Recent findings by TRM Labs have shed light on a troubling trend within the cryptocurrency industry – the rise 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 vulnerable to exploitation by criminals. The latest report revealed that illicit
The recent comments made by Federal Reserve chair Jerome Powell at the Jackson Hole symposium have sparked an increase in demand for bitcoin (BTC) in the United States. This surge in interest has led to a rise in the Coinbase Premium, reaching its highest level since July at 0.11%. The spike in this metric indicates
Opeyemi is not your average writer. He delves into the intriguing world of cryptocurrency with a fervor that is unmatched. While this digital asset industry may not have been his initial choice, he has embraced it wholeheartedly for over two years now. His passion shines through as he unravels the complexities of blockchain technology and
The highly-anticipated 2024 bitcoin bull run has not unfolded as expected, despite the asset hitting a new all-time high earlier in the year. The journey towards the coveted $100,000 mark has hit some roadblocks, with the price losing momentum along the way. The completion of the halving in April marked a key milestone for Bitcoin,
Semilore Faleti is a cryptocurrency writer who has delved deep into the world of blockchain and digital assets. With a focus on journalism and content creation, Semilore has become known for his ability to simplify complex concepts and make them accessible to a wide audience. His passion for the efficiency of digital assets in terms
The US Securities and Exchange Commission (SEC) has brought to light the pressing issue of retail investors lacking timely access to fund portfolio data. Commissioner Jaime E. Lizárraga pointed out that the current regulatory framework requires registered investment companies to provide periodic portfolio holdings data to the Commission and investors. This data delay affects around
Ethereum (ETH) has been facing a tough battle within a daily trading range of $2,300 to $2,800 since the beginning of August. In recent days, the cryptocurrency has been struggling to surpass the $2,600 mark, causing concerns among both analysts and investors. The failure to break through this resistance level has resulted in disappointment, especially
The U.S. Securities and Exchange Commission (SEC) recently initiated legal action against two brothers accused of orchestrating a Ponzi scheme that defrauded investors of $60 million. The complaint, filed in August in the United States District Court for the Northern District of Georgia in Atlanta, alleges that Jonathan Adam and Tanner Adam deceived over 80
Centralization in the world of cryptocurrency has long been a topic of debate and contention. The decentralized ethos that crypto strives to uphold can be easily undermined by high levels of centralization. This issue becomes particularly pronounced when looking at the distribution of holdings among the top wallets of popular project tokens like Polygon (MATIC)
The UK is witnessing a dramatic decline in registration applications from crypto firms, with a more than 50% drop in the past three years. This trend has been attributed to burdensome and time-consuming regulatory processes imposed by the Financial Conduct Authority (FCA). Recent data reveals that the FCA received only 29 registration applications between May
