Author: NBTC
The overall proportion of total illicit crypto funds is shrinking by 9% on a year-on-year basis, although bad actors still handled over $34 billion in 2023. The total volume of illicit crypto funds decreased by nearly one-third in 2023, according to research done by TRM Labs. The findings reveal that the volume fell from $49.5 billion in 2022 to $34.8 billion in 2023. The San Francisco-headquartered blockchain forensics firm noted that the decline outpaced the 22% reduction “seen in the overall cryptocurrency transaction volume during the same period.” In addition to the overall decrease, the total value of funds sent…
Panos Mekras, the co-founder of Anodos Finance, recently unveiled facts about the XRP Ledger (XRPL) AMM that network participants should consider before using it. The disclosure comes at an opportune time, as the XRPL community recently reactivated the AMM functionality following the implementation of an amendment fix to an earlier issue encountered by the feature. Notably, with this fix, AMM pools are now operational, and trading has resumed. Notably, following the fix, the number of AMM pools on the XRP Ledger has increased to 259, according to data from XRPScan. In addition, the total XRP locked across these AMM pools…
Senator Kirsten Gillibrand has announced plans to introduce a new bill focusing on stablecoins, signaling a significant step forward in regulating cryptocurrency markets. The New Stablecoin Bill is Expected to be Introduced in the Senate This Week Speaking at the Bitcoin Policy Summit held at the National Press Club in Washington, Senator Gillibrand announced that negotiations are continuing and that she and Senator Cynthia Lummis expect to introduce the bill this week or next week. The proposed legislation aims to address concerns surrounding stablecoins while encouraging innovation and growth in the crypto industry. Senator Gillibrand emphasized the importance of unlocking…
A widely followed economist believes Bitcoin is far from witnessing the full impact of the recently approved spot market BTC exchange-traded funds (ETFs). In a new interview on the 1000x Podcast, Alex Krüger elaborates on the inner workings of an ETF product and explains why he believes it’s still early days for the Bitcoin bull market. “The reason why we’re early is that the institutional sales machine is not yet fully deployed. According to some estimates, it’s deployed up to 20% only, and they’re basically looking to ramp it up big time into year-end. What does that mean, the sales…
BlackRock, Inc., the global investment management corporation, announced its financial results for the first quarter of 2024, showcasing robust performance that surpassed analysts’ expectations. The company reported significant milestones across various metrics, reflecting its continued growth momentum and strategic initiatives. BlackRock net inflows at $76 billion One of the key highlights of the quarter was the impressive $76 billion in quarterly long-term net inflows, indicating the enduring strength of BlackRock’s diverse platform. These inflows were characterized by positive flows across different asset classes and client types. Additionally, there were $57 billion in quarterly total net inflows, with seasonal outflows from…
Shiba Inu has secured another significant collaboration, teaming up with the Content Delivery and Security Association (CDSA) to address AI-driven content challenges through Shibarium. The Shiba Inu ecosystem team disclosed this latest move via an official blog post yesterday, April 11. Shiba Inu’s marketing specialist, Lucie, called attention to the development in a recent post on X. Shiba Inu Joins CDSA, to Explore Use of Blockchain Tech In Media and Entertainment Industry – Daily Shib https://t.co/ETDooU55Gs — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) April 11, 2024 CDSA and Shiba Inu aim to leverage blockchain’s security measures within the media and entertainment…
Venezuelan prosecutors say they have arrested former Vice President Tareck El Aissami, the alleged “ringleader” of a “crypto plot” to embezzle money from state oil sales. El Aissami had been on the run from Venezuelan law enforcers for around a year after allegedly converting cash “into cryptocurrencies.” Prosecutors think El Aissami and other senior government officials “moved coins” onto the Kraken crypto exchange after converting them elsewhere. Venezuelan Prosecutors Catch ‘PDVSA-Crypto Ringleader’ The high-profile case has become known as the “PDVSA-crypto corruption incident” in Venezuela. It saw President Nicolás Maduro’s government raid dozens of government agencies and ministries last year.…
Recent transaction data indicates that El Salvador may be escalating its strategy to accumulate Bitcoin, the digital gold of the 21st century. A cold wallet, identified as associated with El Salvador, received a transfer of 1 BTC from cryptocurrency exchange Bitfinex. Bitfinex is recognized for serving large institutional buyers on the cryptocurrency market, which suggests that the nation is continuously reinforcing its Bitcoin reserves. El Salvador has been at the forefront of national Bitcoin adoption, consistently purchasing the cryptocurrency and integrating it into its economic framework. The latest transaction hints at a potential increase in the pace of acquisition. This…
Hong Kong could approve spot bitcoin (BTC) and ether (ETH) exchange-traded funds early as Monday, Bloomberg reported, citing two people familiar with the matter. If listing details are worked out in time with Hong Kong Exchanges & Clearing, the products could be launched by the end of the month, the report said. Harvest Global Investments, a major asset-management company in China, which was reportedly the first to apply for a spot bitcoin exchange-traded fund (ETF), and a product by Bosera Asset Management (International) Co. and HashKey Capital, could be the first to get approvals. Hong Kong approval of the ETF…
The hype surrounding the upcoming Runes protocol saw Bitcoin meme coin PUPS jump some 50% in the past 24 hours as traders look to bet on Bitcoin-adjacent tokens and networks ahead of the halving. The meme coin was trading over $66 as of Asian afternoon hours with a $516 million market capitalization, making it the third-largest Bitcoin-based token behind ordi (ORDI) and sats (SATS). The PUPS collection led global sales and volumes among all NFT collections, Cryptoslam data shows, with over $11 million in volumes. Uncategorized Bitcoin Ordinals collections and NodeMonkes were next with $7 million and $1 million in…