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Month: June 2022

NFT Market Prediction Says It Will Be Worth £84bn By 2028

An NFT market prediction by a global research company suggests that the industry will continue to grow over the next five years. Officially “The Global Non-fungible Token Market Size, Share & Industry Trends Analysis Report”, it estimates that the market will be worth £84bn ($97.6 billion) in 2028. A new NFT market prediction report suggests […]

Bitcoin Trading Volume Sinks Down Almost 60% In 9 Days

Data shows the Bitcoin spot trading volume has dropped down almost 60% since the recent high, suggesting activity has severely fallen. Bitcoin Weekly Trading Volume Rises Sharp, And Then Falls Hard As per the latest weekly report from Arcane Research, the BTC spot volume recently observed a drop of around 58.7% in just nine days. […]

North Korea Is Among World’s Top 5 Crypto Crime Locations

According to the newest report from Coincub, North Korea is the top country in crypto-related crime.  There are 15 documented cases of crypto crimes that took place between 2017 and 2022. Crimes were conducted by 7,000 hackers and reached $1.59 billion in estimated value. The true extent of North Korea’s contribution to global crypto crime […]

CFTC brings $1.7B fraud case involving Bitcoin against South African national

“The defendants misappropriated, either directly or indirectly, all of the Bitcoin they accepted from the pool participants,” said the CFTC. The United States Commodity Futures Trading Commission, or CFTC, has taken enforcement action against a South African national in what the regulatory body called its “largest fraudulent scheme involving Bitcoin.” In a Thursday announcement, the […]

Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer

The electronics giant and largest corporation in South Korea, Samsung, is in the midst of creating 3-nanometer (3nm) semiconductors for a Chinese application-specific IC firm, sources have said. The new chip design has caused speculation among the crypto community that it’s possible Samsung may be creating application-specific integrated circuits (ASICs) for bitcoin miners. Sources Say […]

Pocket Network Advances its Multichain Strategy with Latest Milestone

Pocket Network is an infrastructure middleware protocol that facilitates decentralized multichain blockchain access to developer applications in Web3. These include Ethereum, Polygon, Gnosis Chain, Avalanche, Solana, Fuse, Fantom, and Near, which recently marked a significant milestone in its multichain strategy with 50 supported blockchains on its network after integrating Moonbeam and Moonriver blockchains. Pocket has […]

Bitcoin Whales Filling Their Bags In Bullish Sign As BTC Balance On Exchanges Hits Critical Low

After withstanding a string of chaotic weeks, Bitcoin managed to battle bears with the last “weekly” candle signaling a possible relief rally. Since dropping to a multi-year low of $17,622 about ten days ago, the price managed to recapture $21,750 before being stopped in its tracks over the weekend. Experts have attributed last week’s strength […]

Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule

“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example,” said the organization. The Financial Action Task Force (FATF) reported that 11 out of 98 responding jurisdictions have started enforcing its standards on Combating the Financing of Terrorism, or CFT, and Anti-Money Laundering, […]