A recent incident in London has brought to light the first case of a UK resident being charged with operating a Bitcoin ATM without proper registration. Habibur Rahman, a 37-year-old resident of East Ham, was arrested following a raid by Kent Police at a gadget shop in Chatham. The outlet, Gadcet, was found to have
Crypto
The payments industry has experienced significant growth over the past five decades, becoming one of the largest and fastest-growing sectors globally. However, a major issue plagues this sector – it still relies on outdated technology rails that are now 50 years old. This antiquated technology becomes increasingly inefficient as time passes, hindering the industry’s ability
Peter Diamandis, a renowned figure in the world of technology and innovation, recently posed a thought-provoking question to his substantial following on X. The responses he received shed light on the unwavering reliability of Bitcoin. One notable reply highlighted Bitcoin’s track record of consistently fulfilling its core function of processing transactions and maintaining the integrity
Crypto.com, a Singapore-based cryptocurrency exchange, has recently partnered with Standard Chartered, a leading multinational banking institution, to offer fiat services to retail users worldwide. This collaboration marks a significant milestone in Crypto.com’s global expansion plans, starting with the provision of banking and payment solutions to facilitate the deposits and withdrawals of USD, EUR, and AED
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
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 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
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
Vitalik Buterin, the co-founder of Ethereum, has once again stirred up controversy within the crypto community by making significant transfers of ETH. Recent reports indicate that Buterin moved a total of 800 ETH, valued at approximately $2.01 million, to a multisig wallet. Following this transfer, 190 ETH from the same wallet were exchanged for 477,000
