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Bitcoin (BTC) Price Hits $2,700 on Binance: CEO CZ Breaks Silence
(CRYPTO BOXđ IS DOWNđđŸ)
In an unexpected turn of events, the price of Bitcoin (BTC) plummeted to an astonishingly low $2,706.20 during trading on the world's largest cryptocurrency exchange, Binance. This unexpected dip in Bitcoin's value sparked concern in the crypto community, as it is a price level last witnessed by investors back in 2017.
It is important to note that this abrupt drop occurred specifically within the futures trading section of the BTC to USDT pair.
Changpeng Zhao, the head of Binance widely recognized as CZ within the crypto sphere, swiftly addressed the situation. According to him, the problem was isolated to the user interface, assuring users that the glitch did not impact trading activities. CZ disclosed that the problem originated from new code implementation, necessitating a rollback and data correction. Engineers estimated a one-hour timeframe for the fix, though Zhao cautioned users to expect a resolution in about two hours.
This recent anomaly, as clarified by CZ, underscores that the event was purely a technical glitch on Binance's part and did not reflect any underlying issues with Bitcoin itself. Crypto enthusiasts and investors can breathe a sigh of relief, knowing that the integrity of the Bitcoin network remains intact.
This incident brings to mind a similar anomalous case in the cryptocurrency world, when the price of XRP surged dramatically, reaching an astounding $50 on the Gemini exchange in August. At that time, the extraordinary price anomaly was attributed to a malfunction in the exchange's order books.
#crypto2023 #BTC #Binance #queen_cryptoNews
(CRYPTO BOXđ IS DOWNđđŸ)
In an unexpected turn of events, the price of Bitcoin (BTC) plummeted to an astonishingly low $2,706.20 during trading on the world's largest cryptocurrency exchange, Binance. This unexpected dip in Bitcoin's value sparked concern in the crypto community, as it is a price level last witnessed by investors back in 2017.
It is important to note that this abrupt drop occurred specifically within the futures trading section of the BTC to USDT pair.
Changpeng Zhao, the head of Binance widely recognized as CZ within the crypto sphere, swiftly addressed the situation. According to him, the problem was isolated to the user interface, assuring users that the glitch did not impact trading activities. CZ disclosed that the problem originated from new code implementation, necessitating a rollback and data correction. Engineers estimated a one-hour timeframe for the fix, though Zhao cautioned users to expect a resolution in about two hours.
This recent anomaly, as clarified by CZ, underscores that the event was purely a technical glitch on Binance's part and did not reflect any underlying issues with Bitcoin itself. Crypto enthusiasts and investors can breathe a sigh of relief, knowing that the integrity of the Bitcoin network remains intact.
This incident brings to mind a similar anomalous case in the cryptocurrency world, when the price of XRP surged dramatically, reaching an astounding $50 on the Gemini exchange in August. At that time, the extraordinary price anomaly was attributed to a malfunction in the exchange's order books.
#crypto2023 #BTC #Binance #queen_cryptoNews
UK Court Orders Global Asset Freeze for âCryptoqueenâ and OneCoin Associates âïžâïž
In a major move against one of the biggest crypto frauds in history, a UK court has issued a global asset freeze targeting Ruja Ignatova, the infamous âCryptoqueen,â and her associates tied to the OneCoin scam. đšđ° This action marks a significant step in the international effort to hold those behind the fraudulent scheme accountable.
The Rise and Disappearance of the âCryptoqueenâ đđ”ïžââïž
Ruja Ignatova shot to global notoriety as the face of OneCoin, a cryptocurrency project that promised massive returns and revolutionary technology. đđ Launched in 2014, OneCoin drew in billions from investors worldwide, only to be exposed as a Ponzi scheme with no real blockchain or legitimate currency backing it. đžâ
Ignatova disappeared in 2017, evading authorities and becoming one of the worldâs most wanted fugitives. Despite being added to the FBIâs Most Wanted list, her whereabouts remain a mystery, making her a symbol of one of the largest financial crimes in recent history. đ”ïžââïžđ
The UK Courtâs Decision âïžđ
The UK courtâs recent order for a global asset freeze is a significant victory for authorities pursuing justice in the OneCoin case. This freeze applies to Ignatova and several of her key associates, effectively blocking them from accessing or moving their assets worldwide. đđ«
This legal action is designed to prevent the further disappearance of funds connected to the OneCoin fraud, with the ultimate goal of recovering assets to compensate the countless victims who lost their investments. đŒđ The asset freeze is a powerful tool in international financial crime cases, helping to ensure that ill-gotten gains are preserved for potential restitution. đđ”
Impact on Victims and the Crypto World đđą
For the victims of the OneCoin scheme, the global asset freeze offers a ray of hope that they might eventually see some of their money returned. đđž The case also serves as a stark reminder of the risks involved in the cryptocurrency space, especially when dealing with unregulated projects that promise unrealistic returns. đâ
The OneCoin saga has sent shockwaves through the crypto industry, highlighting the urgent need for stronger regulations and investor protections to prevent similar scams in the future. đ§đ It also showcases the challenges faced by law enforcement in tackling cross-border financial crimes, particularly those involving digital currencies. đđ»
What Lies Ahead? đđš
As legal proceedings against OneCoinâs operators continue, the world watches closely. Authorities from multiple countries are collaborating to track down any remaining assets and bring those responsible to justice.
âïžđ However, the journey toward full accountability and restitution for victims is far from over and is likely to be a long and complicated process. âłđ
The UK courtâs global asset freeze is a pivotal moment in the fight against one of the most notorious crypto frauds ever, but the search for justice in the OneCoin case continues. đĄïžđ
This article highlights the significant legal action taken against Ruja Ignatova, the âCryptoqueen,â and her associates, as part of ongoing efforts to address the massive OneCoin fraud.
$BTC
#BTCâ #Bitcoinâ #CryptoNewss #queen_cryptoNews #CryptoMarketMoves
The Rise and Disappearance of the âCryptoqueenâ đđ”ïžââïž
Ruja Ignatova shot to global notoriety as the face of OneCoin, a cryptocurrency project that promised massive returns and revolutionary technology. đđ Launched in 2014, OneCoin drew in billions from investors worldwide, only to be exposed as a Ponzi scheme with no real blockchain or legitimate currency backing it. đžâ
Ignatova disappeared in 2017, evading authorities and becoming one of the worldâs most wanted fugitives. Despite being added to the FBIâs Most Wanted list, her whereabouts remain a mystery, making her a symbol of one of the largest financial crimes in recent history. đ”ïžââïžđ
The UK Courtâs Decision âïžđ
The UK courtâs recent order for a global asset freeze is a significant victory for authorities pursuing justice in the OneCoin case. This freeze applies to Ignatova and several of her key associates, effectively blocking them from accessing or moving their assets worldwide. đđ«
This legal action is designed to prevent the further disappearance of funds connected to the OneCoin fraud, with the ultimate goal of recovering assets to compensate the countless victims who lost their investments. đŒđ The asset freeze is a powerful tool in international financial crime cases, helping to ensure that ill-gotten gains are preserved for potential restitution. đđ”
Impact on Victims and the Crypto World đđą
For the victims of the OneCoin scheme, the global asset freeze offers a ray of hope that they might eventually see some of their money returned. đđž The case also serves as a stark reminder of the risks involved in the cryptocurrency space, especially when dealing with unregulated projects that promise unrealistic returns. đâ
The OneCoin saga has sent shockwaves through the crypto industry, highlighting the urgent need for stronger regulations and investor protections to prevent similar scams in the future. đ§đ It also showcases the challenges faced by law enforcement in tackling cross-border financial crimes, particularly those involving digital currencies. đđ»
What Lies Ahead? đđš
As legal proceedings against OneCoinâs operators continue, the world watches closely. Authorities from multiple countries are collaborating to track down any remaining assets and bring those responsible to justice.
âïžđ However, the journey toward full accountability and restitution for victims is far from over and is likely to be a long and complicated process. âłđ
The UK courtâs global asset freeze is a pivotal moment in the fight against one of the most notorious crypto frauds ever, but the search for justice in the OneCoin case continues. đĄïžđ
This article highlights the significant legal action taken against Ruja Ignatova, the âCryptoqueen,â and her associates, as part of ongoing efforts to address the massive OneCoin fraud.
$BTC
#BTCâ #Bitcoinâ #CryptoNewss #queen_cryptoNews #CryptoMarketMoves
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Cryptoqueen: How this woman scammed the world, then vanished
The story of the "Cryptoqueen" is both intriguing and cautionary. Dr. Ruja Ignatova, known as the Cryptoqueen đ, is the infamous figure behind OneCoin, a cryptocurrency scam that defrauded investors worldwide out of billions of dollars đž.
How She Did It:
Dr. Ruja Ignatova founded OneCoin in 2014, promoting it as a revolutionary digital currency that would rival Bitcoin đ. She marketed OneCoin through a multi-level marketing scheme, attracting investors by promising massive returns and leveraging flashy events and high-profile endorsements đ. The company claimed that OneCoin was a mined cryptocurrency, though in reality, it had no blockchain technology backing it.
The Scam Unravels:
Despite numerous warnings and red flags đ© from financial authorities and experts, OneCoin amassed billions of dollars from investors around the globe đ. The façade began to crumble as investigations revealed that OneCoin was a Ponzi scheme. The value of OneCoin was not determined by market supply and demand but was arbitrarily set by the company. Investors could not trade OneCoin on any independent exchange, further exposing the scam.
The Vanishing Act:
In October 2017, as authorities closed in, Dr. Ruja Ignatova disappeared đ”ïžââïž. She missed a planned appearance at a OneCoin event in Lisbon, and her whereabouts have remained unknown since. Reports suggest she may have fled with significant sums of money đ°, possibly using a variety of aliases and disguises to evade capture.
Aftermath:
In the wake of her disappearance, several of her associates were arrested đ, and OneCoin operations were shut down. Victims of the scam have continued to seek justice âïž, but recovering their lost investments has proven challenging.
The story of the Cryptoqueen serves as a stark reminder of the risks associated with investing in the unregulated world of cryptocurrencies and the importance of due diligence đĄïž.
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đđđ
$BTC
$ETH
$SOL
#queen_cryptoNews #scamriskwarning #LADYS #ETH_ETF_Approval_23July #ETHETFsApproved
How She Did It:
Dr. Ruja Ignatova founded OneCoin in 2014, promoting it as a revolutionary digital currency that would rival Bitcoin đ. She marketed OneCoin through a multi-level marketing scheme, attracting investors by promising massive returns and leveraging flashy events and high-profile endorsements đ. The company claimed that OneCoin was a mined cryptocurrency, though in reality, it had no blockchain technology backing it.
The Scam Unravels:
Despite numerous warnings and red flags đ© from financial authorities and experts, OneCoin amassed billions of dollars from investors around the globe đ. The façade began to crumble as investigations revealed that OneCoin was a Ponzi scheme. The value of OneCoin was not determined by market supply and demand but was arbitrarily set by the company. Investors could not trade OneCoin on any independent exchange, further exposing the scam.
The Vanishing Act:
In October 2017, as authorities closed in, Dr. Ruja Ignatova disappeared đ”ïžââïž. She missed a planned appearance at a OneCoin event in Lisbon, and her whereabouts have remained unknown since. Reports suggest she may have fled with significant sums of money đ°, possibly using a variety of aliases and disguises to evade capture.
Aftermath:
In the wake of her disappearance, several of her associates were arrested đ, and OneCoin operations were shut down. Victims of the scam have continued to seek justice âïž, but recovering their lost investments has proven challenging.
The story of the Cryptoqueen serves as a stark reminder of the risks associated with investing in the unregulated world of cryptocurrencies and the importance of due diligence đĄïž.
Do you wont to buy the digital gold???
Tap Here
đđđ
$BTC
$ETH
$SOL
#queen_cryptoNews #scamriskwarning #LADYS #ETH_ETF_Approval_23July #ETHETFsApproved
