News – Page 28

Cardano, Shiba Inu, Jasmy Catch Whale Fever as Large Transactions Spike

Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) are experiencing notable price surges, each seemingly driven by increased whale activity. This week, transactions exceeding $100k on these networks have more than doubled compared to their average figures for 2024. According to Santiment’s latest, the surge in large transactions indicates heightened interest from large-scale investors, contributing to the upward momentum in prices for these cryptocurrencies. This phase emerges as investors ramp up their purchases, boosting demand. The growing interest typically triggers an uptick in the price.

Source: Chayanika Deka, 2024-06-07; https://cryptopotato.com/cardano-shiba-inu-jasmy-catch-whale-fever-as-large-transactions-spike/

Kenya Holds Hearings on British Army Abuses

British Army Training Unit in Kenya (BATUK) accused of mistreatment, torture, unlawful detention, and killings. Three days of hearings to be held by the Kenyan government until Thursday to “investigate the allegations of human rights violations’ by the BATUK. After years of grievances, the Committee on Defense, Intelligence, and Foreign Relations was fina fina after years of complaints. The BATUK has a US$85-million base in Nanyuki, Kenya, just 20 minutes from the Kenyan capital, Nairobi.

Source: , 2024-05-31; https://www.occrp.org/en/daily//en/daily/18764-kenya-holds-hearings-on-british-army-abuses

Turkish Cypriot Authorities Arrest 4 in Fake Diploma Scandal

The four faced the judge on Friday. Secretary-General and Director Serdal Gündüz, Vice-Dean and lecturer Serdal Işiktaş, and the head of the international office, Amir Shakira, are charged with larceny, forgery of documents, and circulation of forged documents. Police officer Ortunç Özbaylı told the court that Ilık has fake graduate and post-graduate diplomas from the university. The graduate diploma was issued on the day he was enrolled. Işıktaş signed the diploma knowing it was fake.

Source: Written by Esra Aygin, 2024-02-13; https://www.occrp.org/en/daily//en/daily/18465-turkish-cypriot-authorities-arrest-4-in-fake-diploma-scandal

Top 5 Cryptocurrencies Closest to Breaking Their All-Time High

Bitcoin has had a phenomenal year, as well as an extraordinary run in the last quarter of 2023. The price is currently trading above $52K, increasing by a whopping 17% in the past week alone. In the past 30 days, BTC is up by more than 22%, while its yearly gains stand at a massive 136%. The reasons for this are likely multifold, including the upcoming Bitcoin halving in April. We decided to take a look at the top 5 cryptocurrencies (by market cap), which are the closest to breaking their all-time high values.

Source: George Georgiev, 2024-02-16; https://cryptopotato.com/top-5-cryptocurrencies-closest-to-breaking-their-all-time-high/

Vitalik Buterin Anticipates Ethereum’s Verkle Trees Upgrade, Hints at AI Integration

Vitalik Buterin has taken to social media to express his anticipation for the imminent integration of “Verkle trees” onto the Ethereum blockchain. He emphasized that this advancement will enhance the functionality of staking nodes, decrease disk space requirements, and elevate the overall user experience. Describing them as a crucial step forward for the blockchain, he highlighted their potential to unlock various benefits, particularly for stateless clients. They will enable stateless validator clients, which can allow Staking nodes to run with near-zero hard disk space and sync nearly instantly.

Source: Wayne Jones, 2024-02-20; https://cryptopotato.com/vitalik-buterin-anticipates-ethereums-verkle-trees-upgrade-hints-at-ai-integration/

Chainalysis: YoMix Emerges as Top Bitcoin Mixer After Tornado Cash, Sinbad Shutdowns

Chainalysis revealed that a wallet linked to North Korean hacking operations received funds from YoMix, whereas it used to receive funds from Sinbad. YoMix experienced significant growth in 2023, with inflows increasing by more than five times throughout the year. According to Chainalysis data shared with , approximately one-third of all YoMix inflows originate from wallets associated with crypto hacks. The surge in YoMix usage, coupled with its adoption by the Lazarus Group, demonstratly demonstrates its growing popularity.

Source: Chayanika Deka, 2024-02-16; https://cryptopotato.com/chainalysis-yomix-emerges-as-top-bitcoin-mixer-after-tornado-cash-sinbad-shutdowns/

Ethereum’s Dencun Upgrade Set to Drive Near-Zero Transaction Fees

The forthcoming upgrade marks the initial step in Ethereum’s rollup-focused roadmap. This advancement will empower the network to function as a resilient database. The upgrade is poised to reduce costs for layer 2 blockchains to store data on the main network. This cost reduction is expected to be tranatively beneficial to the network’S total addressable market (TAM), according to a research report by Fidelity Digital Assets. The upgrade would provide the necessary scaling capability to accommodate millions of users.

Source: Wayne Jones, 2024-03-10; https://cryptopotato.com/ethereums-dencun-upgrade-set-to-drive-near-zero-transaction-fees/

US Judge Approves Binance’s $4.3 Billion Settlement Deal: Reuters

A U.S. federal judge has approved Binance’s guilty plea and a hefty $4.3 billion settlement deal for violating anti-money laundering (AML) and sanctions laws through its cryptocurrency exchange. The plea and the settlement were accepted on Friday, February 23. The guilty plea comes after a years-long investigation by the DOJ into the leading crypto exchange. Prosecutors stated that Binance allowed money to flow to terrorists, cybercriminals, and child abusers through its platfo.

Source: Mandy Williams, 2024-02-26; https://cryptopotato.com/us-judge-approves-binances-4-3-billion-settlement-deal-reuters/

Bitcoin Stopped at $70K, FLOKI Skyrockets 111% Weekly and Nears Top 50 (Weekend Watch)

Bitcoin broke above $70,000 for the first time ever, and was violently rejected minutes later. Several altcoins, led by Worldcoin and FLOKI, have produced massive gains over the past day. Bitcoin recovered most losses almost immediately and to $67,000 in the next few days. BTC’s notable run as of late, which culminated this week by charting a new all-time high two consecutive times, has been dominated by the bulls and bears.

Source: Jordan Lyanchev, 2024-03-10; https://cryptopotato.com/bitcoin-stopped-at-70k-floki-skyrockets-111-weekly-and-nears-top-50-weekend-watch/

Japanese Yakuza Leader Charged with Trafficking Nuclear Material from Myanmar

The head of a Japanese crime group tried to sell plutonium and uranium from Myanmar to undercover DEA agents. The agents pretended to be buying it on behalf of Iran. Takeshi Ebisawa, 60, proposed to the leader of an unidentified “ethnic insurgent group” in Myanmar to sell nuclear material to an Iranian general through him. The plan was to then use the money to buy weapons from the general, including surface-to-air missiles. The yakuza boss even showed samples of the nuclear Material to one of the agents in a hotel room in Thailand.

Source: Written by Lieth Carrillo, 2024-02-27; https://www.occrp.org/en/daily//en/daily/18503-japanese-yakuza-leader-charged-with-trafficking-nuclear-material-from-myanmar

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