Month: April 2022

Interpol Apprehends CEO of Generation Zoe, an Alleged Cryptocurrency Scam in Argentina – Bitcoin News

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Interpol has managed to apprehend Leonardo Cositorto, the former CEO of Generation Zoe, one of the biggest alleged financial and crypto scam platforms in Argentina. Cositorto was reportedly arrested this week in the Dominican Republic, where he was in charge of a similar platform called Sunrise Coach. He will now be extradited to Argentina. Leonardo Cositorto Arrested in the Dominican Republic One of the most wanted men linked to the operation of Generation Zoe, one of the largest alleged pyramid schemes in Argentina, has at last been located.…

Litecoin price risks 20% drop as LTC whale activity spikes to monthly highs

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The daily transactions involving the richest Litecoin (LTC) addresses — “whales” that hold 10,000 to 1 million LTC — have jumped to their highest levels since December 2021. Litecoin selloff ahead? On-chain analytics platform Santiment detected a total of 3,458 LTC transactions, worth over $100,000, on April 5, calling it “an indicator of mid-term price direction shifts.” Meanwhile, Litecoin’s price continued its correction move on April 6, down 13% from recent highs of $135 on March 30. Litecoin daily whale transactions in 2022. Source: Santiment Whales are an influential cluster of investors…

EU’s attack on noncustodial wallets is part of a larger trend

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Last week, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties, Justice and Home Affairs (LIBE) voted in favor of a regulatory update that could compromise the exchange platforms’ ability to deal with noncustodial crypto wallets. Should the regulatory project make it to the legislation phase in the upcoming months, it would place severe disclosure requirements on transactions between noncustodial wallets and crypto exchanges in the European Union — a process whose signs are visible in other parts of the globe as well.…