A recent incident involving a London resident has brought to light the risks associated with operating Bitcoin ATMs without proper registration. Habibur Rahman, a 37-year-old man from East Ham, is facing charges for running a Bitcoin ATM without the necessary authorization from the Financial Conduct Authority (FCA). This case is significant as it represents the
Crypto
Bitcoin, a decentralized digital currency, has been a hot topic of discussion in recent years. With its inception in 2009, Bitcoin has revolutionized the way we perceive traditional currencies. Many financial experts have scrutinized its resilience and stability, especially during times of economic turmoil. Peter Diamandis, the founder of X Prize and Singularity University, recently
The payments industry has experienced significant growth over the last five decades, becoming one of the largest and fastest-growing sectors globally. Despite this growth, the sector still relies on outdated technology that is over 50 years old. This outdated technology becomes increasingly inefficient as time passes, presenting a significant challenge for the industry to overcome.
The recent collaboration between Crypto.com, a prominent cryptocurrency exchange based in Singapore, and Standard Chartered, a multinational banking institution, has sent shockwaves through the crypto industry. This partnership aims to provide retail users worldwide with access to fiat services, specifically enabling the deposits and withdrawals of the United States dollar (USD), the euro (EUR), and
The latest report by TRM Labs has highlighted a concerning trend in the crypto industry – the prevalence of illicit activity at crypto ATMs. According to the report, these cash-to-crypto services have processed over $160 million in illicit volumes since 2019, with a significant proportion of transactions in 2023 alone being linked to fraudulent activities.
In the wake of Federal Reserve chair Jerome Powell’s comments at the Jackson Hole symposium, the demand for bitcoin (BTC) in the United States has been on the rise. This surge in interest has been reflected in the spike in the Coinbase Premium, reaching its highest level since July at 0.11%. The increase in demand
As the highly-anticipated 2024 bitcoin bull run unfolds, it is clear that things are not going as planned. Despite initially breaking its 2021 all-time high, the journey towards the coveted $100,000 mark has been met with setbacks and disappointments. Perplexity, a popular AI chatbot, has highlighted some key factors that could potentially propel another bullish
Recent news has brought to light the shocking revelation of two brothers, Jonathan Adam and Tanner Adam, who have been charged by the U.S. Securities and Exchange Commission (SEC) for orchestrating a $60 million Ponzi scheme. The complaint, filed in the United States District Court for the Northern District of Georgia in Atlanta, uncovers how
The recent transfer of 800 ETH by Ethereum co-founder Vitalik Buterin has once again sparked discussions within the crypto community. This move, estimated to be worth $2.01 million, was made to a multisig wallet. Following this transfer, 190 ETH from the same wallet was exchanged for 477,000 USDC, a stablecoin pegged to the U.S. dollar.
Centralization in the cryptocurrency space has long been a point of contention among enthusiasts and proponents of decentralized finance. The concentration of holdings in the top wallets of popular project tokens such as Polygon (MATIC) and Shiba Inu (SHIB) has raised significant concerns about the potential risks associated with high centralization. According to data shared
