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'High Risk' Crypto Activity Surges in Eastern Europe Amid Russia-Ukraine War: Chainalysis
12.10.2022
Crypto activity determined as "high risk" and "illicit" has surged in Eastern Europe since the start of the Russia-Ukraine war, according to a report by blockchain analytics firm Chainalysis
Chainalysis: Illicit Crypto Activity Falls — Scam Revenue 65% Lower Than Last Year
18.8.2022
Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year. “Those numbers suggest that fewer people than ever are falling for cryptocurrency scams,”...
Bank of America Customers’ Crypto Activity Slowed as Market Slid
1.7.2022
The number of active crypto users among Bank of America (BAC) customers slumped more than 50% to fewer than 500,000 between November and May
Another Report Confirms That Criminal Behavior Keeps ‘Dropping as a Percentage of Overall Crypto Activity’
14.6.2022
Global politicians’ claims that crypto is the criminal world’s currency of choice may be wide of the mark, another report reitarates.
The findings were detailed in an annual report by the American blockchain analytics firm CipherTrace, which was bought up last year by the payments giant...
Illicit crypto usage as a percent of total usage has fallen: Report
14.6.2022
A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline
eToro Q4 Trading Income Rose Amid Crypto Activity Rebound
7.3.2022
The crypto trading platform said it is continuing to work hard on the SPAC merger that would see the company go public by June 30
Illegal Crypto Miners Threatened With Jail Time in Russia
17.12.2021
Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state...
Bank of Russia wants to block ‘emotional’ and suspicious crypto activity
15.9.2021
The Russian central bank is planning to slow down payments to crypto exchanges and combat suspicious crypto activity
With US Tax Season Around the Corner, Here’s How to Report Crypto Activity to the IRS
1.4.2021
The key to properly filing taxes on cryptocurrency comes down to excellent record-keeping, the correct IRS tax forms, and knowledge about what qualifies as income versus capital gains. Handle Tax Filings With Care to Avoid Any Audits Although the traditional April 15th deadline for filing US taxes...
Bank Account Data May Indicate a Rise in South Korean Crypto Activity
19.2.2021
A new report has linked a spike in the creation of new bank accounts in South Korea to a rise in crypto trading – an indication that a large influx of new traders in the East Asian nation has taken up crypto in 2021.
In 2018, Seoul created a set of guidelines that requires crypto exchanges to keep...
Philippine Central Bank Widens Cryptocurrency Regulation — Sees ‘Accelerated Growth’ in Crypto Activity
27.1.2021
The Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has expanded the country’s cryptocurrency regulation after seeing “accelerated growth” in the use of crypto exchanges. The new regulatory framework is in line with the guidelines recommended by...
Crypto Crime Fell Sharply to Only 0.3% of All Cryptocurrency Activity in 2020
23.1.2021
A study by blockchain analytics firm Chainalysis finds that cryptocurrency-related crime has fallen significantly. The criminal share of all crypto activity fell to just 0.34% in 2020. This contradicts recent statements by U.S. Treasury Secretary nominee Janet Yellen and ECB President Christine...
East Asia Dominates World’s Onchain Crypto Activity, Europe and North America Trail Behind
19.9.2020
Crypto activity continues to flourish worldwide, according to a new cryptocurrency adoption index published by the blockchain intelligence firm Chainalysis. The researchers compile onchain digital currency retail value transferred, onchain crypto deposits, peer-to-peer exchange volume, and other...
User Profiling Can Help Regulators Identify Illegal Crypto Activity, Says FATF
14.9.2020
The international watchdog has recommended comparing users' age and wealth with their crypto transactions to identify possible criminal activity
Binance Takes The Largest Piece of Crypto Activity Pie in Africa
9.9.2020
Africa’s on-chain cryptocurrency activity has consolidated onto the ten largest services in the region by volume over the course of the last year, with "a large portion of that activity" going to Binance, according to blockchain and analytics specialist Chainalysis.
The ten largest...
Nigerian Crypto Activity Has Been On the Rise Since April
6.8.2020
Nigeria outperformed the rest of the world by the level of interest in Bitcoin over recent months
Huobi Launches On-Chain Analytics Tool to Monitor Illicit Crypto Activity
13.4.2020
Huobi launches a tool to monitor illicit crypto transactions, similar to Chainalysis
Spill Your Sats: H&R Block Tells Crypto Customers to Self-Report on Taxes, Even If Imperfectly
27.1.2020
Tax season for United States residents is fast approaching, and the IRS wants to know about everyone’s involvement in the crypto space. Thanks to a recently updated income tax form including a question about crypto activity, tax preparation companies like H&R Block are advising filers...
4 Beijing Regulators Issue New Crypto Activity Warning
27.12.2019
Four financial regulators in China have jointly issued a fresh warning regarding crypto trading activities in Beijing. The notice explains the reason for the warning and lists prohibited crypto activities, which have reportedly been surging as companies ramp up their blockchain promotion. Also...
FINRA Extends Deadline for Firms to Report Crypto Activity
22.7.2019
The self-regulatory body for brokers and exchanges has quietly extended its deadline for member firms to report their crypto activity