Investing.com – The is one of many cryptocurrencies today that can show an upside. The rose 0.90% to a price of 3053.85 dollars.
For some years now, North Korea has been subject to US sanctions because of its nuclear weapons program. Commercial relations are also subject to exceptions, as is the entry of US citizens.
For some time, North Korea has been rumored to be partially circumventing sanctions by using cryptocurrencies. In order to develop know-how in this field, a blockchain conference was held in the capital Pyongyang in 2019.
Ethereum developer Virgil Griffith also visited. His goal was to share the knowledge he had gained through his work at the Ethereum Foundation. As he was returning home, the handcuffs rang out in the American airport, because he had not obtained exceptional authorization for this trip.
U.S. Attorney Geoffrey S. Berman said Griffith “passed highly technical information to North Korea, knowing full well that the information would likely be used to help North Korea launder money and evade sanctions.” .
While the arrest had already taken place in 2019, the verdict fell, which includes, in addition to a prison sentence of 63 months, a fine of 100,000 dollars.
Ethereum Technical Benchmarks
In recent days, Ethereum has retreated from its recent high, located in the $3579 area. The downward correction resulted in the end of the overbought conditions.
After breaking below the 23.6 and 38.2 percent Fibo retracements of $3244 and $3037, trading today is already taking place above the latter level again.
If the daily close is above this level, we can expect further upside towards the resistance at $3244.
But if the bears manage to prevail, a test of the 50% Fibo retracement of $2870 could be imminent.
By Marco Oehrl
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