Monthly archives: March 2022

How Chainalysis helps in crypto monitoring and blockchain analysis?

Chainalysis has five different types of products that help in monitoring crypto assets. These are Chainalysis Business Data, Chainalysis KYT, Chainalysis Kryptos, Chainalysis Market Intel and Chainalysis Reactor. Chainalysis Business Data Chainalysis Business Data gives crypto companies an extra layer of customer intelligence, allowing them to understand their customers before and after leaving their platforms, …

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Here’s why the SEC’s latest decision on Ripple’s lawsuit is a win

On December 22, 2020, The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and its two executives: Brad Garlinghouse and Chris Larsen. The SEC claimed Ripple’s currency, XRP, was an unregistered security. Therefore, Ripple was conducting illegal trading. What is the SEC after? According to the law, all securities must be registered with …

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Skybridge Capital Founder: Bitcoin Will Be Legal Tender in Many Latin American Countries

The founder of Skybridge Capital has predicted that “bitcoin will be used by many Latin American countries as legal tender over time, not just El Salvador.” He recently doubled down on his $100K bitcoin price prediction but does not currently see the cryptocurrency as a hedge against inflation. Bitcoin Will Be Legal Tender in Many …

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‘Ecstasy Kingpin’ From Brockton Forfeits $2.3M in Bitcoin to Massachusetts Law Enforcement

A man from Brockton, Massachusetts was sentenced to eight years in prison and forced to forfeit 59 bitcoin worth $2.3 million, after he was caught selling Xanax, ecstasy, and ketamine on the deep web. Massachusetts U.S. Attorney Rachael Rollins stressed during the announcement that the government has entered the cyber world, and she insists they …

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Gensokishi Online Hosts Campaign to Win in-Game Token ROND Whitelist for a Total of $10,000

press release PRESS RELEASE. GensoKishi Online Metaworld is a GameFi and metaverse incarnation of the award winning Nintendo Switch/PS4 game “Elemental Knights”. Genoskishi Online has set numerous records since releasing its website and various social networking sites on December 2, 2021. The community has grown to over 230k members since its release. The launch on …

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EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative Amendment on Crypto Assets

European Parliament’s economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union. An alternative proposal on crypto assets by European Parliament member Stefan Berger receives support instead. Committee Rejects Proof-of-Work Ban The Committee on Economic and Monetary Affairs (ECON) voted on the proposed Markets in Crypto Assets (MiCA) …

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Biggest Movers: RUNE Rises by Over 15%, as FTM and AVAX Trend Lower

Thorchain (RUNE) rallied to its highest level since January, as cryptocurrency markets started the week mainly in the red. Avalanche (AVAX) was one of these cryptocurrencies trading lower on Monday, and fantom (FTM) fell by close to 10% on the day as well. Thorchain (RUNE) While cryptocurrency markets have been mainly lower over the past …

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Trader Says Terra (LUNA) Following Corrective Path of Chainlink (LINK), Warns of Downside Risk of Fantom (FTM)

A closely tracked crypto trader says that Ethereum rival Terra (LUNA) might be following the same path that decentralized oracle Chainlink (LINK) took when it experienced its last big correction. The pseudonymous analyst known as Capo tells his 248,000 Twitter followers that traders are overlooking some striking similarities in price action between LINK and LUNA. …

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PayPal CEO Predicts Cryptocurrencies Will Revolutionize Global Financial System

The chief executive of one of the world’s largest payments providers is predicting cryptocurrency technology will revolutionize financial systems globally. Ahead of the Axis Tel Aviv international investment conference, PayPal CEO Dan Schulman tells interviewers that he has high hopes for crypto tech in the future. “I’m very excited about what crypto and digital ledger technology …

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Department of Justice Targets Crypto Exchanges in Effort To Clamp Down on Russian Oligarchs: Report

The Department of Justice (DOJ) says crypto exchanges will be included in a sweeping new strategy to clamp down on the assets of Russian oligarchs. Earlier this month, the DOJ announced the launch of a new task force called KleptoCapture aimed at targeting oligarchs and other high-ranking Russian officials during its war with Ukraine. According …

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Institutions Trim Down Crypto Investments Amid Regulatory and Geopolitical Uncertainty: CoinShares

A leading digital asset manager says crypto investment products experienced outflows over the last week for the first time in seven weeks. According to the latest weekly CoinShares report, digital asset investment products suffered outflows of $110,000,000 last week. CoinShares says that the North American outflows of $80 million are likely a response to US …

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Bitcoin’s got 3 strikes, but investors remain calm despite price drop

After Bitcoin (BTC) faced its third consecutive rejection, investors became more confident in adding altcoin positions. For the leading cryptocurrency, the path to $50,000 appears more challenging than previously expected. According to Euronews Next, on March 14, the European Union rejected a proposed rule that could have banned the energy-intensive proof-of-work (PoW) mining algorithm used …

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Blockchain play-and-earn games focus on building even as NFT prices fall

Nonfungible tokens (NFTs) were in a strong bull run from Jan. 1 to mid-February. During this time, OpenSea volumes topped $5 billion and then fell to $3.6 billion toward the end of February. This could have been a sign that the overall sentiment of the crypto and NFT market was correcting.  As Q2 approaches, the total …

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BTC price struggles below $39K ahead of expected interest rate hike by the Fed

The blockchain community got a bit of good news on March 14 after regulators in the European Parliament’s Committee on Economic and Monetary Affairs rejected a ban on proof-of-work (PoW) based cryptocurrencies like Bitcoin (BTC) that would have had significant ramifications for the crypto industry.  Data from Cointelegraph Markets Pro and TradingView shows that despite the …

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Ukrainian government launches crypto donation website with FTX, Kuna and Everstake

Crypto exchanges FTX and Kuna and staking platform Everstake have partnered with Ukrainian government officials to launch a donation website for users wishing to send crypto to help the country and its people. In a Monday announcement, Ukraine’s Ministry of Digital Transformation said the government had launched Aid for Ukraine, a platform that accepts donations …

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