Crypto scams demand release from prison because of Coronavirus

The crypto market is growing with Bitcoin

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1 The crypto market is growing with Bitcoin

2 Bitfinex is launching a market surveillance system called Shimmer

3 Crypto scammers demand release from prison

In the last 24 hours, Bitcoin has increased by 8% and is currently trading at around $ 6600, but reached $ 6800 during the day. The rest of the cryptocurrencies followed his example and increased with percentages between 5 and 8%. The total market valuation reached $ 184.5 billion according to CoinmarketCap.

Ethereum, in particular, gives positive signals – the number of active addresses daily has reached the maximum level of the last 9 months. Analysts point out that intense activity may generate a price increase for ETH, which is currently trading at nearly $ 140.

Bitfinex is launching a market surveillance system called Shimmer

Bitfinex Exchange a announced today it has implemented a market surveillance tool called Shimmer. It is intended to combat market abuse and help promote orderly trading. More specifically, Shimmer will identify and investigate possible manipulative behaviors and suspicious business practices; in order to improve the integrity of the market.

“Full market and trade monitoring capabilities are essential for the operation of a crypto exchange. In order to meet the complex needs of an evolving digital asset class and to protect our sophisticated participants, Bitfinex has chosen to develop its own state-of-the-art surveillance system, ”

said Paolo Ardoino, CTO at Bitfinex.

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Crypto scammers demand release from prison

The coronavirus pandemic has worried many people, including prison inmates. New Jesey State is affected by an outbreak and plans to quarantine. Crypto scammers who ran Network BitClub have asked the court to release them to avoid the “inevitable” infection.

The two men are accused of cheating investors with a total amount of over $ 722 million, through a Ponzi scheme called Network BitClub.

Matthew Brent Goettsche and Jobadiah Sinclair have filed several motions over the past four days, raising concerns about their health amid growing COVID19 pandemic.

According to a report published by Law360, their lawyers claim that the Essex Correctional Facility in Essex Newark, New Jersey has “an exceptionally bad history of maintaining inmate health.”