The defendant requested house arrest. In the return, priority would be given to deposits of less than 2 million Argentine pesos, and as of November 15, to other savers.

Experts from the Subdirectorate of Technological Crimes of the National Gendarmerie of Argentina were able to enter the virtual wallet of the firm Adhemar Capital. Edgar Adhemar Bacchiani, owner and CEO of the company, is charged with fraud and money laundering.

What could be demonstrated with the procedure is the existence of assets in your Binance account. More than 58 million dollars in USDT.

Once the finding was known, Bacchiani’s lawyer, Lucas Retamozo, requested house arrest for his client. He said that the money “is available to be returned to the savers”, and that a payment plan has already been presented to the Justice.

Bacchiani’s Argument and Strategy

Bacchiani revealed that he has that sum in a wallet, but he refused to show the movements of the account, which is key in the investigation carried out by the Federal Justice, which could now arrange for that money to be transferred to a judicial account.

Bacchiani’s strategy of refusing to show the movements would be a way of pressing for the granting of the benefit of house arrest.

Retamozo said that in the return of the money priority would be given to those who have deposited sums less than two million Argentine pesos, to those who have health problems, and from November 15 to the rest of the savers.

How Adhemar Capital Operated

Bacchiani’s company worked, as he explains on his social networks, with cryptocurrencies, and offered rates of between 12 and 22% per month to those who placed money and, depending on the amount, could reach 50%.

It appears constituted for the purpose of wholesale and retail distribution of food products, natural or industrialized; to plan, promote, protect, develop and market, on its own account or on behalf of third parties, real estate ventures. And for the sale of vehicles and machinery and consulting tasks.

In January, the Central Bank asked the Attorney for Economic Crime and Money Laundering (Procelac) to investigate the firm Adhemar Capital. It was before the possibility that he is developing a pyramid scheme under the facade of supposed investments in cryptocurrencies.

The request originated from a complaint by the governors of Catamarca, Raúl Jalil (one of his brothers has money in Adhemar), and of La Rioja, Ricardo Quintela. They alerted last September about the activity of a series of non-financial companies installed in that province. It was the first step to Bacchiani’s downfall.

Bacchiani already has complaints and proceedings against him in Córdoba and Tucumán, where he landed last year with a scheme similar to that of Catamarca, the province where his firm was born.

In a report granted to a media outlet in Córdoba, he compared himself to Bill Gates and Steve Jobs for having started his company in a garage.

Bacchiani, 45, presents himself as a native of Buenos Aires who chose Catamarca with its place in the world to live and do business. A few years ago he founded Adhemar Capital, a financial organization that took over the province’s square in a “transversal” way.

But as happened with Generación Zoe in Córdoba, between December and January, the scheme began to fall like a house of cards.

By Audy Castaneda

The cryptocurrency market has proven to be one of the fastest growing markets from the pandemic to date.

Every day more people decide to join this market by opening an account in an exchange –exchange– or in a virtual wallet. Read more in cryptocurrency news.

Now, to enter the world of cryptocurrencies it is important to understand what trading is and what the different investment techniques that exist within trading are.

According to BeInCrypto, the cryptocurrency market has several similarities to traditional financial markets.

Basic Trading, Range Trading

The basic trading technique consists of selling and buying cryptocurrencies depending on the rises and falls in the value of the crypto market assets.

“When the value of the assets goes up, it is generally recommended to sell, and when the value of the assets goes down, it is recommended to buy,” highlights BeInCrypto.

In this sense, it is necessary to carefully analyze the value of the cryptocurrencies that are in the portfolio to see if it is convenient to go out and sell, likewise, it is prudent to analyze the quotes or prices of the cryptocurrencies to see if it is convenient to go out and buy.

Market prices often move horizontally, which means there may be limited opportunities to enter a market.

BeInCrypto explains that the range trading technique capitalizes on the fact that markets fluctuate within a range during these sideways trends, defined by a resistance band and a support band.

In this context, the technique of range trading takes advantage of non-trending markets by identifying consistent high and low prices, known as support and resistance bands.

The idea of ​​trading within a tight range can be applied to a variety of markets, including forex, stocks, and cryptos, allowing the trader to buy and sell when an asset is oversold or overbought.

In the indicators section of Valora Analitik the investor can follow the behavior of cryptocurrencies in real-time.

Scalping and Swing Compared

Scalping is a short-term intraday trading strategy that aims to profit from small price movements.

The idea is that the accumulation of small but frequent profits will generate a substantial return at the end of the trading day.

The level of return on each investment is relatively low but sustainable as it continues to return over a long period of time.

Forex or crypto traders use this strategy through quick response to market movements.

Unlike holding a position for a few hours, days, or weeks, a scalper tends to react within minutes and sometimes even seconds.

Consistency and speed are the main factors that determine the results.

When comparing the scalping strategy to day trading or the swing technique, the scalping technique involves relatively low risks and provides instant returns.

Now, it is worth clarifying that the results depend largely on the perseverance, self-discipline, and large amounts of capital of the investor to obtain substantial success.

In any case, it is always a good idea to do your own research before making important investment decisions. For example, if you decide to invest in cryptocurrencies, you could consider the efforts of Valora Analitik and BeInCrypto.com, who signed an alliance to bring information of interest to the Latin American public interested in learning more about crypto assets, technologies such as Blockchain, and NFT, the trend of this sector that grows in the market.

By Audy Castaneda