Crypto inflows hit $2B in June, Ethereum sees best week since March with $69M

The proceeds of crypto crime fell by more than $5 billion in 2020, due to increasing regulatory compliance by crypto exchanges and declining scams. 2488 Total views 15 Total shares Revenue from crypto-related crime dropped by more than half in 2020 according to Chainalysis’ annual report on the subject.Cybercriminals netted around $5 billion less than…

The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022. 69 Total views 12 Total shares The Central Bank of Kenya received comments on a discussion paper on the potential issuance of a digital shilling, and hasn’t a definitive conclusion. In a June 2 announcement on Twitter,…

The 2021 crypto bull market has notched another record, continuing a streak of unprecedented performance. 1169 Total views 9 Total shares The combined value of all cryptocurrencies broke a new record of close to $1.139 trillion at 8:50 a.m. UTC on Feb. 4 . While long-term analysts often eye Bitcoin's solo chances of eating into gold's…

Seasoned Bitcoin (BTC) investors know that the crypto market trades in cycles, and now that BTC price has surpassed its previous all-time high, a full-on bull cycle is underway. Crypto market data daily view. Source: Coin360As this new cycle gathers steam, the mainstream media are all abuzz with articles about Bitcoin and everyone from world-renowned investment…

Dapper Labs targeting DAO's with Brud acquisitionDapper Labs, the $7.5 billion team responsible for NBA Top Shot and Flow Blockchain, acquired virtual influencer start-up Brud this week. In the Monday announcement, CEO Trevor McFedries announced a new initiative titled Dapper Collective which will aim to support communities in building decentralized autonomous organization, or DAO, through…

The price of Ether (ETH) declined 6% between March 2 and 3, followed by tight-range trading near $1,560. Still, analyzing a wider time frame provides no clear trend, as its chart can point to a descending channel or a slightly longer seven-week bullish pattern.Ether (ETH) price index in USD, 1-day. Source: TradingViewEther’s recent lack of…

Mining for Bitcoin may be contributing to “thick layers of toxic smog” and blackouts across many Iranian cities. 1906 Total views 12 Total shares The push by many in Iran to establish the country as a mecca for crypto miners may be having some unintended environmental consequences. According to a Bloomberg report, the energy requirements of…

United States Treasury Secretary Steven Mnuchin has attributed the recent spate of firms abandoning Facebook’s Libra stablecoin project to regulatory concerns.On CNBC’s Squawk Box on Oct. 14, Mnuchin stated that companies are abandoning the Libra project because it is “not up to par” with American Anti-Money Laundering standards, saying:“If they don’t meet the standards of…

Since coming to power back in 2016, President Trump seemed to have reinvigorated the United States stock market after it showed signs of slowing down throughout the first half of the previous decade. Just three weeks ago, the American market witnessed a combined gain of 58% compared with the last three or so years. However,…