Court Rules $550K Crypto Theft Not a Crime—Victim Takes Action
Legal Action Demanded: Dr. Solomon Guramatunhu is seeking legal action after two suspects, Lloyd and Melissa Chiyangwa, were acquitted of stealing over $550,000 in cryptocurrency due to a court ruling that cryptocurrency is not recognized as legal tender in Zimbabwe.
Court Ruling Controversy: The magistrate's decision, which dismissed fraud charges on technical grounds, has sparked a legal debate, with Guramatunhu's lawyer arguing that cryptocurrency should be considered property under Zimbabwean law, regardless of its legal tender status.
Arguments for Property Rights: Dr. Guramatunhu's legal team contends that controlling a cryptocurrency account equates to controlling the assets within it, and that the unauthorized transfer of digital assets constitutes theft.
Call for Broader Legal Definitions: The defense is advocating for an expanded interpretation of property rights to include cryptocurrency, asserting that the Chiyangwas unlawfully appropriated Guramatunhu's incorporeal rights to the digital assets.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
