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Cardano Co-Founder: Vote for Biden Is a Vote for Death of US Crypto Industry
Cardano co-founder Charles Hoskinson has put out a tweet in response to Vitalik Buterin's thoughts on pro-crypto candidates. Hoskinson's view was quite opposite to that of Vitalik, who released a blog post against choosing your political allegiances based on who is pro-crypto. Key points: Vitalik Buterin released a blog post against choosing pro-crypto political leaders.......
Chainalysis Highlights Rising Usage Of Crypto For Money Laundering
A recent report by blockchain analytics firm Chainalysis sheds light on the growing use of crypto in money laundering operations. Key points: Nearly $100 billion in illicit funds transferred to conversion services since 2019. Record $30 billion in laundered funds identified in 2022 Crypto mixers, cross-chain bridges, and wallet "hops" are common laundering techniques The......
Hong Kong Crypto Scam Bust: Police Seize Nearly 11,000 Counterfeit Banknotes
Hong Kong authorities have uncovered a scam involving millions in crypto and thousands of fake banknotes. Key points: Three suspects were arrested for defrauding a businessman of HK$3.11 million in Tether. Police seized 10,978 counterfeit HK$1,000 notes in a Mong Kok office raid. The fake notes were "training notes" commonly used in mainland Chinese banks.......
Hong Kong Shares List of 7 Suspicious Crypto Exchanges
The Hong Kong Securities and Exchange Commission has released an updated list of crypto exchanges that are operating without a license in the jurisdiction. According to the details shared by the SFC, these firms are believed to be or already have targeted Hong Kong investors. Key points: SFC releases an alert list to crypto investors.......
Crypto Funds See $1.44B Inflows as Bitcoin Reclaims $62,000
According to the latest report from CoinShares, the crypto sector has seen a $1.44 billion inflow of capital as the market turned bullish. The crypto market seems to have escaped the FUD around German government Bitcoin sales as the wallet emptied all of its holdings. Key points: Total inflows into digital asset investment products reach......
US Inflation Drops to 3%, Crypto Market Turns Green
The US economy has slightly recovered from the consistent grip of inflation in June. According to the latest report from the Labor Department, the CPI inflation rate has dropped to 3%. Key points: CPI showed a 0.3% drop in June, defying economists’ expectations of 3.1%. Core CPI falls to 3.3%, lower than the expected 3.4%.......
Pro-Crypto Donald Trump Set to Speak at Bitcoin 2024 Conference
Former President Donald Trump has been announced as a keynote speaker at the upcoming Bitcoin 2024 conference. The announcement was made by the official X account of The Bitcoin Conference. Key points: Trump will speak at Bitcoin 2024 in Nashville, Tennessee, from July 25–27. The conference has moved from Miami to Nashville for its fourth......
🥛 Global crypto ownership: What nations are leading the way 🌎
Today’s edition is brought to you by Agoric - where you can build and deploy secure DeFi applications using the world’s most popular programming language, JavaScript. Orchestrate the DeFi future of your dreams.GM. This is Milk Road, serving crypto realness with zero calories and double the flavor.Here’s what we got for you today:✍️ Global crypto ownership✍️......
Elliptic Exposes Huione Guarantee: Uncovers $11 Billion Crypto Scam
Blockchain analytics firm Elliptic has exposed a crypto fraud ecosystem centered around Huione Guarantee. Huione Guarantee is an online marketplace based in Cambodia. Key findings: Huione Guarantee-linked wallets have processed over $11 billion in crypto transactions since 2021. The platform specializes in services for crypto scammers, including money laundering and fake crypto investment site creation.......
Crypto Funds See $441M Inflows as Mt. Gox Bitcoin Pressure Eases
According to the latest report from CoinShares, the crypto sector has seen a $441 million inflow of capital despite the bearish sentiment. The inflow is despite the selling pressure from Mt. Gox and the German government. Key points: Bitcoin attracted $398 million in inflows, representing 90% of total investments. Solana gained major investor interest. Regional......
