Recent findings by TRM Labs have shed light on the concerning trend of illicit activity at crypto ATMs. According to their report, the proportion of illicit transactions at these machines is significantly higher than in the broader crypto industry. This disparity is attributed to the lack of stringent Know Your Customer (KYC) and Anti-Money Laundering
Crypto
The recent increase in demand for Bitcoin (BTC) in the United States, spurred by Federal Reserve chair Jerome Powell’s comments at the Jackson Hole symposium, has sparked interest in the cryptocurrency. Despite this surge in demand, the overall growth trend for Bitcoin has been relatively low and even negative in recent weeks. It is important
The highly-anticipated 2024 bitcoin bull run has not progressed as expected, despite Bitcoin’s achievement of breaking its 2021 all-time high early in the year. The momentum towards reaching the coveted $100,000 mark has slowed down and Bitcoin has faced some challenges along the way. Perplexity has identified a number of factors that could potentially spark
The U.S. Securities and Exchange Commission (SEC) recently filed a complaint against two brothers, Jonathan Adam and Tanner Adam, for orchestrating a $60 million Ponzi scheme. The complaint, lodged on August 26 in the United States District Court for the Northern District of Georgia in Atlanta, alleges that the siblings defrauded over 80 individuals by
The issue of centralization in the cryptocurrency space remains a contentious topic, with some of the popular project tokens such as Polygon (MATIC) and Shiba Inu (SHIB) coming under scrutiny for the high concentration of holdings among the top wallets. According to data from Santiment, Polygon’s top ten wallets collectively control a staggering 69.4% of
Recent reports have surfaced regarding Ethereum co-founder Vitalik Buterin’s significant transfers of ETH, totaling millions of dollars. Buterin made two notable transfers, one involving 800 ETH worth $2.01 million, and another involving 3,000 ETH valued at approximately $8.04 million. These transfers have reignited debates within the Ethereum community regarding the role of ETH as a
Floki Inu (FLOKI) recently experienced a significant drop of approximately 20%, causing it to lose its position among the top 5 meme coins. The current price of FLOKI stands at around $0.0001272, with a market capitalization of $1.23 billion. This decline allowed Bonk Inu (BONK), with a market cap of $1.25 billion, to surpass Floki
The cryptocurrency markets experienced a whirlwind of activity over the past week, with bitcoin taking investors on a rollercoaster ride. The week started on a high note, with BTC soaring past $65,000 for the first time in weeks. However, this upward momentum was short-lived, as the asset quickly retraced its gains and slipped beneath $58,000
Elon Musk, the controversial CEO of Tesla Inc., recently achieved a significant legal victory as a high-profile lawsuit accusing him of manipulating the price of Dogecoin was dismissed by U.S. District Judge Alvin Hellerstein. The lawsuit, filed by a group of disgruntled investors, alleged that Musk and his company artificially inflated the price of the
In the volatile world of cryptocurrency trading, where prices can swing dramatically in a matter of hours, Popcat has emerged as a standout performer. While other meme coins like Dogecoin, Pepe, and Bonk saw declines in their prices, Popcat managed to achieve an impressive 52% weekly gain. This surge in price can be attributed to