Blockchain
Singaporean Man Pleads Guilty to Stealing $360,000 From Bitcoin Buyer
A suspect in a robbery case involving Bitcoin has pled guilty in a Singaporean court. The robbery in question is the latest incident in what has become a long list of crypto-related thefts. According to research by CipherTrace, hackers, thieves, and fraudsters had already stolen $1.4 billion worth of cryptocurrency in the first half of 2020. […]
The post Singaporean Man Pleads Guilty to Stealing $360,000 From Bitcoin Buyer appeared first on BeInCrypto.

A suspect in a robbery case involving Bitcoin has pled guilty in a Singaporean court. The robbery in question is the latest incident in what has become a long list of crypto-related thefts.
According to research by CipherTrace, hackers, thieves, and fraudsters had already stolen $1.4 billion worth of cryptocurrency in the first half of 2020.
In this case, Syed Mokhtar Syed Yusope is accused of participating in a fake bitcoin deal that cost the victim $360,000. On Wednesday, he pleaded guilty in a Singaporean district court to theft charges according to a report from local outlet The Straits Times.
Mokhtar, a native Singaporean, is accused of working with two accomplices, Jaromel Gee Ming Li and Mohd Abdul Rahman Mohamad, to rob Malaysian national Pang Joon Hau.


Posing as representatives of a Bitcoin broker, the trio conned Mr. Pang into believing that they would sell him Bitcoin for cash. It’s unclear why the victim opted to enlist the accused thieves’ services instead of going through established bitcoin exchanges.
In the end, Mokhtar and his co-conspirators are said to have assaulted the victim, making off with his backpack that was filled with $365,000, and leaving Pang without any of the promised Bitcoin.
Mokhtar was arrested by police the day after the incident and was found to still be holding $5,000 of the stolen money. Court documents did not say whether the authorities managed to recover the remaining cash from the trio. Mokhtar is now out on bail of $30,000 and will be sentenced on Friday.
According to the initial report, he could face up to 14 years in jail. The cases involving the other two Singaporeans are still pending.
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Source: https://beincrypto.com/singaporean-man-pleades-guilty-to-stealing-360000-from-bitcoin-buyer/
Blockchain
Southeast Asia’s first Bitcoin fund launches to meet local institutional demand


The Malaysia-based BCMG Genesis Bitcoin Fund-I, or BGBF-I, has officially launched, claiming to have become the first insured institutional crypto product available in the Southeast Asian region.
An announcement states the fund launched in response to a growing demand for institutional crypto products in Southeast Asia. The fund leverages an Artificial Intelligence (AI) powered blockchain-based platform provided by Calfin Global Crypto Exchang, which purports to offer increased security for customer holdings.
BGBF-I is regulated in Labuan, Malaysia, where IBH Investment Bank serves as the fund’s main advisor. Professional financial services provider, Hong Kong-based Alpha Calibration, will provide regulatory compliance services, and be audited by HLB Hodgson.
The investment vehicle also offers insurance coverage and underwriting for Public Offering Security Insurance.Fund Manager, Subbu Vempati explained:
“BGBF-I is a secure, insured and regulated platform where investors can get exposure to the Digital Assets industry. Investors get to benefit from our expertise in the financial, technical, and security aspects of Bitcoin investments, as well as enter this class with a peace of mind without any challenges or risk in directly handling the Digital Asset.”
According to its official website, the BGBF-I Fund projects a minimum return of 12% per year, while noting that BTC itself has gained 266.5% over the past 12 months.
All accredited Asian investors must go through mandatory Anti-Money Laundering (AML) and Know Your Customer (KYC) screenings to access the fund.
The Bitcoin fund is one of many that have been recently launched to address growing institutional appetites BTC and other digital assets. In mid-February, the first physically settled North American Bitcoin ETF was approved in Canada. Grayscale’s Bitcoin Trust also continues to grow, with its assets under management recently tagging $39.8 billion.
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Source: https://cointelegraph.com/news/southeast-asia-s-first-bitcoin-fund-launches-to-meet-local-institutional-demand
Blockchain
Former DC comic book artist fetches $1.85M auctioning Wonder Woman NFTs

José Delbo, an artist who illustrated the comic book series Wonder Woman during the late 1970s, has made $1.85 million in an auction selling non-fungible tokens, or NFTs, depicting the popular heroine.
The 87-year-old Argentian, who also worked on Batman, Transformers, and The Beatles‘ Yellow Submarine comic book, collaborated with Milan-based crypto art duo Hackatao to produce the NFT drop, dubbed “Heroines.”
In total, 914 individual NFTs were auctioned, with the tokens each featuring one of seven illustrations or animated gifs depicting Wonder Woman in scenes invoking themes relating to the empowerment of women.
The tokens auctioned included two one-of-a-kind editions, four “open limited editions” — where an unlimited amount of NFTs can be minted only while the auction is ongoing, and one edition for which no more than 10 copies could be sold.
The most expensive piece sold was “Heroines – Weight of the World,” an animated gif that illustrates Wonder Woman holding the world against a backdrop invoking themes of empowerment. The bidder “888” got their hands on the piece for a total of 88.888 Ether, worth approximately $136,000.

The open edition, “Heroines – Stand Out” , spanned 10 copies in total, with two being reserved for the artists, seven given away to raffle winners. The last remaining copy was auctioned for 15 Ether, or roughly $23,000. All proceeds from the sale were donated to Girls Who Code, an organization that works to closi the gender gap in the tech industry.
“Heroines – Shine Bright” was the highest performing open limited edition, with a total of 151 copies selling for a combined total of $450,000.
José Delbo illustrated the Wonder Woman comics between 1976-1981 and is no stranger to the crypto world, holding a week-long exhibition of his comic book art in the Ethereum-based virtual reality world Decentraland during July 2020.
Comic book characters are increasing in popularity in the crypto art markets, with Marvel officially launching a Spiderman NFT that sold for $25,000 in February of this year.
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Source: https://cointelegraph.com/news/former-dc-comic-book-artist-fetches-1-85m-auctioning-wonder-woman-nfts
Blockchain
TA: Bitcoin Rallies above $52K, Why BTC Could Soon Hit $55K

Bitcoin price rallied over 5% and it even broke the $52,000 resistance against the US Dollar. BTC is now above $53,000 and it is likely to continue higher towards $54,500 and $55,000.
- Bitcoin extended its rise above the $51,500 and $52,000 resistance levels.
- The price is now trading well above $52,000 and the 100 hourly simple moving average.
- There was a break above a key resistance trend line at $52,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could correct a few points, but it is likely to find support near $52,800 and $52,000.
Bitcoin Price Extends Increase
Yesterday, we saw a fresh increase in bitcoin above the $50,000 resistance zone. BTC remained in a bullish zone and it was able to extend gains above $52,000 after a short-term downside correction.
The bulls gained strength, resulting in a strong push above $52,000. There was also a break above a key resistance trend line at $52,800 on the hourly chart of the BTC/USD pair. The pair cleared the 76.4% Fib retracement level of the key decline from the $52,748 swing high to $46,350 swing low.
Bitcoin is now trading well above $52,000 and the 100 hourly simple moving average. The price is trading nicely above the $53,000 level and it is likely to continue higher.
Source: BTCUSD on TradingView.com
An immediate resistance is near the $54,000 level. The first key resistance is near the $54,250 level. It is close to the 1.236 Fib extension level of the key decline from the $52,748 swing high to $46,350 swing low. The next major resistance for the bulls is near the $55,000 level. Any more gains could lead the price towards the $58,000 resistance zone and the all-time high.
Dips Supported in BTC?
If bitcoin starts a downside correction, it is likely to remain well bid above $52,000. An initial support on the downside is near the $53,000 level.
The first key support is near the $52,700 level and the broken trend line. Any more downsides might call for a test of the main $52,000 support zone in the coming sessions.
Technical indicators:
Hourly MACD – The MACD is now gaining momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 60 level.
Major Support Levels – $53,000, followed by $52,700.
Major Resistance Levels – $54,000, $54,250 and $55,000.
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Source: https://www.newsbtc.com/analysis/btc/bitcoin-btc-could-soon-hit-55k/
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