The US and UK authorities have ramped up their crackdown on entities linked to terrorism financing via crypto after the October 7th attacks on Israel. As such, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) imposed fresh sanctions earlier this week on two individuals and...Read More
C1 Fund – established by a team of former Coinbase legal professionals and investors – has engaged in discussions with numerous local venture firms, explicitly proposing the purchase of private holdings from investors at a discounted rate ranging between 50% and 80% of their most recent valuation. The development comes as the crypto sector has...Read More
North America emerged as the dominant cryptocurrency market, boasting an estimated on-chain value of $1.2 trillion between July 2022 and June 2023. According to Chainalysis’ latest report, the figure accounts for 24.4% of the global transaction activity observed during this period. Crypto, DeFi Dips in North America Data also suggest that while North America has...Read More
Blockchain analytics firm Chainalysis has debunked reports and analyses floating around in the media that inflate the role of cryptocurrencies in terrorism financing. In a recent report geared toward correcting misconceptions regarding the use of crypto by terrorists to finance their operations, Chainalysis data revealed that digital assets play a minor role in the activity....Read More
A cybercrime group working on behalf of the North Korean government is now believed to have orchestrated the largest cryptocurrency hack of 2020, according to a report by Chainalysis. The KuCoin hack of 2020 saw $275 million worth of crypto stolen from the exchange after hackers obtained access to the private keys of the exchange’s...Read More
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...Read More
Bitcoin’s market cap, briefly, went past Tesla’s, as the cryptocurrency’s price surged to a new ATH of $41,940. Despite BTC falling at press time owing to a wave of corrections, bullish sentiments claim Bitcoin will be heading towards higher figures amid the U.S dollar’s weakness and growing institutional demand. While some metrics anticipate a coming...Read More
As things stand, Bitcoin and Ethereum trail their respective 2017 peaks by 10 percent and 150 percent, respectively. Clearly, one is further away than the other, but both cryptocurrency’s markets are closer to the infamous bull market than you’d think. According to the market intel report by blockchain analytics firm Chainalysis, while Bitcoin might’ve seen...Read More
Everyone looks at Bitcoin and Etherum differently. To the ardent followers of one, the other is either too little or too much. To unfamiliar traders, they are just different ways of referring to cryptocurrencies. To crypto-folk, one is a currency, the other a utility. Whichever way you look at them, one thing is certain –...Read More
Let’s be honest, you were more surprised than anything seeing Bitcoin trade at over $16,000. You probably thought to yourself, “How long will this last?” With the cryptocurrency trading at its highest point since January 2018, and up by over 120 percent since the beginning of the year, the sentiment is firmly bullish, but that...Read More
Bitcoin, at the time of writing, was trading at a 112.5 percent premium to its price at the beginning of the year, a 282.5 percent premium to its lowest price in the year, and 28 percent off its highest price ever. Even with all the fervor around the price rally, one question needs to be...Read More
Another phrase for ‘bull run’ is ‘profit take.’ Why? Because whenever the price for any asset rises, there are those who buy in the hope for another rise, and there are those who sell, in the hope for another fall. While it’s clear that Bitcoin is in a full-fledged bull run, it’s also clear that...Read More
Bitcoin has new blood. With the cryptocurrency reaching a high not seen since December 2017, following which it endured a 15-month long bear market, new and unfamiliar investors are entering the Bitcoin markets. For starters, these newbies are rushing in to buy Bitcoin, creating fresh demand. This demand has to be catered to by Bitcoin’s...Read More
2020 has been a curious year for the crypto-market. While Bitcoin’s halving and its price performance grabbed most of the attention, DeFi wasn’t too far behind either. For weeks, most DeFi projects did exponentially well. However, this wasn’t to last as over the last two months, the sector quickly fell back to earth. In light...Read More
If I told you back in March that six months later, Bitcoin would be trading at over $13,000 while the biggest derivatives exchanges’ executives were indicted by U.S authorities and the biggest crypto-to-crypto exchange suspended withdrawals, you’d have laughed me out of the room. Yet, here we are. OKEx, one of the world’s largest cryptocurrency...Read More
Two weeks ago, the biggest and arugbly the most important cryptocurrency exchange in the world was accused of money laundering by the CFTC. The incident went so far that the company’s CTO Samuel Reed was arrested. Besides the bad PR for Bitcoin, this saga was sure to hurt the cryptocurrency’s price, yet here we stand...Read More
You can look at the Bitcoin market in two ways. “Oh no, Bitcoin just dropped to $10,000 and it’s been there for over a week now” could be one way. “Bitcoin has been trading over $10,000 for over seven weeks now” could be another. Which way you look at the market is just a matter...Read More
Last week, as Bitcoin, the world’s largest cryptocurrency, dropped down close to $10,000, the markets got tense. After nearly a month over $10,000, with the better part of it pushing and pulling against the $12,000 mark, a massive 13 percent drop over two days was a cause for concern. But now, one week on from...Read More
I get it. With the price still just over $10,000, down from the year-high peak of $12,000, and looking weaker by the day, it’s tempting to sell Bitcoin at this time, but would you gain anything by selling, and more importantly, is anyone selling? To those who’ve simply gotten into cryptocurrency as a form of...Read More
It feels weird writing about Bitcoin’s drop to $10,000 since usually, the headlines are all about Bitcoin’s rise above $10,000. However, with the market as bullish as it is now, a drop to $10,000 seems to be much worse than it actually is, compared to a rise over it. Even so, how bad is it?...Read More
Ever since the largest cryptocurrency in the world began its bullish swing a month ago, it has breached the $12,000 mark a few times with each attempt succeeded by a big push down and thus placing Bitcoin into a FUD-feedback loop. FUD stands for fear, uncertainty and doubt, and it’s quite a common occurrence in...Read More
Every time Bitcoin moves up or notes a consolidation, there’s the question of a sell-off. Since the cryptocurrency markets are so volatile, you can’t blame traders or even investors for cashing in their investments at a significant profit. The current market is no different. According to data from Chainalysis Markets, inklings of a sell-off are...Read More
The case of the ‘hodling of Bitcoin’ is a curious one. At first, it would seem that those who would be more inclined to hodl the cryptocurrency would be average everyday people who heard about it before the 2017 bull-run, and not the corner-office institutions who jumped in only after 2018, but reality is quite...Read More
Bitcoin is now trading close to $12,000, a level which it breached and broke below two times over the past two weeks. Will it be third time lucky for the world’s top cryptocurrency? Since breaking over $12,000 on 2 August, for the first time since June 2019, it has been subject to a ‘bull trap.’...Read More
With Bitcoin once again inching closer and closer to $12,000, some are hopeful of the rise while others are fearful of a fall. Depending on which side of this equation you’re on, you’re either a hodler or a seller. Each side has an equal tug on the market as while hodlers are hodling on expecting...Read More
With Bitcoin breaking resistance after resistance, at some point reality is likely to set in and when it does, will the price hold, surge, or breakdown? At press time Bitcoin is flirting with the $12,000 level for the second time in 10 days, and the market is growing anxious if past events will repeat itself,...Read More
Bitcoin’s recent burst past $12,000 was unlike the first, and is potentially a sign of things to come. Over a week ago, on 2 August, when Bitcoin rose past $12,000 for the first time since June 2019, its price dropped by 8 percent within the hour. The rapid rise tested a bull trap where trigger...Read More
A week ago, Bitcoin dropped by 8 percent in an hour, minutes after it surged over $12,000 for the first time in 14 months. On August 2, between 0400 to 0500 UTC dropped from $12,000 to under $11,000 and considering the history of the cryptocurrency markets, this bleeding was pegged to continue. Quite surprisingly, not...Read More
This past week, over 231,000 Bitcoin [~$2.54 billion] and 3.5 million Ether [~$1.05 billion] acquiring profit of over 25 percent were sent, according to the latest market intel report by blockchain analytics firm Chainalysis. This is a bullish market, one where the king coin is priced at over $11,500 (Its highest price since August 2019)...Read More
On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions...Read More
