Illegal on-chain cryptocurrency activities reach all-time highs of $20.1B

Illicit cryptocurrency on-chain transaction volume reaches all-time highs of $20.1 billion, growing for the second year in a row, according to a recent report by Chainalysis. The post Illegal on-chain cryptocurrency activities reach all-time highs of $20.1B appeared first on CryptoSlate.

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Assessing Tether's [USDT] health as whales and sharks take a bullish stance

USDT recently witnessed increased activities from sharks and whales. Tether inflow to exchanges also saw a bump.  Since an 11 January report revealed Tether's [USDT] plans to delist from tThe post Assessing Tether's [USDT] health as whales and sharks take a bullish stance appeared first on AMBCrypto.

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HashKey Report: DeFi Ecosystem on Rapid Pace for Break Out

Coinspeaker HashKey Report: DeFi Ecosystem on Rapid Pace for Break Out As the DeFi ecosystem tends toward maturity, the combined activities in this unique offshoot of blockchain technology rake in as much as $8.

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Nigeria Might Support Bitcoin And Cryptocurrencies, New Report Shows

The cryptocurrency market and bitcoin popularity in Nigeria have been rising in recent years. Despite the ban on crypto trades by the government in 2021, Nigerians continued to engage in cryptocurrency-related activities.

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Binance and OMFIF Collaborate to Support the Global Think Tank’s Annual Report

Binance will provide assistance to OMFIF on its future of payments as a result of a recent collaboration by the two and DMI. OMFIF has shown great interest in crypto lately from its activities.

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The U.S. Senators Revised Cybersecurity Bill To Include Crypto

Two U. S. senators passed a new bill amending the Cybersecurity Information Sharing Act of 2015 to include the crypto firms to report cyberthreats they face. The U. S legislators, Cynthia Lummis of Wyoming and Tennessee’s Marsha Blackburn, revised the Cybersecurity Information Sharing Act aimed at reducing criminal activities in crypto-space.

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Israel's Markets Regulator Grants First Crypto License to Private Company: Report

Hybrid Bridge Holdings Ltd. is reportedly the first company to receive a permanent license from the country's capital markets authority to engage in crypto-related business activities.

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Sixteen Arrested in South Korea for Illegal Crypto Trading Activities: Report

South Korean customs authorities on Tuesday arrested 16 people involved in illegal foregin exchange transactions, according to a report by local outlet Newsis.

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Afghan police close down cryptocurrency exchanges to enforce central bank ban: Report

The Afghan central bank declared forex trading un-Islamic and illegal earlier this year, and issued a warning about continuing activities a month later; now arrests have been made.

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KPMG, HSBC report identifies crypto startups with unicorn potential in Asia

A joint report by two leading financial institutions, KPMG and HSBC, revealed that over a quarter of the 6472 startups operating in the Asia Pacific region have their core businesses in crypto-related activities.

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Experts Claim Cyber Attacks On Crypto Firms Will Rise, What’s Ahead?

Regarding cryptocurrency cybercrimes and attacks, North Korea is a notable region with increased activities. Many groups are posing high threats through their attack on some crypto protocols. Also, a report in June disclosed that North Korea has 7 million active hackers.

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Indonesia to Host Coinfest Asia, First and Biggest Crypto Festival in Asia

According to a Chainanalysis report, in the first half of 2021, Asia accounted for 28% of the overall $1. 16 trillion global cryptocurrency transaction volume. Also, data from Messari shows that Asian markets accounted for 43% of global cryptocurrency activities with $296 billion in transactions between June 2020 and June 2021.

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Dogecoin gaining popularity for illegal activities, Elliptic report says

Popular meme cryptocurrency Dogecoin (DOGE) has increasingly become connected to several illicit activities such as terrorism financing, Ponzi schemes, and child sex abuse, according to a new report by Elliptic.

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Regulators need to determine whether miner extractable value is illegal, BIS report says

A new research paper published by the Bank for International Settlements has equated miner extractable value (MEV) to illegal activities in traditional markets like front-running and sandwich trades.

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India eyes 20% taxation on DeFi gains

According to a report from The Economic Times, India is looking to extend its crypto taxations to include gains made from decentralized finance (DeFi) activities. The post India eyes 20% taxation on DeFi gains appeared first on CryptoSlate.

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Transparency or security: Report analyses reasons behind DeFi hacks

After a huge year in 2021, hackers are continuing to target Defi platforms in Q1 2022. Chainalysis reported in a recent study about the increasing trend of malicious activities in the current year.

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FDIC Wants All US Banks To Report Crypto-Related Activities, Citing ‘Safety Hazards’

The Federal Deposit Insurance Corp. is advising banks to contact it if they are currently engaged in or intend to engage in cryptocurrency-related activities. The FDIC notes that exposure to crypto assets may pose “safety and soundness hazards, as well as financial stability problems.

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FDIC Asks All Banks to Report Crypto Activities

A top U.S. banking regulator has asked banks to report on their “crypto-related activities,” citing potential “safety and soundness risks as well as financial stability concerns” resulting from exposure to crypto assets.

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The FDIC wants US banks to report on current and intended crypto-related activities

The U.S. bank insurer has concerns over the ability of the institutions it supervises to assess crypto risks adequately, and it’s none too sure about its own abilities.

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Altcoin Action: Waves, Loopring Surge As Bitcoin Bulls Witness $48k

According to Santiment, bitcoin hit the $48k mark for the first time in 2022. The report also mentioned that Altcoin traders rode on the surge, with coins like Waves performing exemplarily well. Different recent activities around Bitcoin and crypto are…

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Crypto lobbying activities bloomed in 2021

A new report reveals that crypto company lobbying has quadrupled since 2018.

The post Crypto lobbying activities bloomed in 2021 appeared first on CryptoSlate.

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Report: Crypto lobbying activities bloomed in 2021

A new report reveals that crypto company lobbying has quadrupled since 2018.

The post Report: Crypto lobbying activities bloomed in 2021 appeared first on CryptoSlate.

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Binance stopped 'all activities focused on Israel' following regulatory request: Report

"... Binance has ... stopped marketing to Israelis and all activities focused on Israel until we examine the issue of licensing.”

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Report: Crypto ransomware payments in 2021 was over $600 million

Cybercriminals are receiving a high percentage of their payments in Bitcoin and Monero, according to a Chainalysis report.   The Crypto Crime Report examines the prevalence of illegal activities in the crypto space last year.

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Myanmar’s military government considers launching digital currency: Report

Major General Zaw Min Tun said rolling out a digital currency would "help improve financial activities in Myanmar."

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DappRadar Report: NFTs Immune to Dumping Crypto Prices, Blockchain Gaming Flips DeFi Activities

The latest Blockchain User Behavior report by DappRadar on January 13 suggests that NFTs are immune to crypto price fluctuations as experienced in the tail-end of 2021. Irrefutable on-chain data showed that traders were unfazed and more joined, judging from the 43 percent spike in the active wallet (UAW) plugging to Ethereum, the most activeRead More

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U.S. regulatory agencies release joint report on 'potential crypto-asset activities' of banking organizations

"Policy sprints" Three major US agencies--Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency-- released a joint statement recently. It listed crypto The post U.

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Ripple’s Q3 report, 2021 discusses this 'unprecedented' development about XRP

In order to make informed investment decisions, XRP investors need to consider the SEC vs Ripple Labs lawsuit in America, as well as the blockchain company’s activities in foreign markets. Ripple'sThe post Ripple’s Q3 report, 2021 discusses this 'unprecedented' development about XRP appeared first on AMBCrypto.

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China Calls All Crypto Transactions Illegal, Bitcoin Drops $4k In Response

China’s central bank has announced that all crypto-related transactions and services are now illegal. In response, Bitcoin drops down to $41k from $45k. China Announces All Crypto Transactions And Activities Are Illegal As per a report from Bloomberg, China has intensified its crackdown on crypto and Bitcoin as the nation’s central bank says all digital […]

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Data: Bitcoin (BTC) adoption grows 1,200% in Africa

The adoption of Bitcoin in Africa has swelled immensely over the past year, making it the third fastest-growing Bitcoin economy globally.  BTC adoption up by 1200% in Africa A report produced by Chainalysis estimated the growth to be over 1,200%, which means there has been an increase in Bitcoin activities carried out by retail investors […] The post Data: Bitcoin (BTC) adoption grows 1,200% in Africa appeared first on CryptoSlate.

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SEC Signs Deal with Blockchain Analytics Firm AnChain.AI to Closely Monitor DeFi Ecosystem

The US SEC wants to keep a close eye over what’s happening in the DeFi landscape. SEC Keeping a Watch Over DeFi Activities According to a report by Forbes published on Friday (August 27, 2021), blockchain analytics company AnChain.

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Largest Crypto Seizure In Australia: Police Seize $6M Worth Of Digital Currency

The percentage of illegal crypto transactions, according to this Chainalysis report, is about 2% of total transactions. Although the majority of cryptocurrency transactions is not illegal, it is increasingly being used for criminal activities.

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America offers $10 million in crypto rewards to ‘whitehat’ darknet sleuths

A CNN report has revealed that the US government is stepping up activities to better protect its systems as it is now looking to offer a crypto-assets rewards system to hackers who help them uncover state-backed actors and potential terrorists on the dark web.

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Chainalysis: Chinese sent $2.2 billion worth of cryptocurrency to fraudulent addresses

Chinese addresses sent more than $2.2 billion worth of cryptocurrency to addresses linked to illegal activities between April 2019 and June 2021, according to the latest report from analyst firm Chainalysis.

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Chinese Investors Lose Over $2 Billion To Cryptocurrency Scams

Cryptocurrencies including Bitcoin have gained some notoriety for their use in fraudulent activities. It seems the problem is still lingering as a recent report has revealed alarming amounts of scams facilitated by cryptocurrencies.

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Russia to Bring More Legislation to Crypto — New Bill Allows Crypto Confiscation

Russian officials aim to develop a new set of amendments that would authorize the government to confiscate crypto assets, as per a report by a local media outlet. Igor Krasnov, the Prosecutor General of Russia, asserted that the new bill would essentially target the cryptocurrencies used in illegal activities. Krasnov, who was speaking at a […]

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China’s AgBank Vows to Crack Down on Cryptocurrency Transactions

According to a June 21 Reuters report, the Agriculture Bank of China (AgBank) has moved to clamp down on crypto transactions and mining activities. AgBank, which is China’s major banking institution, cited recent guidelines from China’s central bank as the reason for its ban on virtual currencies.

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Hainan Province Warns Investors Against Illegal Crypto Fundraising Schemes

Chinese regulators in the Hainan province have warned residents not to involve themselves in cryptocurrency-related fundraising activities, as they are illegal in the island province.  Hainan Cautions Against Illegal Crypto-Related Fundraising Activities According to Reuters on Thursday (June 3, 2021), a report by Nanguo Metropolis Daily stated that the local branch of China’s central bank,Read More

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Chinese Bitcoin (BTC) Traders Turn to OTC Desks to Circumvent Ban

Trading activities on Chinese over-the-counter (OTC) desks have started to gain momentum once again just a few weeks after authorities announced plans to crack down on bitcoin (BTC) trading and mining operations, according to a Bloomberg report on May 30, 2021.

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Nothing but lies – Banks Contribute to more Global Pollution than Bitcoin

The banking system has always been against virtual currencies like bitcoin, and they repeatedly use it to raise concerns about mining activities harming the environment. Still, according to the latest report presented by Greenpeace and WFF, it is found that banks themselves have contributed to a majority of climate chaos.

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Why The Chinese Government Started Mining Bitcoin (BTC)

Reporter Colin Wu shared news published by Chinese state media PengPai related to Bitcoin mining activities by the national government. At the very least, China’s view of cryptocurrencies is ambiguous, but according to the report they have been dabbing with BTC.

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ECB Report: Public Prioritizes Privacy in Potential Digital Euro

According to a report published on April 14, privacy is the most important feature of a digital euro, especially for merchants and other companies. Both the public and professionals support requirements to prevent illegal activities, as less than 10% supported full anonymity.

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Cryptojacking Activity Decreased for the First Time Since 2018, Says Intelligence Report

Cryptojacking activity seems to be losing momentum, specifically types that mine monero, as a recent report unveiled a slowdown in the illicit crypto-mining activities in the cloud. A threat intelligence firm compiled the results.

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Cardano (ADA) intensifies efforts against scams with launch of new task force

Cardano (ADA) has rolled out a task force to fight fraudulent activities and scams. The launch is coming after a recent report of an increased spate of fraud within the crypto industry. Cardano founder Charles Hoskinson said he has been frustrated by the high levels of scams within the industry and thinks his company can […] The post Cardano (ADA) intensifies efforts against scams with launch of new task force appeared first on Invezz.

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South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions

South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing. Moreover, one of the South Korean regulatory bodies codified the measures announced last year on privacy coin listings.

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Philippines Central Bank Revisits Crypto Regulation

This development does not come as a surprise. More financial authorities around the world have begun to make deliberate efforts to clarify their stance on cryptocurrencies. The Philippines Takes a Stance According to a report from Inquirer, activities related to cryptocurrencies will be treated under the purview of the Philippines Central Bank.

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Janet Yellen Vows to Implement Laws to Curtail Illicit Crypto Use

Janet Yellen, President Biden’s nominee for Treasury Secretary, has clarified her stance on bitcoin (BTC) and other cryptocurrencies, making it clear that she will go all out to formulate and implement regulations that would curtail the use of blockchain-based cryptocurrencies for illicit activities, according to a Decrypt report on January 22, 2021. Yellen Not Anti-CryptoRead More

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Ukraine Oligarch’s Troubled US Steel Plant Has Been Quietly Mining Bitcoin: Report

The Kentucky-based CC Metals & Alloys steel plant owned by Ukrainian billionaire Ihor Kolomoisky is mining bitcoin as other activities have stopped, according to a report.

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Eastern Europe Actively Using Crypto for Illicit Purposes: Chainalysis

A significant amount of cryptocurrency activities in the Eastern Europe is related to the dark market and ransomware, according to a Chainalysis report.

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