Two out of the four local residents accused of running a major fake ID ring using internet forum Reddit and Bitcoin online currency entered guilty pleas Wednesday in U.S. District Court.
Mark Alex Simon, 35, of the 4700 block of Stengel Avenue, and Aaron Kuns, 35, of the 3700 block of Delawn Drive, each pleaded guilty to charges in connection to a major national fake ID ring based out of Toledo.
Simon admitted to knowingly transferring false identification documents and to a newly filed charge of conspiracy to launder money. Kuns pleaded guilty to production of false identification documents and to the additionally filed charge of conspiracy [...]
Bitcoin’s price peaked above $9,000 for the first time in over a year earlier today, but the rally was short lived as its price returned below $8,600 just minutes later.
At 16:00 UTC, the world’s largest cryptocurrency jumped 4.6 percent from today’s UTC opening price of $8,681 and climbed as high as $9,084 – its highest price since May 10, 2018, according to CoinDesk pricing data.
However, sellers quickly halted the rally, causing the price of bitcoin to drop more than $500 to $8,548 in just 30 minutes after reaching today’s high.
In all, Messari data reveals $26.3 billion in reported bitcoin volume has traded hands so far [...]
Bitcoin prices on Wednesday traded below $3,400, hanging around the lowest level since Jan. 29.
One bitcoin, BTCUSD, +0.06% the world’s largest digital currency, was changing hands at $3,364.70, down 1.7% since Tuesday at 5 p.m. Eastern Time on the Kraken crypto exchange. The cryptocurrency reached an intraday low at $3,341.60.
Read: Jack Dorsey says bitcoin is only cryptocurrency he owns, but he isn’t saying how muchWhat are analysts saying
“Bitcoin keeps muddling along near the lows. If dip buyers are waiting to buy the dip, they are not tempted by these prices,” wrote Jani Ziedins of the Cracked Market [...]
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Market data is provided by the HitBTC exchange.
Hackers stole 913 bitcoins from Canadian cryptocurrency exchange MapleChange. Though the exchange was small, repeated news of hacks are a major deterrent to the entry of institutional investors into the crypto industry. Responsible for managing large sums of money, traditional financial organizations are unwilling to take significant risks.