The recent report released by the EU Innovation Hub for Internal Security sheds light on the significant impact that cryptocurrencies are having on law enforcement efforts. One of the key findings of the report is the increasing difficulty for authorities to track and recover illicit digital assets that are being moved through decentralized methods like
The recent integration of BloFin Exchange with the Chainalysis blockchain data platform signifies a major milestone in the world of cryptocurrency trading. This development is not only aimed at bolstering the exchange’s security measures but also at enhancing its compliance capabilities. By implementing the Chainalysis crypto risk solution, BloFin can now monitor cryptocurrency transactions in
As risk assets in the financial sector face mounting vulnerabilities, experts are turning their attention to Bitcoin (BTC) and the potential impact of economic factors on the cryptocurrency. The recent release of stronger-than-expected jobs data by U.S. authorities has cast a shadow over risk assets, including BTC. The concern stems from the possibility that the
In a recent announcement, Animoca Brands Corporation Limited and its subsidiary, Bacasable Global Limited, revealed that The Sandbox had secured $20 million in funding. This funding round comes with a valuation cap of $1 billion, showcasing Animoca’s commitment to advancing digital property rights within the open metaverse. The injection of capital will accelerate The Sandbox’s
The recent surge in the cryptocurrency market has brought about renewed optimism as investment funds experience a historic influx. According to CoinShares, a prominent digital asset manager, the market witnessed a record-breaking $2 billion inflow into crypto funds in just one week. This surge surpassed the entire month of May’s net inflows, marking a significant
Ethereum price recently made an attempt to clear the $3,720 resistance level, however, it failed and started a decline. The price is now at risk of further losses below the $3,550 support zone. This failure to break through the resistance is a concerning sign for Ethereum investors and traders. Looking at the hourly chart of
The US spot Bitcoin ETFs, including GBTC, started off June on a high note despite hints of waning hype. In the first week alone, these ETFs collectively purchased 25,729 BTC, showing a strong interest from investors. This marked a significant increase compared to the previous months, with data showing that in January, these ETFs acquired
The Arbitrum Foundation, known for its Ethereum Layer 2 scaling solution, has recently announced a significant investment in the gaming sector within its ecosystem. This initiative, known as the Gaming Catalyst Program (GCP), aims to foster growth and innovation by promoting the use of Arbitrum, Orbit, and Stylus among game developers and players. Approval and
The recent spike in the price of Ethereum (ETH) has brought the cryptocurrency close to the $4,000 mark, sparking renewed market enthusiasm. This surge can be attributed to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. According to a report by CoinShares, digital asset investment products have
Bitcoin experienced a lackluster weekend in terms of price action, with a brief uptick towards $70,000 that was short-lived. The momentum was quickly halted, and the cryptocurrency retreated to familiar territory. Similarly, most altcoins have also shown little movement, with only a few exceptions such as BNB, NEAR, FIL, and FET, which have experienced significant