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UK National Crime Agency Officer Stole 50 Bitcoin (BTC) in 2017, Prosecutor Alleges

United Kingdom prosecutors allege an officer working for the country’s National Crime Agency (NCA) stole 50 Bitcoin ( BTC ) back in 2017. The Crown Prosecution Services authorized Merseyside Police to charge NCA officer Paul Chowles with 11 counts of concealing, disguising, or converting criminal property, three counts of acquiring, using or possessing converting criminal property and a single count of theft. The 50 BTC was priced at £60,000 ($77,658) back in 2017 and is worth £3.26 million ($4.2 million) at time of writing. Chowles, 42, is set to appear at Liverpool Magistrates’ Court on April 25th. The officer’s charges materialized less than a year after new UK legislation granted additional crypto-related powers to the NCA and police. The expanded powers enable UK authorities to seize crypto from “sophisticated criminals” who remain anonymous or are based overseas. The police are also empowered to seize physical items related to crypto investigations, like flash drives and written passwords. Additionally, UK police are now allowed to destroy a crypto asset “if returning it to circulation is not conducive to the public good,” and victims of crypto crime will be empowered to apply for the return of digital assets stolen from them. Chief Crown Prosecutor Adrian Foster argued last year that the expanded powers were necessary in an era when criminals are leveraging crypto technology. “Crypto assets are often used by criminal gangs to launder their criminal profits internationally at the touch of a button. It is vital that investigators and prosecutors have the capability and agility to keep pace with this changing nature of crime, [and] these new measures will greatly assist our ability to restrain, freeze, or eliminate crypto assets from illegal enterprise.” Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post UK National Crime Agency Officer Stole 50 Bitcoin (BTC) in 2017, Prosecutor Alleges appeared first on The Daily Hodl . The Daily Hodl

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Cardano (ADA) Is About to Break Free: Here’s What Happened

Cardano (ADA) might be poised for a significant price movement as technical indicators suggest an imminent breakout from a consolidation pattern. Analysts and traders have closely monitored the asset’s price action. According to prominent chartist, Ali, recent developments indicate that ADA is gearing up for a notable 15% move. The Technical Setup ADA has been trading within a symmetrical triangle pattern, a formation that typically precedes a breakout in either direction. This pattern is characterized by converging trendlines, signaling decreasing volatility as the asset prepares for a bullish move. ADA is attempting to break through the upper limit of the triangle, a key resistance level that must be overcome for further growth. If bulls push the price above this zone with strong volume confirmation, the breakout could trigger a rapid 15% rally. On the flip side, a failure to break above resistance could lead to a retest of lower support levels before another attempt at an upward push. #Cardano $ADA is about to break free! Busting out of this triangle will trigger a 15% price move. pic.twitter.com/HrKEdaA96Q — Ali (@ali_charts) March 14, 2025 Market Sentiment and Fundamental Catalysts Beyond technical factors, Cardano’s fundamentals are also contributing to a potential price surge. The network has witnessed increased development activity, with upgrades and new projects reinforcing its long-term value proposition. One of the key drivers behind ADA’s bullish sentiment is the growing adoption of Cardano-based decentralized applications (dApps) and smart contracts. The network’s scalability and efficiency improvements, including Hydra layer-2 solutions, have enhanced its competitiveness in the blockchain space. Furthermore, Cardano’s ecosystem continues to expand, with rising total value locked (TVL) in DeFi protocols. This reflects growing investor confidence and the increased utility of the ADA token. As the network attracts more users, the demand for ADA rises, creating upward pressure that could propel the anticipated breakout. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Broader Market Conditions and ADA’s Correlation Cardano’s price is also subject to the fluctuations of the overall cryptocurrency market, making it vulnerable to broader market trends and sentiment. Bitcoin’s price movements continue to exert significant influence, as altcoins like ADA tend to mirror Bitcoin’s trends during periods of strong upward or downward momentum. If Bitcoin sustains its upward trajectory, ADA’s breakout chances increase significantly. Macroeconomic factors like Federal policies, inflation, and risk appetite impact crypto markets. A positive economic backdrop could further fuel ADA’s potential 15% rally. A Defining Moment for Cardano (ADA) Cardano has reached a critical juncture, as technical and fundamental signals converge to suggest a potential price breakout . If ADA successfully breaches the upper boundary of the symmetrical triangle with robust volume, a 15% rally could materialize in the short term. However, traders should remain cautious of potential fakeouts and monitor Bitcoin’s performance for confirmation. Cardano’s bullish outlook is supported by growing adoption, ongoing upgrades, and improving market sentiment. As the crypto market watches closely, ADA could be on the brink of a key price movement that reaffirms its strength in the ever-evolving blockchain landscape. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Cardano (ADA) Is About to Break Free: Here’s What Happened appeared first on Times Tabloid . The Daily Hodl