Argentine Police Arrest 24, Seize Over $8M in Cryptocurrency
- Major Enforcement Action: Argentine authorities executed 90 simultaneous raids in Operation 'Fake Coins,' arresting 24 individuals and seizing over $8 million in cryptocurrency, indicating a robust crackdown on crypto fraud that is likely to positively impact market confidence.
- Fraud Network Exposed: The operation revealed a network converting victim funds into USDT via Binance's P2P marketplace and employing WhatsApp for social engineering, resulting in estimated losses of nearly ARS 3 billion, highlighting significant gaps in crypto regulation.
- Risks of Stablecoins: The seizure of over 8 million USDT underscores the prevalent use of stablecoins in cross-border fraud due to their near-dollar value, raising compliance concerns for crypto platforms and potentially prompting stricter regulatory measures.
- Future Regulatory Challenges: As the case develops, formal charges against the detained individuals remain undisclosed, and the handling of the seized USDT, along with potential regulatory implications for Binance, will significantly influence compliance in the crypto market.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for P2P
Technical Sentiment Analysis for Sentinel (P2P). As of , Sentinel (P2P) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for P2P stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, P2P is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sentinel (P2P) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000488 | 0.0000632 | 0.0000739 | 0.0000883 | 0.000099 | 0.000113 | 0.000124 |
| Fibonacci | 0.0000632 | 0.0000728 | 0.0000787 | 0.0000883 | 0.0000979 | 0.000104 | 0.000113 |
About P2P
About the author
