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.
Opeyemi is a writer deeply immersed in the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become captivated by it over the past two years. He is known for creating insightful pieces that demystify blockchain technology and discuss the latest trends in cryptocurrencies. Opeyemi spends a significant amount of time
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
The US Securities and Exchange Commission (SEC) has been vocal about the need for retail investors to have more timely access to fund portfolio data. The current regulatory framework mandates that registered investment companies provide periodic portfolio holdings data to the Commission and investors. However, this data is often delayed, leaving investors with outdated information,
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 performance of Ethereum (ETH) has been lackluster recently, with the cryptocurrency trading in a narrow range between $2,300 and $2,800 since the beginning of August. However, what is more concerning is the decreasing interest in Ethereum ETFs, as revealed by critical data from Farside Investors. This waning interest has contributed to the cautious sentiment
The Financial Times recently reported a concerning trend in the cryptocurrency industry – a significant decrease in registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA). According to law firm Reed Smith, registrations have plummeted by more than 50% in the past three years, indicating growing frustration with
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
