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🚨🚨🚨BIG BREAKING: Russia 🇷🇺 prepares for total Bitcoin💰 Ban as geopolitical tensions rise. “Digital rubles will be allowed. The need for a ban is due to the fact that #Bitcoin is a currency that replaces the ruble in the country” - Aksakov, Chair- Financial Market. #CryptoNews #bitcoin #Russia

🚨🚨🚨BIG BREAKING:

Russia 🇷🇺 prepares for total Bitcoin💰 Ban as geopolitical tensions rise.

“Digital rubles will be allowed. The need for a ban is due to the fact that #Bitcoin is a currency that replaces the ruble in the country” - Aksakov, Chair- Financial Market.

#CryptoNews #bitcoin #Russia

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🔒 Former Binance CEO Changpeng Zhao, or CZ, will serve a four-month prison term for inadequate implementation of anti-money laundering controls at the cryptocurrency exchange. ⚖️ The sentence, issued in Seattle, is lighter than the three-year term prosecutors sought for what they deemed a serious violation of the Bank Secrecy Act (BSA). 👨‍⚖️ During the sentencing hearing, Judge Richard Jones considered CZ's philanthropic background and first-time offense, significantly influencing his decision. 📜 Before the hearing, Judge Jones reviewed numerous positive letters about CZ, emphasizing his charitable endeavors and personal integrity. 🏦 CZ becomes the first CEO imprisoned under the BSA, highlighting the seriousness of Binance's oversight in anti-money laundering practices. ⚖️ Prosecutors argued that CZ's charitable actions do not excuse legal violations, while the defense stressed his voluntary surrender and cooperation. 📝 Judge Jones acknowledged overwhelming support for CZ but reiterated that his role at Binance did not exempt him from legal obligations. 💼 Despite the prison term, CZ plans to continue his philanthropic work, indicating that this setback is likely only a temporary pause in his career. #BNB⁩ #CZ #Binance #exchange
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🇮🇩 Indonesia's presidential election in February 2024 saw a victory for Prabowo Subianto and Gibran Rakabuming, perceived as supporters of the cryptocurrency industry. 📈 Key industry figures like Subani from CFX and William Sutanto of INDODAX anticipate positive impacts on the country's crypto sector under the new administration. 🔒 Subianto pledges to tighten regulations to combat tax evasion, while Rakabuming aims to cultivate blockchain expertise among the youth. 🤝 Both leaders are committed to fostering the cryptocurrency environment, with their intentions reaffirmed after being declared winners by the electoral commission on April 25. 💡 There's an expectation that the new government will uphold or improve existing crypto-friendly policies. 🚀 Sutanto highlights Rakabuming's potential to drive innovation in the blockchain and cryptocurrency sectors, given his appeal to the younger generation and strategic planning capabilities. 🌍 Indonesia, while not leading in transaction volumes, has witnessed significant growth in registered crypto users under President Joko Widodo, laying a promising groundwork for the new leadership to elevate the country's position in the regional crypto market. #CryptoNews #CryptoNews🚀🔥
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⚖️ Bitcoin investor Roger Ver faces extradition after being detained in Spain on tax fraud charges, as announced by the U.S. Department of Justice (DOJ). 💼 Ver, who became a citizen of St. Kitts and Nevis in 2014, is accused of evading taxes totaling $50 million while operating two American companies, MemoryDealers.com and Agilestar.com. 🔍 The DOJ alleges Ver failed to pay sufficient exit taxes on the capital gains from his assets, including approximately 131,000 bitcoins owned by him and his companies in 2014. 💰 By mid-2017, Ver's companies reportedly retained about 70,000 bitcoins, which he allegedly took control of and sold for around $240 million in November 2017. 📉 Ver is also accused of providing misleading information to a law firm, resulting in the filing of false tax returns that underreported the value of the bitcoins and his ownership of them. 🔍 This incident underscores the importance of transparency and compliance in handling cryptocurrency assets concerning tax obligations, highlighting the need for individuals to adhere to tax laws and regulations. #BTC‬ #bitcoin #bitcoinhalving
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It's ⛈️ a tumultuous time in the crypto market as Bitcoin faces significant bearish pressure, with key technical indicators pointing towards further downside potential. Let's break down these indicators: 1. BTC Price Breaks Key Support: Bitcoin's price action has been forming lower lows since April, signaling a 🐻 trend in the short to medium term. The recent drop below $57K and the breach of the $58K support level confirm this bearish sentiment. The next key support levels to watch are $52K and $48.5K. 2. Momentum Remains Bearish: Bears continue to dominate the market, with Bitcoin's price appearing to be in free fall. If this downward correction persists, there's a possibility of revisiting the $52K or $48K support levels. These are crucial levels that could determine the next phase of Bitcoin's price action. 3. Weekly MACD Bearish Cross: The weekly Moving Average Convergence Divergence (MACD) indicator recently made a bearish cross, signaling further downside potential. This bearish crossover often precedes significant price declines, and Bitcoin's recent drop from $64K to $57K within 48 hours underscores this warning signal. Looking ahead, Bitcoin's macro trend remains bullish as long as it stays above $50K. However, a breach of this level could lead to increased anxiety among even the most optimistic bulls. In such a scenario, many altcoins may experience significant retracements, potentially erasing gains made since the start of the bull run in early 2023. In summary, while the current market conditions are challenging, keeping a close eye on these key support and resistance levels, along with monitoring momentum indicators like the MACD, can provide valuable insights into Bitcoin's future price movements. #BTC‬ #fomc #bitcoinhalving #bitcoin
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