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25-Year Sentence Faced By Unlicensed Crypto Exchange Operator
Last Updated: 02 February 2021
Hugo Sergio Mejia stands as a peer-to-peer crypto trader that has gotten into a fair amount of trouble. The 49-year-old has recently pleaded guilty on charges of operating an unlicensed money transmitting business, as well as money laundering.
The Charges On The Table
Mejia has been hit with accusations from the US Attorney’s Office, with the allegations detailing how he used an array of limited liability corporations. These corporations were used in such a way to disguise his operations’ true nature as he was exchange cash for Bitcoin. The entire process spanned for over two years, and would’ve continued had it not been seen.
Gamestop Controversy Leads Bitcoin Subreddit To 2 Million Subscribers
Last Updated: 01 February 2021
The r/Bitcoin subreddit stands, as one would imagine, as one of the most well-known Bitcoin communities out there. However, in a surge of activity that happened on Friday, the subreddit has managed to surpass the 2 million user mark.
This is apparently thanks to the massive spike in media attention focused on r/Wallstreetbets, and their spectacular pump-and-dump strategies that are violently disrupting the hedge funds.
Bitcoin Gaining From Gamestop Fiasco
The analytics website, aptly named Metrics For Reddit, has shown that r/Bitcoin has managed to accrue a total subscriber count of 2,221,348 users at the time of writing. It was on Friday when the Bitcoin subreddit had managed to achieve the two million subscriber mark, doing so just over 18 months after it managed to push into the one million mark.