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AML Bitcoin Founder Faces Up to 30 Years in Prison for Telecommunications Fraud and Money Laundering

1 days ago

On March 16th, as reported by News.bitcoin, a federal jury in San Francisco found Rowland Marcus Andrade, the founder and CEO of AML Bitcoin, guilty of telecommunications fraud and money laundering. Andrade is scheduled to be sentenced on July 22, 2025. He could face a maximum of 20 years in prison for telecommunications fraud, up to 10 years in prison for money laundering, and the seizure of assets related to his crimes. Based on the evidence presented during the trial, 47-year-old Andrade from Texas misappropriated more than $2 million from AML Bitcoin sales for personal use, such as purchasing two properties in Texas and two luxury cars. He laundered investors' funds through various bank accounts and then used these funds to finance his own purchases. The jury determined that Andrade falsely claimed that AML Bitcoin was about to obtain approval from the Panama Canal Authority, when in fact, no such agreement existed. Through these false statements, he raised millions of dollars from investors.
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US Stock Market's Three Major Indexes Rebound, Intel's Gain Widens to 5%

On March 17th, the three major U.S. stock indexes reversed and are currently up by more than 0.3%. Intel (INTC.O) has seen its gain expand to 5%. Coinbase is up by 1.49%, MARA Holdings is up by 0.95%, Riot Platforms has narrowed its decline to 0.26%, and Strategy has narrowed its decline to 1.19%.

16 minutes ago

Robinhood Launches Prediction Market Service Prediction Markets Hub

On March 17th, Robinhood made an announcement regarding the launch of the Prediction Markets Hub service. This service involves the introduction of prediction market contracts across the United States via KalshiEX LLC and is expected to be accessible to all eligible customers in the coming days.

16 minutes ago

Sol Strategies Stock Price Surges Over 20%, Total staked SOL Exceeds 3.35 Million

March 17th, "SOL Edition of MicroStrategy" Sol Strategies declared that it has accomplished the acquisition of three validators, namely the Laine validator and stakewiz.com. The combination of the Laine validator network with Stakewiz.com notably enhances Sol Strategies' standing as a leading institutional staking solutions provider within the Solana ecosystem. As of March 15, 2025, Sol Strategies has raised its total staked SOL in validator operations from 1,653,752 SOL on March 3, 2025, to 3,351,617 SOL. Since that time, the total SOL staked has witnessed an approximate increase of 102%. According to market data, the stock price of Sol Strategies Inc. has rocketed by over 20% today.

16 minutes ago

U.S. February Retail Sales Growth Below Expectations, Uncertainty Leads to Low Consumer Confidence

March 17th: In the United States, retail sales in February witnessed a monthly increase; however, it fell short of expectations. The January sales decline was revised from 0.9% to 1.2% on a month-on-month basis. The report indicates that among 13 categories, only 5 categories experienced an increase in sales in February compared to January. These categories include non-store retailers (representing e-commerce), general merchandise, health and personal care, food and beverages, and building materials. These types of categories are generally essential goods rather than non-essential ones. Hence, the growth in these areas implies that consumers were cautious with their spending last month. Retailers have issued warnings that due to cold weather, tax refund delays, and the increasing uncertainty of consumers regarding the economy, February began on a weak note. Since January of this year, consumer confidence has been on a downward trend for three consecutive months as Americans strive to

16 minutes ago

Report: Bitcoin Institutional Buyers Yet to Stage Comeback, Market Still in Consolidation Phase

On March 17th, Bitfinex put forth a new report indicating that Bitcoin has been in a continuous decline ever since reaching a historical high of $109,590 on January 20th. The lowest point last week was $77,041, representing a 29.7% pullback, which marks the second deepest correction within this bull market cycle. While in history, bull markets usually witness a 30% retracement before resuming the upward trend, in this cycle, there had been shallower declines previously due to institutional adoption and ETF-driven demand. Short-term holders continue to endure unrealized losses, which intensifies the selling pressure. These investors, especially those who purchased in the past 7 to 30 days, are typically the most prone to giving up. Historically, when fresh capital inflows slow down and the cost basis trend changes, it suggests a weakening demand environment. With Bitcoin struggling to maintain key levels, this trend is becoming more evident. In the absence of new buyers entering the m

16 minutes ago

Ethereum Temporarily Drops Below $1900

On March 17th, according to HTX market data, Ethereum briefly fell below $1900, and the 24-hour price change narrowed to 0.81%.

16 minutes ago

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