A report by the United Nations Office on Drugs and Crime (UNODC) published in January 2024 titled “Casinos, Money Laundering, Underground Finance and Transnational Organized Crime in East and Southeast Asia: Hidden and Accelerating Threats” reveals a complex and worrying situation. . This is especially the case regarding the misuse of cryptocurrencies and technological innovations in the illicit economies of East and Southeast Asia. important discoveries Changes in organized crime: Transnational organized crime has developed significantly in Southeast Asia, particularly with the increase in cross-border trafficking of synthetic drugs and other goods. Organized crime groups have embraced technology and revolutionized…
Author: Crypto Flexs
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At the peak of the 2021 bull market, when the price of Bitcoin rose above $60,000, the company was the largest publicly traded Bitcoin miner by computing power or hash rate, operating 143,000 mining rigs. However, by the time Core Scientific filed for Chapter 11 on December 21, 2022, the price of Bitcoin had fallen to around $16,000.
Ubisoft, the creator of Assassin’s Creed, is supporting the Wemix Network, a cryptocurrency gaming network. It is supported by 39 additional Nodal Council partners. Wemix Network disclosed the above information. This development comes in the wake of the upcoming network Wemix 3.0. This is an EVM blockchain compatible with Ethereum. Now Ubisoft is tasked with validating the blockchain. The Gamemaker is the 26th Wonder out of 40 Wonders. Wemix Network has not yet announced additional node council partners. What makes Wemix an ideal candidate for Ubisoft is its combination of proof-of-stake and proof-of-stake. It is a distributed proof-of-authority mechanism. Known…
PVP, the pioneering gaming ecosystem poised to revolutionize the gaming industry, is pleased to provide an exciting update on its upcoming investment round. With the PvP token launch just around the corner, PvP is making waves by offering investors an exclusive opportunity to participate in a private pre-sale token round. PRE-SALE DETAILS: Act fast to secure your spot! Only 33% of the pre-sale quota remains, and investors can enjoy an incredible discount of 76% compared to the listing price. However, this proposal is time sensitive. This is because all remaining allocations will be converted to a 60% discount after the…
Arthur Hayes, founder of cryptocurrency exchange BitMEX, explored the complex relationship between traditional finance (TradFi) and the burgeoning cryptocurrency sector, particularly Bitcoin, in a recent essay titled “ETF Wif Hat.” Hayes draws parallels between the current financial strategies and historical practices of global elites to suggest ongoing patterns that preserve existing financial structures. How the Shadow Elite Wants to Control Bitcoin Hayes begins by comparing elite efforts to maintain global financial health with the enormous costs incurred in the final moments of life in health care. He argues that the existing financial order, called ‘Pax Americana’, has fallen into crisis…
Posted 1 minute ago In ~ Wash trading volume on the Ethereum-based NFT marketplace is at its lowest level since May 2022, according to The Block Pro’s data dashboard. NFT wash trading volume on the Ethereum marketplace hit 1.8% on January 9 and January 13. This compares to 36.2% of volume on January 1, 2023, and is also the lowest since the 0.35% rate on May 1. 2022. The percentage represents the portion of total USD trading volume that is associated with wash trading, a type of market manipulation in which individuals trade an asset to artificially increase its price…
PhotoMaker, Tencent ARC Lab’s latest innovation, represents a significant leap forward in the realm of personalized photo creation. Powered by advanced AI technologies, the tool has garnered attention from various corners of the tech world, including recognition from AI experts such as: Yann LeCun. The project’s GitHub repository reflects the vibrant and active community of developers and enthusiasts, demonstrating the tool’s growing popularity and potential for a variety of applications. Photomaker’s core technology revolves around the concept of ‘Stacked ID Embedding’. This allows any number of input ID images to be encoded into a unified ID representation. The advantage of…
Recent trends in the cryptocurrency market have seen Ethereum (ETH) gaining momentum and surpassing its long-time rival Bitcoin (BTC). According to Kaiko data, the ETH/BTC ratio has been steadily rising, rebounding from multi-year lows. This indicates bullish sentiment towards Ethereum compared to Bitcoin. This upward trajectory has been fueled by growing optimism surrounding the potential approval of a spot Ethereum ETF and a general confidence that the market will move higher in 2024. The recent approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) also inspired confidence. The SEC has approved a similar product for…
Ethereum (ETH) is gaining momentum in the volatile cryptocurrency market, outperforming its long-time rival Bitcoin (BTC). According to Kaiko dataThe ETH/BTC ratio has been steadily rising, rebounding from multi-year lows. ETHBTC rate trend | Source: Kaiko on X ETH/BTC ratio rises, ETH momentum builds The ETH/BTC ratio technically measures market sentiment for these two major cryptocurrencies. The recent rebound indicates that investors are increasingly optimistic about Ethereum’s potential compared to Bitcoin. This upward trajectory has been fueled by growing optimism surrounding the possible approval of a spot Ethereum ETF and a general confidence that the market will rise further in…
Did you know that blockchain and database are different things? Many people think of blockchain as similar to a database, but it is much more than that. Of course, blockchain is a form of database, distributed database. I think some people might be curious if you say ‘distributed’ and ‘database’ together. Let’s keep that curiosity going because today we will highlight the differences and similarities between databases and blockchain. What is blockchain? Blockchain is a distributed database or ledger. It is a DLT or distributed ledger technology that the world had not seen before Satoshi Nakamoto created Bitcoin and introduced…