Browsing: trader

A Canadian man who pleaded guilty to criminal charges in the U.S. for his role in running a crypto firm that provided wash trading services to clients seeking to manipulate crypto trading has received a modest fine and no jail time in the case.

Crypto influencer and trader Carl Runefelt, known as “The Moon,” said he sold two Ferraris worth a combined $2.5 million to increase his exposure to Bitcoin(CRYPTO: BTC).

Over the years, the crypto market has already provided quite a few stories about investors who turned small amounts into fortunes, but even by the industry’s standards, the transaction revealed this week is particularly exceptional. An anonymous trader managed to turn an investment of just $838 into more than $1 million within 20 days, after…