CRYPTO KID FRAUDSTER TO SPEND ALMOST 8 YEARS IN FEDERAL PRISON

September 17, 2021

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TL:DR

Happy Friday, everyone! It’s time for our weekly newsletter. As always, we will be telling you about some of the news stories that made headlines last week and giving you a sneak peek at some of the upcoming events that we think are worth your time.

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“We’re a community of crypto enthusiasts who share our knowledge and insight on the crypto market and trends to help each other make better investment decisions.”

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Here is the top crypto-news from last week.

MARKETS

▲ Bitcoin

$47,499.17

+61.37%

▲ Ethereum

$3,444.65

+370.26%

▲ Cardano

$2.37

+1248.01%

▲ Solana

$143.45

+7653.23%

▲ Binance

$412.08

+985.10%

*Cryptocurrency data as of Friday at 9:30 AM PST. YTD% Average

Weekly Review

Last week’s market perfomance

This week so far it appears that markets are recovering as Bitcoin reaches $48,000 after a fall from crossing the $50,000 mark last week. Other cryptocurrencies seem to be following Bitcoin and are recovering from their fall including Cardano and Solana which saw their highest price tag this month.

Technology

AMC okay’s to add more cryptocurrencies as a form of payment

Earlier, AMC announced it will allow its customers to buy tickets and other services it offers with the help of Bitcoin. However looking at how many other cryptocurrencies people are invested in, AMC has decided to add Ethereum, Litecoin, and Bitcoin Cash in their payments method giving their customers more freedom on which crypto to choose from.

TRIVIA

This artist created history with his NFT collection “The First 5000 Days” being sold for $69 million at a Christie’s auction.

A. Murakam B. Banksy C. Warhol D. Beeple

Answer Below.

Crime

Crypto kid fraudster to spend almost 8 years in Federal Prison for running a Ponzi-scheme

The 24-year-old named Stefan Qin proposed he was running a hedge fund that offers 500% returns through investing in real estate and initial crypto coin offerings. In reality, Qin turns out to be a fraud. Many people who lost their life savings to Qin have asked the judge to maximize his sentence, including one woman who said she was left “homeless” by Qin’s actions.

Technology

Crypto company HashKey signs as a tenant with Hong Kong’s property giant

Coming to Asia, this week HashKey Group has signed a deal with Hong Kong’s Land Holdings Ltd. a major property owner in Hong Kong. The deal is the first of its kind with a crypto asset and will allow HashKey to have an entire floor for their operations at a famous building within Hong Kong’s city district. The company has offices in Singapore, Tokyo, and Shanghai.

Finance

Steven Cohen is all set to invest in a Crypto trading firm

The hedge fund billionaire Steven Cohen seems to be more optimistic about the cryptocurrency market after he criticized his baseball team on Twitter last month. Radkl is a fairly new trading firm that aims to deploy quantitative to improve investments in cryptocurrencies, DeFi, and other digital assets mainly NFTs.

Coin Market Calendar

Date	Project	Website
09/18	MatrixETF	$MDF
09/19	Revolve Games	$RPG
09/20	Green Beli	$GRBE
09/20	Chatex	$CHTX
09/20	DeSpace	$DES
09/20	Divergence	$DIVER
09/21	Vera	$VERA
09/22	Gro Protocol	$GRO
09/22	Weld.Money	$WELD
09/22	Calamari	$KMA
09/23	Starpunk	$STAR
09/23	Rangers Protocol	$RPG
09/27	Orion Money	$ORION

Connect to our shareable calendar here.

World Policy

China’s Hebei province seems to clamp down its crackdown on crypto mining

According to a recent statement published this week by the cyberspace commission of China, it suggests the government is all set to co-operate with the individuals associate with using virtual currency’s mining and trading setups. This is far welcoming news because earlier as China started to crackdown on cryptocurrencies, the entire market felt the burden.

NFT News

Binance has its own NFT platform

Looking at the success of Non Fungible Tokens, the world’s most famous crypto-wallet and trading platform have launched its own NFT marketplace where you can buy NFTs and also bid on them. NFTs can be purchased using ETH or BNB. The convenience of not having to download a meta-mask wallet to purchase NFTs among others has caught the attention of Binance users and other investors.

Closing

OpenSea’s product lead is accused of using insider knowledge to gain profits

OpenSea – one of the most popular places to purchase and trade NFTs, their senior employee has been found guilty of having insider knowledge thus making more profits. He was caught doing inside trading of some NFTs before they were even dropped on the platform. So far the status of his employment has not been released by OpenSea.

TRIVIA ANSWER

A. Beeple After a flurry of more than 180 bids in the final hour, a JPG file made by Mike Winkelmann, the digital artist known as Beeple, was sold on Thursday by Christie’s in an online auction for $69.3 million with fees. The price was a new high for an artwork that exists only digitally, beating auction records for physical paintings by museum-valorized greats like J.M.W. Turner, Georges Seurat and Francisco Goya. Bidding at the two-week Beeple sale, consisting of just one lot, began at $100.