Crypto

Chainalysis: Criminals moved $34 million in crypto through DeFi in 2020

Chainalysis: Criminals moved $34 million in crypto through DeFi in 2020

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Roughly $144.3 billion passed through decentralized exchanges (DEXs) in 2020, but not all transactions involved legally-obtained crypto. Blockchain analysis firm Chainalysis estimates that about $34 million of decentralized finance (DeFi) transactions were conducted by criminal actors.  Source: Chainalysis The $34 million figure might not sound like a lot — it’s only 0.02% of the estimated …

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Digital Asset Manager Komainu to Provide Custody of Crypto Seized by UK Police

Digital Asset Manager Komainu to Provide Custody of Crypto Seized by UK Police

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Cryptocurrency seized by U.K. police during investigations will now be securely stored by digital asset manager Komainu. Under a new framework service agreement with the Derbyshire Constabulary on behalf of the National Police Chiefs Council (NPCC) Cybercrime Programme, Komainu will be responsible for providing a more “robust” means to store cryptocurrencies seized during investigations across …

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Market insiders struggle to explain Asia’s typically bearish crypto trading sessions

Market insiders struggle to explain Asia’s typically bearish crypto trading sessions

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Quick Take Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online. Data suggests this is actually happening — but prominent crypto traders aren’t exactly sure what’s driving it. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. …

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Crypto crime drops, but Bitcoin-ransomware increased in 2020!

Crypto crime drops, but Bitcoin-ransomware increased in 2020!

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Blockchain analysis firm Chainalysis found that cryptocurrency-related crimes fell by more than 53% last year and that crypto activity that was connected to crimes was a mere 0.34% of transaction volume or $10 billion worth of transfers. This is still much lower than criminal activity numbers reported in 2019, which represented 2.1% ($21.4 billion) of …

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Yellen Calls Terrorist Financing Using Crypto a 'Concern'

Yellen Calls Terrorist Financing Using Crypto a ‘Concern’

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Cryptocurrencies are “a particular concern” when it comes to terrorist financing, potential Treasury Secretary Janet Yellen said Tuesday. Speaking at a Senate Finance Committee hearing on her anticipated nomination after President-elect Joe Biden takes office tomorrow, Yellen said the U.S. should be aware of emerging tools for terrorist financing. “The technologies to accomplish this change …

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'Crypto is exactly like dot com bubble; Bitcoin, Ethereum can survive it'

‘Crypto is exactly like dot com bubble; Bitcoin, Ethereum can survive it’

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American television personality and entrepreneur, Mark Cuban thinks that the current Bitcoin market trend is similar to the dot com bubble burst caused by much speculation that inflated the stocks of internet companies.  Bitcoin had been on a rally and set a record for another ATH of over $40k. However, as experts predicted, an incoming …

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