Terraform Labs co-founder Do Kwon has pleaded “not guilty” to the numerous criminal charges levied against him in the United States. This includes securities fraud and money laundering conspiracy, all brought upon him by federal prosecutors in Manhattan. Since the crypto firm plunged in 2022, Kwon has been accused of playing a major role in misleading investors. Do Kwon Misled Crypto Investors He failed to reveal the true state, stability, and security of the US dollar-pegged stablecoin TerraUSD. Instead, he informed unsuspecting investors that TerraUSD’s price slip could be addressed by an algorithm known as the “Terra Protocol.” To cover up for his deceit, Kwon allegedly allied with a high-frequency trading firm to inject millions into the ecosystem to sustain TerraUSD’s value artificially. Unfortunately, it did not turn out as he expected. TerraUSD crashed intensely and left the broader cryptocurrency industry in a huge deficit. In other words, it rippled over and led to the devaluation of Luna and widespread disruptions across the cryptocurrency market. Do Kwon’s Extradition Causes a Ruckus So far, the Terraform Labs executive has been faced with a series of legal proceedings. A few back and forth have occurred in the past few months concerning his extradition. While he committed fraud in South Korea, Kwon was arrested in Montenegro for traveling on a fake passport. Hence, many discussions have been held about his extradition. Last week, Montenegro’s Constitutional Court reportedly dismissed his appeal , citing some legal inconsistencies. For background, Do Kwon appealed his extradition to Montenegro and accused the court of procedural unfairness and violations of his rights. Montenegro Court Rules in Favour of US In the following days, Montenegro’s Justice Minister, Bojan Božović, signed off on Kwon’s extradition in favor of the US. The authorities have devoted time and resources to evaluating requests from both the United States and South Korea. As part of this review, factors like the seriousness of the crimes and the order of requests were considered. Do Kwon’s extradition add to the growing list of legal actions levied on top crypto leaders? Former FTX CEO Sam Bankman-Fried is serving his 25-year jail term at a federal prison in Mendota, California. Though he pleaded “not guilty,” his conviction could lead to an extension of his prison sentence. The post Terraform’s Do Kwon Pleads Not Guilty to Fraud Charges In US appeared first on TheCoinrise.com .
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STELLAR PRICE ANALYSIS & PREDICTION (January 4) – XLM Sustains Buy as Volatility Increases, Potential Breakup Ahead
Along with several altcoins, XLM posted notable gains since the start of the year and is now bouncing back on a daily scale. It appeared to have finished correction while the bounce indicates signs of bullish. Ending a month’s correction at the $0.32 level earlier this week, XLM mounted support above the mentioned level and the price bounced back. At first, buying pressure was low but altcoin recovery later became strong daily as the market started the new year on a bullish note. Though XLM was not left behind in the move as it saw an interesting 10% increase since yesterday. From a technical standpoint, the bulls are back in the market and without any doubt, we can anticipate a bigger price movement in the next few days. However, the $0.50 level might pose a little threat on the way up. A successful breakout of this high should signal a bigger upward movement and at the same time validate more growth on a daily scale. Looking at the price actions, there’s currently no room for a drop. However, if the bears show up again, we may see a slight reduction before rising back. But as it stands, the bulls appear to have the upper hand. For this reason, bigger growth should be expected in the next few days. XLM’s Key Level To Watch Source: Tradingview The potential obstacle for the bulls right now is a minor $0.51 resistance, followed by $0.63. If the price breaks higher, the next resistance level may surface around $7 in the near term. A drop from the current trading level could allow a retest at $0.414. Below this level lies the $0.32 and $0.27 supports in case of a breakdown. Key Resistance Levels: $0.51, $0.63, $0.7 Key Support Levels: $0.414, $0.32, $0.27 Spot Price: $0.449 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! The Coin Rise
Remittix (RTX) Races Past $1M During Presale, Traders Forecast $1 Price Target In 2025
Crypto presale investment opportunities offer the biggest possible gains. Ask anybody who bought into Solana at its presale prices or very early into its lifecycle, and you’ll know this to be the truth. The trouble is that given the glut of crypto presale opportunities, it could be a lot like finding a needle in a haystack. But like anything, the only way to find out whether an investment opportunity is a blue chip is to do your own research and see for yourself. In 2025 one crypto presale investment opportunity distinguishes itself as a real gem: Remittix , which some analysts believe could become XRP 2.0. Here’s why the smart money is taking out big positions in Remittix this year and has seen over $1 million raised in just over a week! Crypto presales: The smart money’s choice Imagine if you had the chance to buy Ethereum during its presale for a fraction of a dollar. Or Solana, BNB, or Dogecoin when they were available at their historic all-time lows. But it’s no use crying over spilled milk. Luckily, hope springs eternal in the cryptosphere’s breast and the crypto presale opportunities are abundant. The next 100x is just around the corner and the next strong candidate looks to be Remittix . Remittix: Enabling fast, secure crypto-to-fiat transactions like no other Crypto has been derided as something less than legal tender. Save for a handful of jurisdictions, most users need to sell their crypto for fiat on a third-party exchange or P2P transaction—and take on extra exchange fees—before they can use it to buy items. That is, until the arrival of Remittix. Remittix enables users to use crypto to perform direct bank-to-bank deposits in over 40 fiat currencies. This enables merchants, sellers, and buyers to perform cross-border crypto-to-fiat without exorbitant fees, long delays, and excessive paperwork. Remittix enables merchants to pay their suppliers in the latter’s native currency directly to their bank account instantaneously, without friction, and at a negligible cost. With Remittix, users don’t have to worry about the existing circuitous and impractical paradigm of having to manually go through various exchanges, P2P transactions, or swaps before they can use their crypto to pay in fiat—the receiver gets their payment in their native currency directly in their bank account. Remittix’s unique value proposition can be a real game-changer in the existing global supply chain—which could translate into massive growth for its native token $RTX. No other protocol democratizes global trade and levels the playing field like Remittix does, making it one of the hottest crypto presale investment opportunities of 2025. Missed out on 2024 gains? Don’t miss out on the Remittix crypto presale The best part about Remittix is that it’s just in its presale phase so if you’ve missed out on the gains last year, don’t miss out on one of the microcap blue chips of the 2025 bull cycle. With current token prices at just $0.0177, Remittix tokens are available at a significant discount and good value to turn in parabolic growth this year. It’s been suggested that the RTX token will launch at a minimum price of $0.135 marking a huge return for early adopters! Alongside this utility never goes out of style—and with Remittix’s ability to change the way the world conducts business, it’s all just a matter of time before it moons. Join the Remittix (RTX) presale and community: Join Remittix (RTX) Presale Join the Remittix (RTX) Community The Coin Rise