British Metropolitan Makes Huge Announcement in Regards to Cryptocurrency Confiscation 0 26

In a recent development, the British Metropolitan police have confiscated a tremendous amount of £180m worth of cryptocurrency that has broken all previous records. Just shortly before this, Scotland Yard had seized £114m value of crypto.

The law enforcement authorities in the UK announced capturing a record-breaking amount of cryptocurrency in an ongoing investigation of international money laundering.

As per the detectives, they have seized almost £180 million (close to $250m). However, the detectives didn’t go into any further details, such as what type of cryptocurrency was seized and how they seized it.

UK’s Metropolitan police service (MPS) issued a press release in the morning today (Tue, Jul 13th) on their website. That stated, “It is believed to be the largest capture of such a large sum of cryptocurrency done by Metropolitan police on Thu, June 24th.”

As per Scotland Yard, these confiscations were conducted by the branch of MPS called Economic Crime Command. The investigation team took action on a piece of intelligence information received by the British Police concerning to transfer of criminal assets.

Detective Constable Joe Ryan said, “We successfully seized £114 million less than a month ago. Since then, our investigation has been complex and wide-ranging.” He also said that his colleagues worked hard to trace the money and recognize the criminal acts it may be linked to. He further said:

“Today’s seizures is another vital milestone in this investigation. This will continue in future months to come as we hone in on those at the center of this assumed money laundering operation”.

According to the investigation, police arrested 39 years old woman who is suspected to have been involved in money laundering. She was interviewed on Sat, Jul 10th, in connection to the discovery of £180 million cryptocurrencies. However, she has been released now on bail until late July, but the date is undefined.

The spread of money laundering and other crimes through crypto assets is very well understood by the governments and can lead to the funding of other crimes too. For the same reason, Russian lawmakers are amending their crypto laws and presented a bill to confiscate crypto assets.

Scotland Yard has also improved its expertise in the realm of Cryptocurrency. Graham McNulty, the Deputy Assistant Commissioner stated that gains from crime can be laundered in various ways. The development of digital platforms has enhanced the laundering of dirty money from organized crime, while Cash still is the “king” in the criminal world.

MacNulty further noted that:

“Although it was somewhat an unchartered world some years ago. However, we now have highly trained specialist units and qualified officers in the Crypto world. They are working day and night to stay one step ahead of such elements who use Crypto for unlawful earnings.”

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Mila Kunis Sold NFTs of Her Animated Series “Stoner Cats”, Sales Collect Over $8 Million 0 5

Mila Kunis, an American producer, and actress has successfully sold her NFTs for millions of dollars. The NFTs comprise teaser of the upcoming animated series of Kunis namely “Stoner Cats”. Only the purchasers of Stoner Cats NFTs will exclusively enjoy the privilege of watching the series, which is currently in the final phase of its completion at Orchard Farm Productions.

The global crypto community nowadays is going gaga about the Non-Fungible Tokens (NFTs) created by Mila Kunis.

Kunis is an acclaimed producer and appeared in various roles in the movies as a lead actress. Her most admired lead role was played by the actress-cum-producer in the movie titled “Black Swan”. She is married to co-star, Ashton Kutcher and both, individually and collectively, own multiple businesses. One of the businesses that Kunis runs is the production house called “Orchard Farm Productions”.

One of the latest upcoming projects of Kunis’s production house is a fully entertaining animated series called the “Stoner Cats”. The series has been co-created by Kunis along with her husband, Kutcher. Prior to the completion of the upcoming project, and before its onscreen playing, Kunis decided to issue a teaser in the most unique fashion. She eventually decided to launch the teaser by containing it in the Non-Fungible Tokens (NFTs).

It was reported that celebrities such as Seth MacFarlane, Chris Rock, and Jane Fonda are playing roles in the Stoner Cats series. Apart from the actors, even a role has been assigned to Vitalik Buterin i.e. the co-founder of Ethereum. It was told that Buterin was playing the role of a character in the series as “Lord Catsington”.

As regards the storyline of the series, it was told that the story revolves around a woman named “Ms. Stoner” who is suffering from Alzheimer’s. Ms. Stoner happens to have various cats living in her house and she is very fond of them. However, to keep her health in order, Ms. Stoner starts taking medicines made up of marijuana. Somehow the cats living in her house were accidentally exposed to marijuana smoke which led them to talk like insane.

A 27-seconds long video clip of the upcoming series has been made available on the website of Stoner Cats. The video gives a glimpse of the story to the viewers. However, the full video content in the series would not be available to view by everyone. In fact, only those will be allowed to watch the full content who have purchased the NFTs.

Reportedly, Kunis has managed to sell approximately 10,000 NFTs of the upcoming Stoner Cats series. Surprisingly, all the 10K NFTs were sold in only 35 minutes since the initiation of the sales. Each NFT was sold against 0.35 ETH i.e. equivalent to US$ 800/- each. It was informed that the total sale of NFTs collected sale proceeds to the tune of US$ 8.4 Million approximately.

Chris Larsen Ripple Chairman Shows Concern over Dogecoin and Issues Warning to Holders 0 10

Larson now joins the list of some of the world’s most renowned crypto scholars who have revealed their concerns about Dogecoin and told investors to think twice about over-investing in Dogecoin. Ripple Chairman informed investors about the risks associated with investing in Dogecoin. He compared it to gambling and said that most people who gamble end up on the losing side.

Since the Wall Street Bets movement broke out earlier this year, several prominent figures in the encryption field, including Charles Hoskinson and Barry Silbert, have issued similar warnings. However, as of this writing, Dogecoin remains the world’s top-10 cryptocurrency. Although people are now trying to ignore Elon Musk, Larson pointed out that a large part of Dogecoin’s success is due to the head of Tesla. But when he “ditched” Bitcoin, Larson thought he could abandon Dogecoin too.

During his critique, Larson also opened up about Dogecoin’s supply overflow and currency algorithm. He said that company’s algorithm is not environmentally friendly at all. He also questioned the overall mechanism by saying that it is far away from the market’s required quality.

To invest in some sort of memes-oriented company and Musk is nothing short of gambling. Seasoned and mature investors would never likely go for this option it’s rigidly off the cards. Investing in Dogecoin while eying the moon or space is nothing less than nonsense.  Despite the fact that Dogecoin was down to 74% three months ago. But since then, Dogecoin has remained stable and now its price is stable at a flat rate.

However, over the past week the currency being trade tightly between $0.19098 – $0.22888. In the past ten weeks, its momentum has been firmly entrenched in the lower half of the RSI chart. It seems that RSI is beginning to bend downward again. Even though it’s a massive ask for Dogecoin to rise above $1 mark in the coming three to four months but still investors are getting advantage of the low-price range and pilling up Dogecoin in their digital assets’ platform. The active hunters of Dogecoin do have their perspective of long-term investment, as some of the crypto scholars have labeled Dogecoin as a future long-term investment.

Despite facing staunch criticism from the critic’s Dogecoin is among the top 10 digital currencies. Traders have divided points of view about the funny nature of Dogecoins as currency is often mentioned as memes powered one. Those who showed their support for Dogecoin argued that despite the funny nature of the currency, Dogecoin has outperformed some of the renowned cryptocurrencies in terms of performance.  The unnecessary criticism could be a sign of danger or self-obsession towards Dogecoin.

 

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