Cryptocurrency

Cryptocurrency
UK Report Reveals Money Laundering Risks in Crypto and Banking for 2022-2023 – Is this accurate or hate towards crypto ?

A recent report by the government’s financial arm has highlighted the significant risk of money laundering associated with crypto firms, retail banking, wholesale banking, and wealth management between 2022 and 2023. The report, based on risk assessments conducted by the…

Cryptocurrency
Ex-DFS Official Raises $5 Million for Unique Crypto Venture Fund Backed by Industry Leaders

The crypto industry has witnessed a fascinating trend where former regulators, predominantly working as legal advisors or political lobbyists, have found a new calling as investors and advisors in venture firms. However, it remains a rarity to come across a…

Cryptocurrency
Crypto Mining: How Thailand Authorities Track Down Over $5M Worth of Crypto Mining Devices Over Electricity Theft  

How Crypto Mining Works  Image from Financial Times  Crypto mining plays a vital role in the crypto ecosystem, where miners extract digital currencies like Bitcoin. However, this task is not without its challenges. Miners encounter obstacles such as post-halving impacts,…

Cryptocurrency
India and US Agencies Unite to Uncover $360 Million Crypto-Funded Drug Ring in Uttarakhand

In a momentous joint effort, law enforcement agencies from India and the United States recently joined forces to conduct an extensive search operation in Uttarakhand, resulting in the discovery of a colossal $360 million crypto-funded drug ring. The Indian Enforcement…

Cryptocurrency
U.S. Government Shifts Stance on Cryptocurrency Wallet Developers as DOJ Pursues Criminal Charges

The U.S. government has long maintained a clear policy regarding cryptocurrency wallet developers and their users, categorizing them as non-money transmitters. However, recent developments have taken the industry by surprise. The Department of Justice (DOJ) is now pursuing criminal charges…

Cryptocurrency
Changpeng Zhao, founder of Binance, seeks investments in AI-focused data centers

Changpeng Zhao, the visionary behind Binance, has set his sights on investing in data centers that specialize in artificial intelligence (AI). Despite facing potential legal ramifications for alleged involvement in money-laundering activities on his exchange, Zhao has been actively engaged…

Crypto Price Analysis
USDC Overtakes USDT in Transaction Volume Based on Visa Data

Circle Internet Financial’s stablecoin, USDC, has experienced a significant rise in transaction volume this year, surpassing Tether’s stablecoin, USDT, to become the market leader. According to data compiled by Visa Inc. in collaboration with Allium Labs, USDC’s growing dominance reflects…

Cryptocurrency
Terraform Labs Seeks Penalty Reduction in SEC Fraud Case After $5.3 Billion Fine Proposal

Lawyers representing Terraform Labs and its co-founder, Do Kwon, have requested a reduced penalty following their clients’ recent conviction for fraud. They argue that a fine closer to $1 million is more appropriate than the $5.3 billion proposed by the…

ETH
Crypto Price Analysis
Ethereum Could Outperform Bitcoin in the New Bull Run – Experts Predict $10,000 for ETH

Ethereum is coming from a bad period, with its price going below $3,000 due to Bitcoin’s price crash. Nevertheless, there’s optimism that ETH will bounce back and even go as much as outperforming Bitcoin. In this article, we will explore…

Cryptocurrency
Cathie Wood’s Ark Invest Buys More Palantir Meta and This Buffett-Backed EV Amid Market Moves

Nic Chahine, an exceptional trader, has achieved outstanding results through his unique approach of buying options rather than selling covered calls or spreads. Unlike most traders who struggle to maintain a winning percentage above 27% when buying options, Chahine boasts…