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Following the latest statements from China’s central bank concerning cryptocurrencies and offshore crypto exchanges, massive amounts of funds have been moving onchain. On September 26, at approximately 1:00 a.m. (UTC) 72,999 BTC or $3.1 billion in bitcoin was dispersed to unknown wallets. Huobi to Gradually Retire Mainland China Users, 800K Ether Move from Huobi to […]Powered by WPeMatico
Democratic Representative Bill Foster has called for legal power to identify wallet holders and reverse crypto transactions in instances of criminal behavior such as ransomware attacks.
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Onchain data indicates that bitcoin transactions per day have plummeted to lows not seen since October 2018. Further, bitcoin transaction fees have dropped 93% after touching a high of $62 per transaction in April 2021. Bitcoin Daily Transaction Rate Dips by 35%, Google Trends Data Shows Interest Has Dropped Since May While bitcoin (BTC) prices […]Powered by WPeMatico
The Indian government is reportedly mulling over imposing an 18% goods and services tax (GST) on bitcoin transactions. According to the Central Economic Intelligence Bureau, the government could gain Rs 7,200 crore annually from this bitcoin taxation. 18% GST on Bitcoin Trades The Central Economic Intelligence Bureau (CEIB), an arm of the finance ministry, has […]
The post India Considers 18% GST on Bitcoin Transactions appeared first on Bitcoin News.
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According to a study published by the blockchain analysis firm Elliptic, over 13% of all proceeds of crime in bitcoin (BTC) were laundered via privacy wallets in 2020, up from 2% from the figures posted in 2019. 13% of All Proceeds of Crimes Leveraging BTC Were Laundered Via Privacy Wallets Dr. Tom Robinson, Elliptic’s co-founder […]
The post Study: Over 13% of All Proceeds of Crimes in Bitcoin Passed Through Privacy Wallets in 2020 appeared first on Bitcoin News.
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A study revealed that darknet markets have astonishing figures so far in 2020, despite the coronavirus pandemic, but the dynamics changed compared to the last year’s numbers. Darknet Vendors Surpassed $800 Million in Revenues Despite Covid Pandemic According to the Chainalysis report, darknet marketplaces surpassed the $800 million threshold worth of cryptocurrencies in revenue made […]
The post Darknet Market Crypto Revenues Hit All-Time Highs in 2020 appeared first on Bitcoin News.
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Russia’s telecom regulator Roskomnadzor has added Binance, the world’s largest crypto exchange, to the list of blacklisted websites in the country. The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from Roskomnadzor. In an announcement on its Russian Telegram channel, Binance said it […]
The post Crypto Exchange Binance Blacklisted by Russia’s Telecom Censorship Agency appeared first on Bitcoin News.
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A Fifth Circuit panel of judges recently ruled that Fourth Amendment rights do not apply to cryptocurrency transaction data that stems from an exchange. The U.S. court ruled against the defendant, Richard Gratkowski, who attempted to leverage the Fourth Amendment in an appeal. According to the ruling of a three-judge panel from the Fifth Circuit […]
The post 4th Amendment Does Not Protect Bitcoin Data, US Fifth Circuit Court Rules appeared first on Bitcoin News.
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Two-thirds of people who use Coinbase are willing to leave the platform following reports that the U.S. exchange plans to sell user data to two government agencies for $250,000. Cryptocurrency trader and analyst John Rager carried out a poll on Twitter, asking his 73,000 followers: “Would you actually delete or stop using your Coinbase account?” […]
The post 66% of Coinbase Users Willing to Leave the Exchange Due to Mounting Privacy Concerns appeared first on Bitcoin News.
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Cryptocurrency enthusiasts often keep tabs on different statistics to determine how the industry is evolving. Ever individual ecosystem has its own setbacks and advantages, although most of the attention still revolves around Bitcoin first and foremost. When it comes to the overall number of daily Bitcoin transactions, it would appear the world’s leading cryptocurrency is on the right track to set a new all-time high pretty soon. Impressive Bitcoin Transactions Statistics Over the past few months, there have been some interesting changes as far as the number of Bitcoin transactions is concerned. After the massive spike taking place between early
The post The Number of Bitcoin Transactions Slowly Approaches Late 2017 Bull Run Levels appeared first on The Merkle Hash.
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