Authorities Arrest Mixer Operator 10 Years Later With Blockchain Analysis – April 29

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $54,422

Bitcoin price spiked above $56,000 on some exchanges today, after rumors involving Facebook. Price has dropped back down since the rumors were proven wrong, with BTC sitting back at around $54,000.

Top-20 altcoins are looking steady as Ethereum and XRP each rise 3%, and Cardano leads with a 7% gain.

Top Stories for April 29, 2021 πŸ”₯

πŸ‘‰ Authorities Arrest Mixer Operator 10 Years Later With Blockchain Analysis

The alleged mastermind behind a historical Bitcoin mixing service has been arrested by authorities, 10 years after it was founded.

Roman Sterlingov founded the platform in 2011 and is being charged with laundering over 1.2 million Bitcoin during the time he ran the platform.

Community members have emphasized that the story is a reminder that all Bitcoin activity is recorded on its public ledger forever.

πŸ‘‰ Paxos Secures $300M In Funding, Looking To Onboard More Clients

Paxos, the company powering PayPal’s cryptocurrency platform, has raised $300 million in new funding to assist in onboarding new major clients.

The Series D funding round was led by Oak and values Paxos at $2.4 billion. It is currently awaiting full clearance from the SEC to operate as a clearing agency.

πŸ‘‰ Binance Stock Tokens May Violate European Securities Rules

BaFin, a financial supervisory authority in Germany, has issued a warning that Binance’s new stock tokens may violate European securities laws.

The tokens track the movements of shares in well-known companies such as Tesla and MicroStrategy, but may be punishable with a fine of up to $6 million.