Over $1.4 Billion of Laundered Money This Year Has Moved Onto Crypto Exchanges

Blockchain security company discovered more than $ 1.4 billion of laundered money into the top ten crypto exchanges. A recent report by Peckshield, a blockchain security company, verifies that more than $ 1.4 billion of laundered money has moved to crypto exchanges by 2020. Peckshield says it has been collecting data online and offline for over a year. After validating and analyzing the data, they can identify more than 100 million transaction addresses. They can also categorize more than 50 million mainstream crypto wallet addresses on crypto exchanges. Utilizing a…

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Ransomware Attacks Successfully Decreased in 2020

A report posted by Emsisoft shows a strong decline in successful ransomware attacks in Q1 and Q2 2020. The number of successful ransomware attacks saw a decline between January and April 2020 in the U.S. public sector. in the midst of the COVID-19 crisis. However, researchers have recently realized that the trend is reversing, with incidents now starting to rise. According to a study by the malware lab, Emsisoft, the figure shows a decline compared to 966 targeted organizations that were successfully targeted at $ 7.5 billion. High drop in…

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Former Facebook Attorney Join Coinbase as Chief Legal Officer

Former Facebook Vice President and Deputy General Counsel Paul Grewal will head up Coinbase’s cryptocurrency legal team. Crypto exchanges said the addition of Grewal will help “pave the way for the next phase of crypto awareness and implementation.” The new Chief Legal Officer will also lead the legal team as Coinbase works with financial services regulators, and develops and publish new products and services. In corresponding to Coinbase, Grewal oversees over a thousand cases for five years as a judge, and “plays an important role” at Apple vs. Samsung and…

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Binance Supports Ontological Improvement, Stops NEP5 ONT Token Deposits

Binance supported the Ontology 2.0 upgrade and said it would not allow NEP5-based ONT deposits. Binance, one of the largest crypto exchanges in the world, announced on July 5 that it will support the upcoming expansion of the Ontology 2.0 network. Ontology 2.0 will include the integration of a number of community-led improvements to its MainNet. Binance says it will terminate ONT token support based on the Neo Enhancement Protocol, or NEP5. Any forthcoming NEP5 ONT deposits will not be credited to the user’s Binance account, this indicates. Deposits and…

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Institutional Market Sentiment Data is Now Accessible to Everyone

CoinMetro makes institutional-grade sentiment data available to ordinary traders for the first time. Estonian exchange CoinMetro has chosen to make their crypto sentiment analysis tool available to ordinary users. This is the identical tool that is used expert by crypto hedge funds. While the tool may seem simple, CoinMetro Chief Executive Officer Kevin Murcko told that the key here is that ordinary traders have access to the same data that the institution has: “This data that we’re displaying is the same exact data viewed at the same exact time as…

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Crypto Mobile Applications are Increasing in India According to Supreme Court Decision

The crypto business continues to show interest in the Indian market by attracting consumers through products such as mobile applications. India’s crypto developers have begun releasing new mobile applications, following the positive decision of the country’s Supreme Court on blockchain technology. The Court’s ruling reversed a previous law prohibiting banks from providing services to crypto traders and businesses. The developing interest in the Indian crypto market B21, a digital asset investment company, recently launched their own Blockchain investment portfolio application following this change. They claimed that the announcement of the…

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