cryptocurrency
Cryptocurrency
“Out of that $1.3 (million), half a million dollars went to the IRS, and a few hundred thousand dollars went to a home remodel that the Lord told us to do,” he said in the video, noting that God appeared to him in a dream and gave him advice on how to run the cryptocurrency exchange.< https://agacollege.org/ /p>
“So, the charges are that Kaitlyn and I pocketed $1.3 million and I just want to come out and say that those charges are true,” he said in the video. “There has been $1.3 million that has been taken out of a total of $3.4 million. Out of that, half of a million dollars went to the IRS and a few hundred thousand dollars went to a home remodel that the Lord told us to do.”
Eli Regalado, a pastor in Denver, Colorado, and his wife, Kaitlyn Regalado, “created, marketed and sold a cryptocurrency known as the ‘INDXcoin’ to members of the Christian community,” according to a statement from the Colorado Division of Securities. “The INDXcoin was also offered through the Kingdom Wealth Exchange (KWE), an online cryptocurrency exchange that they created, controlled and operated.”
“The red flags were their expenses for personal purposes,” Ioana Dobra, a fraud investigator with the Colorado Division of Securities, said of an audit of the Regalados’ bank accounts. “Jewelry purchases, vacations, airline tickets, clothing, and home remodeling.”
“We allege that Mr Regalado took advantage of the trust and faith of his own Christian community and that he peddled outlandish promises of wealth to them when he sold them essentially worthless cryptocurrencies,” the Colorado securities commissioner, Tung Chan, said in Thursday’s statement, adding that consumers should remain “very skeptical”.
China cryptocurrency
Security is paramount when choosing a crypto exchange, especially in China, where regulatory scrutiny is high. Traders should look for exchanges that offer robust security features such as two-factor authentication (2FA), cold storage for assets, and strong encryption protocols. Additionally, it’s important to verify that the exchange has a history of protecting user funds and data against breaches.
The Chinese government banned initial coin offerings (ICOs) in 2017 and ordered the closure of exchange platforms. Notably, the world’s largest cryptocurrency exchange, Binance, was founded in China, though it was forced to transition outside of China following the 2017 bans. Despite this ban, it is generally not illegal to hold cryptocurrency in China. In October of 2020, the People’s Bank of China issued a draft law providing legal status to the digital yuan, the central bank’s digital currency.
The threat of capital flight remains a priority for the PBOC as the Chinese economy recovers from the COVID-19 pandemic, especially as China launches its “common prosperity” campaign. Former PBOC advisor Li Daokui has warned that the relatively fast economic recovery of the US could fuel greater capital flight, as Chinese residents may be inclined to purchase assets in the US for greater financial security.
Security is paramount when choosing a crypto exchange, especially in China, where regulatory scrutiny is high. Traders should look for exchanges that offer robust security features such as two-factor authentication (2FA), cold storage for assets, and strong encryption protocols. Additionally, it’s important to verify that the exchange has a history of protecting user funds and data against breaches.
The Chinese government banned initial coin offerings (ICOs) in 2017 and ordered the closure of exchange platforms. Notably, the world’s largest cryptocurrency exchange, Binance, was founded in China, though it was forced to transition outside of China following the 2017 bans. Despite this ban, it is generally not illegal to hold cryptocurrency in China. In October of 2020, the People’s Bank of China issued a draft law providing legal status to the digital yuan, the central bank’s digital currency.
Latest cryptocurrency
Meme crypto tokens, originating from internet memes and viral concepts, embody a casual and humorous approach to cryptocurrency. Notable examples include Dogecoin (DOGE) and Shiba Inu (SHIB), which have gained prominence through their roots in internet culture. These tokens often achieve fame through the powerful influence of social media platforms and endorsements by influential figures, leading to rapid price surges driven by speculation and the fear of missing out (FOMO). The sense of community and fun associated with meme tokens further contributes to their popularity, as investors are drawn to the idea of being part of a movement or shared joke.
In the early days of cryptocurrencies, initial coin offerings (ICO) were a popular way of bringing new tokens to market. Although this involved altcoins being sold to investors, this didn’t give them an ownership stake in the project. These days, security token offerings and initial exchange offerings are much more common than ICOs.
crypto.news is a leading name in the cryptocurrency news space, providing the latest and most relevant updates on Bitcoin, Ethereum, and Ripple ecosystems. Setting the industry standard in journalism, crypto.news covers a wide array of topics ranging from Bitcoin, Ethereum, altcoins, regulations, NFTs, DeFi, Metaverse, and blockchain technology. Our reporters and technical analysts are always striving to not only be the earliest but also the most accurate to offer the latest developments in the crypto industry to our readers across the globe as we keep a close eye on all the price action in the industry, including Bitcoin price and Ethereum price. crypto.news also offers an opportunity to earn free Bitcoin through a range of Bitcoin faucets. To stay updated with the latest in Bitcoin News, Ethereum News, Ripple News, and all other developments in the digital assets industry, follow crypto.news.
Meme crypto tokens, originating from internet memes and viral concepts, embody a casual and humorous approach to cryptocurrency. Notable examples include Dogecoin (DOGE) and Shiba Inu (SHIB), which have gained prominence through their roots in internet culture. These tokens often achieve fame through the powerful influence of social media platforms and endorsements by influential figures, leading to rapid price surges driven by speculation and the fear of missing out (FOMO). The sense of community and fun associated with meme tokens further contributes to their popularity, as investors are drawn to the idea of being part of a movement or shared joke.
In the early days of cryptocurrencies, initial coin offerings (ICO) were a popular way of bringing new tokens to market. Although this involved altcoins being sold to investors, this didn’t give them an ownership stake in the project. These days, security token offerings and initial exchange offerings are much more common than ICOs.
crypto.news is a leading name in the cryptocurrency news space, providing the latest and most relevant updates on Bitcoin, Ethereum, and Ripple ecosystems. Setting the industry standard in journalism, crypto.news covers a wide array of topics ranging from Bitcoin, Ethereum, altcoins, regulations, NFTs, DeFi, Metaverse, and blockchain technology. Our reporters and technical analysts are always striving to not only be the earliest but also the most accurate to offer the latest developments in the crypto industry to our readers across the globe as we keep a close eye on all the price action in the industry, including Bitcoin price and Ethereum price. crypto.news also offers an opportunity to earn free Bitcoin through a range of Bitcoin faucets. To stay updated with the latest in Bitcoin News, Ethereum News, Ripple News, and all other developments in the digital assets industry, follow crypto.news.
