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A Russian man, Alexander Vinnik, admitted to some of his cybercrime actions in a US court, as stated by his lawyer Arkady Bukh. Vinnik was caught in Greece in 2017 and convicted in France for money laundering. Now, he's awaiting trial in California. His legal team hopes for a sentence of under 10 years, instead of a possible life sentence, through a plea deal. Vinnik is accused of laundering more than $4 billion using bitcoin. He allegedly ran BTC-e, which the US Department of Justice called a major cybercrime platform. Despite Russia's requests, he was extradited to France and then to the US in 2022. The US charges could lead to 55 years in prison, but the plea deal aims to reduce his potential sentence.

Tesla is making big news by saying it will now take Dogecoin as payment for some stuff. This is a big deal because it connects regular buying with online money in a new way. Here's what's going on:
If you're shopping on Tesla's website and see something you want to buy, like a car or a solar panel, you might see a Dogecoin symbol next to the button you press to buy it.
To pay,
you just send the right amount of Dogecoin to Tesla's special wallet. Why it matters: This move shows that big companies like Tesla are okay with using digital money for real things, not just online games or trading. It could also make Dogecoin more serious and worth more money. Looking ahead, this partnership could make other companies think about using cryptocurrencies too.
It might make digital money just as normal as regular money when you're shopping. 🚗🌐
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Remember, the crypto market is unpredictable, so research before diving in. Your tips support us in providing valuable investment advice. #BinanceLaunchpoolView

A hacker targeted a big cryptocurrency investor and stole a lot of Bitcoin. This isn't the first time hackers have gone after the cryptocurrency industry. They don't just go after small investors; they also go after big ones and cryptocurrency projects. This latest theft cost a whale $71 million in Bitcoin. Look On-Chain, a company that provides data, shared the story on Twitter. The theft happened because the whale fell victim to a phishing attack. Here's what went down: The hacker created a fake address similar to the whale's real one. They tricked the whale into sending all their Bitcoin to the fake address. This is a reminder for everyone to be careful and double-check their transactions to avoid getting scammed by hackers.#altcoins #BlackRock #MicroStrategy #eth‬ $BNB $BNB

Crypto whales, known as big investors in the cryptocurrency world, are catching attention with their recent actions. After a period of selling off their crypto holdings, it seems that some whales have changed their strategy. According to data from The Data-Nerd, a reliable source for on-chain data, certain whales are now buying Bitcoin (BTC) and Ethereum (ETH) again. The Data-Nerd shared details of recent whale transactions, such as one whale withdrawing 1,000 BTC (worth $59.35 million) from Binance and another withdrawing 1,356 ETH (worth $4.06 million) from Coinbase. These whales have been steadily accumulating these assets over the past few months. This trend of whales buying BTC and ETH is crucial for the crypto market's recovery. If large investors continue to support the market, it could lead to the recovery of all crypto assets.
#BTC #ETH

US senators call for action against cryptocurrency mining in Iran

Senators Elizabeth Warren and Angus King want the Biden administration to take action against Iran's cryptocurrency mining. They worry that since Iran made mining legal in 2019, it's made lots of money that could support terrorism and get around sanctions. Warren and King say Iran is one of the top producers of bitcoins and uses them to hide money, which is a risk to national security. They're asking for details about how much money Iran made from mining in 2021, how digital money is linked to the Iranian government, and what steps are being taken to keep the country safe by May 16.
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I started trading because a friend suggested it, showing me screenshots of his earnings. I made $6,000 on my first day, but later lost everything when the market crashed. I regret not having experience or knowledge before starting. I used to believe crypto could change my life, but now I've lost all my savings from six years of frugal living. I wish I hadn't made this mistake.#buythedip #fomc #BinanceLaunchpool $BTC

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Another person had a bad experience with Binance's P2P platform. They lost $840 in a scam. Here's what happened: They used the app to sell some Bitcoin. The system matched them with a buyer. They trusted Binance and went ahead with the trade. The buyer asked them to release the Bitcoin and stay online for 5 minutes. They promised to send money during this time. But after releasing the Bitcoin, nothing happened. The buyer stopped talking, and the Bitcoin disappeared from their wallet. They found out the buyer had a history of not fulfilling orders and scamming others. This was their first time using Binance P2P, and it caused them a lot of financial stress. To avoid scams like this, here are some tips: Stick to well-known platforms like Binance. Always check payments before trading. Use the platform's secure messaging and don't share personal info too soon. Stay updated on scams in P2P trading. Be careful and share these tips with others to keep them safe.#buythedip #BTC #BinanceLaunchpool

Attention, everyone!
There's significant news regarding Bitcoin. Peter Schiff believes Bitcoin could decrease to $20,000.

If this occurs, he suggests that MicroStrategy, a major Bitcoin holder, might face a loss of approximately $3.25 billion. Additionally, Schiff implies that MicroStrategy might be influencing Bitcoin's price.
He made these remarks following Bitcoin's price drop to $60,065, triggered by underperformance of a cryptocurrency ETF in Hong Kong.
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The reason behind Bitcoin's recent drop has been uncovered: Why is BTC falling?
A key factor in Bitcoin's decline is the expected decision on interest rates by the Fed and statements made by Fed Chairman Powell. Markets are feeling anxious about what Powell might say after today's decision.
The decrease in investments in ETFs also played a role in the cryptocurrency decline, especially Bitcoin. Last week, all Bitcoin ETFs ended each day in the negative. There was a total outflow of over $500 million from ETFs in just a few days.
According to Fineqia research analyst Matteo Greco speaking to Reuters, "The recent downward trend can be attributed to increased profit-taking by investors who entered the market during the crises of 2022 and 2023, as well as by ETF investors who saw significant price increases in their shares after entering the market in the first weeks of 2024."
Reuters also reports that from a broader perspective, the Fed is not expected to change interest rates, but investors fear that the central bank may not lower interest rates at all this year. This could negatively impact assets sensitive to interest rates, such as cryptocurrencies, emerging market stocks and bonds, and even commodities.
On the flip side, traders worried that the Fed will maintain high interest rates for an extended period are anticipating significant movements in the stock market.
The Fed will announce its decision on interest rates at 9:00 PM tonight, followed by Powell's press conference at 9:30 PM.

🚨Crypto Drama Alert!🚨
FTX founder, Sam Bankman-Fried (SBF), has been sentenced to 25 years in prison, while Binance's Changpeng "CZ" Zhao got a 4-month sentence. People are talking a lot about the difference in their sentences, especially because author Michael Lewis calls SBF the "Luke Skywalker" of crypto in his book "Going Infinite". SBF was found guilty of taking billions from FTX customers, while CZ admitted to breaking the Bank Secrecy Act. Even with all this drama, Lewis' book is going to be turned into a movie. What do you think about this crypto story? Share your thoughts below! 👇

⚠️ Beware of a Big Scam on Binance! Stay Safe!
Recently, scammers on Binance have a new trick to deceive people.
They ask for tips on Binance Square, promising big rewards like 1 BTC or 0.5 BTC. Many people have been tricked and lost their money. The scammer's post quotes fake rates for tips, claiming they'll send Bitcoin to some people. However, after receiving large tips, they change their username and vanish with the money. Please don't send tips to users making fake promises.
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Report these posts immediately to protect others on Binance Square. Share your experiences and suggestions to keep scammers away. - Binance Risk Sniper
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🚨 Big News 🚨
Russia Plans to Stop People from Using Cryptocurrencies, Except Ones Made by the Government!
🇷🇺 Hold onto your online money! Starting on September 1st, there will be a big change for cryptocurrencies in Russia.
📅 The country is going to make it illegal to use any cryptocurrencies, except for ones made by the government.
Anatoly Aksakov, who leads a group in the Russian government dealing with finance, says, "We are doing this because people are starting to use cryptocurrencies instead of our regular money, the ruble. But only the ruble should be used as money, so we decided to do this."
This news is surprising for people all around the world who are interested in cryptocurrencies. They are wondering what this means for the future of online money and how much governments will get involved in it.
💼💰
We'll keep you updated as we learn more about this! 🔍💡
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