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Accused Bitcoin Launderer Vinnik Reportedly Arrives at French Hospital

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According to a Facebook post by Alexander Vinnik’s lawyer, Zoe Konstantopoulou, the alleged BTC-e money launderer has successfully been extradited to France. 

Social media update

In a post on the social media site at UTC 8:10, Konstantopoulou wrote: 

“Alexander is at Hotel Dieu Hospital in Paris, as my French colleague informed me, while the Greek authorities are hiding and pretending to know nothing. She hasn’t been allowed to see him yet and they will try to question him tonight, exhausted and without communication or information! I already sent a request to postpone his hearing for tomorrow

If this is not a complete leveling of the rule of law, what is it?”

Cointelegraph reported earlier today, Jan. 23, that Greece had agreed to extradite Vinnik to France, contrary to the wishes of Vinnik and members of the Russian government. 

However, this announcement was followed by some uncertainty, as Russian news outlet RIA Novosti reported on confusion among Vinnik’s lawyers after Vinnik was taken away from the hospital that housed him in Greece. His whereabouts at the time was unknown for some time.

His condition in question

Regarding the state of her client, Ms. Konstantopoulou wrote on Facebook:

“In every way the government is trying to scare him, terrorize him, in a moment of great agony, while his health has worsened […] A man 30 months imprisoned, without charge, on the limits of existence, who fights with his only weapons — his body and life — is also suffering from a psychological war.”

Vinnik was arrested in late-July 2017 for laundering $4 billion in Bitcoin over six years as head of BTC-e, one of the world’s largest exchanges. The new few years saw a three-country tug-of-war over Vinnik, a Russian national.

Source: https://cointelegraph.com/news/accused-bitcoin-launderer-vinnik-reportedly-arrives-at-french-hospital

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PewDiePie Is Guilty of Every Attack He Hypocritically Aims at Jake Paul

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  • PewDiePie trashed fellow YouTuber Jake Paul’s new financial freedom courses in a recent video.
  • But Felix is guilty of shilling sketchy financial products too.
  • To top it off, PewDiePie gives financial advice in the video, while criticizing Jake Paul for not having any credibility to give financial advice.

PewDiePie wasn’t back on YouTube for long before running out of ideas for original content. So he piggy-backed off another YouTuber’s original work instead.

His response video to Jake Paul’s financial freedom movement isn’t the first time Kjellberg has attacked his fellow YouTuber’s efforts to make the world a better place. The king of gaming YouTube has a longstanding beef with both Jake and Logan Paul.

jake and logan pauljake and logan paul
PewDiePie has a longstanding beef with the Paul brothers. | Source: Michael Reaves/Getty Images/AFP

Last year, he even stooped as low as bashing Jake Paul’s petition to end cyberbullying.

PewDiePie has expressed consternation in the past with a media that nit-picks over his channel and allegedly blows anything negative out of proportion.

But he’s doing the same thing to Jake in this recent video.

Felix Shilled Scammy Cryptos

Just last month, Felix shilled sketchy cryptocurrency projects to his audience for affiliate revenue at the beginning of a video.

He even acknowledged with a joke how greedy it was to include an ad in a video that already had ads on it:

Many people have lost millions to crypto scams in the last decade while hoping to get rich. PewDiePie leveraged his fame and the trust of his fans to push more scammy cryptos. Yet he criticizes Jake Paul for encouraging people to educate themselves about finance and business.

He even made fun of another shady crypto scam in 2018, before selling out to TRON, BitTorrent, and DLive.

PewDiePie Mocks Jake Paul for Giving Financial Advice… Then Gives Financial Advice

As if that weren’t astounding enough, PewDiePie is actually guilty of what he slams Jake Paul for within the same video that he upbraids Paul. It’s unbelievable.

Pewds mockingly says:

Yes, Jake Paul is the person I look at when I envision financial freedom.

Then laughs.

But why not?

pewdiepie, jake paulpewdiepie, jake paul
PewDiePie is more like Jake Paul than he wants to admit. | Source: PewDiePie/YouTube

Paul is in his early 20s, and he’s a multi-millionaire. That actually makes him at least credible, if not authoritative, as a source of business and financial advice.

While PewDiePie doesn’t think Paul’s YouTube success translates to financial savvy, he instantly turns around and starts giving financial advice:

Student loan is the cheapest loan you can ever get. It’s one of the most fair loans. It’s a great loan to actually take advantage of.

That was in response to Jake Paul criticizing student loans for costing so much and not delivering students the earning power that would make them worth it.

But Jake Paul is right. And PewDiePie is wrong.

Job pay hasn’t kept up with the ballooning costs of loan-financed college education. And one markedly unfair aspect of student loans is they are notoriously difficult to discharge in bankruptcy.

PewDiePie concludes:

Jake Paul is the kind of celebrity that doesn’t have any real value… You could replace Jake Paul with anything or anyone and it wouldn’t make a difference.

Honestly, how special is it to play Minecraft and laugh at memes?

PewDiePie is even more “guilty” than Jake Paul of this final criticism.

Disclaimer: The opinions expressed in this article do not necessarily reflect the views of CCN.com.

This article was edited by Josiah Wilmoth.

Source: https://www.ccn.com/pewdiepie-is-guilty-of-every-attack-he-hypocritically-aims-at-jake-paul/

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Caitlin Long Starts the First Crypto-Native Bank in the U.S.

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Caitlin Long, a former Wall Street executive who has helped Wyoming enact 13 blockchain-enabling laws, is taking advantage of the progressive Wyoming legislature to establish a first crypto-native bank in the U.S. The bank’s name is Avanti, which means “forward” in Italian.

Long made this announcement earlier today in a series of 29 tweets. She believes that “a critical piece of U.S. market infrastructure is missing – a regulated bank that can act as a bridge to the Federal Reserve for payments and [offer] custody for BIG institutional money.”

Long thanked Wyoming governor Mark Gordon for making this possible, as Avanti takes advantage of the special-purpose depository institution law “which is the optimal regulatory-compliant structure in the U.S. for providing financial services around crypto.” 

Cointelegraph reached out to Caitlin Long for a comment, but did not receive an immediate response. This article will be updated if we hear back.

Strict regulation

However, Long notes that this special-purpose depository law has stringent regulatory requirements. According to this law, all deposits — in the case of Avanti, crypto deposits — must be 100% reserved. Avanti will also not be allowed to use deposits for any financial operations of its own — a practice known as “rehypothecation.” Strict Know Your Customer standard must be applied. “DON’T EVEN THINK ABOUT trying to use Avanti for illegal/nefarious purposes!!!!!!!!!,” warns Long in a tweet.

Strange bedfellows

Long stated that she has had many long conversations with Adam Back, CEO and founder of Blockstream and an early contributor to Bitcoin, prior to starting Avanti. She believes that Blockstream is an “ideal partner for serving BIG institutional investors that require regulated banks to deliver them services around bitcoin in USD markets.”

However, she states that Avanti will stay “protocol neutral” and will welcome all cryptocurrencies demanded by clients. According to Long, we can also expect to see: 

STRANGE BEDFELLOWS because it’ll attract the best from the crypto & traditional worlds. I’m comfortable + have deep relationships in both worlds & I am equally comfy in NYC’s concrete canyons as in the wilds of Wyoming.”

Long expects Avanti to open its doors in early 2021. If Long is right that could lead to the influx of a significant amount of new liquidity to the market.

Source: https://cointelegraph.com/news/caitlin-long-starts-the-first-crypto-native-bank-in-the-us

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Bitcoin Price Prediction: BTC/USD Dumps Fast, Ready to Decline to $9,000?

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Bitcoin (BTC) Price Prediction – February 24

The volatility in the Bitcoin market could simply mean that the coin may either swing to $10,000 or decline to $9,000.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $10,500, $10,700, $10,900

Support Levels: $9,000, $8,800, $8,600

BTCUSD – Daily Chart

After an erratic recovery of yesterday, BTC/USD has resumed back into a selling mode today. A few days ago, the coin topped at $10,300 and has been in retreat ever since. At the time of writing, BTC/USD is trading at $9,630, down 3.35% since the beginning of today. Bitcoin continues to narrow down towards $9,500. The downtrend is clearly shown by taking a broader technical picture using the daily chart.

Moreover, the BTC/USD price is struggling to hold a couple of important supports near $9,400. The price is likely to continue lower below the $9,300 and $9,200 support level. If there is a downside break below the $9,200 support level, the price could revisit the $9,100 support level. The bears are gaining momentum and if the price clears the $9,100 support, there is a risk of a sharp decline to $9,000, $8,800 and $8,600 support levels.

However, the Bitcoin price is now deciding below the 9-day and 21-day moving averages, where the buyers are anticipating a rebound. Meanwhile, the $10,200 and $10,400 levels may further surface as the nearest resistance levels should the $10,000 level holds. However, a strong bullish spike might take the price to $10,500, $10,700 and $10,900 levels. But presently, the stochastic RSI is within the oversold condition.

BTC/USD Medium – Term Trend: Bearish (4H Chart)

Looking at the 4-Hour chart, Bitcoin (BTC) has not yet slipped below $9,400 and is still in the loop of making a bounce back if the signal lines of stochastic RSI can make a quick turn back from the oversold zone. At the moment, BTC/USD price hovers below the 9-day and 21-day moving averages and may take time to persistently move back and touch the resistance level of $9,700. At the moment, the Bitcoin price is currently moving around $9,611 level.

BTCUSD – 4 Hour Chart

More so, should in case the buyers put more effort and energize the market, we can expect a retest of $9,800 resistance level. Therefore, breaking the mentioned resistance could also allow the bulls to test the $9,900, $10,100 and $10,300 upward. In other words, if the bears hold the price and push it downward, then the support level of $9,300, $9,100 and $8,900 may be visited as the technical indicator is entering into the oversold zone.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Source: https://insidebitcoins.com/news/bitcoin-price-prediction-btc-usd-dumps-fast-ready-to-decline-to-9000/251973

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