In a significant development in financial crime fighting, Binance, the world’s leading cryptocurrency exchange, has played a pivotal role in dismantling an elaborate online gaming scam in India. This particular case highlights the critical importance of collaboration between public authorities and private firms in addressing complex financial crimes. The Indian Enforcement Directorate (ED) reported that
Crypto
The cryptocurrency landscape is constantly evolving, and one of the pivotal metrics that shed light on user engagement is the daily active address count. This metric counts the wallets that are actively engaged in transactions within a specific timeframe. An analysis by the market intelligence platform IntoTheBlock has revealed noteworthy insights into the daily active
In a remarkable twist, US investors have demonstrated an overwhelming appetite for spot Bitcoin Exchange-Traded Funds (ETFs), with more than $1 billion flowing into eleven US-based funds throughout the past trading week. This surge not only underscores a revitalization of interest in cryptocurrencies but also hints at changing investment strategies among both seasoned and novice
The escalation of cybercrime, particularly in the realm of cryptocurrency, has drawn the stern attention of global law enforcement agencies. Notably, the recent actions taken by U.S. authorities against Russian nationals Sergey Sergeevich Ivanov and Timur Shakhmametov underscore a significant effort to disrupt what has been described as one of the more sophisticated money laundering
Recently, Bitcoin has achieved a significant milestone by breaking above the resistance level of $64,000, alongside its 200-day moving average. This breakthrough is indicative of a strong bullish momentum, which many traders and crypto enthusiasts are eagerly observing. The daily chart exhibits a clear upward trajectory, with the Relative Strength Index (RSI) signaling positive momentum.
Bitcoin, the pioneer of cryptocurrencies, experienced a notable rally following the US inflation data released last Friday. For the first time in nearly two months, Bitcoin breached the $66,500 mark, showcasing its potential for recovery even in a turbulent market. However, the journey was not without its fluctuations. After standing strong over the weekend around
The ongoing intertwining of cryptocurrencies and politics has created a complex and contentious landscape. Recently, a significant incident involving an organization named Stand With Crypto, which is backed by Coinbase, emphasizes the shifting perceptions around political endorsements for digital currency. This incident raises essential questions about how politicians are evaluated for their cryptocurrency policies and
The landscape of cryptocurrency is fast-evolving, with Ethereum (ETH) at the forefront of this transformation. A recent report by Coinshares, dated September 24, highlights important insights into the current use cases driving Ethereum’s adoption. The analysis identifies marketplaces and stablecoins as key components of Ethereum’s ecosystem, comprising slightly over half of its existing applications. Despite
The Shiba Inu cryptocurrency has been creating a stir in the investment community lately, with a notable uptick in its price and increased engagement from its user base. Although its recent gains are impressive, it’s crucial to scrutinize whether this growth is sustainable and what underlying factors are contributing to its performance. In a striking
As the cryptocurrency landscape continues to evolve, so too do the legal frameworks that govern it. One particularly striking case is that of Roman Storm, co-founder of the notorious crypto mixing service, Tornado Cash. Storm is set to face trial on December 2 in New York, confronting serious money laundering charges that could have enduring
