Recent findings by TRM Labs have shed light on a troubling trend within the cryptocurrency industry – illicit activity at crypto ATMs. The report highlights that these cash-to-crypto services have processed over $160 million in illicit volumes since 2019, with a significant portion occurring in 2023. Interestingly, the proportion of illicit transactions at crypto ATMs
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John is a writer who has found his passion in the world of cryptocurrency. Despite not initially choosing to delve into the digital asset industry, he has become deeply engrossed in it for over two years now. John takes great pride in his ability to create insightful pieces that demystify the complexities of blockchain technology
The recent comments made by Federal Reserve chair Jerome Powell at the Jackson Hole symposium have sparked a surge in the demand for bitcoin (BTC) in the United States. However, this increased interest seems to be confined mainly to BTC, as the overall demand growth in the cryptocurrency market remains at low levels. According to
The much-anticipated 2024 bitcoin bull run has hit a snag despite an early surge that broke the previous all-time high from 2021. The journey towards the $100,000 mark has been tumultuous, with Bitcoin struggling to maintain its momentum. The recent fourth halving event in April did not yield the expected results, and the cryptocurrency market
The US Securities and Exchange Commission (SEC) has recognized the importance of retail investors having more timely access to fund portfolio data. Currently, registered investment companies are required to provide periodic portfolio holdings data to the Commission and investors, but this information is often delayed. This delay can negatively impact millions of US households, leaving
Semilore Faleti is a prominent figure in the realm of crypto journalism, known for his expertise in blockchain and cryptocurrency. With a background in content creation and a passion for digital assets, Semilore has made significant contributions to the field over the past few years. Starting out as a writer covering various topics, Semilore quickly
Ethereum (ETH) has been facing significant challenges in the market recently, with its price ranging between $2,300 and $2,800 since the beginning of August. One of the main concerns for analysts and investors has been the struggle to break past the $2,600 mark over the past few days. This performance has disappointed many, especially when
The recent charges brought by the U.S. Securities and Exchange Commission (SEC) against the Adams brothers shed light on the deceptive practices that are prevalent in the crypto space. The brothers, Jonathan and Tanner Adam, duped investors by falsely claiming to operate a crypto bot that would yield high monthly returns. Their promises of identifying
The Financial Times reported that crypto firms are increasingly turning away from the UK due to burdensome and time-consuming regulatory processes. According to a report by law firm Reed Smith, registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have plummeted by more than 50% in the past
Centralization remains a significant issue within the crypto space, with high levels of concentration of holdings among the top wallets of popular project tokens. This poses a threat to the decentralized nature that many cryptocurrencies aim to embody. Tokens such as Polygon (MATIC) and Shiba Inu (SHIB) exemplify extreme levels of centralization, with the top
