He was accused of falsifying administrative documents according to the local French media that contained economic information. Also, the media found the certain connection of the government official with members of organized crime. The deed was discovered by the Judicial Police following the agent’s online activities using his personal code. Each official has his own personal code that can help to track their computer activity.
The agency that’s in charge of fighting against irregular immigration broke down the entire criminal network where the agent was a part of. Leaking documents such as these ones that are highly protected and usually are required a higher level of security clearance are considered a hefty penalty.
The French security official is now facing up to seven years in prison and a fine of 100,000 Euros if found guilty.
For this reason, the French stock market regulator put up a blacklist of all websites including ones that do crypto business so they can protect the French customers. Also, the goal of the regulators is to urge the customer to be very careful of such investments and to double check all facts that are put up in an advertising material. Overlooking such elements might bring potential customers some high investment risks.
Recently, the French regulator received legal power in order to grant permission and licenses to companies that issue ICOs so they can provide an additional guarantee for future customers and users.
Bitcoin YTD Gains At 151% So Far, New Increases Are Likely
“The launch of Facebook’s cryptocurrency will go down in history as the catalyst that propelled digital assets (including bitcoin) to mass global consumer adoption. Will be remembered as just as important — and transformative — as the launch of the Netscape browser. Buckle up.”Another crypto trader and real estate developer known as Satoshi Flipper noted that Libra will not replace Bitcoin nor compete against it in the same market.
"Once Libra goes live, nobody outside of the Facebook platform will care much for it. It’s another stable coin and it’s not replacing BTC. It will work in a centralized ecosystem. But it will bring awareness to BTC and altcoins. And I’m excited about the network effect it will have," he said.One of the Winklevoss twins, Tyler Winklevoss, has also predicted a Bitcoin YTD gains, stating the possibility for Bitcoin to break through even more in the near future. https://twitter.com/tylerwinklevoss/status/1141387824379441152 His statement went viral on many best cryptocurrency news sites.
QuadrigaCX Co-Founder Used User Deposits For His Own Trading
“Significant volumes of Cryptocurrency were transferred off Platform outside Quadriga to competitor exchanges into personal accounts controlled by Mr. Cotten. It appears that User Cryptocurrency was traded on these exchanges and in some circumstances used as security for a margin trading account established by Mr. Cotten.”In addition to this, the coming altcoin news show that QuadrigaCX co-founder Cotton apparently created fake "identified" accounts on the exchange under multiple aliases “into which unsupported Deposits were deposited and used to trade within the platform.” This, as EY noted, led to “inflated revenue figures, artificial trades with Users and ultimately the withdrawal of Cryptocurrency deposited by Users.” In his trading on the competitor exchanges, EY noted that the QuadrigaCX co-founder incurred trading losses and incremental fees that affected Quadriga's cryptocurrency reserves. The report also cites EY saying that it has been unable to confirm the identity of wallet holders to which substantial sums of crypto were transferred. As of the filing date, around 76,000 users are owed a combination of fiat and crypto by Quadriga, at an aggregate value of around $214.6 Canadian dollars (equivalent to $162.2 million in USD).
Analysts Believe BTC Will Hit $62K By The End Of Year
Bitcoin Claims A New 2019 High, Other Altcoins Left In The Dust
“The asset class is here to stay…I think it’s now being looked at potentially as an important part of a diversified portfolio…I think the asset class is really ready for the next phase.”Silbert also pointed out to the crypto industry that its infrastructure including the ‘’institutional grade custody solutions trading software’’ is one big sign for the maturing of the ecosystem. There are multiple catalysts that show how big the demand from institutional investors is but not one includes geopolitical tensions between the US and China. Bitcoin claims still the position that it holds as one of the best-performing assets. As noted in the latest cryptocurrency news, Anthony Pompliano noted:
“In May, BTC had a nearly perfect negative correlation with the S&P 500.”
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- Altcoins Suffer And Remain Sideways, Bitcoin Goes Higher
- US Congresswoman Wants Facebook To Pause Its Crypto Plans
- Bitcoin YTD Gains At 151% So Far, New Increases Are Likely
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- US Banking Committee Senate Sets Hearing For Facebook’s Crypto Project
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