Crypto money laundering is on the rise, with a staggering $7 billion in suspicious or high-risk funds already laundered through cross-chain and cross-asset platforms. The use of decentralized exchanges (DEXs), cross-chain bridges, and coin swap services has become increasingly prevalent, with the Lazarus Group being the third-largest contributor to the burgeoning cross-chain crime landscape.Data presented […]
The United Kingdom has an opportunity to capitalize on the departure of Web3 firms from the United States due to regulatory uncertainty. To achieve this, the U.K. must create its own regulatory path, smoothing the requirements for crypto in some regard. A recent report from the influential conservative think tank Policy Exchange has proposed 10 […]
XRP is now the only altcoin in the US with clear regulatory definitions, after the motion for interlocutory appeal from the SEC was denied in the ongoing legal battle with Ripple. Judge Analisa Torres denied the SEC’s motion for certification of interlocutory appeal, and the SEC’s request for a stay was also denied as moot. […]
Steven Schoenfield, former managing director at BlackRock, believes that the U.S. Securities and Exchange Commission (SEC) may approve a Bitcoin spot (ETF) within the next “three to six months.” BlackRock, which manages a colossal $9.42 trillion in assets, has a track record of a 575-1 success rate when it comes to obtaining ETF approvals from […]
Pikamoon is a GameFi project set in the Pikaverse and powered by the Pikamoon Adventure P2E game. The game rewards gamers with NFTs or PIKA for their success in gaming activities like monster battles and bounty hunts. The ongoing Pikamoon Presale has seen a high demand for PIKA, with crypto analysts predicting another potential 20x […]
The European Securities and Markets Authority (ESMA) released a second consultative paper on Markets in Crypto-Assets (MiCA) mandates on Oct. 5. The 307-page document seeks stakeholders’ input on five areas of MiCA, including sustainability indicators for distributed ledgers, disclosures of inside information, technical requirements for white papers, trade transparency measures and record-keeping for crypto-asset service […]
THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has entered maintenance mode to prevent bad actors from moving illicit funds through the platform. The decision was made after consultation with advisors, legal counsel, and law enforcement. THORSwap will remain in this mode until a more permanent and robust solution can be implemented to ensure […]
BTCC, a renowned cryptocurrency exchange, has recently made significant updates to its VIP program, aiming to provide more benefits to its users. The revised program offers reduced trading fees for all VIP customers and simplifies the requirements for tier upgrades. This initiative has fueled a significant increase in BTCC’s active user base and daily trade […]
El Salvador has taken a pioneering step in the crypto landscape by launching its first Bitcoin mining pool, Lava Pool. Backed by 241 MW of renewable energy, the pool is set to decentralize mining operations and make affordable electricity accessible to its inhabitants. The initiative is driven by the nation’s utilization of renewable energy and […]
Five major cryptocurrencies have recently achieved ISO 20022 compliance, potentially allowing them to be recognized by centralized banks. This standard is set to revolutionize the global payments sector, with compliant cryptos poised to enter top financial institutions’ databases. Ripple is a key member of the ISO 20022 Standards Body, with a focus on Distributed Ledger […]
