Cryptocurrency
Justice minister defends Milei in Libra case
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Justice Minister Juan Bautista Mahiques defended President Javier Milei in the $LIBRA case, calling it “imprudent” to attribute crimes to him. Critics like Carlos Maslatón and Carlos Bianco sharply questioned Milei and his circle over alleged evidence in the probe. Milei backed Manuel Adorni in Córdoba without mentioning the scandal.
Six people aged 17 to 20 have been placed under judicial examination in Paris on Friday for their alleged involvement in the kidnapping of a mother and her 11-year-old son over cryptocurrencies, which occurred on Monday in Yonne. The victims were freed on Tuesday by the GIGN in Val-de-Marne. Prosecutors requested their pre-trial detention.
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Four men have been sentenced to six years in prison for an aggravated robbery in Tobo, northern Uppland. A family was bound, subjected to a mock execution, and forced to transfer cryptocurrency worth 2.5 million kronor. The robbery was interrupted after 1.5 hours when one victim alerted relatives.
The XRP token has traded in a narrow range over the past 30 days, with demand from Wall Street investors showing signs of decline. Spot XRP exchange-traded funds (ETFs) recorded outflows for the first time since their launch in November, shedding over $26 million in assets this month. Despite this, technical indicators suggest the cryptocurrency may be in an accumulation phase according to the Wyckoff Theory, potentially setting the stage for a bullish breakout.
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South Korea's National Tax Service has started preparations to build a tracking system for taxing cryptocurrency investment gains, aligning with the government's expansionary fiscal policy and revenue needs. The system is being developed ahead of tax collection on virtual asset profits beginning January next year. The 3 billion won project, now open for bids, will use AI to analyze transaction data.
The Texas Department of Banking has issued a consent order against Chicago-based cryptocurrency kiosk operator CoinFlip for conducting unlicensed money transmission. The company must pay over $40,000 and halt transactions until licensed. This follows prior violations and a merger-related issue.
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Derivatives markets indicate that bitcoin could rise 14% to $80,000 by the end of June, according to analysis from Derive.xyz. This optimistic outlook persists amid escalating geopolitical tensions in the Middle East. MicroStrategy has added to its holdings by purchasing $1.3 billion worth of bitcoin.
Hong Kong regulator urged to expand stablecoin rules after cautious roll-out
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