Archive for the ‘Cryptocurrency’ Category

How to Earn Daily Passive income with Cryptocurrency Cloud Mining – Analytics Insight

HappyMiner is a licensed cloud mining company that gained traction among cryptocurrency enthusiasts in recent years. With HappyMiner, more than 2,800K people from all around the world currently make money through cryptocurrency.

To address the latest innovation, HappyMiner offers cloud mining services for constant income through cryptocurrency. Like any certified hash provider, HappyMiner owns industrial facilities with a big tech park of professional Bitcoin mining rigs. With its user-friendly interface and efficient mining processes, more than 2,800K people from all around the world currently make money through cryptocurrency.

At the HappyMiner, several cryptocurrency contracts are accessible, and Power and overhead costs are free. They offer round-the-clock online support for their users. HappyMiners system is also protected by SSL and DDoS. The platform is easy to use. The platform is designed with a simple and intuitive interface that makes it easy for beginners to get started with cloud mining. Additionally, the mining process is fully automated, meaning users can start mining with just a few clicks. HappyMiner provides exceptional services around-the-clock.

HappyMiner operates under a United States license. This business has obtained cloud mining certification. The platform uses SSL to protect users financial and personal data, which provides 24-hour payout guarantees. Users are allowed to register with valid email addresses to protect the security of the cloud mining operation. The funds of HappyMiner users are always secure.

In addition, HappyMiner teams provide several cloud mining pricing packages, such as $10, $100, $1200, and $6400 packages, among others. Each has a specific contract length and offers a unique return on investment.

Furthermore, HappyMiner customers have a unique referral link, which can be shared with anyone that the users like to invite to start using HappyMiner. Any new user who registers using their referral link becomes a lifetime referral. With its ease of use, reliability, competitive pricing, and customer support, it is easy to earn passive income through HappyMiner cloud mining.

HappyMiner is a licensed cloud mining company founded in 2018 that gained traction among cryptocurrency enthusiasts in recent years. Like any certified hash provider, HappyMiner owns industrial facilities with a big tech park of professional Bitcoin mining rigs. Data centers are located in Iceland, Norway, and Canada. With HappyMiner, more than 2,800K people from all around the world currently make money through cryptocurrency.

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How to Earn Daily Passive income with Cryptocurrency Cloud Mining - Analytics Insight

Russian Nationals Charged With Hacking One Cryptocurrency … – Department of Justice

The Justice Department unsealed charges related to the 2011 hack of the cryptocurrency exchange Mt. Gox and the operation of the illicit cryptocurrency exchange BTC-e.

According to court documents, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, both Russian nationals, are charged with conspiring to launder approximately 647,000 bitcoins from their hack of Mt. Gox. Bilyuchenko is also charged with conspiring with Alexander Vinnik to operate BTC-e from 2011 to 2017.

This announcement marks an important milestone in two major cryptocurrency investigations. As alleged in the indictments, starting in 2011, Bilyuchenko and Verner stole a massive amount of cryptocurrency from Mt. Gox, contributing to the exchanges ultimate insolvency. Armed with the ill-gotten gains from Mt. Gox, Bilyuchenko allegedly went on to help set up the notorious BTC-e virtual currency exchange, which laundered funds for cyber criminals worldwide, said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Departments Criminal Division. These indictments highlight the departments unwavering commitment to bring to justice bad actors in the cryptocurrency ecosystem and prevent the abuse of the financial system.

As cyber criminals have become more sophisticated in their methods of thievery, our career prosecutors and law enforcement partners, too, have become experts in the latest technologies being abused for malicious purposes, said U.S. Attorney Damian Williams for the Southern District of New York. As alleged, Alexey Bilyuchenko and Aleksandr Verner thought they could outsmart the law by using sophisticated hacks to steal and launder massive amounts of cryptocurrency, a novel technology at the time, but the charges unsealed demonstrate our ability to tenaciously pursue these alleged criminals, no matter how complex their schemes, until they are brought to justice.

For years, Bilyuchenko and his co-conspirators allegedly operated a digital currency exchange that enabled criminals around the world including computer hackers, ransomware actors, narcotics rings, and corrupt public officials to launder billions of dollars, said U.S. Attorney Ismail J. Ramsey for the Northern District of California. The Department of Justice will work tirelessly to identify cyber criminals, no matter where they are. And Bilyuchenko and his co-conspirators will learn that the Department of Justice has long arms and an even longer memory for crimes that harm our communities.

Southern District of New York indictment

According to court documents unsealed in the Southern District of New York (SDNY), in or about September 2011, Bilyuchenko, Verner, and their co-conspirators allegedly gained unauthorized access to the server holding the cryptocurrency wallets for Mt. Gox. At the time, Mt. Gox was the largest Bitcoin exchange in existence, servicing thousands of users worldwide. Mt. Gox stored the cryptocurrency wallets containing its customers bitcoin, and the corresponding private keys used to authorize bitcoin transfers from those wallets, on a computer server in Japan.

The FBI will continue to work with our U.S. government and international partners to relentlessly pursue and disrupt malicious cyber actors wherever they may reside, said Assistant Director Bryan Vorndran of the FBIs Cyber Division. When cyber criminals engage in fraudulent activity, such as hacking and illicitly operating cryptocurrency exchanges, it is critical that we impose cost on the bad actors and ensure they face justice.

Bilyuchenko, Verner, and their co-conspirators allegedly used their unauthorized access to Mt. Goxs server to fraudulently cause bitcoin to be transferred from Mt. Goxs wallets to bitcoin addresses controlled by Bilyuchenko, Verner, and their co-conspirators. From September 2011 through at least May 2014, Bilyuchenko, Verner, and their co-conspirators allegedly caused the theft of at least approximately 647,000 bitcoins from Mt. Gox, representing the vast majority of the bitcoins belonging to Mt. Goxs customers. Bilyuchenko, Verner, and their co-conspirators allegedly laundered the bulk of the bitcoins stolen through Mt. Gox principally through bitcoin addresses associated with accounts Bilyuchenko, Verner, and their co-conspirators controlled at two other online bitcoin exchanges.

Cryptocurrency offers a new way for criminals to steal and launder money, but greed and deceit are nothing new, said Chief Jim Lee of IRS Criminal Investigation (IRS-CI). IRS-CI is specially equipped to follow the complex financial trail left by criminals, and we are dedicated to holding those accountable for crimes committed. IRS-CI is proud to stand with our law enforcement partners to announce this indictment.

In furtherance of the money laundering scheme, in or about April 2012, Bilyuchenko, Verner, and their co-conspirators allegedly negotiated and entered into a fraudulent contract (the Advertising Contract) to provide purported advertising services to a Bitcoin brokerage service based in the Southern District of New York (the New York Bitcoin Broker). Under the guise of the Advertising Contract, in order to conceal and liquidate the bitcoins stolen from Mt. Gox, Bilyuchenko and Verner allegedly made regular requests to the owner and operator of the New York Bitcoin Broker to make large wire transfers into various offshore bank accounts, including in the names of shell corporations, controlled by Bilyuchenko, Verner, and their co-conspirators. In accordance with these requests, between in or about March 2012 and in or about April 2013, the New York Bitcoin Broker allegedly transferred more than approximately $6.6 million to overseas bank accounts controlled by Bilyuchenko, Verner, and their co-conspirators. In exchange for the wire transfers, the New York Bitcoin Broker allegedly received credit on Exchange-1, through which Bilyuchenko, Verner, and their co-conspirators allegedly laundered more than 300,000 of the bitcoins stolen from Mt. Gox. The fraudulent Advertising Contract with the New York Bitcoin Broker allegedly enabled Bilyuchenko, Verner, and their co-conspirators to conceal and liquidate bitcoins stolen through the Mt. Gox Hack.

Mt. Gox ceased operations in 2014 after the theft was revealed.

Northern District of California indictment

According to court documents unsealed in the Northern District of California (NDCA), Bilyuchenko allegedly worked with Vinnik and others to operate the BTC-e exchange from 2011 until it was shut down by law enforcement in July 2017. During that time period, BTC-e was one of the worlds largest cryptocurrency exchanges and was one of the primary ways by which cyber criminals around the world transferred, laundered, and stored the criminal proceeds of their illegal activities.

BTC-e served over one million users worldwide, moving millions of bitcoin worth of deposits and withdrawals, and processing billions of dollars worth of transactions. BTC-e received criminal proceeds of numerous computer intrusions and hacking incidents, ransomware events, identity theft schemes, corrupt public officials, and narcotics distribution rings.

The Secret Service has a long tradition of pursuing and bringing to justice those who aim to exploit our financial systems and target innocent victims, said Special Agent in Charge William Mancino of the U.S. Secret Services Criminal Investigative Division. Working together with our local, state, and federal law enforcement partners, we will continue to investigate criminal organizations that operate in the ever-evolving cyber domain.

Homeland Security Investigations (HSI) continues to investigate cyber criminals illicitly operating in virtual spaces, and we are proud to have worked collaboratively with our law enforcement partners to bring these two individuals to justice, said Acting Executive Associate Director Katrina W. Berger of HSI. Our special agents continue to investigate transnational criminal organizations operating in emerging technologies, leveraging our broad authorities to identify, and dismantle those behind sophisticated crypto-scams.

The SDNY indictment charges Bilyuchenko and Verner with conspiracy to commit money laundering. The NDCA indictment charges Bilyuchenko with money laundering conspiracy and operating an unlicensed money services business.

The U.S. Attorneys Office for the Southern District of New Yorks Complex Frauds and Cybercrime Unit is handling the SDNY case. The FBI and IRS-CI are investigating the case and SDNY Assistant U.S. Attorney Olga I. Zverovich is prosecuting the case.

The Corporate and Securities Fraud Section of the U.S. Attorneys Office for the Northern District of California and the Criminal Divisions Computer Crime and Intellectual Property Section (CCIPS) are handling the NDCA case. The FBI; IRS-CI Oakland Field Office and Cyber Crime Unit in Washington, D.C.; U.S. Secret Service Criminal Investigative Division; and HSI are investigating the case. CCIPS Trial Attorney C. Alden Pelker and NDCA Assistant U.S. Attorney Claudia Quiroz, both members of the National Cryptocurrency Enforcement Team, and NDCA Assistant U.S. Attorney Katherine Lloyd-Lovett are prosecuting the case. The Justice Departments Office of International Affairs provided invaluable assistance.

A criminal indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

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Russian Nationals Charged With Hacking One Cryptocurrency ... - Department of Justice

Why is the Cryptocurrency Market Down Today? What to expect in … – Captain Altcoin

Home Journal Why is the Cryptocurrency Market Down Today? What to expect in the upcoming days?

The cryptocurrency market has been experiencing a downturn, with the global crypto market cap decreasing by 6.15% to $1.04 trillion.

The last time the total market cap of the cryptocurrency market was lower than the current level was on May 28, 2023. On that day, the total market cap was approximately $1.042 trillion, slightly lower than the current market cap of $1.043 trillion. (source: coinmarketcap) This indicates that the market has been relatively stable over the past couple of weeks, despite the recent downturn.

The leading cryptocurrency, Bitcoin (BTC), has seen a decrease of 4.06% in the last 24 hours, bringing its price to around $25,604.75. Ethereum (ETH), the second-largest cryptocurrency, has also experienced a decline, with its price falling by 6.02% to around $1,741.42.

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Uncover the latest jaw-dropping trends in the crypto market that are turning everyday investors into millionaires! From explosive Asian meme tokens to a Wall Street Memes token on the verge of hitting a mind-blowing $5 million, the crypto world is ablaze with profit potential. Witness Chinas surprising shift in crypto policy and dive into the viral sensation of Wall Street Memes, backed by global fame and Elon Musks attention. Plus, get an exclusive sneak peek at AiDoge, the AI-powered meme coin thats set to revolutionize the industry. Dont miss out on this once-in-a-lifetime opportunity to ride the wave of crypto success!

The crypto markets decline can be attributed to several factors. One of the main reasons is the regulatory actions by the U.S. Securities and Exchange Commission (SEC) against the industrys biggest exchanges, Binance and Coinbase. This has created a sense of uncertainty in the market, leading to a decrease in prices.

Another significant factor is the decision by Robinhood to delist certain tokens, namely Cardano (ADA), Solana (SOL), and Polygon (MATIC), from its online trading platform beginning June 27. These tokens, deemed unregistered securities in the SEC lawsuits, were among the worst performers on June 10, with ADA, SOL, and MATIC falling 22%, 25%, and 30% on the day, respectively.

Additionally, reports of Binance dumping $4.4 billion in crypto assets in recent weeks may have also contributed to the downward price pressure. The Bitcoin price drop also caught bullish options traders by surprise, liquidating long positions worth over $340 million in just 24 hours.

Despite the current downturn, there are signs that the market could rebound. The duration of the crypto market decline has coincided with an increase in the supply of Tether (USDT), the largest stablecoin by market capitalization. This suggests that there are considerable flows from cryptocurrencies to Tether addresses, which could indicate that investors are preparing to buy back into the market when the time is optimal.

However, from a technical perspective, the crypto market cap has broken below its key long-term support of the 200-week exponential moving average (200-week EMA), which raises its downside prospects in 2023. If the market cap declines further below the 200-week EMA, it could potentially reach a market cap of $875 billion next, down 25% from current levels.

On the other hand, bulls will argue that the weekly chart has painted an inverse-head-and-shoulders (IH&S) pattern, whose price target for 2023-2024 sits around $2.23 trillion, more than double the current worth.

In conclusion, while the cryptocurrency market is currently experiencing a downturn, there are signs of potential recovery. However, the market remains volatile and unpredictable, and investors should conduct their own research and exercise caution when making investment decisions.

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Why is the Cryptocurrency Market Down Today? What to expect in ... - Captain Altcoin

Exploring the Impact of Meme Culture on Cryptocurrency Market … – Analytics Insight

In the crypto world, market fluctuations can be influenced by various factors, and one emerging trend that has captured the attention of investors and enthusiasts alike is meme culture. Memes have become a significant part of online communities, with their ability to create viral and humorous content.

This article will analyze the similarities and differences between three prominent meme-inspired cryptocurrencies: Dogetti, Dogecoin, and Shiba Inu. By examining their features, utility, and community dynamics, we aim to understand how meme culture impacts market fluctuations and identify potential investment opportunities.

Dogetti is a meme coin that shares similarities with popular cryptocurrencies like Dogecoin and Shiba Inu. The concept behind Dogetti is to build a strong and united community of holders who are rewarded through a 2% reflection protocol. Inspired by mafia-themed books and films, Dogettis branding portrays its community as The Family, fostering a sense of uniqueness and togetherness. The primary goal of the Dogetti project is to help every family member increase their overall net worth. Additionally, Dogetti offers various forms of utility that form the core of its project.

Dogecoin, a well-known cryptocurrency that originated as a meme, gained popularity for its lighthearted and fun approach. Similar to Dogetti, Dogecoin has a vibrant community. Dogecoins primary purpose was to provide a tipping system on social media platforms, creating a way to appreciate content creators. Over time, Dogecoin expanded its utility and has been embraced by various businesses as a means of payment. Despite its meme origins, Dogecoin has shown resilience and has become a significant player in the crypto market.

Shiba Inu is another meme-inspired cryptocurrency that gained considerable attention due to its resemblance to Dogecoin. Shiba Inu positioned itself as the Dogecoin killer and offered an ecosystem that includes decentralized exchanges and meme tokens. Shiba Inus community, known as the Shiba Army, actively engages in social media and spreads awareness of the coin. While Shiba Inu shares similarities with Dogecoin and Dogetti, it also focuses on building a decentralized meme token ecosystem.

Meme culture plays a vital role in these meme-inspired cryptocurrencies success and market fluctuations. Memes have the power to create viral trends, which in turn attract attention and drive up demand for these coins. Memes comical and entertaining nature gives a sense of relatability and emotional connection among the community members. As a result, these cryptocurrencies have amassed a solid following and active participation from enthusiasts.

However, its important to note that meme culture alone does not guarantee long-term success. While Dogecoin has established a prominent position in the crypto market, other meme-inspired cryptocurrencies face more significant challenges. Investors should carefully evaluate utility, development team, and long-term prospects before investing in meme coins.

In this landscape, meme culture has undoubtedly left its mark. Dogetti, Dogecoin, and Shiba Inu are prominent examples of meme-inspired cryptocurrencies that have gained popularity and attracted a dedicated following. While all three coins leverage meme culture to engage their communities, Dogetti stands out with its unique branding as The Family. By focusing on community unity and providing regular rewards, Dogetti aims to create a sense of belonging and increase the net worth of its members.

If you are intrigued by the possibilities offered by meme-inspired cryptocurrencies, we invite you to visit Dogettis website to learn more about their unique approach and the potential opportunities they present.

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

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Exploring the Impact of Meme Culture on Cryptocurrency Market ... - Analytics Insight

TIMELINE: From ban to taxation FG’s journey to cryptocurrency … – TheCable

Bitcoin and other cryptocurrencies have long been a topic of debate and regulatory scrutiny worldwide, and Nigeria has been no exception.

In February 2021, the Central Bank of Nigeria (CBN) issued a circular to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) to close accounts of persons or entities involved in cryptocurrency transactions within their systems.

The CBN further warned local financial institutions against dealing in crypto-assets or facilitating payments for crypto exchanges.

The apex bank cited concerns over money laundering, terrorism financing, cybercrime and the volatility of cryptocurrencies as reasons for the ban.

The directive received significant backlash from the Nigerian public and the cryptocurrency community, as many saw it as a hindrance to technological advancement and economic growth.

However, just two years later, the government has taken a surprising turn by introducing taxation on cryptocurrencies.

Here is a timeline of major events in the two-year period that shaped the evolution of Nigerias stance on cryptocurrencies.

February 5,2021: CBN directs banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems.

February 9, 2021: CBN launches investigation into financial institutions offering services to cryptocurrency traders.

February 11, 2021: The senate invites the CBN, the Securities and Exchange Commission (SEC) to discuss opportunities and threats of cryptocurrency on Nigerias economy and security.

February 18, 2021: The International Monetary Fund (IMF) backs CBN, says cryptocurrencies may be used for illegal activities.

February 22, 2021: The SEC says there is a need to regulate cryptocurrencies.

February 26, 2021: Yemi Osinbajo, Vice President of Nigeria, calls for a regulatory framework for cryptocurrencies rather than an outright ban.

March 21, 2021: The CBN clarifies its position on the ban and states that individuals are not prohibited from buying and trading crypto, just not through any Nigerian bank or fintech.

April 15, 2021: SEC says discussion is ongoing with the CBN over the regulation of cryptocurrencies.

April 26, 2021: The Economic and Financial Crimes Commission (EFCC) warns Nigerians to be cautious before investing in Bitcoin.

July 22, 2021: The CBN announces plans to launch the eNairaa central bank digital currency (CBDC) which is quite different from Bitcoin and other cryptocurrencies.

October 25,2021: Nigeria becomes first African nationto launch a digital currency the eNaira.

April 7, 2022: CBN hits six banks with a N1.3 billion fine over alleged non-compliance with its regulation on accounts of cryptocurrency traders.

May 15, 2022: The SEC recognises digital assets as securities and issues regulations on exchange and custody of cryptocurrencies in the country.

INTRODUCTION OF TAXATION ON CRYPTOCURRENCY

The federal government surprised many by announcing its decision to tax cryptocurrencies.

The government said it recognised the growing adoption and economic significance of digital assets and aimed to harness their potential for revenue generation.

By doing so, Nigeria joins the league of jurisdictions currently taxing digital assets, including the United Kingdom, the United States of America, Australia, India, Kenya and South Africa.

December 2, 2022: Zainab Ahmed, minister of finance, budget and national planning, says there is a provision to tax cryptocurrency and other digital assets in the latest finance bill.

May 28, 2023: President Muhammadu Buhari signs the 2023 finance bill into law. The law introduces a 10 percent taxation of gains on the disposal of digital assets including cryptocurrency. The law is effective as of May 1, 2023.

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TIMELINE: From ban to taxation FG's journey to cryptocurrency ... - TheCable