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Man Accused of Stealing Over $9 Million Worth of Dash Indicted in Israel

An indictment has been filed against Afek Zard in Israel over the alleged theft of 74.990.74 Dash (over $9 million) from his roommate, local media News1 reports on April 18. According to CoinMarketCap data, the amount of coins stolen is equivalent to over 0.85% of the total circulating supply of Dash. News1 states that the reported victim, Alexei Yaromenko, was reportedly an early cryptocurrency investor who has accumulated crypto assets since 2013. Yarmolenko reportedly taught Zard about cryptocurrencies and trading them himself before the theft allegedly took place. Per the…

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Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week FinCEN Takes First Enforcement Action Against Peer-to-Peer Cryptocurrency Exchanger In an apparent first, the United States Financial Crimes Enforcement Network (FinCEN) has given a penalty to a California resident who has been accused of wilfully violating money transmission laws as a peer-to-peer virtual currency exchanger. The department noted that the move marks its first such enforcement action, thus setting a precedent. The defendant — Eric Powers of Kern County, California — has been fined $35,000 and debarred from future work that qualifies as a money services…

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Everything But Crypto, Or How the ‘Crypto’ Movie Does Not Live Up to Its Name

Edward Zuckerman is a journalist and an Emmy-winning television writer. The best news for crypto enthusiasts about the movie “Crypto” is that “Crypto” has very little to do with crypto. It is mainly concerned with Russian mafiosi, money laundering and a main character who plods through the heavy plot with the affect of a depressed zombie. Cryptocurrencies do make three appearances in the movie: 1. It is revealed that a major bank, because (one character explains) such banks are terrified of being made irrelevant by cryptocurrencies, is secretly buying crypto…

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Bitcoin Falls Under $5,300 Again as Top Altcoins See Losses

Sunday, April 21 — most of the top 20 cryptocurrencies are reporting slight to moderate losses on the day to press time. Bitcoin (BTC) has fallen below the $5,300 mark again, according to data from Coin360. Market visualization courtesy of Coin360 Bitcoin is down just under 1% on the day, trading at $5,291 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 3.7%. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier today, Fundstrat Global Advisors founder Tom Lee pointed out that…

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Japanese Cryptocurrency Exchange Zaif to Resume Activity Seven Months After Hack

Japanese cryptocurrency exchange Zaif announced that the transfer of the business from Tech Bureau to Fisco Digital Asset Group (FDAG) will become effective on April 22, and that normal activity will resume on the next day. Cointelegraph Japan reported on the developments on April 20. Bitcoin (BTC), bitcoin cash (BCH), and monacoin (MONA) were stolen from the exchange in a hack in September last year, resulting in total losses of cryptocurrencies worth 6.7 billion yen (around $59.8 million). With the acquisition, which is a part of the user compensation plan,…

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Top 5 Crypto Performers Overview: XTZ, BNB, BCH, ETH, XMR

Does the crypto market’s previous extended downtrend mean that it is now in an accumulation phase? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. An extended downtrend usually goes through an accumulation phase before starting a new uptrend. Digital assets fund Adamant Capital believes that the crypto markets are currently going…

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Craig Wright Continues to Chase His Critics as Major Crypto Platforms Boycott His Cryptocurrency, BSV

Bitcoin SV (BSV) — the altcoin that emerged during the bitcoin cash (BCH) hard fork last November and which took the moniker “Satoshi’s vision” — has been on the periphery of crypto news this week. BSV is famously backed by Craig Wright, an Australian entrepreneur, chief scientist at his startup called nChain and self-proclaimed Satoshi Nakamoto. After Binance, one of the world’s largest cryptocurrencies, decided to delist BSV amid Wright’s campaign to deanonymize one of his critics, other major platforms — including ShapeShift and Kraken — followed suit. As a…

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Analyst: Bitcoin (BTC) Likely to Drop Towards 4,600 Before Surging to 6,800

Bitcoin has been able to continue its slow upwards ascent and is now tepidly advancing towards $5,400, which has historically proven to be a strong level of resistance that BTC has failed to break decisively above since it first began surging earlier this month. Now, one prominent crypto analyst believes that Bitcoin’s fractal patterns may signal that it will drop towards $4,600 before incurring significant buying pressure that will send it surging up towards $6,800. Bitcoin (BTC) Slowly Approaches $5,400 At the time of writing Bitcoin is trading up less…

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Bitcoin Holds Over $5,300 as Top Altcoins See Mixed Signals

Saturday, April 20 — most of the top 20 cryptocurrencies are reporting slight gains and losses capped under 2% on the day to press time. Bitcoin (BTC) is hovering above the $5,300 mark. Market visualization courtesy of Coin360 Bitcoin is up about one percent on the day, trading at $5,342 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up a solid 5%. Bitcoin 7-day price chart. Source: CoinMarketCap Ether (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly…

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Thailand Is Opening Up to Crypto, One Step Closer to ICO and STO

Since July, Thailand and its Securities and Exchange Commission (SEC) have voiced their intent to legalize the local initial coin offering (ICO) market and open it to startups. On Dec. 1, 2018, however, Cointelegraph reported that the Thai SEC declared Thai-related security token offerings (STOs) in international markets to be illegal and said that it will take appropriate legal action against companies that attempt to distribute STOs created in Thailand to overseas markets. Tipsuda Thavaramara, the deputy secretary of the Thai SEC, reportedly said: “The regulator will have to consider…

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