Category: News

Should You Hold Tight Or Take Profits?

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Bitcoin Cash eyes 18% rally

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Bitcoin Cash (BCH) added nearly 35% to its value in the past month and rallied 12% on Nov. 21. Bitcoin’s (BTC) observed a rally to $98,384 early on Nov. 21, with BCH and other top cryptocurrencies tagging along for the ride.  An analysis of on-chain and technical indicators and data from the derivatives market shows that BCH could extend gains and retest its mid-April 2024 peak of $569.10.  Bitcoin hits all-time high, fork from 2017 ignites hope for traders Bitcoin hit a record high of $98,384 on Nov. 21, a…

The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments

Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses using third countries as proxies to complete payments. Chinese banks now require documentation confirming that goods will be sent directly […] Source CryptoX Portal

Ethereum Attempts Key Breakout: Analysts Set $3,700 Target

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Este artículo también está disponible en español. Ethereum (ETH) price is finally moving after a week of sideways movement. In the last hour, the second-largest crypto has seen a 5% surge to retest the key $3,200 level. Some market watchers believe ETH is about to move toward Q1 highs and kickstart the altseason. Related Reading Ethereum Retests Key Support Level Ethereum has been heavily criticized for its performance against Bitcoin (BTC), with investors worrying that ETH might not run to new highs this cycle. ETH’s price action has moved sideways…

Binance Boosts Compliance Staff by 34% Year-Over-Year, Citing Industry’s ‘Rapid Maturation’

Though Teng’s short tenure as CEO has certainly accelerated Binance’s compliance efforts, the exchange began making an effort to be more compliant with regulators well before Zhao stepped down in November 2023. Tigran Gambaryan, Binance’s head of financial crime compliance, left the Internal Revenue Service (IRS) in 2021 to join the exchange. Noah Perlman, Binance’s chief compliance officer, started in January 2023. In 2023, Binance increased its compliance spend by 36%. Source

ETH scams linked to Japanese crypto exchanges drop 69% in H1 2024

Illicit crypto inflows from Japanese exchanges have dropped in 2024, with ETH scams recording a 69% decline, data shows. Crypto fraud and scam activity linked to Japanese crypto exchanges dropped significantly in the first half of 2024, according to data from blockchain analytics firm Chainalysis. Reported inflows to clusters identified as scams saw a 69% decline in Ethereum (ETH) and a nearly 50% drop in Bitcoin (BTC) compared to 2023 figures. In 2023, Japanese exchanges facilitated inflows of $44.6 million in ETH and $11 million in BTC tied to scams.…

Bitcoin ATH Drags ETH/BTC To Lowest Point In 3 Years

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Este artículo también está disponible en español. As Bitcoin (BTC) reached a new all-time high (ATH) of $98,310 today, the ETH/BTC trading pair fell to multi-year lows, raising questions about the relative strength of Ethereum (ETH), the second-largest digital asset. What’s Causing Ethereum’s Underperformance Against Bitcoin? Bitcoin’s new ATH earlier today brings it within $2,000 of the coveted $100,000 mark. However, BTC’s sustained dominance has resulted in the underperformance of altcoins, particularly Ethereum, throughout the year. Related Reading The weekly chart below reveals that the ETH/BTC trading pair has dropped…

Data protection is not an excuse when tackling scams and fraud

We are calling on organisations to share personal information responsibly to protect their customers from scams and fraud. Fraud is the most frequently experienced crime in the UK, accounting for 39% of all reported crime in England and Wales. 1 We’re warning that reluctance from organisations to share personal information to tackle scams and fraud can lead to serious emotional and financial harm. Data protection law does not prevent organisations from sharing personal information, if they do so in a responsible, fair and proportionate way. This International Fraud Awareness Week,…