The debate surrounding illicit financial activities within the cryptocurrency space has been a contentious issue, with critics often pointing out the potential for misuse. However, recent comments by Binance CEO Richard Teng and analysis by University of Western Australia lecturer Dr. Andrzej Gwizdalski provide a new perspective. Dr. Gwizdalski compiled data from the United Nations, the World Economic Forum, and blockchain analytics firm Chainalytic to compare illicit activity in cryptocurrencies and traditional fiat currencies. His findings show a stark contrast. Cryptocurrencies are often highlighted as being used for illegal activities, but the amounts are much lower than traditional fiat systems.…
Author: Crypto Flexs
Read More
For advisors and clients, our on-chain products provide simple, diverse, and accessible exposure to some of the most important themes in digital assets. Currently, many of these themes (DeFi, metaverse, cryptocurrencies, liquid staking, etc.) are not widely available off-chain. These products also reach previously underserved constituencies globally (except in jurisdictions that impose restrictions on such products). Although it is sometimes possible for users to replicate a token’s basic strategy independently, doing so may result in numerous transactions, associated transaction fees, and sometimes onerous tax reporting requirements depending on where you live. Index tokens and on-chain structured products allow users to…
People • December 7, 2023 11:33 AM EST Posted 1 minute ago In ~ Weeks after Montenegro’s High Court approved Dokwon’s extradition, top officials agreed with the ruling and plan to eventually extradite the Terraform Labs co-founder to the United States, the Wall Street Journal reported.Citing anonymous sources, WSJ reported that Justice Minister Andrej Milovich announced in a private discussion that he plans to extradite Kwon to the United States. Mr. Kwon has been imprisoned in Montenegro for several months on charges of document forgery.Extradition is sought on charges related to financial crimes. Kwon had previously agreed to be repatriated…
introduction:Whether you’re trading cryptocurrencies for profit or diversifying your investment portfolio, understanding the fees associated with cryptocurrency exchanges is essential to maximizing your returns. With a wide range of exchanges and varying fee structures, it is important to navigate this complexity and develop cost-effective trading strategies. Altcoin Investor provides comprehensive analysis to help you understand cryptocurrency exchange fees, helping you make smarter decisions and reduce trading costs.In our in-depth guide, we look at the different types of fees charged by cryptocurrency exchanges, including transaction fees, deposit and withdrawal fees, and network fees. We also examine different fee calculation methods, including…
Chris Hemsworth created the iconic Thor despite attempts by Waititi and the abomination of Love and Thunder to destroy the character. But imagine for a moment that Thor was played by The Rock rather than the Australian heartthrob. If you want a reference point, think of The Rock from Hercules. However, instead of Greek mythology, Norse mythology appears. Now that you have that baseline, check out Onlyplay’s Snow Giants slot and tell me I’m wrong. thank you The slot bonus game begins with the appearance of three or more diamond chest scatter symbols, which Onlypay calls “thunks”. play now When…
Terra Classic (LUNC) price has been on a downward trend recently and has outperformed almost every cryptocurrency on the market over the past month. The price rose more than 300% in 30 days, pushing its market capitalization past $1.5 billion once again. As the coin continues to outperform, it becomes more likely that it will return to its previous all-time high market capitalization. LUNC price hits one-year high. Following the collapse of Terra in 2022, the price of LUNC (then known as LUNA) plummeted from over $100 to less than $0. This continued through last year, especially with LUNC supply…
JPMorgan CEO Jamie Dimon’s recent comments that Bitcoin is primarily used for criminal activity sparked criticism, with cryptocurrency enthusiasts highlighting the bank’s own history of legal troubles. Dimon told the U.S. Banking Committee that Bitcoin’s “only real use case” is for criminals, highlighting money laundering, drug trafficking and tax evasion. Cryptocurrency advocates have been quick to point out what appears to be hypocrisy, citing JPMorgan’s track record of imposing fines totaling $39.3 billion for 272 violations since 2000. Since taking over as CEO in 2005, Dimon has faced backlash on Twitter, and many have noted the irony: his statement.JPMorgan’s Troubled…
Yat Siu, one of the co-founders of Animoca Brands, believes that 2024 will be a profitable year for the company. He attributes this success to the strategic investments and collaborations the company will pursue. The growing interest in Bitcoin from mainstream institutions is consistent with this optimistic outlook. Animoca Brands has made over 70 investments in 2023, and Yat Siu expects these expenditures to yield good results in the coming years. The company is positioned to take advantage of a variety of development possibilities. blockchain The same goes for the cryptocurrency industry thanks to its aggressive investment approach. Among the…
Is a game without bots still a game? Pixel CEO doesn’t think so Some people believe that bots in games are a sign of the apocalypse, or perhaps their creators are just trying to fill a void to gain popularity. But Pixels founder and CEO Luke Barwikowski says, on the other hand, if people aren’t trying to populate their games with bots, it’s probably because games aren’t exactly the hot topic. “If people aren’t trying to bot a game, it’s not because they can’t, it’s because they don’t care enough to play it.” According to Barwikowski, if you make a…
Babylon, a Bitcoin staking protocol in development, has raised $18 million in a Series A funding round co-led by Polychain Capital and Hack VC.Other investors in this round include Framework Ventures; polygon Matic -1.54% Ventures, Castle Island Ventures, OKX Ventures and Symbolic Capital, among others, told Babylon on Thursday. “The project started raising funding in late July,” David Tse, co-founder of Babylon and an engineering professor at Stanford University, told The Block. “It just closed.”It was an equity and token warrant round with the same structure as Babylon’s $8 million seed funding round disclosed in March, Tse said. He declined…