Article: Crypto Liquidations Top $2.4 Billion in 24 Hours

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Crypto Liquidations Top $2.4 Billion in 24 Hours

Martin Young, 17 May 2021

According to data from ByBit, there has been $2.38 billion in total liquidations over the past 24 hours. Over half of that total, or $1.26 billion, has been from bitcoin positions as the asset has continued its free fall.

The largest day for Bitcoin long position liquidations was on April 17, 2021, a few days after its all-time high when over $9 billion disappeared. April 22 and May 12 also saw large Bitcoin liquidation figures according to derivatives exchanges.

Datamish has revealed that $34 million in longs have been liquidated on BitMEX over the past 24 hours and 417 BTC was liquidated on Bitfinex. Continue reading “Article: Crypto Liquidations Top $2.4 Billion in 24 Hours”

Article: Freeman considered flight risk, remains locked up

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Freeman considered flight risk, remains locked up

Damien Fisher,  30 March 2021

CONCORD, NH – Free Keene leader Ian Freeman isn’t getting out of prison pending trial on federal money laundering charges after Judge Andrea Johnstone found he is a flight risk, and he poses a risk to the community.

Part of the allegations against Freeman is that he was laundering money through his Bitcoin business and Shire Free Church that criminal scammers got through various crimes. Johnston writes that Freeman knew for years his business was under investigation and that did not stop him from allegedly doing more harm. Continue reading “Article: Freeman considered flight risk, remains locked up”

Article: Free Keene leaders arrested for money laundering in FBI raids; illegal Bitcoin exchange alleged

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Free Keene leaders arrested for money laundering in FBI raids; illegal Bitcoin exchange alleged

Damien Fisher and Josie Albertson-Grove, 16 March 2021

Six people involved with the libertarian Free Keene group are facing charges — including wire fraud and money laundering — related to an unlicensed cryptocurrency exchange that federal prosecutors said processed some $10 million since 2016.

Prosecutors say the six people ran an unlicensed online exchange that let people swap dollars for Bitcoin, and collected fees for their service.

The six charged are Ian Freeman (formerly Ian Bernard), 40, of Keene; Colleen Fordham, 60, of Alstead; Renee Spinella, 23, of Derry; Andrew Spinella, 35, of Derry; Nobody (formerly Richard Paul), 52, of Keene; and Aria DiMezzo, 34, of Keene, who ran for Cheshire County sheriff in 2020.

The cryptocurrency exchange used bank accounts that purported to be for churches, lied to banks and told customers to lie to banks to keep up the ruse, prosecutors said in an indictment.

Beginning in the spring of 2016, prosecutors said, the group opened bank accounts for the Shire Free Church, the Crypto Church of New Hampshire, the Church of the Invisible Hand and the Reformed Satanic Church.

Freeman told the Union Leader earlier this year that the Bitcoin transaction business funds the activities of the Shire Free Church.

Freeman said one of his bank accounts was frozen last year as part of an investigation. He acknowledged there is fraud in the Bitcoin world, but said he was not part of that type of business.

“I’ve got what I think are pretty good procedures,” he said.

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Article: GameStop shares halve

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GameStop shares halve

Shah Husain Imam, 03 February 2021

GameStop Corp shares more than halved in value on Tuesday and silver prices retreated as the Reddit-driven trading frenzy that roiled stock and commodity markets appeared to fizzle, at least for now.

The videogame retailer’s shares, whose wild gyrations have made or lost billions of dollars for hedge funds and other investors in recent weeks, closed down 60 per cent at $90. They are now worth less than a fifth of their high of $483 last week, reports Reuters. Continue reading “Article: GameStop shares halve”