In 2024, nearly $41 billion in illicit cryptocurrency transactions were recorded, but this figure may increase to roughly $51 billion as additional addresses linked to criminal activity are identified, according to Chainalysis. Source link
Autore: wsjcrypto
By Luisa Maria Jacinta C. Jocson, Correspondent REMITTANCES SENT BACK by overseas Filipino laborers (OFW) increased by an annual 3.3% in November, amidst the peso’s decline against the US dollar, as reported by the Bangko Sentral ng Pilipinas (BSP). Information from the central bank indicated that cash remittances channeled through banking institutions rose by 3.3% to $2.81 billion in November compared to $2.72 billion during the same month the previous year. Nevertheless, the remittance amount in November marked the lowest level in six months, or since the $2.58 billion recorded in May. On a month-to-month basis, cash remittances dropped by…
Ethereum can be sufficiently straightforward to comprehend from a high-level perspective: Decentralized applications driven by the same kind of crypto-economic assurances that support Bitcoin. However, once one zooms in to, for instance, a detailed view, complexities arise quickly. Even if one possesses a solid understanding of proof-of-work, it may not be immediately obvious how that relates to a blockchain doing more than tracking everyone’s unspent transaction outputs. Bitcoin employs computational labor to decentralize currency. Ethereum utilizes computational effort to decentralize abstract calculations. Huh? That abstraction is referred to as the Ethereum Virtual Machine, and it serves as the core of…
In the initial years of the 2020s, quantum computing emerged in the public arena as a possible menace to Bitcoin. Based on the SHA-256 cryptographic hash function for its proof-of-work consensus mechanism, Bitcoin’s worth depends on computational strength.If a technology emerges that can bypass the conventional binary system of 0s and 1s for data units, it could potentially revolutionize cryptography as we recognize it. But is that threat overstated?Could quantum computing at some point render Bitcoin a worthless snippet of code? Let’s begin by grasping why Bitcoin depends on cryptography.Bitcoin’s Bits and HashingWhen we indicate that an image occupies 1…
BitMEX has faced an extra financial sanction subsequent to its 2022 admission of guilt for breaching the US Bank Secrecy Act. Source link
Your browser does not support the video tag. We are thrilled to commemorate a significant achievement today – Ethereum.org now offers 30 languages! 🎉🎉🎉 Since commencing the Website Translation Program seven months ago, we’ve observed how decentralized collaboration can lead to a notable influence on the ecosystem, benefitting numerous community members around the globe. Currently, 467 volunteers from 52 language groups have contributed to making ethereum.org accessible to non-English speaking communities in their native languages. Due to these volunteers, 16% of all visits to ethereum.org are now aimed at non-English versions of the site. Over time, this figure has notably…
The largest financial institution in Italy, Intesa Sanpaolo, has finally ventured into the realm of cryptocurrencies by acquiring 11 bitcoins valued at over $1 million, as reported by Reuters. This action signifies a pivotal moment in the institution’s legacy as it becomes the first Italian bank to invest directly in digital currencies. A Brave Move Towards Digital Finance This initiative underlines Intesa Sanpaolo’s commitment to enhancing its financial practices. The bank launched its internal digital asset trading desk in 2023 and initiated spot cryptocurrency trading in 2024. Intesa Sanpaolo purchases bitcoin as a strategy to remain ahead in the evolving…
THE PESO slightly improved against the dollar on Wednesday as the market anticipates the release of the December US consumer price index (CPI) figures, which could influence the US Federal Reserve’s easing policy cycle. The local currency concluded at P58.575 per dollar on Wednesday, gaining 4.5 centavos from its P58.62 close on Tuesday, according to data from the Bankers Association of the Philippines. The peso commenced Wednesday’s trading session slightly lower at P58.65 against the dollar. Its intraday peak was its closing figure of P58.575, while its lowest point reached P58.70 against the greenback. Dollar transactions diminished to $1.37 billion…
Five years ago today, the genesis block of Ethereum signified the formal launch of the network. At present, a majority of community members dedicate their efforts to considering all the tasks that still need to be accomplished; however, it is equally vital to acknowledge, on this fifth commemoration of Ethereum’s initiation, just how astonishingly far we have all traveled, what an exhilarating journey every twist and turn has represented, and how much all of us (and the technology) have evolved. There were occasions when some wished that the protocol would function as anticipated, or that developers might endeavor to launch…
Este artículo también está disponible en español. While the cryptocurrency market contends with a broader downturn, altcoins have encountered notable difficulties, with Ethereum (ETH) at the forefront, suffering losses close to 20%. This decline follows Ethereum’s repeated setbacks in breaking through the vital resistance level of $4,000, a challenge that has proved daunting in recent months, obstructing the cryptocurrency from reaching new peak levels, akin to Bitcoin (BTC) as it wrapped up 2024. Mid-Cycle Adjustment For Altcoins: A Route To Revival? Market analyst Ash Crypto has recently shared perspectives in a social media update on X (formerly Twitter) about the…