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Unlicensed crypto exchange operator faces 25 years for laundering $13m

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49-year-old peer-to-peer crypto trader, Hugo Sergio Mejia, has agreed to plead guilty to charges of money laundering and operating an unlicensed money transmitting business.

The U.S. Attorney’s Office accuses Mejia of using a suite of limited liability corporations to conceal the true nature of his operations while exchanging cash for Bitcoins over a period spanning more than two years.

The complaint accuses Mejia of transferring funds between Bitcoin and U.S. dollars worth at least $13 million for clients from May 2018 and September 2020 using his companies Worldwide Secure Communications, World Secure Data, and The HODL Group.

According to the proposed plea agreement, Mejia negotiated with a client who was cooperating with law enforcement to exchange Bitcoin for tens of thousands of dollars in cash between May 2019 and March 2020.

Despite the client informing Mejia that his primary customer was an Australian methamphetamine buyer during a meeting in March 2020, Meija was willing to proceed with the transaction. The complaint states Mejia carried out transactions worth more than a quarter of a million dollars for the client:

“Mejia and the client who was working with law enforcement conducted five Bitcoin-cash transactions that cumulatively exceeded $250,000, the plea agreement states.”

The client conducted at least five transactions worth more than $250,000 in total.

As part of his plea deal, Mejia has agreed to forfeit almost $234,000 in cash and approximately $95,500 in cryptocurrency and metals that were found at his California residences.

The deal also mandates that from now on, Meija will “maintain, at most, one virtual currency wallet, and that one wallet shall be used for all personal transactions, limited to only using and possessing open public blockchain virtual currencies and restricted from using privacy-based blockchain virtual currencies.”

Mejia was charged on Friday, Jan. 29, and is expected to plead guilty to one count of money laundering and one count of operating an unlicensed money exchange which he failed to register with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN).

Mejia is expected to go before a U.S. district court in March and faces a maximum statutory sentence of 25 years behind bars in federal prison.

Source: https://cointelegraph.com/news/unlicensed-crypto-exchange-operator-faces-25-years-for-laundering-13m

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Polkadot, Cosmos, Zcash Price Analysis: 14 April

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On the back of a significant uptrend, Bitcoin, the world’s largest cryptocurrency, climbed from under $60,000 to over $64,500 in less than 48 hours. At press time, however, the crypto’s bullish momentum seemed to be exhausting itself, with corrections setting in and pulling the value of the larger crypto-market south. The same was evident when the price charts of alts such as Polkadot, Cosmos, and Zcash were taken into account.

Polkadot [DOT]

Source: DOT/USD on TradingView

It’s been just under two weeks since Polkadot, the market’s 7th-largest crypto, was trading at its ATH. While corrections soon followed, thanks to BTC’s latest foray above $60k, market bulls once again spurred the movement of DOT’s price action. In fact, over the last few trading sessions, DOT hiked by almost 10%.

At press time, however, corrections affecting the Bitcoin market were taking the toll on DOT too, with the alt losing value by the hour.

Whether these corrections will amount to a definite trend reversal, however, is a question that cannot be answered at this moment. While the Parabolic SAR’s dotted markers were well under the price candles and suggested bullishness, the Chaikin Money Flow was healthy, despite noting a dip to correspond with the alt’s price fortunes.

The project was in the news recently after Tether announced that it will be launching on Polkadot and Kusama.

Cosmos [ATOM]

Source: ATOM/USD on TradingView

Cosmos, the crypto ranked 31st on CoinMarketCap’s rankings, has had a good last few weeks, with the alt consistently registering higher lows on the back of a sustained uptrend. While ATOM hasn’t been a stranger to brief periods of depreciation, the last few days did see the alt surge by over 17.5% on the charts.

Like DOT, the last few hours did see ATOM correct, however, with the crypto trading over 8% away from its ATH.

While the mouth of the Bollinger Bands was widening at press time to point to some degree of incoming price volatility, the Awesome Oscillator pictured positive market momentum on the histogram, despite some bearish signals.

The development team behind the project activated the Inter-Blockchain Communication (IBC) protocol following a vote by members of the Cosmos ecosystem recently.

Zcash [ZEC]

Source: ZEC/USD on TradingView

One of the crypto-market’s leading privacy coins, Zcash has been on a steady uptrend for the past week, with the same punctuated by a set of brief price falls. One of these periods of depreciation was underway at press time after BTC failed to assert itself above the $64,500-mark. That being said, ZEC was still up by almost 10% in just over 48 hours on the charts.

Zcash’s indicators were very ambivalent, however. The MACD line was diverging away from the Signal line following the brief possibility of a bullish crossover. Finally, the Relative Strength Index exhibited buyer’s strength, with the same very close to the overbought zone.

Zcash was in the news recently after the ECC announced Halo Arc for the “next generation of Zcash.”


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Source: https://ambcrypto.com/polkadot-cosmos-zcash-price-analysis-14-april

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Centurion Invest Launches Copy Trading System For CIEx Traders

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Centurion Invest Launches Copy Trading System For CIEx Traders

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Centurion Invest Exchange (CIEx) has launched its copy trading system for its traders. Notably, both novice and intermediate traders can use the new system to boost their earnings, especially in a volatile crypto market. Interested traders can manually copy trades from experienced traders and mutually benefit.

According to H.E. Ali Kassab, Chairman of Centurion Invest, the platform has 25 experienced traders to help cryptocurrency traders make informed and proper decisions.

“Cryptocurrencies are different from other asset types since the prices are volatile, making it much harder for junior traders and investors to establish proper investing strategies. Our copy trading service with over 25 expert traders onboard provides an immediate and convenient trading solution. CIEx novice traders can start trading with an immediate $100 bonus and instantly turn it into profit. As well as accessing the best copy trading feature on CIEx, including trade signals and guaranteed closing with profit, they can also opt for monthly secured income traded funds throughout our investment plans tailor-made for all users,” noted Kassab.

The company has set out a mechanism to incentivize traders who successfully participate in the copy trading system. Kassab further noted that the decentralized nature of the Centurion Invest copy trading platform enables traders to earn by both actively trading and through passive income. Vouching for the platform’s sustainability, Kassab noted that the developers made sure the new platform offers enhanced privacy and more robust security. “Depositing funds and accessing spot and futures trading are made effortless so that novice traders can gain confidence rapidly,” he explained.

By leveraging the power of blockchain technology and human expertise, Centurion Invest Exchange aims to help traders make more profit, especially from the ongoing rally.

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In a bid to attract more customers to its platform, Centurion Invest has put in place different mechanisms. One, the company launched a referral program where anyone stands a chance to win bonuses from referring friends. Currently, the platform is running a limited offer to new customers who register an account with the exchange, whereby one stands a chance to win 100 USDT.

Notably, the company strategically launched its cryptocurrency wallet dubbed CI Wallet last month. The wallet provides key features such as Spot Trading, Futures, and Margins. For anyone interested in subscribing to the Centurion Invest Exchange services, the platform supports Visa, MasterCard, bank transfer, and also through top digital assets.


Ledger Nano X - The secure hardware wallet


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/centurion-invest-launches-copy-trading-system-for-ciex-traders/

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With Berlin looming, how is Ethereum’s price faring?

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The 14th of April 2021 is a historic day for the crypto-community, with the Berlin ETH hard fork expected to go live, alongside a Coinbase IPO valued at over $100 billion. Ergo, it does not come as a surprise that altcoins in the top-25 are rallying, alongside Bitcoin’s run to its latest ATH on the charts.

A top metric that underlines how the current altcoin rally is in response to these two events is increased on-chain activity. For Ethereum, the top metric is the number of non-zero addresses, with the same climbing to touch a new ATH of 57 million recently, based on data from Glassnode.

Here's why the altcoin rally is on for ETH, EOS, ADA, XLM, LTC

ETH Number of Non-zero Addresses || Source: Twitter

Based on the attached chart, the number of non-zero addresses on the Ethereum network has increased consistently with the price and the trade volume. In addition to the number of non-zero addresses, there has been an increase in major activity and metrics on ETH’s network, just as it has been so on Bitcoin’s network.

Here's why the altcoin rally is on for ETH, EOS, ADA, XLM, LTC

ETH’s increasing network activity || Source: Twitter

As can be observed from the attached chart, despite a 63% correlation between ETH and BTC, on-chain activity has risen exponentially for both assets. The bullish sentiment among traders on top spot exchanges is visible in the Options market as well. ETH Option skews have been decidedly bullish with very little variability in Skew.

What’s more, the implied volatility is climbing steadily for ETH too. What these metrics highlight are a) The strong demand for Ethereum Options and, b) Large ETH call premiums were blocked in anticipation of the price rally post the hard fork.

Here's why the altcoin rally is on for ETH, EOS, ADA, XLM, LTC

ETH Options || Source: Twitter

And, it’s not just Ethereum. Besides ETH, top altcoins like ADA, XLM, LTC, and EOS are rallying in response to these updates and Ethereum’s price rally.

EOS’s trade volume, for instance, was up by nearly 50% in a 24-hour window, while the price was up by over 16%. One of the top EOS price drivers has been the fact that one of EOS’s top markets is Coinbase Pro.

Similar on-chain metric updates were noted for Cardano. On the back of two price rallies over the past month, Cardano’s price, at press time, was at a level where 100% of its HODLers are profitable. Similarly, in the case of XLM, the trade volume has been anticipated to increase since Bitcoin’s price rally gained steam. In fact, the trade volume was up by over 40%, with the price rallying with Ethereum. It is likely that the price rally driven by today’s events and Bitcoin’s run to its next ATH may leave the rally less than sustainable, however.


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Source: https://ambcrypto.com/with-berlin-looming-how-is-ethereums-price-faring

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