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An online cryptocurrency influencer popularly known as Bitcoin Rodney on Tuesday challenged being held in jail pending trial and asked a judge to release him in high intensity supervision.

According to the pretrial services report, Rodney Burtons aunt, who resides in Maryland, is willing to serve as his custodian if the court releases Burton.

Burton was arrested at the Miami International Airport in January and charged with one count of conspiracy to operate an unlicensed money transmitting business and one count of operating an unlicensed money transmitting business.

A detention review hearing is set for July 8 in U.S. District Court in Baltimore. No trial date has been set.

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Magistrate Judge Erin Aslan in U.S. District Court in Baltimore ordered Burton detained pending trail, citing strong evidence, including witnesses, transaction records and recorded calls, along with Burton receiving $40,000 a month in income and having yachts, cars and other assets. The judge also noted that Burton was arrested with a one-way ticket to United Arab Emirates, according to court documents.

Burton said he does not own a yacht anymore as of May 2024, which the government cited as a significant asset and a way to escape to Dubai despite no longer having a passport.

According to Burton, the government selected self-serving excerpts that were taken out of context from the approximately 35-minute recorded phone call that was used as evidence to determine a serious risk he would not appear for trial and had consciousness of guilt.

In a December call with Brenda Chunga, also known as Bitcoin Beautee, Burton said he discussed a new business opportunity regarding artificial intelligence, not cryptocurrency or passive income, and his intention of moving to Dubai in January to run his new endeavor.

The government alleged that Burton booked a one-way ticket to the United Arab Emirates to evade prosecution. Burton said that in the recording it is clear that he did not know whether he was being investigated for this case or that he was going to be arrested.

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Burton argued his travel to Dubai was required since he has legitimate business opportunities there and never alluded to going there to avoid prosecution in the recorded call.

In a detention memo, the government alleged that Burton is a part of a Ponzi Scheme, but unlike Chunga who pleaded guilty to security and wire fraud, Burton is not indicted on securities fraud or wire fraud offenses.

Burton also defended his character in favor of his release.

He said he has a nonviolent prior criminal background, which occurred over 17 years ago, and he did not miss a court date in any of those cases.

Burton successfully completed substance abuse treatment in 2012 and noted the instance where he corrected a statement on his own violation that he last used cocaine ten years ago by reporting his more recent use to Maryland pretrial services.

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Additionally, Burton said the offenses he is charged with do not favor detention because they are nonviolent in nature.

The criminal case involves Burton, 54; Chunga, 43, an associate; and Sam Lee, 35, an international fugitive; who are accused of orchestrating a $1.89 billion cryptocurrency Ponzi scheme where they falsely told investors they would receive substantial returns from operations that did not exist.

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'Bitcoin Rodney,' charged in a cryptocurrency scheme, seeks release pending trial - The Baltimore Banner

The crypto market is undergoing a sell-off, with the global market cap dipping 2.3% in 24 hours to $2.48 trillion. With prices down, now could be a good time for many new investors to step into the cryptocurrency market. The latest market dip could also present an opportunity to existing investors to buy more coins and reduce the average cost of each token that they hold.

Let us look at three crypto asset worst buying in this dip.

BTC:

BTC is the market leader and other assets usually follow its trajectory. BTCs price has stopped to around $65,500, falling by nearly 5% in the last 14 days.

Bitcoin (BTC) is a solid cryptocurrency to own and many analysts predict the asset to surge to new highs later this year. BTC is also among the best-performing assets of the last decade-and-a-half, outperforming major tech stocks as well.

Also Read: Cryptocurrency: Top 3 Coins That Can Bring Generational Wealth

BTCs performance over the last decade,and positive forecasts for its price make it a worthy asset to add to any investors portfolio.

Shiba Inu (SHIB):

SHIB is one of the most popular cryptocurrencies in the market. The asset has turned many early investors into multi-millionaires and, in some cases, even billionaires. The popular dog-themed cryptos incredible performance during the 2021 bull run has solidified its image as a millionaire-maker.

Also Read: Cryptocurrency: Top 3 Trending Altcoins To Keep An Eye On This June

SHIB has faced a drastic price drop in the last few days. Its price has fallen below the $0.00002 mark for the first time in nearly two months.

Pepe (PEPE):

Pepe (PEPE) is also among the best-performing cryptocurrencies of the past one year. The memecoin has reached multiple all-time high. The latest peak was achieved in mid-May.

The asset is undergoing a price decline over the last couple of days, but many believe that once the market improves, it will rise again.

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Cryptocurrency: Top 3 Coins To Buy During The Dip - Watcher Guru

COLORADO, USA - Media OutReach Newswire - 18 June 2024 - At a recent global cryptocurrency security forum, PTOUNX Exchange unveiled a significant security upgrade plan aimed at setting new standards for crypto trading security. This plan highlights PTOUNX's leadership in cryptocurrency trading security and its commitment to creating a more secure and trusted trading environment.

In the realm of digital currencies, security concerns are ever-present threats. PTOUNX Exchange acknowledges this and has implemented comprehensive security measures, from its underlying architecture to user processes. PTOUNX uses cutting-edge encryption technology for secure data transmission and encrypted asset storage. Additionally, multi-signature and cold storage technologies have been introduced to minimize the risk of external attacks and internal threats.

Beyond technical safeguards, PTOUNX places a strong emphasis on compliance. As global cryptocurrency trading faces stricter regulations, PTOUNX cooperates closely with major financial regulatory bodies to ensure its operations comply with local laws. This rigorous compliance management provides users with a transparent and reliable trading platform, allowing for secure and lawful trading.

PTOUNX Exchange's security revolution benefits not only its own platform but also the broader crypto trading ecosystem. Security incidents can have significant negative impacts on the market, causing fluctuations and damaging the reputation of cryptocurrencies. By implementing high-standard security measures, PTOUNX protects user assets and supports the stability and growth of the cryptocurrency market.

Through leading security technology and stringent compliance strategies, PTOUNX has bolstered market participants' confidence in crypto trading. This increased confidence is vital for the healthy development of the cryptocurrency market. When users trust the security of their trades, they are more likely to participate, enhancing market liquidity and activity. Moreover, PTOUNX's robust security measures attract institutional investors, who generally have higher security standards.

PTOUNX Exchange's efforts in security and compliance not only set new industry standards but also inject new vitality and confidence into the cryptocurrency market. The PTOUNX team's commitment to continuous innovation and improvement ensures a safer, more transparent, and reliable trading environment for all participants.

The actions of PTOUNX Exchange demonstrate the social responsibility of cryptocurrency trading platforms and the importance of security and compliance in fostering the healthy development of the cryptocurrency market. With the participation of more users and institutional investors, the cryptocurrency market, led by PTOUNX Exchange, is poised for a brighter and more stable future.

Hashtag: #PTOUNXExchange

The issuer is solely responsible for the content of this announcement.

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The Security Revolution of PTOUNX Exchange: Redefining Trust in Cryptocurrency Trading #PTOUNXExchange - Media OutReach

Key Takeaways

Ripple CEO Brad Garlinghouses recent remarks about the US Presidential Election have sparked significant debate.

He noted an expected surge in pro-crypto funding soon, and his comments have heightened discussions on how cryptocurrency advocacy might impact US politics.

In a recent X post, Brad Garlinghouse, a prominent crypto and blockchain technology advocate, emphasized that political candidates will increasingly align with pro-crypto positions to secure votes.

He mentioned that candidates stand to gain votes by supporting crypto and risk losing them by opposing it, highlighting that advocating for clear regulations in one of the USs fastest-growing industries has no downside.

The influence of cryptocurrency on US politics is becoming more pronounced. Erin Griffith, a journalist based in New York, discussed this trend in a recent article, highlighting how cryptocurrency funding is reshaping electoral dynamics.

In a post on X, she pointed out that while $150 million may not seem substantial in the crypto industry, it represents a significant amount in the political arena. This highlights the substantial impact that even modest contributions from the crypto sector can have on political campaigns.

Additionally, Garlinghouses support for cryptocurrency is well-documented, especially considering the companys ongoing legal disputes with the US Securities and Exchange Commission (SEC). Ripple has consistently pushed for clearer regulatory guidelines, arguing that the current regulations hinder innovation and growth in the digital asset field.

This advocacy is increasingly extending into the political arena, where pro-crypto funding is set to play a crucial role in shaping policy and regulatory frameworks.

Garlinghouse suggested that candidates who support digital assets and advocate for clear crypto regulations are likely to receive significant backing from the crypto community. Conversely, those who oppose or aim to over-regulate the industry could face considerable opposition, which might negatively affect their chances in elections.

However, recently he expressed skepticism about significant crypto legislation being passed in the US before the presidential election in November. Despite noting a softening stance on crypto from the Biden Administration, Garlinghouse believes that substantial regulatory developments are unlikely to occur before 2025.

With the global cryptocurrency market valued at approximately $2.5 trillion, the emergence of the Trump Coin also highlights the increasing role of digital currencies in crafting political strategies and potentially influencing voter sentiment in forthcoming elections.

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Brad Garlinghouse on Cryptocurrency's Impact on US Elections: Candidates Will Only Gain Votes For Being Pro-Crypto - CCN.com

Disclaimer: This article is sponsored content and should not be considered as financial or investment advice. Always do your own research before making any financial decisions. The opinions expressed in this article are those of the author and do not necessarily reflect the views of CryptoGlobe.

Digital casino operators have navigated the new rise of digital innovations with impressive adaptability. It wasnt long ago that those in traditional, land-based casinos would shrug off the idea that digital casinos could ever take on their near-century-long dominance in the gambling sector.

However, turn the dial forward just a few decades after the first online casino, and its now the primary way people play their casino games all over the world. Following the initial boom, there was a growing demand for smartphone and mobile app gaming, and digital casino websites could still retain large sections of the market.

As the scope for innovation from a gaming perspective narrowed somewhat, given that platforms can only host a finite number of traditional casino games online, innovative designers took a step back. They explored what other sections of the casino industry had untapped potential. While this approach initially covered e-wallets or other mobile payment options, the focus has switched significantly over the last decade to cryptocurrency casinos.

For those unfamiliar with how a cryptocurrency casino operates, its mostly the same as a flat currency provider but with secure and modern cryptocurrency payment methods. Traditional casino games like blackjack are easy to find at crypto casinos. Once you have deposited the digital asset youd like to use for your wager, the game follows the same rules as blackjack would in any other type of casino.

As blackjack online continues to adapt to a world that is becoming increasingly transfixed on the potential of blockchain technology and the real use cases that cryptocurrency can offer people who might not be experts about how the mechanics of the blockchain actually work, they just need to see in real-time how connecting their wallet and depositing their crypto can offer a smoother payment system than traditional casinos that rely on centralized financial institutions.

While there is a growing respect and more transparent lines of communication between traditional finance and new, emerging multi-billion dollar cryptocurrency platforms the real test for many is how they can use their cryptocurrency in a day-to-day environment. While this is undoubtedly set to change over the next decade, as blockchain begins to permeate other areas of society and finance, the truth remains that crypto casinos are one of the clearest uses for the technology for the layman.

Once someone has set up a cryptocurrency wallet and deposited their funds, the only thing left to do is to connect it to their chosen crypto casino provider. Each deposit and transaction has its own publicly viewable transaction hash on the blockchain, so if they experience any problems, they have verified details you can take to the provider immediately.

Cryptocurrency casinos also aim to have lower fees than traditional operators, allowing you an additional layer of security. If, in the rare instance, a traditional casino is subject to a cyberattack, hackers will target personal details and financial information stored on the platforms database or server. Crypto casinos, on the other hand, do not hold any of this information.

All they have is your wallet address, which is publicly accessible anyway. People value the extra level of anonymity.

Although many of the factors we touched on in our previous section are some of the most common reasons bettors decide to switch to crypto casinos, several external factors within the industry have helped drive the popularity of casino platforms such as the SEC approving the BlackRock ETF in the US.

The renewed interest in Bitcoin and the broader cryptocurrency market that emerged in the early part of 2024 has been a result of positive ETF news and the emergence of multi-billion dollar institutions now considering Bitcoin a version of digital gold.

Anything that causes positive price action in the underlying cryptocurrencies that casinos use, whether its Bitcoin, Ethereum, or Litecoin, will eventually trickle down and result in people checking out websites and applications where they can put their assets into real use, so the knock-on effect is likely to be a positive one for crypto casinos.

Blockchain technology is a disruptive innovation that is changing how many companies operate and causing more casino companies to pay attention. Not only are crypto-only casinos part of this seismic shift, but traditional casinos are also exploring the options of introducing blockchain and digital asset gaming on their platforms.

Ultimately, as is the case with any growing technology, anything that can highlight a new way of doing things and arguably more convenient and cost-effective will intrigue people. The growing numbers of people seeking out crypto casinos are the proof and it will be fascinating to see how big they get and what adoption continues to look like in the coming years.

Featured image via Pixabay.

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Dissecting The Rise Of Cryptocurrency Casinos | Cryptoglobe - CryptoGlobe