Japanese authorities arrested a gang of 18 alleged scammers by analyzing Monero transactions for the first time in crypto history. Japanese authorities said they analyzed about 900 of the group’s Monero (XMR)-based money-laundering transactions, which totaled about 100 million yen ($670,000). Japanese authorities told local media outlet Nikkei that this marked the first time the country’s law enforcement agencies had used Monero transactions to identify criminals. The criminal group and its suspected leader, Yuta Kobayashi, were arrested for money laundering […]
An academic paper titled: «Reconciliation of Anti-Money Laundering Instruments and European Data Protection Requirements in Permissionless Blockchain Spaces» published in the Journal of Cybersecurity suggests that governments should target cryptocurrencies — especially privacy preserving chains — to combat money laundering. The author of the paper outlined several methods of undermining trust in permissionless blockchains including 51% attacks, price suppression, and Sybil attacks — a type of malicious activity in which a single user creates multiple accounts to manipulate a network. […]
Bitcoin (BTC) witnessed solid buying over the weekend as US President Donald Trump announced that Bitcoin, Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA) would be included in a crypto strategic reserve. The announcement massively pumped the chosen coins, which made it risky for a fresh entry after the rally. The coins in this article have been selected for their technical setups rather than the Trump-based pump. Apart from the crypto strategic reserve, in a sign that could create […]
Bitcoin (BTC) slipped below $95,500 on Feb. 23 after failing to rise above the $100,000 level on Feb. 21. The longer the price stays below $100,000, the greater the possibility of a drop to the crucial $90,000 support. Analysts remain divided on Bitcoin’s next trending move. While some anticipate a new high as early as next month, others expect a drop to $85,000 before the uptrend resumes. Bitcoin’s uncertain near-term price action could have increased traders’ interest in altcoins. CryptoQuant […]
Bitcoin (BTC) fell below the $100,000 level on Feb. 2 after US President Donald Trump imposed tariffs on goods imported from China, Canada, and Mexico on Feb. 1. Increased import tariffs could boost inflation, risking higher interest rates. That could, in turn, result in a risk-off sentiment, hurting cryptocurrency prices. Bitget Research chief analyst Ryan Lee expects Bitcoin to correct to $95,000, which is a critical support according to him. Some analysts view the current dip as a potential bear trap. […]
The motivation behind cryptocurrency mining It’s the money, of course. Cryptocurrency mining is the process of validating transactions on a proof-of-work blockchain network, like Bitcoin or Ethereum Classic. Miners play a crucial role in securing the network and, in return, are rewarded with newly minted coins. Mining began in 2009 when Bitcoin’s creator, Satoshi Nakamoto, mined the very first block using a standard computer. At the time, it was a niche activity accessible to tech-savvy hobbyists. Today, it has transformed […]