News – Page 42

Bitcoin Tops $43K, Massive Jupiter (JUP) Airdrop and Solana’s Rise: This Week’s Crypto Recap

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. The token currently sits at around $0.63 and has a total market capitalization of $850 million. In essence, it trades at a fully diluted valuation upward.

Source: George Georgiev, 2024-02-03; https://cryptopotato.com/bitcoin-tops-43k-massive-jupiter-jup-airdrop-and-solanas-rise-this-weeks-crypto-recap/

Dogecoin Stalls at $0.08 Barrier, Could This Metric Suggest Upcoming Rally?

Dogecoin’s value has declined by 23% since its local peak on December 9th. The number of wallets holding >0 DOGE is growing at a record pace of 7.3%. Nearly 414k new wallets, predominantly containing 0.001-1 DOGe, have been added over the past two weeks alone. This milestone comes a week after the Dogecoin network the creation of the ‘DOGE’ coin. The price has found significant resistance from the $0.08 level despite a brief upward breakout.

Source: Chayanika Deka, 2024-02-07; https://cryptopotato.com/dogecoin-stalls-at-0-08-barrier-could-this-metric-suggest-upcoming-rally/

Chainalysis Report Exposes: Majority of Pump-And-Dump Schemes End in Failure

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 gained $241.6 million through these potentially unlawful schemes. Interestingly, tokens meeting Chainalysis’ criteria yielded an average profit of just $2,672 each, constitutin.

Source: Chayanika Deka, 2024-02-02; https://cryptopotato.com/chainalysis-report-exposes-majority-of-pump-and-dump-schemes-end-in-failure/

Chainalysis Reveals Record-Breaking $1 Billion in Ransomware Payments in 2023

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 doesn’t cover the full economic impact, including productivity loss and repair expenses incurred by victims. The decline in ransomware activities in 2022 was an anomaly and not a trend.

Source: Chayanika Deka, 2024-02-08; https://cryptopotato.com/chainalysis-reveals-record-breaking-1-billion-in-ransomware-payments-in-2023/

Coinbase Blasts U.S. GAO For Claiming Crypto Can Help Dodge Sanctions

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 used before to identify and arrest and thieves. Successful enforcement actions that leveraged the transparency of blockchain data have proven effective at dete

Source: Andrew Throuvalas, 2024-01-23; https://cryptopotato.com/coinbase-blasts-u-s-gao-for-claiming-crypto-can-help-dodge-sanctions/

Visa Successfully Completes Digital Hong Kong Dollar Pilot Program

Visa has completed a pilot test in collaboration with HSBC and Hang Seng Bank. The program, a part of the “Digital Hong Kong Dollar’ pilot, opens new horizons for secure and efficient financial transactions. The results showed great promise, with accelerated payment speeds, enhanced settlement risk management, improved control, and heightened transaction transparency. Overall, the findings underscore the significant benefits and opportunities that tokenized deposits can offer. The initiative, in collaboration. with HSBC, is the first in the world to test the atomicity and interoperab.

Source: Wayne Jones, 2023-11-03; https://cryptopotato.com/visa-successfully-completes-digital-hong-kong-dollar-pilot-program/

Criminal Group Dismantled in Colombia for Counterfeiting U.S. Dollars

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 nationals, and the fourth was from Colombia. He has denied the charges.

Source: Written by Lieth Carrillo, 2024-02-14; https://www.occrp.org/en/daily//en/daily/18467-criminal-group-dismantled-in-colombia-for-counterfeiting-u-s-dollars

Here’s How Much Bitcoin Has Been Added by ETFs Since Approval

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 amount reaches 693,374 BTC, equivalent to ov

Source: Wayne Jones, 2024-02-15; https://cryptopotato.com/heres-how-much-bitcoin-has-been-added-by-etfs-since-approval/

EU Council Adds More Assad Supporters to Syria Sanctions List

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 civil war. The EU Council describes him as a “leading business person operating in Syria, who is a leading business person.

Source: Written by Zdravko Ljubas, 2024-01-25; https://www.occrp.org/en/daily//en/daily/18397-eu-council-adds-more-assad-supporters-to-syria-sanctions-list

Bitcoin (BTC) Price Prediction: How High Can BTC Go if ETF is Approved?

BTC’s price soared to $35K earlier this week, reaching levels not seen in a long time. The reason for it was that the website of the Depository Trust and Clearing Corporation (DTCC) suddenly showed a listing of a spot Bitcoin ETF carrying the ticker symbol iBTC. The listing of this ticker itself doesn’t mean a lot, but market participants are taking it as a sign that the approval chance for a spot BTC ETF grew higher. Now, a very popular crypto analyst – took the opportunity to speculate on the potential upside for BTC in the next years, assuming an approved BTC ETF.

Source: George Georgiev, 2023-10-30; https://cryptopotato.com/bitcoin-btc-price-prediction-how-high-can-btc-go-if-etf-is-approved/

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