According to a recent report by blockchain intelligence firm Chainalysis, crypto scammers have had a disappointing year so far in 2023. The report reveals that inflows to “known illicit entities” have dropped by 65% compared to the same period last year. Additionally, inflows to “risky” entities have decreased by 42%, while inflows to “legitimate services”
Blockchain
The BNB Beacon Chain, part of the Binance blockchain ecosystem, is set to experience a planned hard fork upgrade on July 19th at 6:00 UTC. This upgrade, known as “ZhangHeng” after a renowned Chinese scientist, will take place at block height 328,088,888, as stated in the official announcement on July 12th. A hard fork refers
Bitcoin’s next “halving,” an event that occurs approximately once every four years and reduces the asset’s inflation rate, is fast approaching. Expected to take place on April 26, 2024, at Block 840,000, the halving will decrease the number of Bitcoin (BTC) produced every ten minutes from 6.25 BTC to 3.125 BTC. This event is anticipated
Cathie Wood’s Ark Invest, an investment management firm, sold 478,356 shares of Coinbase, the popular crypto exchange, on Friday. This move comes as the stock prices of Coinbase reached a 52-week high. Interestingly, this is the second time within a week that Ark Invest has sold off Coinbase shares. Just a few days earlier, on
South Korean companies that hold or issue cryptocurrencies will need to provide comprehensive information about their transactions to the financial regulator starting from January 2024. The Financial Services Commission (FSC) of South Korea announced this requirement on Tuesday, stating that domestic firms involved in crypto activities must ensure complete disclosure under the new accounting rules.
Bitcoin’s energy efficiency has long been a concern as mining activities consume significant amounts of electricity. However, a recent report by Coinmetrics reveals that the energy efficiency of Bitcoin has improved significantly over the past five years. The report also highlights that three mining rig models dominate the Bitcoin network’s computing power, reinforcing the need
Renowned author Robert Kiyosaki, famous for his personal finance book “Rich Dad Poor Dad,” has expressed pessimism about the future of the US dollar following reports that BRICS nations are planning to introduce a gold-backed currency. According to Russia Today (RT), the official announcement of this agreement is expected to take place in August during
The Federal Tax Service (FTS) in Russia has stated that citizens can pay taxes on their cryptocurrency earnings, even though tokens have no legal status in the country. This latest development adds to the confusion surrounding the government’s stance on cryptocurrencies. While the Central Bank is in favor of a complete ban on all crypto-related
The recent lawsuit filed by Cameron and Tyler Winklevoss, the billionaire twins who own the crypto exchange Gemini, against Barry Silbert’s cryptocurrency conglomerate Digital Currency Group (DCG) may have an ulterior motive, according to a recent article in Fortune. The article suggests that the lawsuit might not even make it to court and instead could
Grayscale, a renowned digital asset management company, has recently included Lido’s liquid staking protocol’s governance token in its DeFi fund. The firm announced that it has made adjustments to the fund’s portfolio by selling a specific amount of the existing Fund Components based on their respective weightings. The cash proceeds obtained from the sales were