Feb 19 2024
The world’s second-largest stablecoin – USDC – wasn’t immune to these forces either. The total circulating supply has declined from approximately $45 billion to about $25 billion by the conclusion of November 2023. Despite this, the number of USDC wallets with a balance of at least $10 has grown 59% in the last year alone, …
Feb 19 2024
The Global X Bitcoin Trust’s initial application was submitted in August 2023, and despite two for consideration in September and November, the exchange officially withdrew its proposal on January 26. Bloomberg Intelligence ETF analyst James Seyffart commented on the withdrawal, stating that it was not surprising, given prior indications. This is not surprising because we …
Feb 18 2024
The market continues its recovery from the plunge that took place last week and is currently stable above the $1.7 trillion mark. Bitcoin managed to push past the $43K level and even attempted a shot at $44K but came short. Jupiter was airdropped to users who had traded on the platform before November last year. …
Feb 18 2024
Chainalysis delved into pump-and-dump schemes and discovered that between January and December 2023, slightly over 370,000 tokens were introduced on Ethereum. Of these, around 168,600 were accessible for trading on at least one decentralized exchange (DEX) Among those listed on DEXs, 54% met Chainalysis’s criteria, which is suggestive of potential market manipulation. malicious entities collectively …
Feb 17 2024
Ransomware payments in 2023 exceeded $1 billion, reaching an all-time high. Despite a decrease in ransomware payments in 2022, the overall trend from 2019 to 2023 indicates a growing problem. Ransomware attacks were carried out by diverse actors, ranging from large syndicates to smaller groups and independents. The blockchain data platform acknowledged that this figure …
Feb 17 2024
A new U.S. government report claims digital assets can help criminals flout federal sanctions law. Authors asserted that foreign states working against American interests – including Iran and North Korea – “are using digital assets to evade the impacts of those sanctions.” Blockchains like Bitcoin (BTC) are well-known for having poor privacy, and have been …
Feb 17 2024
Mauricio Bravo Escalante, a.k.a. Caballo, was arrested in a joint operation in Cali, Valle del Cauca. The man is believed to have also coordinated the distribution of the fake money within Colombia, Ecuador, and the United States. Five members suspected of belonging to Caballo’s criminal group were arrested in October. Three of them were Ecuadorian …
Feb 16 2024
Eight Bitcoin ETFs’ daily inflows hit 12,073 BTC worth $590 million on February 13, with BlackRock’s iShares leading in those numbers. Meanwhile, Grayscale outflows slowed to only 1,147 BTC, worth $56 million after weeks of high outflows. The eight BitcoinETFs currently hold 227,986 BTC since their approval on January 10. However, when includinggrayscale, the total …
Feb 16 2024
The sanctions include an economic advisor to the Syrian leader, three prominent business figures, and two individuals linked to the Assad family. Some of the sanctioned businessmen and companies were the subjects of several OCCRP investigations. Mahmoud al-Dj was implicated in a well-organized criminal network responsible for the thriving Mediterranean drug trade, fueled by Syria’s …
Feb 16 2024
The US Department of Justice (DOJ) has brought charges against three people for defrauding investors of nearly $2 billion. According to the DOJ, the individuals promoted a fraudulent cryptocurrency investment program that promised investors high returns. Sam Lee, an Australian living in the United Arab Emirates (UAE), and American citizens Rodney Burton and Brenda Chunga, …