Some cryptos enjoyed a small bounce this week, but the “winter” is far from over with prices well below last year’s highs. The price of bitcoin is down 44% from its highs. Ethereum’s price hovers 43%,...
Tag: Money
Fidelity Discusses Future of Crypto Ecosystem — Says Bitcoin Is ‘a Superior Form of Money’ – Featured Bitcoin News
Fidelity Digital Assets has released a report explaining why bitcoin is a superior form of money. The report discusses the future of the digital asset ecosystem and compares bitcoin to newer and small...
Qubit Finance Crypto Platform Hacked; A Lot of Money Is Gone
It’s happened again, folks. Another crypto hack is in the books and a lot of money has been stolen. This time, the victim is a digital currency platform known as Qubit Finance, a defi trading arena. T...
‘Significant’ Wash Trading, Money Laundering in NFT Market: Chainalysis
Chainalysis—a blockchain analytics platform—has found “significant” evidence of wash trading and money laundering in the emerging NFT market. “As is the case with any new technology, NFTs offer poten...
Bob Johnson says Biden’s Build Back Better bill needs to direct money to Black-owned businesses
BET founder Bob Johnson told CNBC on Tuesday the Biden Administration needs to take additional steps in its Build Back Better plan to tackle the wealth gap between Black and white Americans. “Wh...
Bitcoin is a superior form of money- The Cryptonomist
Recently, Fidelity Digital Assets (FDA) published a report called “Bitcoin First” and dedicated specifically to Bitcoin. Fidelity: Bitcoin is superior money Fidelity Digital Assets is the cryptocurre...
Fidelity Digital Assets: Bitcoin Is Superior Money
Fidelity Digital Assets (FDA), the digital asset arm of leading asset manager Fidelity Investments, said in its report that Bitcoin is a superior form of money compared to other digital currencies. Ne...
Money Laundering Accounts for Less Than 1% of All Crypto Transactions Last Year: Chainalysis Report
New data from Chainalysis reveals that while money laundering schemes involving digital assets rose last year, they still comprise a tiny fraction of overall crypto transactions. In a new report, the ...
Multiple Protocol is Decentralizing Money Market Funds
As the blockchain and cryptocurrency industry grows, more and more traditional finance instruments are adopted. Decentralized finance or DeFi offers standard financial tools while still working with n...
Binance Restricts Over 200 Nigerian Accounts Amid Money Laundering Requirements
Crypto exchange Binance has restricted a total of 281 personal accounts belonging to Nigerian users, per Reuters. Binance CEO Changpeng Zhao (CZ) reportedly told these customers in a letter that the ...
Binance Restricts 281 Nigerian Users in Relation to Money Laundering Laws
Binance restricted 281 Nigerian users in relation to safeguarding international money laundering, CEO Changpeng Zhao said. Zhao said that the accounts were blocked due to a need to comply with interna...
Tornado Cash Crypto Mixer Stoking Money Laundering Fire
One of the most highly-cited criticisms of crypto by politicians and lawmakers is money laundering, and platforms such as Tornado Cash are fueling this fire. While it is true that plain old cash is st...
M3F Music Festival In Phoenix Donates Profits To Charity Which Seems Like The Future
Silky Shots M3F Festival Phoenix, AZ The last two years have played havoc with people’s lives. Covid has been disruptive in a way few of us have ever seen: jobs lost, connections broken and the way in...
Chainalysis: Crypto Money Laundering Is Still a Big Deal
According to a new document published by blockchain analysis firm Chainalysis, nearly $9 billion in crypto funds were laundered last year by cybercriminals. Overall, as much as $8.6 billion was placed...
Crypto’s ‘Tornado Cash’ fans money laundering fears, may be ‘tip of the iceberg’
On January 17th, with cryptocurrency prices being widely routed by risk aversion, Crypto.com flagged a “security incident” that caused the operation to freeze withdrawals. Days later, the...
These 3 Stocks Hit Higher Highs As The Market Tanked
Business Graph getty Typically, it’s a good sign when a stock continues upward to new highs while most other stocks are selling off like mad. Looking at the list of new highs this week, you could find...
How Low Can Bitcoin Go? The Views Vary.
Illustration by Elias Stein Text size Tighter monetary policies are weighing on speculative assets like crypto, Bitcoin crashed from $43,000 to $33,000 in four days and lost 23% of its value. On Jan. ...
Here are the odds you’ll outlive your money
What year was the worst possible time in U.S. history to retire, from an investment point of view? To put this question another way: What year’s U.S. retirees had the greatest difficulty sustaining th...
Robinhood stock price forecast as the smart money index retreats
The Robinhood (NASDAQ: HOOD) stock price meltdown continued on Friday as investors reflected on the company’s slowing growth. The stock has crashed by over 15% in extended hours. As a result, it has c...
UAE Based Money Transfer Firm Announces Partnership With Ripplenet – Blockchain Bitcoin News
Al Fardan Exchange, a money transfer firm, has joined up with Ripplenet in a deal that will see the company use the Ripplenet blockchain when sending funds across national borders. Al Fardan’s Reasons...
Crypto Money Laundering Booms 30% in 2021
Cryptocurrencies have become the most preferred proceed for fraudsters and criminals due to their anonymity, ease of access, and ability to cross borders. Similarly, cybercrimes in the crypto-space ar...
Cryptocurrency Money Laundering Climbs 30% in 2021
Compared to 2020, the crypto-related activities of cybercriminals surged substantially in 2021. The fraudulent actors laundered more than $8.6 billion worth of cryptocurrency assets last year, which i...
DeFi Becomes Popular Tool For Money Laundering: Chainalysis
The Chainalysis Crypto Crime Report 2022 has observed that DeFi protocols contributed to a significant 37% of all crypto scam revenue in 2021, becoming the preferred tool for money laundering by cyber...
Books to Learn More About Money and Crypto
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Ethereum ‘likely to capture a portion of the $123 trillion global money supply’
Despite the fact that a bear market might be taking over, fund managers remain hopeful about the crypto-space in the long-term. In fact, the most recent report by Cathie Woods’ ARK Investments has cla...
Crypto money laundering up by one third in 2021 but still below record
A new Chainalysis report has revealed that $8.6 billion in value was laundered through cryptocurrency in 2021. It marks a 25% increase from 2020, but still remains well below the high watermark hit in...
Will Anthony Joshua Accept Step-Aside Money To Make Way For Tyson Fury Vs. Oleksandr Usyk?
LONDON, ENGLAND – SEPTEMBER 25: Oleksandr Usyk of Ukraine fights Anthony Joshua of Great Britain … [+] during the Heavyweight Title Fight between Anthony Joshua and Oleksandr Usyk at Totte...
Older Investors Have a Lot of Money in Stocks. How to Check if It’s Too Much.
A suddenly sliding stock market is sending a wake-up call to older Americans that maybe they shouldn’t invest like they used to. Many are likely to ignore that call. Thanks to a long bull market that ...
Money laundering 0.05% of all crypto transactions in 2021: Chainalysis report
Every year since 2017, blockchain analysis company Chainalysis publishes a report focusing on money laundering and illicit transactions going through the cryptocurrency ecosystem. This year’s report s...
Opinion: Warren Buffett is teaching meme-stock players and crypto traders some hard lessons about why market fundamentals still apply
In early 2021, age-old investing principles of business valuation were declared passe by meme-stock buyers, SPAC enthusiasts, and crypto-traders. A new generation of market players declared that Warre...