The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning
The United States IRS agency has announced a bounty of up to $625k to anyone who can crack Monero’s privacy. Go to Source Powered by WPeMatico
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Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent onchain in the last year. The total … Read more
$16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July
Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged stablecoins have seen demand, the longstanding tether is still capturing most of the … Read more
Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America
On August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide. According to the statistics, North America purchases and holds more bitcoin than any other region. Bitcoin also accounts for the largest share of U.S. crypto asset activity with 72% of all the transaction volume. The blockchain … Read more
Twitter Hack Shows That Crypto Is Easier to Investigate Than Fiat, Say Industry Law Experts
A panel of compliance experts from the crypto industry agreed that law enforcement and institutional finance have been hearing more positive narratives about crypto. Go to Source Powered by WPeMatico
How Billion-Dollar Crypto Scams Lure Victims
In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico. According to reports, the two Oscar Brito Ibarra and Ignacio Ibarra may have been kidnapped and murdered but the motives behind their murder is unclear. Onecoin is one of the biggest cryptocurrency Ponzi schemes that creamed … Read more
Crypto Scammers Steal $381 Million in 2020, While Twitter Hackers Direct Funds to Mixers
Cryptocurrency related scams have taken a total of $381 million from victims so far this year. This figure makes crypto scams the largest category of cryptocurrency-related crimes so far in 2020. Chainalysis data still shows current figures are well below those seen in 2019. In 2019, scams accounted for 74% of crypto-related crimes. The current … Read more
Chainalysis Widens Access to Its Blockchain and Crypto Certification Program
Chainalysis is expanding access to its Chainalysis Cryptocurrency Fundamentals Certification program to the wider community. Go to Source Powered by WPeMatico
Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Addresses to Eat up Entire New Supply
A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving in 2024 could see retail accounting for acquiring … Read more
Visualize Crypto Transaction Privacy Scores With Blockchair’s ‘Privacy-o-Meter’
On June 24, the block explorer and blockchain data platform, Blockchair, announced the launch of a new privacy tool called the “Privacy-o-meter.” According to Blockchair, the new service combats blockchain surveillance companies by highlighting privacy issues for crypto transactions. This week the blockchain explorer and crypto analytics firm, Blockchair, revealed a new tool that aims … Read more