New data from Chainalysis reveals that while money laundering schemes involving digital assets rose last year, they still comprise a tiny fraction of overall crypto transactions. In a new report, the market analytics firm finds that while 5% of the global gross domestic product is laundered every year in fiat currency, just 0.05% of all …
Monthly archives: January 2022
YouTuber Hacks Crypto Hardware Wallet and Recovers $2,000,000 in Lost THETA
A computer hacker that once testified before the U.S. Senate helped a crypto investor recover millions of dollars worth of tokens that were trapped in limbo. Joe Grand, also known as Kingpin, tells his 39,300 YouTube subscribers how he went about rescuing the altcoin Theta Network (THETA) from a Trezor One hard wallet after the …
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Gif Games and Talao Cooperate To Build the Future of Identity in Metaverses
January 31, 2022 – Paris, France Today, Gif Games, the creator of the NFT-based game ‘Tezotopia,’ and Talao, a platform that provides identity solutions for web 3.0, have announced a new partnership to enhance the experience of gamers and their interaction with brands. Built on the Tezos network, Tezotopia is a web 3.0 real-time strategy …
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Payments Giant Visa Says Crypto-Related Transactions Skyrocketing in Fiscal First Quarter of 2022: Report
Global payments titan Visa says that the usage of cards funded by crypto assets has surged in the fiscal first quarter of 2022. CNBC cites Visa’s most recent earnings call where the credit giant said that customers are using crypto-loaded cards at a record pace as the company recorded $2.5 billion in payments from October …
Report: Bitcoin mining network accounts for 0.08% of world’s CO2 production
In a new report published by CoinShares on Monday, the firm estimated that the Bitcoin (BTC) mining network emitted 42 megatons, or Mt, (1Mt = 1 million tons) of carbon dioxide, or CO2, in 2021. In context, the number amounts to less than 0.08% of the world’s total emissions of 49,360 Mts of CO2 in …
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Indian parliament’s agenda includes crypto training session, leaves out bill banning digital assets
The latest bulletin covering the agenda for India’s lower house of parliament includes “a lecture on understanding cryptocurrency” and its economic impact. According to a Monday publication from the Lok Sabha, the Parliamentary Research and Training Institute for Democracies group within the government has organized a training evening for lawmakers on Wednesday regarding crypto and …
Is the bottom in? Institutional crypto funds record second week of inflows
After recording heavy outflows at the start of 2022, cryptocurrency investment funds have seen a gradual uptick in investor demand over the past two weeks, offering cautious optimism that the worst of the market downturn had passed. Digital asset investment products saw $19 million worth of cumulative inflows last week, according to CoinShares. Bitcoin (BTC) …
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TVL, network outages, or derivatives: What’s behind Solana’s (SOL) 60%+ drop?
The past couple of months have not been kind to cryptocurrencies. The sector’s aggregate market capitalization plunged 50% from a Nov. 10 peak at $2.87 trillion to the current $1.44 trillion. Solana’s (SOL) downfall has been even more brutal, presently trading at $88 after a 66% correction since its $260 all-time-high. Pinning the underperformance exclusively …
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MATIC Price Prediction – Will The Coin Hit $5 in 2022?
If there is a single thing that is certain about the crypto market, it’s that it’s highly volatile and extremely unpredictable. The crypto market is sensitive to some internal and external factors. As a result, some cryptocurrencies skyrocket while others decline. This situation confuses crypto investors who cannot tell when it’s a good time to …
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Bitcoin Price Prediction: BTC/USD Price Jumps Back Above $38,500
Bitcoin Price Prediction – January 31 The Bitcoin price prediction is seen moving above $38,000 as the recovery is coming up slowly towards the north. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $43,500, $45,500, $47,500 Support Levels: $33,500, $31,500, $29,500 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD price movement on the …
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Large Cardano (ADA) Holders More Than Double Their Holdings in Just 10 Days: Crypto Insights Firm Santiment
Crypto analytics firm Santiment says there are some under-the-radar bullish fundamentals developing behind the scenes for Cardano (ADA). According to the firm, deep-pocketed Cardano holders have suddenly doubled down on their investments as ADA trades near the $1 mark, adding over 113% more coins to their stacks. “Cardano’s price, like many altcoins, have plummeted in …
Popular Singapore Startup Affyn Raised Over $20 Million To Build a Play-To-Earn Metaverse for the Digital Future
January 31, 2022 – Singapore, Singapore Singapore-based startup Affyn raised over $20 million through several fundraising rounds, including the recent round led by several launchpads. This comes directly after a successful presale round that raised $10.4 million. This back-to-back successful fundraising round indicates a high level of anticipation for its play-to-earn metaverse. Affyn is a …
PlayMining Metaverse To Launch First Land NFTs for Creator Nations
January 31, 2022 – Singapore, Singapore Singapore-based blockchain and multimedia digital entertainment group Digital Entertainment Asset Pte. Ltd (DEA) will be launching the first NFT, known as the ‘Land NFT,’ for its PlayMining Verse metaverse project. The Land NFT designed by renowned manga artist Fujiwara Kamui is part of the artist’s metaverse – the Fujiwara Kamui …
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Averted a year ago, controversial transaction monitoring rule is back on Treasury’s radar
As the Department of the Treasury has announced its regulatory agenda for the fiscal year earlier today, many in the web3 space have likely experienced flashbacks to December 2020, when the agency had first proposed to impose know your customer, or KYC, rules on transactions that involve self-custodied crypto wallets. The Treasury’s semiannual agenda and …
Price analysis 1/31: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX
Bitcoin (BTC) started 2022 on a losing note, dropping about 20% to its worst performance in January since 2018 when the price plunged 26.61%, according to on-chain analytics resource Coinglass. Now, all eyes turn to February, which has historically favored the bulls. The only two negative closes in February were in 2020 and 2014. One positive …
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