“They can call us virgos, acidic, unbearable, antisocial and whatever they want. But we have made history and no one can ever deny that to us,” Taringa said when announcing the cessation of its operations.
Taringa, the emblematic Argentine social network, has announced its definitive closure after two decades of life on the Web. The platform, which stood out for its active community and its constant support for Bitcoin, shared the news through an emotional statement on its official portal.
The news was revealed in a post shared a few hours ago on the official Taringa page, announcing the end of the platform for next March 24. Founded in 2005, the social network left an indelible mark on millions of Spanish-speaking users. Positioning itself as the second most visited in Argentina and the third in Latin America.
MicroStrategy Advocates Viewing Bitcoin as a Durable Asset
According to MicroStrategy president Michael Saylor, Bitcoin investors should take a different perspective, treating the cryptocurrency less like a currency and more like a “billion-dollar building in cyberspace,” intended to be preserved for a century.
In an interview with CNBC on March 11, Saylor argued that there is a “fundamental misunderstanding” among those who view Bitcoin simply as a currency. According to him, the true strength of Bitcoin lies in its ability to preserve capital over hundreds of years, considering it a “deadly weapon” in the financial field.
BlackRock Bitcoin ETF Surpasses 200,000 BTC in Two Months
In an impressive achievement, after just two months of trading, BlackRock’s IBIT spot bitcoin exchange-traded fund has surpassed the 200,000 BTC mark in assets under management, reaching an approximate value of 14.7 billion dollars at current prices.
According to the latest fund disclosure, BlackRock’s IBIT has accumulated around 204,000 BTC. This achievement positions it at the top among the nine newly launched spot Bitcoin ETFs, excluding Grayscale’s converted GBTC fund.
Overall, these nine ETFs add up to more than 420,000 BTC, consolidating the growing acceptance and adoption of Bitcoin as an investment asset.
Founder of Crypto Mixing Service Guilty of Laundering $400 Million in Drug Trafficking on the Dark Web
Roman Sterlingov, the mastermind behind Bitcoin Fog, a notorious cryptocurrency mixing service, has been found guilty by a federal jury. The verdict, the product of a month-long trial, exposes a decade-long operation that allegedly facilitated the laundering of hundreds of millions of dollars in illicit funds. This conviction marks a significant victory for US authorities in their ongoing battle to curb the misuse of cryptocurrencies for criminal activities.
Prosecutors presented a compelling case, meticulously tracing a trail of crypto transactions that flowed through Bitcoin Fog and ultimately originated from dark web markets known for drug trafficking. The total value of laundered funds was estimated to be over $400 million, with a significant portion ($78 million) directly linked to these illegal platforms.
The case also sheds light on the growing trend of sanctioned entities using cryptocurrency mixers to circumvent financial restrictions. A recent report from Chainalysis, a blockchain data platform, revealed that more than 60% of illicit crypto transactions in 2023 were linked to sanctioned individuals or organizations.
While Sterlingov admitted to using Bitcoin Fog, he denied receiving fees for the service, a claim that directly challenged the prosecution’s narrative. Despite his defense, the jury ultimately found Sterlingov guilty of all four counts of money laundering, paving the way for a possible sentence of up to 20 years in prison.
By Audy Castaneda
