1 days ago
A California man was sentenced to more than seven years behind bars on charges related to operating an underground drug-trafficking market powered by Bitcoin ( BTC ) transfers. Federal prosecutors say John Khuu illegally imported counterfeit pharmaceutical and MDMA pills from Germany and subsequently used dark web markets to distribute the illicit substances to customers across the US. Khuu, 29, was paid in Bitcoin and other crypto assets, which he and his co-conspirators exchanged for US currency that was then laundered and transmitted to dozens of different accounts. The California resident was indicted in May 2022 in the Eastern District of Texas and charged with conspiracy to commit money laundering. Three months later, Khuu was also indicted in the Northern District of California and charged with unlawful importation of a Schedule I controlled substance. He was arrested by agents in Garden Grove, California a few days after the second indictment. Khuu’s arrest was the result of “ Operation Crypto Runner ,” a multi-agency law enforcement effort that resulted in a batch of charges filed against 21 individuals for their alleged involvement in transnational money laundering networks. Last year, Khuu pled guilty to conspiracy to commit money laundering, conspiracy to operate an unlicensed money-transmitting business and importation of MDMA. This week, U.S. District Judge J. Campbell Barker sentenced him to 87 months in federal prison. 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 California Man Sentenced to More Than Seven Years in Prison on Charges Related to Bitcoin-Facilitated Drug Market appeared first on The Daily Hodl .
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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.
With Cardano (ADA) Facing a `Death Cross` and Bulls Seeking a Comeback; XRP’s 4-Day Gain Sparks Community Optimism - Next ADA & XRP Price Moves
Cardano grapples with a bearish signal, while XRP enjoys a brief surge. Crypto enthusiasts watch closely for the next price shifts. Will ADA`s sluggish trend reverse, or can XRP sustain its momentum? Discover insights into the potential price movements of these popular coins in this detailed analysis. Cardano`s Six-Month Surge vs. Recent Pullback Price slid about 6 percent over the past month while recording a striking 122% gain over the past six months. The coin experienced a temporary downturn that contrasts with its impressive long-term growth. Historical performance reflects a shift from minor short-term weakness to robust upward momentum in recent months. Current prices hover between $0.4443 and $0.8893. Immediate resistance is set near $1.15, while support is identified around 0.26. Bears exert some control in the short term with mixed indicators like an RSI of 48.11, suggesting no clear trend yet. Trading strategies might target moves within these levels, awaiting clearer trends to confirm a bullish reversal. Upward Surge Amid Mixed Short-Term Performance XRP experienced a minor decline of 0.72% over the past month, yet it recorded an impressive six-month surge of 329.99%. Recently, a one-week increase of 2.89% suggests a potential bounce back, following a brief selloff. This half-year gain indicates strong momentum amidst market volatility, highlighting the dynamic trading environment surrounding the coin. Currently, XRP is trading between $1.60 and $2.88, with resistance at $3.61 and support at $1.06. The market shows a balance between bulls and bears, as the RSI remains around 52 and oscillators signal a slight negative trend. Traders could explore buying near support levels while monitoring for a breakout toward the $3.61 resistance. Conclusion ADA is facing a tough time with a potential downturn, while XRP shows a short-term rise. Both coins have active communities hoping for bullish moves. ADA needs strong support to avoid further decline. XRP`s recent gains have lifted spirits, but sustaining momentum is key. The next few days will be crucial. Monitoring market trends and investor behavior can provide insights into the future direction for both ADA and XRP. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. The Daily Hodl
Investors Must Navigate Volatile Altcoin Landscape for Better Returns
The cryptocurrency market is recovering but remains highly volatile. Investors need to assess altcoins that are underperforming. Continue Reading: Investors Must Navigate Volatile Altcoin Landscape for Better Returns The post Investors Must Navigate Volatile Altcoin Landscape for Better Returns appeared first on COINTURK NEWS . The Daily Hodl
