prison for his involvement in creating and maintaining the crypto mixing tool . The court alleges that Tornado Cash enables “criminal activity and terrorism.”  Pertsev, along with two other individuals, developed Tornado Cash, a tool for concealing the origin, ownership, and destination of cryptocurrency transactions. Tornado Cash Accused Of Facilitating $2B Money Laundering Operation The court’s investigation revealed that Tornado Cash allegedly facilitated the laundering of approximately $1.2 billion in Ethereum (ETH), derived from 36 different thefts or hacks. However, when considering parameters for selecting these hacks, the estimated amount laundered could exceed $2.2 billion.  The court also acknowledged the possibility of cryptocurrency laundering from other crimes. Despite Pertsev’s claim that Tornado Cash aimed to offer privacy solutions for the

Ethereum remains under immense selling pressure, shaving over 30% from March 2024 highs. With prices recently dropping below $3,000 and sellers doubling down, there could be no reprieve for optimistic buyers in the sessions to come.  Analyst Expects One More “Washout” To $2,700 Taking to X, one analyst  notes that the coin is still bearish and moving inside a falling wedge. The trader predicts that ETH will continue dropping below immediate support levels.  In a post, the trader predicts a potential “washout” for ETH that would likely see the coin fall below $2,700. The analyst added that despite the prevailing fear, the overall structure of Ethereum price action remains unchanged.  The Ethereum candlestick arrangement in the daily chart shows that Ethereum prices are within a bearish breakout formation. Following the sharp losses in mid-April, buyers have yet to unwind losses.  Accordingly, unless there is no strong push above $3,300 and the descending wedge, the odds of selle

Toronto-based Bitcoin mining company Bitfarms has announced the termination of its interim president and chief executive officer (CEO), Geoffrey Morphy after he filed a $27 million lawsuit against the company.  According to Bloomberg, the lawsuit alleges breach of contract and “wrongful termination” and seeks compensatory and punitive damages. Bitfarm believes the claims are without merit and intends to defend itself. Bitfarms Shifts Leadership Geoffrey Morphy, who assumed both leadership positions in late 2022, was initially slated to leave the company pending the appointment of his successor. However, following the lawsuit, Bitfarms immediately terminated Morphy’s employment, and he no longer serves as a company director . Bitfarms has named Nicolas Bonta, the company’s chairman and co-founder, interim president, and CEO, while the search for a permanent replacement is underway. The search is nearing completion, with Bitfarms anticipating the appointment of a new CEO within the

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Chinese law enforcement has disrupted a covert banking network that leveraged cryptocurrencies to execute unauthorized foreign exchange transactions totaling around 2.14 billion yuan ($295.8 million). This illicit operation mainly converted the Chinese yuan into the South Korean won, evading the established legal frameworks for currency exchange. Uncovering The Shadow Crypto Banking Network  In Jilin province, police apprehended six people connected to this operation, underscoring the growing role of digital currencies in bypassing standard financial regulations. According to official statements, this clandestine banking entity utilized cryptocurrencies’ inherent “anonymity and decentralization” to carry out these unlawful transactions. It was reported that the accused managed domestic bank accounts to receive and channel funds and conduct over-the-counter cryptocurrency trades. These activities primarily served several business types, including South Korean purchasing agents,

Hi I’m 100% I’ve bought BTC right from the beginning. But I don’t know how to access my wallet. I had an old email that I don’t have access anymore. What can I do? Whom i can talk to? What documents I can give to prove my identity ? Thanks from Recent Questions - Bitcoin Stack Exchange https://ift.tt/y2uNCGQ via IFTTT