Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk. There is no doubt that digital currencies provide benefits for an individual, a company and an institution by facilitating better access to financial products and services. Money laundering costs the global economy between $800 billion and $2 trillion annually, […]
Continue Reading
Bitcoin balances on major exchanges drop to levels not seen since last summer’s bull run as demand and BTC price are on the rise. As July comes to a close, the amount of Bitcoin (BTC) held by major cryptocurrency exchanges has reached its lowest level since late May 2019. At that time, Bitcoin’s price was […]
Continue Reading
Decentralized exchange Curve has attracted record volumes after revealing plans for the retroactive distribution of its forthcoming governance token. Decentralized finance (DeFi) liquidity pools continue to surge in popularity, with the Curve Finance decentralized exchange (DEX) consistently hosting more than $60 million in daily volume for the first time this past week, according to Dune […]
Continue Reading
Wash trading hurts investors and taints the crypto industry, but extinguishing it will be difficult absent global regulation. When Bitwise Asset Management declared in a March 2019 presentation to the United States Securities and Exchange Commission that 95% of the Bitcoin (BTC) trading volume being reported globally on cryptocurrency exchanges was “fake,” it jolted rating […]
Continue Reading
Bakkt breaks another record with more than 11,700 Bitcoin futures contracts traded on Tuesday. Intercontinental Exchange subsidiary, Bakkt, is reporting record numbers of trades for its monthly Bitcoin futures contracts as BTC prices made a new high for the year. The institutional investing platform reported its highest ever figure for Bitcoin monthly futures on Jul. […]
Continue Reading
Grayscale’s Bitcoin Trust currently holds $4.3B assets under management, but this growth may be due to ‘in kind’ purchases. Crypto fund manager Grayscale Investments has managed to increase its assets under management by another $1 billion in less than two weeks. According to an update posted to Grayscale’s Twitter account on July 28, the investment […]
Continue Reading
With the value of funds locked in DeFi almost quadrupling in less than two months, the community is debating whether DeFi is in a bubble. Data published by crypto market analytics firm Messari on July 29 indicates that the collective capitalization of the decentralized finance (DeFi) sector is equal to only 1.5% of the entire […]
Continue Reading
Ads boasting that the price of the controversial HEX token has risen 11,500% in four months appeared at English Premier League soccer games. Richard Heart’s controversial HEX token has launched an advertising blitz in the U.K., plastering ads on London public transportation, in newspapers, and during English Premier League soccer games. As reported by Twitter […]
Continue Reading
Digital Assets Data CEO Mike Alfred explains increased Bitcoin interest from a number of parties. Mike Alfred, CEO of analytics firm Digital Assets Data, described increased Bitcoin (BTC) enthusiasm from the public amid flying prices. “We are seeing more signs of increased institutional interest,” Alfred told Cointelegraph of Bitcoin on July 28 — the day […]
Continue Reading
As Bitcoin price surged above $10K, USDT exchange inflows reached an 8-month high. Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin (BTC) soared to $10,270, although BTC […]
Continue Reading