Recent research conducted by TRM Labs has uncovered a troubling trend in the world of cryptocurrency ATMs. The data shows that the level of illicit activity at these ATMs is significantly higher than in the broader crypto industry. This has raised concerns among law enforcement agencies and regulators worldwide, who are now turning to blockchain
Crypto
The demand for bitcoin (BTC) in the United States has experienced a significant increase following Federal Reserve chair Jerome Powell’s recent comments at the Jackson Hole symposium. This surge in interest has led to a rise in Bitcoin’s value, as evidenced by the spike in the Coinbase Premium, which reached its highest level since July
The highly-anticipated 2024 bitcoin bull run has not unfolded as expected, despite the initial surge that saw the asset surpass its previous all-time high from 2021. While there was optimism surrounding the potential for bitcoin to reach $100,000, the momentum has stalled along the way. Various factors have contributed to the lackluster performance of bitcoin
The U.S. Securities and Exchange Commission (SEC) recently filed charges against two brothers, Jonathan Adam and Tanner Adam, for orchestrating a Ponzi scheme that defrauded over 80 individuals of a staggering $60 million. The complaint, lodged in the United States District Court for the Northern District of Georgia, revealed that the siblings had falsely claimed
The crypto world is built on the idea of decentralization, with the goal of reducing the influence of a few entities. However, recent data has shown that popular project tokens like Polygon (MATIC) and Shiba Inu (SHIB) are facing high concentrations of holdings among the top wallets. This level of centralization can lead to increased
Ethereum co-founder Vitalik Buterin has once again made headlines within the crypto community by moving a substantial amount of ETH. Recent reports have indicated that Buterin transferred 800 ETH, valued at $2.01 million, to a multisig wallet. Following this transfer, 190 ETH from the wallet was exchanged for 477,000 USDC, a stablecoin pegged to the
The past week has been a wild ride for Bitcoin and the cryptocurrency markets. Starting with a significant surge in price on Saturday, with BTC reaching over $64,000, the rally was short-lived. By Wednesday, the price had plummeted by over $7,000, dropping below $58,000. Despite a slight recovery attempt on Thursday, Bitcoin continues to struggle
Recently, Floki Inu (FLOKI) experienced a significant drop of nearly 20%, causing it to lose its position among the top 5 meme coins. The token’s price is now hovering around $0.0001272, with a market capitalization of $1.23 billion, placing it at the sixth position. Bonk Inu (BONK) surpassed FLOKI to claim the fifth spot with
Elon Musk, the CEO of Tesla Inc., emerged victorious in a high-profile lawsuit worth $258 billion alleging him and his company of manipulating the price of Dogecoin (DOGE), a meme-based cryptocurrency. U.S. District Judge Alvin Hellerstein ruled in favor of Musk and Tesla, thereby dismissing the claims brought forth by a group of dissatisfied investors.
The cryptocurrency market experienced a slight downturn this past week, with most major coins seeing a decline in value. Bitcoin, the flagship cryptocurrency, saw a 3% slide following a sudden drop in open interest for BTC futures among institutional investors. This dip in Bitcoin’s price set the stage for what would become a week of
