Global Crackdown on Physical Crypto Crimes

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

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China's Sentencing Case: A court in Fuzhou sentenced Lin to 12 years and seven months for stealing four Bitcoins, illegally profiting approximately 900,000 yuan, demonstrating China's strict stance against crypto theft, as Bitcoin is recognized as property despite not being legal tender.
UK Violent Crime: In Hertfordshire, a 36-year-old man was attacked with a wrench by four assailants, resulting in over £10,000 lost from his bank and crypto accounts, with sentences ranging from three years and six months to six years and six months, reflecting the rising trend of physical crypto crimes in Europe.
Morocco's Heavy Sentencing: A Moroccan court sentenced 25-year-old Mohamed Hamid Bajou to 25 years in prison for orchestrating kidnappings targeting wealthy crypto holders, indicating a growing legal response to crypto-related crimes globally.
Transnational Crime Network: Bajou's case involved the kidnapping of Ledger co-founder David Balland, who was demanded to pay a ransom of 10 million euros, highlighting the security threats faced by crypto holders and the potential implications for the industry.

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Technical Analysis for FORM

Technical Sentiment Analysis for Formation Fi (FORM). As of , Formation Fi (FORM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for FORM 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, FORM 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 $-.

Formation Fi (FORM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.168	0.193	0.213	0.238	0.259	0.284	0.305
Fibonacci	0.193	0.21	0.221	0.238	0.256	0.267	0.284

About FORM

BinaryX ($BNX) is the platform cryptocurrency for the BinaryX ecosystem, which includes the DAO and all products & games utilizing $BNX. BinaryX began as a decentralized derivative trading system. Recognizing the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralized video games and is now fully transitioning to be a GameFi platform offering IGO services to bridge Web2 developers to Web3.Some of the services provided by BinaryX includes infrastructural support, a DAO governance system, and community building to scale promising gamefi projects and bring more innovation to the blockchain gaming sector.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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