• Bulgarian national Irina Dilkinska has been charged with fraud and money laundering related to the notorious crypto pyramid scheme Onecoin.
• Dilkinska was the head of legal and compliance at Onecoin, accused of enabling the company to launder millions of U.S. dollars through shell firms.
• The founder of Onecoin, Ruja Ignatova, is still wanted by Interpol, Europol and FBI with a possibility that she might have been murdered in 2018.

Charges against Former Onecoin Executive

Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska may face up to four decades in prison if found guilty on counts of fraud and money laundering.

Extradition from Bulgaria

Judicial and law enforcement officials in the U.S. have pressed charges against a 41-year-old woman in connection with her participation in Onecoin, one of the largest scams in crypto history. Irina Dilkinska was extradited from Bulgaria, where the massive crypto Ponzi scheme was based. Established in 2014, Onecoin offered investors a fake cryptocurrency by the same name, branded as ‚the Bitcoin killer‘ at a point, through a global multi-level-marketing network according to its own materials.

OneCoin’s Alleged Money Laundering

Dilkinska was accused of enabling Onecoin to launder millions of U.S. dollars through shell firms as allegedly stated by authorities and companies created by her were also used to hold property on behalf of founder Ruja Ignatova –a Bulgarian-born German citizen– who disappeared less than two weeks after she was charged with fraud and money laundering in 2017 U.S District Court for Southern District Of New York .

Charges Against Dilkinska

Dilkinska has been charged with one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering which each carry maximum potential sentence of 20 years imprisonment; she is also accused burning documents related to this case before leaving Bulgaria for US last December 2020 when an arrest warrant was issued against her .

Wanted Cryptoqueen

The mastermind behind this scam dubbed ‘the missing Cryptoqueen’ is still wanted by Interpol , Europol ,and FBI ; while recent media reports suggest that she might have been murdered back 2018 .

• Egyptian police have arrested 29 individuals associated with the Hoggpool cryptocurrency mining app scam.
• 95 mobile phones, 3,367 SIM cards and currency valued at $194,000 were seized during the arrests.
• It is believed that up to 800,000 people may have fallen victim to the scam.

Arrests Made by Egyptian Police

The Egyptian police recently arrested 29 individuals thought to be the masterminds of a cryptocurrency mining app scam known as Hoggpool. During the arrests, 95 mobile phones and 3,367 SIM cards were seized in addition to domestic and foreign currency worth $194,000.

Victims of The Scam

It is believed that as many as 800,000 people may have been victimized by the scam according to a lawyer representing over 1,000 victims from Cairo alone. The masterminds behind this scheme used 88 digital wallets in order to receive funds from investors before redistributing it across 9,965 wallets and converting it into BTC before taking it out of Egypt.

Promises of High Returns

The alleged scammers were able to lure victims by promising them an unrealistic high return on investment despite trading or using cryptocurrency being prohibited in Egypt. For instance they offered investors an option where they would pay $10 initially with a daily payout of $1 or one where they pay $800 for a mining machine that pays out $55 per day.

Forged Documents Used

In order to further entice potential investors into investing in their scheme, these criminals also resorted to using forged documents such as certificates supposedly issued by the Office of Secretary State of Colorado which stated that Hoggpool was in good standing with them when it was not true at all.

Investigation Continues

Despite making these arrests and seizing items related to their crimes, investigations are still ongoing in order for authorities to assess how much money has been lost due investors falling prey to this fraudulent scheme.

Overview

• This press release is about CoinEx, a global crypto exchange, launching Strategic Trading.
• The feature provides Auto-Invest Plan that helps investors set out sound investment plans and stay ahead.
• It offers versatile trading strategies to meet different user needs with “lazy” or “foolproof” operations.

What is Trading Strategy?

In traditional financial markets, a trading strategy refers to a comprehensive plan covering all trading activities and guiding investors to execute their target trades. In the world of crypto, it refers to predetermined plan or trading behavior designed to help traders profit from buying or selling cryptos in both long and short markets. With an effective trading strategy, users can take prompt countermeasures during extreme market conditions and minimize losses. A mature and well-designed trading strategy enables users to take advantage of market swings, make easy investments, and maximize profits or minimize losses. Generally speaking, it may cover target cryptocurrency/ project selection; use of professional platforms such as crypto exchanges and market monitoring platforms; mastery of crypto tools and indexes; setting up trading time & stop-loss conditions; minimizing the influence of emotional decisions.

Requirements for Beginner Investors/ Retail Users

For beginner investors or retail users, investing in crypto should be easily accessible preferably with „lazy“ or „foolproof“ operations without complex parameters or programming/trading scripts needed. Additionally, the platform should offer versatile strategies meeting various user needs: conservative investments for stocking up coins while minimizing risks & costs versus seizing volatile market trends for quant trading etc.

CoinEx’s Strategic Trading Launch

In February 2023 CoinEx launched Strategic Trading segment featuring Auto-Invest Plan that meets these requirements by helping users set out sound investment plans & stay ahead by mitigating potential risks with easy access & wide range of versatile strategies for all sorts of scenarios & corresponding measures for maximizing profits & minimizing losses.

Conclusion
A comprehensive and well-designed trading strategy is crucial for investors as it helps them take advantage of market swings while making easy investments aiming at maximum profits & minimum losses which was met by CoinEx launching Strategic Trading segment featuring Auto-Invest Plan that meets these requirements with easy access & wide range of versatile strategies available for all types of scenarios.

• Crypto market slides as total value locked in defi falls below $50 billion mark
• Smart contract token economy and value locked in defi dip
• Ethereum has the largest TVL out of all blockchains

Crypto Market Slides

The crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 billion, with a decrease of 2.24% over the last 24 hours. The smart contract token economy is valued at $326.11 billion, but lost 3.7% against the U.S dollar during this same period.

Ethereum Dominates Defi

Ethereum currently dominates the TVL in defi by 58.45%. Other blockchains such as Tron, Binance Smart Chain (BSC), Arbitrum, and Polygon make up 10.64%, 10.01%, 3.89%, and 2.36% respectively, totaling 85.35%. Lido liquid staking protocol holds 18.03% of this amount with a current value of around $8.75 billion, increasing 8.43% over the past month alone. Uniswap had the second largest 30-day increase with 6

• Prosecutors in a financial fraud case against former FTX CEO Sam Bankman-Fried are attempting to persuade the judge to restrict his use of electronic devices.
• It has been revealed that SBF used a virtual private network (VPN) to watch the Super Bowl through a foreign subscription service he had purchased before his arrest.
• Prosecutors are skeptical and argue that VPNs are commonly used to access international crypto exchanges that are blocked in the United States.

Prosecutors Seek Restrictions on Former FTX CEO’s Electronic Devices

Prosecutors in the financial fraud case against former FTX CEO Sam Bankman-Fried (SBF) are attempting to persuade the judge to restrict his use of electronic devices.

Revelations of VPN Use

It has been revealed that SBF used a virtual private network (VPN) to watch the Super Bowl through a foreign subscription service he had purchased before his arrest.

Government Skepticism Over VPN Use

Prosecutors, however, are skeptical and argue that VPNs are commonly used to access international crypto exchanges that are blocked in the United States. They have raised concerns over SBF’s use of a VPN and argued that some individuals use them „to conceal the fact that they are accessing international cryptocurrency exchanges.“

Defense Team Argues VPN Use Was for Harmless Purposes

The defense team, however, argues that SBF only used it for harmless purposes—namely watching football games via an NFL Game Pass international subscription he had previously purchased when living abroad. Judge Lewis Kaplan is considering whether or not to change SBF’s bail conditions as prosecutors have complained about his use of a VPN.

Judge Considers Restricting Electronic Device Use

The court has already prohibited SBF from using end-to-end encrypted messaging services like Signal, and Everdell and Cohen have stated that SBF will not be using a VPN until Judge Kaplan makes a decision regarding restrictions on electronic device usage.

• Coin Cloud, one of the largest crypto ATM operators, filed for Chapter 11 bankruptcy this week.
• The company’s largest creditor is Genesis Global Trading, whose parent company recently filed for bankruptcy.
• Coin Cloud’s estimated assets range between $50 million and $100 million while its total liabilities fall between $100 million and $500 million.

Coin Cloud Files for Bankruptcy

One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global Trading, whose parent company also recently filed for bankruptcy in the U.S. Cash Cloud Inc., a digital asset ATM operator doing business as Coin Cloud, voluntarily filed for Chapter 11 bankruptcy on Tuesday. In its filing with the U.S. bankruptcy court for the District of Nevada, Coin Cloud declared an estimated number of creditors of between 5,000 and 10,000.

Estimated Assets & Liabilities

In addition, the company estimated that its total assets range between $50 million and $100 million while its total liabilities fall between $100 million and $500 million. Crypto lender Genesis Global Trading Inc. is listed as Coin Cloud’s largest unsecured creditor, with a total claim of $116,353

• Binance and Mastercard have partnered to launch a prepaid crypto-linked card in Brazil as part of Binance’s expansion plans in Latam.
• The Binance card features 8% cashback for eligible purchases and supports on-the-fly conversion of 13 cryptocurrencies to make payments to local merchants.
• This move is part of the efforts that the exchange is making to expand its footprint in Latam and encourage wider crypto use and global adoption.

Binance & Mastercard Launch Crypto Prepaid Card

Binance, a leading cryptocurrency exchange by volume traded, has announced the launch of its Binance card in Brazil, a product that will allow crypto users to make payments in crypto to legacy merchants. Backed by Mastercard, this prepaid crypto-linked card will enable registered customers of the exchange from all over Brazil to make crypto payments with 13 supported cryptocurrencies, including on-the-fly conversions to the Brazilian real.

Features of the Card

The Binance card features 8% cashback for eligible purchases and supports on-the-fly conversion of 13 cryptocurrencies to make payments to local merchants. Payments made with fiat currency using the prepaid card will be fee-free; however, payments involving crypto-to-fiat conversions will have a 0.9% fee.

Expansion Plans in Latam

This move is part of the efforts that the exchange is making to expand its footprint in Latam and encourage wider crypto use and global adoption. The release of this product comes as no surprise as Matthew Shroder, global vice president and regional director at Binance had stated in September that Brazil was one of the top upcoming markets for launching a prepaid card in Latam.

Encouraging Wider Crypto Use

For Binance, there is room for crypto to keep growing in the payments area – being Brazil one of the biggest payment hubs on the continent – thus their interest for bringing these services into country clear. According Guilherme Nazar (general manager at BInance for Brazil): „Payments is one of the first and most obvious use cases for crypto yet adoption has lot room grow“. He believes that „The BInance Card is significant step encouraging wider crypto use and global adoption“ due openess Brazilian people innovation which makes country great market this release“.

Conclusion

Backed by Mastercard, this new product launched by BInance promises revolutionize way people pay Latin America allowing them access wide range cryptocurrencies enabling them pay legacy merchants hassle free while also offering important benefits like 8% cashback eligible purchases which sure attract customers towards it.

Les technologies modernes ont ouvert la voie à de nouvelles méthodes de paiement en ligne. Les cryptomonnaies et les paiements en ligne sont deux des plus récentes options disponibles aux consommateurs pour effectuer des paiements. Bien que similaires, ces deux méthodes de paiement présentent des avantages et des inconvénients différents. Dans cet article, nous explorerons les différences entre les cryptomonnaies et les paiements en ligne et discuterons des avantages et des risques associés à chacune.

Qu’est-ce qu’une Cryptomonnaie?

Une cryptomonnaie est une devise virtuelle qui peut être utilisée pour effectuer des transactions en ligne. Les cryptomonnaies sont généralement décentralisées, ce qui signifie qu’elles ne sont pas contrôlées par une banque ou un gouvernement. Les cryptomonnaies sont généralement stockées dans un portefeuille numérique, qui peut être protégé par une clé privée. La plus connue des cryptomonnaies est le Bitcoin.

Comment Utiliser les Paiments en Ligne?

Pour utiliser les paiements en ligne, vous devez tout d’abord vous inscrire à un compte avec un fournisseur de paiements en ligne tel que Crypto Bull. Une fois votre compte créé, vous pouvez ajouter des informations de carte de crédit ou de débit et commencer à effectuer des paiements en ligne. Vous pouvez également utiliser des virements bancaires et des transferts d’argent pour effectuer des paiements en ligne.

Qu’est-ce qu’un Paiement en Ligne?

Un paiement en ligne est une méthode de paiement qui peut être effectuée via un site Web ou une application. Les principaux fournisseurs de paiements en ligne sont PayPal, Apple Pay, Google Pay et Amazon Pay. Les paiements en ligne sont généralement effectués par carte de crédit ou de débit, mais certaines entreprises acceptent également les virements bancaires et les transferts d’argent.

Avantages des Cryptomonnaies

Les cryptomonnaies offrent aux consommateurs plusieurs avantages. Premièrement, les cryptomonnaies sont généralement exemptes de taxes et de frais de transaction. Deuxièmement, les cryptomonnaies sont très sécurisées et protégées par des systèmes de cryptage de haut niveau. Troisièmement, les paiements en cryptomonnaie sont généralement effectués en temps réel, ce qui permet aux consommateurs d’effectuer des paiements plus rapides.

Avantages des Paiments en Ligne

Les paiements en ligne offrent aux consommateurs plusieurs avantages. Premièrement, les paiements en ligne sont très pratiques car ils peuvent être effectués à partir de n’importe où, à tout moment. Deuxièmement, les paiements en ligne sont sécurisés car ils utilisent des technologies de cryptage avancées pour protéger les données des consommateurs. Troisièmement, les paiements en ligne sont généralement effectués en quelques minutes, ce qui permet aux consommateurs de finaliser leurs achats plus rapidement.

Comment Utiliser les Cryptomonnaies?

Pour utiliser les cryptomonnaies, vous devez tout d’abord avoir un portefeuille numérique. Une fois que vous avez un portefeuille, vous pouvez acheter des cryptomonnaies en utilisant des cartes de crédit, des virements bancaires ou des transferts d’argent. Vous pouvez ensuite envoyer des cryptomonnaies à un autre portefeuille ou les utiliser pour effectuer des paiements en ligne.

Cryptomonnaies et Paiments en Ligne: Comparaison

Bien que les cryptomonnaies et les paiements en ligne partagent certaines similitudes, il existe des différences importantes entre les deux méthodes de paiement. La principale différence est que les cryptomonnaies sont décentralisées et ne sont pas contrôlées par une banque ou un gouvernement, alors que les paiements en ligne sont généralement effectués par une entreprise tierce qui contrôle les fonds et les transactions.

Risques des Cryptomonnaies

Bien que les cryptomonnaies offrent des avantages considérables, il existe également des risques associés à l’utilisation des cryptomonnaies. Les principaux risques associés aux cryptomonnaies sont le vol et la fraude. Les cryptomonnaies sont généralement stockées dans un portefeuille numérique, qui peut être volé si vous ne prenez pas les mesures de sécurité appropriées. De plus, les cryptomonnaies sont très volatiles et peuvent perdre ou gagner de la valeur rapidement.

Risques des Paiments en Ligne

Les paiements en ligne sont généralement considérés comme sûrs, mais il existe également des risques à prendre en compte. Les principaux risques associés aux paiements en ligne sont le vol et la fraude. Les informations de carte de crédit et de débit peuvent être volées si vous n’utilisez pas un fournisseur de paiement fiable. De plus, les arnaqueurs peuvent utiliser des sites de paiement frauduleux pour voler vos informations personnelles.

Conclusion

Les cryptomonnaies et les paiements en ligne sont des méthodes de paiement très populaires auprès des consommateurs. Bien que similaires, ces deux méthodes de paiement présentent des avantages et des inconvénients différents. Les cryptomonnaies sont généralement exemptes de taxes et de frais de transaction, tandis que les paiements en ligne sont très pratiques et peuvent être effectués en quelques minutes. Bien que les deux méthodes de paiement présentent des avantages, elles comportent également des risques. Il est important de comprendre les risques associés à chaque méthode de paiement et de faire des recherches avant de commencer à utiliser l’une ou l’autre.

Avec tous ces points à prendre en compte, il est important de choisir la méthode de paiement qui vous convient le mieux. Si vous recherchez une méthode de paiement sûre et fiable, les paiements en ligne offerts par Crypto Bull sont une excellente option. Les paiements en ligne sont sécurisés, pratiques et accessibles à des millions de consommateurs à travers le monde.

• The South African Office of the FAIS Ombud, an independent dispute resolution office, announced that complaints involving crypto-related grievances that occurred after October 19, 2022, can be submitted on their website.
• The Office of the FAIS Ombud stated that complaints that occurred before crypto assets were designated as financial products will not be considered.
• The dispute resolution agency has established a General Code of Conduct for authorized financial service providers, which requires material disclosures and recommending a product that is suitable to the individual’s needs and circumstances.

The South African Office of the FAIS Ombud, an independent dispute resolution office which investigates and resolves complaints in terms of the Financial Advisory and Intermediary Services (FAIS) Act, recently announced that it can now accept complaints involving crypto-related grievances that occurred after October 19, 2022. This follows the recent designation of crypto assets as financial products by the Financial Sector Conduct Authority.

The Office of the FAIS Ombud stated that complaints that occurred before crypto assets were designated as financial products will not be considered, and any such complaints lodged with the agency prior to the crypto asset designation will not be considered. The agency also clarified that it lacks jurisdiction to investigate complaints that occurred before crypto assets were designated as financial products.

The dispute resolution agency has also established a General Code of Conduct for authorized financial service providers, which requires material disclosures and recommending a product that is suitable to the individual’s needs and circumstances. The code also requires financial service providers to conduct a needs analysis and advise clients on the best product suited to their needs and circumstances.

In addition to these requirements, the Office of the FAIS Ombud also encourages individuals with crypto-related grievances to contact the Financial Sector Conduct Authority, which is responsible for the enforcement of the code of conduct and the investigation of any grievances not addressed by the Office of the FAIS Ombud.

The Office of the FAIS Ombud is the latest agency in South Africa to recognize the growing importance of crypto assets in the country’s financial services sector. This recognition is likely to further bolster the legitimacy of crypto assets and their associated services in the country and may lead to a further increase in their use and acceptance.

• South Korea’s Supreme Court has ordered Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who suffered financial losses due to the exchange’s service outage in November 2017.
• The court has ordered Bithumb to pay damages totaling 251.4 million won ($203,120) to 132 investors who filed a lawsuit against the exchange following the service outage.
• The appellate court ruled that the burden or cost of technological failures should be shouldered by the service operator, not the service users.

South Korea’s Supreme Court has made a final ruling in a case involving a service outage at Bithumb, the country’s largest cryptocurrency exchange. The court has ordered Bithumb to pay damages totaling 251.4 million won ($203,120) to 132 investors who filed a lawsuit against the exchange following the service outage.

The plaintiffs claimed that they suffered financial losses due to steep price drops in a number of cryptocurrencies, such as bitcoin cash (BCH) and ethereum classic (ETC), on Nov. 12, 2017, when the service outage occurred. According to the lawsuit, during the service interruption, the average number of orders per hour doubled, causing transaction flows to significantly slow down.

A district court initially ruled in favor of Bithumb against the investors. However, the decision was subsequently overturned by an appellate court, which ordered Bithumb to pay damages ranging from 8,000 won to 8 million won to each of the 132 investors. The supreme court upheld this ruling Thursday.

According to the appellate court, the burden or the cost of technological failures should be shouldered by the service operator, not service users who pay commission for the service. The ruling serves as a reminder to other exchanges that customer satisfaction and service quality are paramount and that service outages should be avoided at all costs.

The ruling is also expected to add further legitimacy to the cryptocurrency sector in South Korea, which has seen a surge in trading activity in recent months. With the country’s supreme court ruling in favour of the investors, it is likely that the sector will continue to expand as investors become more confident in the industry.