The recent crypto market crash has left North Korea with millions of dollars in losses on its stolen crypto assets and could affect funding for its weapons program, Reuters reported. Bitcoin’s (BTC) recent crash to under $20,000 means the sanction-ridden country has accrued millions in unrealized losses on its illicit crypto funds. North Korea’s stolen…
Blockchain analytics firm, Chainalysis, has released a report on cryptocurrency Gains by country in 2021, and investors in the U.S. are topping the charts. In a year that was far more productive than the previous, investors worldwide saw a total gain of $162.7 billion, with those in the U.S. making up about $47 billion. US…
As Russia’s war in Ukraine continues, cryptocurrencies are taking on an important role in the conflict, but not in the capacity of evading sanctions on Russian entities or oligarchs. On the contrary, crypto has proven itself to be very useful in supporting Ukraine as users around the world have donated over $56 million in cryptocurrency…
Every year since 2017, blockchain analysis company Chainalysis publishes a report focusing on money laundering and illicit transactions going through the cryptocurrency ecosystem. This year’s report summary shows that while the total amount of laundered money increased by 30%, only a small fraction of all transactions come from illicit activities. As per the report, cybercriminals…
There is little to no doubt that the burgeoning crypto niche, non-fungible tokens (NFT) has been one of the best performing spaces in 2021 as it witnessed an unprecedented growth in transaction volume and the rate of its adoption. While institutional investors have played a role in the continued growth of the space, a new…
A new Chainalysis report has revealed that Europe has overtaken Eastern Asia as the biggest crypto economy in the world. According to the report, the continent has witnessed impressive growth since July 2020, receiving over $1 trillion worth of cryptocurrencies—a figure that is equivalent to 25 percent of activities in the industry globally. The report…