From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

The Australia Federal Police (AFP) seized $6.4 million in crypto linked to a global crime syndicate and made a significant arrest as part of the renowned Operation Kraken.

Crypto cybercrime is a concerning issue that continues to plague the industry, as bad actors prey on unsuspecting criminals. This development marks a significant move against organized crime.

Operation Kraken Leads to $6.4 Million Crypto Haul

The AFP seized up to $6.4 million or 9.3 million Australian dollars linked to the global crime syndicate. It arrested Jay Je Yoon Jung, the suspected mastermind behind the encrypted communication app enabling the criminal network Ghost. Charged with five offenses, including supporting a criminal organization, the accused faces a maximum of 26 years in jail.

The arrest followed the success of a Criminal Assets Confiscation Taskforce (CACT) analyst in cracking the seed phrase from wallets discovered on Jung’s devices during a raid. A seed phrase contains all the necessary information to access or recover funds on the blockchain.

The AFP then moved the looted funds into secure storage. The Commonwealth Proceeds of Crime Act 2002 supports this recovery, established to disrupt criminal networks by confiscating their illicit wealth. Reportedly, the recovery will go to the government to fund law enforcement initiatives.

Read more: 15 Most Common Crypto Scams To Look Out For

his marks the second instance of asset restraint by the Australian Federal Police (AFP) in its operation against the alleged Ghost app maker and its users. Previously, in August, authorities seized $1.4 million (2 million Australian dollars) in cryptocurrency and properties.

The crackdown, known as Operation Kraken, has had a significant impact, leading to 46 arrests, 93 search warrants, and the seizure of 30 illegal firearms. Additionally, authorities have prevented over 200 kilograms of illicit drugs from entering the Australian market and seized more than $2.37 million in cash.

“Whether you have tried to hide them in real estate, cryptocurrency, or cash, we will identify your ill-gotten goods and take them away from you, leaving you with nothing,” AFP’s acting Commander Scott Raven said.

This development indicates how cybercrime remains a challenge in the digital asset and broader financial market. As BeInCrypto reported, crypto attacks surged to $2.1 billion in 2024, with centralized finance (CeFi) taking the biggest hit.

Read more: A Guide to the Best AI Security Solutions in 2024

In the third quarter alone, crypto losses due to exploitation reached $412 million. Notable victims include Onyx Protocol and BingX exchange, among others.

The Dubai Financial Services Authority (DFSA) granted Ripple an in-principle approval to expand its services from the Dubai International Financial Centre (DIFC), effectively unlocking the firm’s end-to-end payment services in the UAE.

Ripple will roll out its enterprise-grade digital asset infrastructure to a broader customer base in the United Arab Emirates. 

Ripple Receives In-Principle Approval from the DFSA

The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse, lauded the UAE in a post on X (formerly Twitter). He highlighted the region’s crypto-friendliness as a magnate for digital assets-related firms.

“Regulatory clarity is what businesses want, and what consumers need. The UAE understands that,” Garlinghouse commented.

Read more: Crypto Regulation: What Are the Benefits and Drawbacks?

This decision will significantly enhance Ripple’s operations in the Middle East, following the establishment of its regional headquarters in Dubai in 2020. With this expansion, Ripple is poised to advance its mission of delivering faster, more cost-effective, and efficient cross-border payment solutions to businesses.

Additionally, it strengthens Ripple’s global presence as a regulated entity, introducing seamless cross-border payment services to Dubai. By combining regulatory compliance with continued investments in key infrastructure, Ripple becomes the first DFSA-licensed blockchain-enabled payment services provider.

The Middle East offers a favorable regulatory environment for cryptocurrency ventures, providing a promising base for Ripple’s growth. Other major players, like Animoca Brands, are also looking toward the region, with Animoca considering going public there by early 2025.

UAE as Global Hub for Innovation

The United Arab Emirates’ regulatory clarity positions it strategically as a global financial services and trade hub. Crypto-related firms eye the region as it offers access to fast-growing markets across the Middle East, Africa, and South Asia. This likely explains Ripple’s inclination to continue investing in the region.

Its comprehensive regulatory framework, as established by the DFSA, among other regulators in the country, creates an environment where innovative crypto firms can thrive.

“With its forward-thinking regulatory approach and clear guidance for innovative businesses seeking to invest and scale, the UAE is positioning itself as a global leader in this new era of financial technology,” Garlinghouse noted in the press release.

Meanwhile, even as Ripple eyes global expansion, it remains at odds with the US Securities and Exchange Commission (SEC). As BeInCrypto reported, the securities regulator could appeal Ripple’s partial victory, challenging the XRP token’s non-security status. There remains a lot of uncertainty in the matter, as the victory stood unchallenged barely a month ago.

Read more: Everything You Need To Know About Ripple vs. SEC.

Amid the ongoing legal battle, the XRP token continues to struggle below the crucial $1.00 psychological level. According to BeInCrypto data, XRP is currently trading at $0.59, marking a nearly 4% decline in the past 24 hours.