Daily crypto: Prices are bouncing back and CEO of a crypto company faces up to 120 years in prison

The crypto markets have increased in the last 24 hours. Currently, 95 of the 100 biggest cryptocurrencies show green numbers.

The market cap for all cryptocurrencies has risen by $5 billion over the last 24 hours – from $130 billion yesterday to $135 billion today.

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Faces up to 120 years in prison

The American Federal Bureau of Investigation (FBI) has arrested Jared Rice, CEO of the crypto company Arisebank, for lying and cheating hundreds of investors through an ICO. According to court documents, Arisebank managed to raise over $4 million in the ICO, while Arisebank has, among other things, told investors that they managed to raise $600 million.

If Jared Rice is sentenced for all crimes he is accused of, Rice faces up to 120 years in prison.

– My office is committed to enforcing the rule of law in the cryptocurrency space. The Northern District of Texas will not tolerate this sort of flagrant deception – online or offline, Nealy Cox, U.S. Attorney, said according to News Btc.

Bitcoin cash increases the most

If we look at the biggest cryptocurrencies, all show increases in price. Bitcoin cash (+4,79%), bitcoin (+4,16%) and ethereum (+4,00%) have increased the most, but also stellar (+3,22%) and xrp (+2,54%) have increased in value over the last 24 hours.

Bitcoin (+4,16%) is currently trading at about $4,171, an increase of $150 from yesterday.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were free coin (+41,36%) and centrality (+27,98%), and those who performed the worst were theta token (-5,23%) and moac (-4,36%).

*All numbers in this article are from Coinmarketcap.com.

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