The latest report by TRM Labs has shed light on a troubling trend in the cryptocurrency industry – the prevalence of illicit activity at crypto ATMs. Unlike traditional cryptocurrency exchanges, these machines lack stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, making them a magnet for criminals looking to anonymously move funds. The
Crypto
The demand for bitcoin (BTC) in the United States has been on the rise recently, particularly following comments made by Federal Reserve chair Jerome Powell at the Jackson Hole symposium. This increased interest in BTC from U.S. investors has been reflected in various metrics, such as the Coinbase Premium, which surged to 0.11%, its highest
As the highly-anticipated 2024 bitcoin bull run continues to unfold, it is quite evident that the journey towards the coveted $100,000 mark has hit some roadblocks. Despite breaking its 2021 all-time high earlier in the year, Bitcoin has struggled to maintain its momentum and has faced several challenges along the way. While hopes were high
Recently, the U.S. Securities and Exchange Commission (SEC) filed a complaint against brothers Jonathan Adam and Tanner Adam for allegedly running a $60 million Ponzi scheme. The complaint was lodged in the United States District Court for the Northern District of Georgia, Atlanta, accusing the siblings of defrauding over 80 individuals. The brothers purportedly claimed
Centralization in the cryptocurrency space has become a point of contention, with some of the most popular project tokens displaying a high concentration of holdings among a few top wallets. For example, Polygon (MATIC) and Shiba Inu (SHIB) have emerged as leading examples, with Polygon’s top ten wallets controlling 69.4% of its total market capitalization
Vitalik Buterin, the co-founder of Ethereum, has recently made some significant transfers of ETH, raising questions and discussions within the cryptocurrency community. According to reports, Buterin moved 800 ETH, valued at $2.01 million, to a multisig wallet. Subsequently, 190 ETH from this wallet was exchanged for 477,000 USDC, a stablecoin pegged to the U.S. dollar.
The past week has been a rollercoaster ride for Bitcoin and most altcoins. Bitcoin started strong, soaring from around $60,000 to over $64,000 on Saturday after bullish developments in the US. However, the weekend brought turbulence elsewhere in the crypto market following the arrest of Pavel Durov, the founder and CEO of Telegram, which led
Recently, Floki Inu (FLOKI) experienced a significant drop of nearly 20%, causing it to lose its place among the top 5 meme coins. This decline resulted in its market capitalization falling to $1.23 billion, dropping it to the sixth position. The price of FLOKI is currently trading at around $0.0001272. Bonk Inu (BONK) managed to
Elon Musk, the renowned CEO of Tesla Inc., recently faced a high-profile $258 billion lawsuit that accused him and his company of manipulating the price of Dogecoin (DOGE), a popular meme-based cryptocurrency. The lawsuit, filed by a group of Dogecoin holders in June 2022, claimed that Musk and Tesla used social media and public statements
The cryptocurrency market was met with turbulence as most major coins experienced a slight dip in prices, with Bitcoin falling by 3% following a decrease in open interest for BTC futures among institutional investors. However, amidst the sea of red, Popcat, a meme coin, stood out with an impressive 52% weekly gain by midweek. This