Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

HashFlare Co-Founders Plead Guilty in $577M Crypto Mining Ponzi Scheme

The co-founders of Hashflare, a crypto mining ponzi scheme that stole $577 million from hundreds of thousands of investors around the world, both pleaded guilty on Wednesday to conspiracy to commit wire fraud. Sergei Potapenko and Ivan Turõgin, both 40, were arrested in their native Estonia in November 2022 and extradited to the U.S. on an 18-count indictment. Yesterday, both men pleaded guilty to one count each of conspiracy to commit wire fraud, which carries a maximum sentence of 20 years in prison. Between 2015 and 2019, Potapenko and Turõgin convinced Hashflare’s investors to rent a percentage of the scheme’s crypto mining operations in exchange for a percentage of the cryptocurrency Hashflare produced. But, according to court documents, Hashflare had only a tiny fraction of the mining equipment it purported to have – less than 1% of the computing power Potapeno and Turõgin had sold. When investors tried to claim their proceeds, prosecutors say the two men either resisted making payments by making excuses or paid them back with crypto purchased on the open market. Read more: Two Estonians Charged With Running a Series of Crypto Scams Totaling $575M Potapenko and Turõgin’s lawyers say that none of Hashflare’s investors suffered financial harm, telling CoinDesk that the men’s only crime was lying about the size of Hashflare’s mining operation. “Ivan and Sergei ran successful businesses, providing real services, employing almost 100 Estonians, and doing charitable work in Estonia. As Ivan admitted [Wednesday], one of his and Sergei’s businesses promised to mine crypto and did in fact mine crypto, but not as much as it had promised; instead, it sometimes repaid customers with crypto it had purchased on the open market,” said Andrey Spektor, partner at Norton Rose Fulbright US LLP and counsel to Turogin. “Importantly, however, as we will show at sentencing, no customer has suffered any harm. Ivan and Sergei look forward to returning to Estonia and resuming their lives.” According to court documents, the men used their victim’s money to make dozens of real estate investments and purchase luxury cars. As part of the plea agreement, Potapenko and Turõgin agreed to forfeit assets valued over $400 million, which will be used to pay back investors. Potapenko and Turõgin will be sentenced in a Seattle court on May 8. BitcoinSistemi

---

Move Over, Dogecoin: DOGE Plummets 22% This Week, Why RBLK is The Better Investment in 2025!

The post Move Over, Dogecoin: DOGE Plummets 22% This Week, Why RBLK is The Better Investment in 2025! appeared first on Coinpedia Fintech News The turbulence of the past few days has triggered some investors to reconsider their allocations, especially as Dogecoin experienced a steep 22% dip. Traders who once championed the meme-fueled coin are now on the lookout for the best crypto to buy now. A surprising frontrunner has emerged: Rollblock (RBLK) . Below, we explore why RBLK’s grounded fundamentals outshine the uncertain path facing the once-beloved DOGE. RBLK’s Blueprint for Sustainable Gains Rollblock’s most compelling characteristic is its transparent and financially rewarding ecosystem. Investors have taken notice of the platform’s GambleFi model, which combines revenue sharing with a broad array of online casino games. By leveraging up to 30% of the casino’s weekly profits to buy back tokens, RBLK cuts down on supply and channels direct value to holders. This approach entices both gamblers and speculative investors who deem RBLK the best crypto to buy now for its consistency and real-world utility. Early adopters poured in over $10 million during the presale , further validating Rollblock’s potential. Instead of pinning hopes on memes or fleeting social media hype, the RBLK token connects its worth to genuine cash flow. In a landscape where quick dips have become the norm, Rollblock offers a sustainable approach that feels more resistant to panic selling. Dogecoin’s Slump: More Than Just a Phase While Dogecoin has always been subject to swings, the current situation stands out. The coin’s market cap tumbled from $60 billion to $37 billion over the last three months. This reflects a worrying trend of diminishing confidence, particularly as on-chain data suggests that volume dipped dramatically. Trading activity dropped from $40 billion in November to just $1.47 billion recently. One underlying issue is DOGE price volatility. Having slipped below key support at $0.31, DOGE price might soon approach $0.20 or even lower if investor sentiment worsens. Metrics like the Relative Strength Index (RSI) point toward decreased demand, and the Awesome Oscillator (AO) echoes a similar bearish stance. Combine these signals with dropping market participation, and the outlook for DOGE price remains bleak. DOGE once soared on the hype surrounding the Department of Government Efficiency and a rumored Trump administration boost for meme coins. However, as that enthusiasm tapers off, more traders now question whether Dogecoin still qualifies as the best crypto to buy now or if it’s a fading favorite prone to bigger declines. How RBLK Tops the Meme Sensation If hype has historically lifted DOGE, Rollblock is all about delivering consistent returns. While DOGE price rides a wave of sentiment, RBLK introduces tangible staking rewards and a burn mechanism to raise scarcity. This direct tie to casino revenues is a fresh concept, particularly appealing to those wary of relying purely on crowd psychology. Additionally, RBLK’s early presale success indicates real demand from a diverse group of participants. The same cannot be said for Dogecoin, where waning confidence spells trouble for its user base. Conclusion Once the darling of speculative traders, Dogecoin is losing traction amid a 22% drop that emphasizes its fragility. The imbalance between hype and utility drives many to rethink their positions. While DOGE struggles with sliding volume and a falling market cap, RBLK demonstrates stability and growth potential. For 2025, those hunting for the best crypto to buy now should look past the meme meltdown and consider Rollblock’s strong fundamentals. Discover the exciting opportunities of the Rollblock (RBLK) presale today! Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino BitcoinSistemi