Crypto Mountains

2023-12-05 18:00:28 Spanish Man Wanted by FBI for North Korean Crypto Scheme Arrested

A Spanish fugitive wanted by the FBI for his role in providing blockchain services to North Korea has been arrested, according to a statement from the National Police of Spain.

Spanish police alleged Alejandro Cao de Benós, founder of the Korean Friendship Association, has been hiding out in Catalonia and potentially using fake documentation as he had been designated an international flight risk. He was detained upon arrival in Madrid following a journey by train from Barcelona, according to a press release from the Spanish National Police dated December 1st, 2023.

According to the FBI, Cao de Benós organized the “Pyongyang Blockchain and Cryptocurrency Conference” alongside co-conspirator Christopher Emms for North Korea’s benefit in 2018. The following year, Cao de Benós recruited cryptocurrency expert Virgil Griffith “to illegally provide cryptocurrency and blockchain technology services” to North Korea.

The U.S. Department of Justice claims both Emms and Cao de Benós taught top North Korean officials how they “could use blockchain and cryptocurrency technology to launder money and evade sanctions” as part of the Pyongyang Blockchain and Cryptocurrency Conference. Moreover, the duo proposed specialized “smart contracts” tailored to North Korea’s “unique interests” and “mapped out cryptocurrency transactions designed to evade and avoid U.S. sanctions,” the Justice Department stated.

Griffith, who previously worked as a developer for Ethereum, was arrested in November 2019 and pleaded guilty to violating the International Economic Powers Act by helping North Korea evade sanctions in April 2022. He was sentenced to serve 63 months in prison followed by three years of supervised release. As part of his plea agreement, Griffith must also pay $100,000. Open / Comment

2023-12-02 18:00:01 Crypto Loans Platform Nexo Integrates Koinly to Ease User Tax Obligations

Nexo, a lending platform that provides instant crypto loans, has partnered with Koinly to simplify user’s tax reporting.

Effective November 30, 2023, the collaboration enables Nexo users to easily generate tailored crypto tax reports. A company statement said that the partnership will streamline the crypto tax reporting and preparation of financial statements.

Further, Koinly allows Nexo users to cater to their specific transaction histories and tax obligations through the Nexo app. Nexo clients can also access custom country-wise tax reports for over 100 jurisdictions.

“Our partnership with Koinly reflects our dedication to providing holistic financial solutions and empowering our clients to make informed financial decisions,” said Antoni Trenchev, co-founder and Managing Partner of Nexo.

Additionally, the company noted that the service automates accurate tax reports, simplifying tax complications and reducing human error. Nexo users can avail the service for free up to 800 transactions annually. For users exceeding this transaction volume, a 30% discount is offered on Koinly.

The news comes months after Nexo launched a crypto-powered debit and credit MasterCard for users in the European Economic Area. Dubbed the Nexo “Dual Mode Crypto” Card offers a variety of features including the ability to optimize tax responsibilities. Open / Comment

2023-12-01 19:00:10 Can't get past these guys again, the world of M20!

They have their own blockchain, $MCOIN token, metaverse, NFT marketplace, exchange and even a trading academy!

What’s better than a Layer 2 built on EVM, with multichain configuration and endless possibilities? It’s blazing fast with low-cost transactions.

Next year is going to be lit with their ILO coming before Bitcoin's halving! And M20 Chain isn't just a project, it's connecting people with Web3, delivering an unparalleled experience.

Finally, $MCOIN is fueling the ecosystem that's breaking down Web3 barriers and is available for trading on top tier exchanges: MEXC Global, LBANK, Coinstore, BitForex and others.

• Stay tuned for updates – they’re on the brink of something extraordinary: @m20chainannouncements

• Join the hype now, be part of M20 Chain's journey: @m20groupchat Open / Comment

2023-11-29 18:00:48 Cristiano Ronaldo, MLB, and Mercedes F1 Hit with Litigation Relating to Binance

Four recent class action lawsuits were filed against high-profile organizations and individuals for promoting the crypto exchanges, according to court documents filed in Miami on Monday.

Cristiano Ronaldo, Major League Baseball, F1, and Mercedes-Benz and global advertising agency, Dentsu, are among the defendants listed.

The litigations come less than a month after FTX founder, Sam Bankman-Fried, was found guilty on seven different fraud-related charges in Manhattan federal court and less than a week after Binance founder, Changpeng “CZ” Zhao pleaded guilty to violating numerous federal statutes, including the Bank Secrecy Act.

Three of the lawsuits involve numerous organizations accused of “aiding and abetting and/or actively participating in the massive, multi-billion dollar fraud” committed by FTX through advertising the company as a safe and reputable exchange. The remaining lawsuit alleges Ronaldo, who partnered with Binance, “engaged in mass solicitation of investments in unregistered securities on behalf of Binance.” Open / Comment

2023-11-28 20:00:07 New Project Digest: M20 Chain & MCOIN

Guess what we stumbled upon in the vast crypto landscape? Something special called M20 Chain, and we're genuinely buzzing about it!

What's the M20 Chain Vibe?
It's not just a blockchain; it's a whole Web3 playground, and at its heart is the native coin MCOIN. Imagine seamlessly blending the traditional world with the blockchain universe – that's M20 in a nutshell!

Top Perks:

Early Bird Catcher: Ride the potential wave from the get-go.
Fast and Affordable Swaps: Quick, painless transactions.
Metaverse Sneak Peek: Initial Land Offering in the metaverse before the Bitcoin halving!

Check out announcements at @m20chainannouncements and join the community at @m20groupchat Open / Comment

2023-11-28 17:02:00 AI News is already in action!

The new analytical service from 1ex Trading Board has introduced a unique neural analytical platform that analyzes the market's condition based on 16+ parameters:

❐ Movement of limit orders in exchange order books
❐ Trader activity (selling or buying)
❐ News background in the media (more than 20 media sources, including CoinTelegraph, CoinDesk, TheBlock, and many others)
❐ Technical analysis of coins
❐ Price cycles
❐ And much more

As a result, you get more accurate and understandable forecasts for entering and exiting trades, which means not only protecting your money from losses but also having the potential to earn even more!

Who exactly will benefit from the service:

❐ Scalpers
❐ Day traders
❐ Journalists and analysts
❐ Anyone who wants to understand the crypto market

And now, the super news! Every registered user will receive up to 3 months of free use of Aİ News. Plus, the opportunity to join the rapidly growing community, gain access to other cool products from 1ex Trading Board, and be the first to learn about upcoming listings! Follow the link and register right now!

More information on the website. Open / Comment

2023-11-26 18:01:01 Tokenization of Investment Funds Now Permitted in the UK

UK investment funds have received the green light for tokenization, marking a strategic move to harness blockchain technology within the asset management sector. This approval was disclosed in a press release by The Investment Association, a renowned trade body in the industry, on November 24.

The nod for tokenization stems from the re-establishment of the new Technology Working Group of Government’s Assets Management Taskforce on April 25, 2023. The innovation was launched to harness the potential of technologies for liquidity growth in the UK’s asset management industry.

According to The Investment Association, the tokenization of funds will facilitate more cost-effective and transparent trading of assets, enabling investors to seamlessly access a broader range of assets.

To achieve this, the Working Group has collaborated closely with the UK Treasury and the Financial Conduct Authority (FCA) to publish a roadmap for adopting distributed ledger technology (DLT) through fund tokenization.

This roadmap is detailed in the report titled ‘UK Fund Tokenisation – A Blueprint for Implementation, outlining a 30-page comprehensive baseline model to integrate tokenization to work within existing legal and regulatory framework. Open / Comment

2023-11-23 20:30:59 Breaking news for automotive fans and crypto pioneers!

EDrive Token has launched its IDO on GemPad starting today, November 23rd.

What is EDrive Token?

EDrive Token is bringing together two trailblazing industries - blockchain technology and the automotive world. Its vision is to revolutionize how we interact with vehicles.

Tokenize Your Passion

Get fractional ownership of rare supercars and classic cars that were previously accessible only to the ultra-rich.

Create a transparent, decentralized record of any vehicle's history and provenance.

Drive Towards A Sustainable Future

Participate in our Drive2Save model that rewards EV drivers for sustainable transport with free charging, discounts, and more!

Support environmental NGOs by seamlessly donating to them.

Track all your EV subscriptions in one place.

Don't miss out on being part of a pioneering project aiming to transform the automotive industry using the power of blockchain and an engaged community.

Follow EDrive Token's journey closer on Twitter and Telegram.

The IDO on GemPad is your chance to hop in early! Let's drive into the future together! Open / Comment

2023-11-23 20:01:14 Blockchain Association Releases 2023 Annual Report

Founded in 2018, the Blockchain Association is a crypto advocacy group spearheaded by CEO Kristin Smith. According to their website, the organization’s goal is to advance “a future-forward, pro-innovation national policy and regulatory framework for the crypto economy.”

In particular, the report details the Blockchain Association’s launch of 14 “issue-based and sector-specific working groups” covering significant conversations happening across Web3.

Moreover, the advocacy group engaged in 175 House and Senate meetings and joined nearly 30 calls with White House officials.

“Besides legislative efforts in Congress, our team has filed many comment letters with regulatory agencies to ensure the rulemaking process is fair, narrowly tailored, and does not negatively impact digital asset innovation in the U.S.,” said the Blockchain Association’s Senior Counsel, Marisa Copel and Senior Policy Director, Sarah Milby.

“The trials of 2023 have only reaffirmed our commitment to our mission, and as we look to the future, we do so with optimism, resilience, and a drive to further our shared vision,” stated Dan Spuller, Senior Director of Industry Affairs for the Blockchain Association. Open / Comment

2023-11-23 18:00:12 Elevate your trading journey to new heights!

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