BITCOIN

The interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison. The department wants to introduce criminal liability for the activities of these people, also known as ‘droppers.’ Law Enforcement in Russia Targets Droppers Involved in Fraudulent Crypto Schemes The Ministry of Internal Affairs of the Russian Federation ( MVD ) and other security agencies are hoping to introduce criminal liability for citizens providing assistance to scammers that exploit the popularity of cryptocurrency investments. Law enforcement officials say they have been registering a growing demand for the services of so-called “droppers” — people who are willing to help crypto fraudsters with laundering illegally obtained funds, Russian crypto news outlet Bits.media reported. A dropper is usually someone who was offered to accept illicit funds to their bank account or crypto wallet. The person can then buy cryptocurr

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has advised investors not to miss “the greatest sale on earth.” He said asset prices are crashing and indicated that he is waiting in cash position to pick up bargains, including bitcoin. Robert Kiyosaki Waiting to Buy Bitcoin The author of Rich Dad Poor Dad, Robert Kiyosaki, reiterated this week that he is waiting to buy bitcoin, emphasizing that “the Greatest Sale on Earth” is coming as asset prices are crashing. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Noting that his “Favorite 4-letter word is SALE,” Kiyosaki tweeted Monday: Asset bubble found a Pin. Asset prices crashing. In cash position waiting to pick up bargains especially in real estate and bitcoin … Do not miss the Greatest Sale

Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the bank’s economists said. US Economy Heading Into a Recession This Year, Says Bank of America Bank of America’s economists now expect a recession in the U.S. this year. In a report published Wednesday, they explained: “Our previous baseline outlook for the U.S. economy featured a growth recession. But a number of forces have coincided to slow economic momentum more rapidly than we previously expected.” The analysts added: We now forecast a mild recession in the U.S. economy this year. They considered factors such as inflation from food and energy prices, tighter financial conditions, and higher mortgage rates. Bank of America estimated in June that there was a 40% chance of a U.S. recession next year. The economists now expect the fourth-quarter U.S. gross domestic product to decline

Bitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. Volatility in crypto markets came as data released showed that inflation in the United States had risen to its highest level in over four decades. ETH also briefly rose above $1,100. Bitcoin BTC was marginally higher on Thursday, as prices rallied following a turbulent 24 hours of trading, which saw prices fall below $19,000. Following this drop, the world’s largest crypto token climbed, hitting a peak of $20,361.12 earlier in the day. Volatility in the market comes following the release of June’s inflation data, which gained by 1.3%, and now sits at 9.1%. Bitcoin traders now expect the Fed to hike rates by another 75 basis points later this month, which could further impact prices. As of writing, BTC /USD is now trading at $19,801.76, which although being lower than earlier highs, is still above yesterday’s floor at $18,999.95. Like on Wednesday, the 14-day RSI remains below

Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently filed for bankruptcy protection: Voyager Digital and Three Arrows Capital (3AC). Celsius Follows Voyager, Files for Chapter 11 Bankruptcy Crypto lender Celsius Network announced Wednesday that it has “filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.” Alex Mashinsky, CEO and co-founder of Celsius, commented: This is the right decision for our community and company. The company stated that the bankruptcy filing aims “to provide the company with the opportunity to stabilize its business and consummate a comprehensive restructuring transaction that maximizes value for all stakeholders.” Noting that it will continue to operate, the company explained: “Celsius has $16

Popular BTM operator, Bitcoin of America, is changing the way we think about the cryptocurrency industry. Bitcoin of America is a virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). They currently have 2,500 plus Bitcoin ATM locations across 31 states. They offer Bitcoin, Litecoin, Ethereum, Dogecoin, Shiba Inu, and Bitcoin Cash options to purchase in major cities. Bitcoin of America has made some major updates to their customer support services. The popular operator recognized the struggle that many customers go through when they are new to the cryptocurrency industry and decided it was time to change their approach. Bitcoin of America has a quick response time and a high answer rate. This has made it a breeze for customers since they typically never have to wait in a call line. They even provide their customers with real Bitcoin expert agents, unlike many operators in the industry. Bitcoin of America’s