OneCoin scandal sees Konstantin Ignatov released, expresses remorse for $4.4b fraud

Konstantin Ignatov has been released after serving 34 months in prison for his involvement in the OneCoin cryptocurrency scam, a scheme that fraudulently claimed $4.4 billion from investors. His release was granted by Judge Edgardo Ramos on March 5, applying a “time served” verdict, indicating that Ignatov’s pre-sentencing time in custody was considered sufficient punishment….

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Ethereum price beats crypto market bloodbath nearly a week away from Dencun upgrade

On Wednesday, Ethereum’s price experienced a notable 5% rally, defying the broader cryptocurrency market correction triggered by Bitcoin’s decline. This positive momentum coincides with the upcoming Dencun upgrade scheduled for March 13, anticipated to bring about a reduction in transaction costs for Layer 2 chains. Staked Ethereum has surged to $118 billion, as holders position…

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Why Bitcoin Just Hit Its All-Time High

Bitcoin has staged a remarkable comeback, reaching a historic high of $68,900 on March 5, marking a significant milestone in its 15-year history. This resurgence follows a turbulent period in the cryptocurrency industry, which witnessed a widespread meltdown less than two years ago, resulting in substantial financial losses and legal repercussions for industry leaders such…

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Bitcoin Will Tumble After Launch of Digital Ruble, Says Russian Economist

A Russian economist, Alexander Razuvaev, who is a member of the supervisory board of the Guild of Financial Analysts and Risk Managers, predicts a decline in Bitcoin following the introduction of the digital ruble and other major Central Bank Digital Currencies (CBDCs). Razuvaev acknowledges that the cryptocurrency market is currently experiencing significant overheating due to…

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Crypto Prices Today March 7th: Bitcoin Nears $66K, Ethereum Closer To $3800 As SOL, XRP, PEPE Gain

Today, the cryptocurrency market experienced positive momentum, with Bitcoin (BTC) approaching the $66,000 mark and various altcoins showing significant gains. Ethereum (ETH) also made progress, nearing the $3,800 level. Notably, Solana (SOL), XRP, and Cardano (ADA) observed substantial increases in their respective prices. Key Highlights of Major Cryptocurrency Prices: Bitcoin (BTC): Ethereum (ETH): Binance Coin…

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Crypto Lender Nexo Seeking $3B in Damages From Bulgaria

Cryptocurrency lender Nexo has taken legal action against the Republic of Bulgaria, filing an arbitration claim seeking $3 billion in damages. The accusation revolves around what Nexo describes as “wrongful and politically motivated actions,” specifically citing “unjustified and oppressive criminal investigations.” The Bulgarian Prosecutor’s Office had concluded its investigation into Nexo for alleged money laundering…

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