The European Commission instructed Bucharest to redirect funds it had received for other projects but had not yet spent into assistance for Ukrainian refugees. Some of that money was previously meant, for example, for the REACT-EU program, which provided financial relief to alleviate the consequences of the COVID-19 pandemic. Nearly two billion euros were supposed …
Category: Traceability
Oct 15 2023
Decoding the Bitcoin Halving Phenomenon: Separating Hype, Hope, and Historical Patterns
Changpeng Zhao recently shared his thoughts and observations on the dynamics and sentiments surrounding Bitcoin halvings based on his experiences during the past three events. The cryptocurrency community buzzes with excitement and curiosity in the months leading up to a Bitcoin halving. One common misconception is that BTC’s price prospects and potential impact on the …
Oct 14 2023
Bitcoin Dominance Reaches 4-Month Peak as Altcoins Lose Momentum (Market Watch)
BTC’s dominance over the market has increased to 50% – the highest since June. This comes as most alternative coins are trading in the red once again, with AVAX leading the way south (-3%). The beginning of last week was a lot more exciting for BTC, which pumped by over a grand and a half …
Oct 14 2023
Roughly $7B in Crypto Laundered Through DEXs, Cross-Chain Bridges, and Coin Swaps: Report
The second edition of the State of Cross-chain Crime report revealed that sanctioned entities and terrorists now hold more than 80 crypto assets across over 26 blockchains. Elliptic analysts had predicted that the amount laundered through DEXs, bridges, and coin swaps would rise to $6.5 billion by the end of 2023 and $10.5billion by 2025. …
Oct 14 2023
Cardano Founder Says SBF Getting a Free Pass From the Media Shows the Levels of Corruption
Charles Hoskinson, the founder of the Cardano blockchain, has slammed the mainstream media and everyone who is trying to paint the wrongdoings of Sam Bankman-Fried as mistakes. Hoskinson said it seemed “extraordinary” to him that SBF, who he tagged the “Bernie Madoff of my generation,” was getting a free pass from the media because he …
Oct 14 2023
Japan to Embrace Dogecoin’s Dog Statue in November
The crowdfunding campaign, launched on Kabosu’s 17th birthday on Nov. 2, 2022, will end with the unveiling of the dog statue in Sakura Furusato Square at the beginning of November this year. The statue will serve as a physical meeting place for Doge enthusiasts worldwide, coming together to pay tribute to the profound impact of …
Oct 13 2023
Gold Erases All Yearly Gains After a 7% Decline in 2 Weeks, How Does it Compare to Bitcoin?
Gold has been among the most popular investment tools for wealth preservation. However, its performance on weekly, yearly, and even 10-yearly scales is not all that impressive. At the same time, BTC is a much newer concept that takes gold’s unique qualities a step further. And, even though it has disadvantages of its own, it …
Oct 13 2023
Satoshi Nakamoto’s Twitter Account Resurfaces After 5 Years
@Satoshi, the handle for a verified account under Satoshi Nakamoto, has tweeted for the first time in five years. The user commits to spending the next few months exploring additional important issues about Bitcoin, left out of the original white paper. This unexpected return has sparked curiosity and speculation within the cryptocurrency community, with over …
Oct 13 2023
Upbit Saw a 117% Rise in Hacking Attempts in H1 2023
Upbit, a South Korean cryptocurrency exchange, faced over 159,000 hacking attempts during the first half of 2023. This figure represents a significant surge, with a 117% rise compared to the same period in 2022. Upbit is one of South Korea’s largest cryptocurrency exchanges, boasting an impressive 24-hour trading volume of approximately $1.2 billion. Other significant …
Oct 13 2023
Ark Invest Updates Spot Bitcoin ETF Filing in Response to SEC Feedback
Ark Invest, led by Cathie Wood, has taken a significant step forward by filing an updated version of its spot Bitcoin ETF prospectus. The move is in response to recent feedback from the U.S. Securities and Exchange Commission (SEC) asking for clarifications on some concerns. Eric Balchunas, a seasoned ETF analyst at Bloomberg, was quick …