Cryptocurrencies have become a significant challenge for law enforcement agencies around the world. The EU Innovation Hub for Internal Security recently released a report highlighting the difficulties faced by authorities in tracking and recovering illicit digital assets moved through decentralized methods using privacy coins, layer-2 networks, and crypto mixers. The report emphasizes how the reliance
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As risk assets in the financial sector are starting to show signs of vulnerability, market experts are closely watching for potential economic factors that could have a similar impact on bitcoin. The recent release of stronger-than-expected US jobs data caused a dent in various assets, including BTC. However, bitcoin managed to navigate through the storm,
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In the fast-paced world of cryptocurrency trading, security and compliance are paramount for exchanges to thrive and succeed. BloFin Exchange, a leading cryptocurrency trading platform, has recognized the importance of integrating the Chainalysis blockchain data platform to enhance its compliance capabilities and safeguard the assets of its global user base. This strategic collaboration is pivotal
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Animoca Brands Corporation Limited and its subsidiary Bacasable Global Limited have recently announced that their user-generated content platform, The Sandbox, has successfully raised $20 million in funding. This funding round includes a valuation cap of $1 billion for the platform, solidifying Animoca’s reputation as a pioneer in advancing digital property rights within the open metaverse.
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The cryptocurrency market is experiencing a surge of optimism as investment funds witness a historic inflow surge. CoinShares, a top digital asset manager, reported a record-breaking $2 billion influx into crypto funds in just one week, surpassing the entire month of May’s net inflows. This positive trend, spanning over five consecutive weeks, has pushed total
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The US spot Bitcoin ETFs, including GBTC, had a remarkable beginning to June despite some signs of diminishing hype. Data reveals that during the first week alone, these ETFs collectively bought a staggering 25,729 BTC. This follows a trend seen in previous months where significant amounts of BTC were acquired by these investment vehicles. In
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Ethereum price recently faced resistance at the $3,720 level, leading to another decline in price. The current situation has put ETH at risk of further losses below the $3,550 support zone. This resistance level has proven to be a significant challenge for Ethereum in terms of price movement. The hourly MACD for ETH/USD is showing
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The Arbitrum Foundation, known for its Ethereum Layer 2 scaling solution, has taken a bold step towards fostering growth in the gaming industry within its ecosystem. By approving a proposal to distribute 225 million ARB tokens, valued at approximately $215 million, over the next three years for the Gaming Catalyst Program (GCP), the foundation aims
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In response to the recent price spike that almost brought Ethereum (ETH) to the $4,000 mark, the second-largest cryptocurrency has seen renewed market enthusiasm and inflows. This surge was triggered by the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications from major asset managers. According to a report by CoinShares, digital asset
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