2024-8-30 13:48 |
Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs.
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US Senator Cynthia Lummis remains hopeful that her proposal to establish a national Bitcoin reserve could pass within the first 100 days of Donald Trump’s second presidential term. On Nov. 11, Lummis shared on X that bipartisan backing could propel the bill forward if public support strengthens.
Digital asset funds saw inflows of $1. 2 billion last week, marking a fifth straight week of positive momentum, according to crypto asset manager CoinShares. The increase pushed year-to-date inflows to an unprecedented $31.
Coinbase, the largest crypto trading platform based in the US, has seen its stock climb above $300—a milestone not reached since November 2021. Data from Yahoo Finance shows that the jump reflects a roughly 11% increase at market opening and coincides with Bitcoin’s recent surge above the $83,000 mark.
Over $590 million was liquidated in the crypto market over the past 24 hours, impacting 194,284 traders, according to data from Coinglass. The largest single liquidation order occurred on OKX’s BTC-USDT-SWAP, valued at $15.
Venture capital firm Andreessen Horowitz (a16z) views Donald Trump‘s reelection as a significant catalyst for the US crypto industry. In a Nov. 11 post, firm leaders Miles Jennings, Brian Quintenz, and Michele Korver shared their optimism that this political shift could bolster bipartisan efforts and open doors for US-led crypto innovation on a global scale.
A motion filed earlier this week rejected several of Kraken’s defenses and complained that the exchange was "trying to re-litigate the same issues repeatedly."
In recent years, crimes and crypto have grown inexorably entwined. Crypto crimes rise as its popularity and use cases grow, therefore putting at risk traders and companies alike. TrendMicro claims that even while the value of crypto transactions received by illegal addresses has reduced to an estimated $24.