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🧵 5. US authorities crack down on financial fraud as fraudster's actions highlight the risks in crypto and forex investments. Justice served in scam case.

🧵 4. Alongside criminal conviction, Ichioka faces ban from trading in markets overseen by CFTC. SEC also involved in investigating the convicted fraudster.

🧵 3. Ichioka ran Ponzi scheme using investor money to repay others. CFTC and DOJ investigations led to guilty plea in 2023 and 48-month prison sentence.

🧵 2. Fraudster Willam Koo Ichioka swindled over 100 victims with false promises of high returns. DOJ notes he used funds for personal expenses.

🧵 1. US convict ordered to pay $36 million for scamming in crypto, forex schemes. Judge issues $5 million civil penalty and $31 million restitution. #crypto

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🧵 5. Stay tuned at 3 PM ET for CNBC Crypto WorldWatch Daily for insights on Bitcoin's 5.5% weekly gain and MicroStrategy's increased holdings following a recent rate cut.

🧵 4. CNBC's Crypto WorldWatch Daily at 3 PM ET covers Bitcoin's 5.5% weekly growth alongside MicroStrategy's expanded holdings. Stay informed on crypto market trends.

🧵 3. Bitcoin records 5.5% increase over the week amidst news about MicroStrategy's amplified holdings. Get the latest from CNBC Crypto WorldWatch Daily airing daily at 3 PM ET.

🧵 2. Market update: Bitcoin rises as MicroStrategy boosts holdings, indicating positive sentiment after recent rate cut. Catch more on CNBC Crypto WorldWatch Daily at 3 PM ET.

🧵 1. Bitcoin sees 5.5% weekly gain following rate cut and rise in MicroStrategy holdings, reports CNBC Crypto WorldWatch Daily at 3 PM ET. #crypto

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🧵 5. Bitcoin mine shutdown underscores impact on electricity costs and distribution. Residents now bear cost increase due to mining facility closure. - [Tweet 5]

🧵 4. Debate in Norway on restricting energy-intensive Bitcoin mining for increased electricity prices. Concerns over potential relocation of miners abroad. - [Tweet 4]

🧵 3. Closure of Bitcoin mine in Hadsel prompts mayor to seek new projects to utilize excess energy. Locals unhappy with increased electricity costs. - [Tweet 3]

🧵 2. Loss of biggest customer forces local power company to increase household prices to cover revenue shortfall. Residents may face up to $300 monthly bill spike. - [Tweet 2]

🧵 1. Bitcoin mine shutdown in Norway town raises electricity bills by 20%. Kryptovault closure due to noise complaints led to price hike for residents. - [Tweet 1] #crypto

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🧵 5. Tether remains dominant with $120 billion in circulation, with new players like PayPal's PYUSD emerging, pointing to a prosperous future for stablecoin issuers.