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Biggest Darknet Market Allegedly Exit Scams USD 30M In Crypto - Report


Leading darknet market Empire Market has reportedly shut down its operations, exit scamming the site’s estimated 1.3 million users out of some bitcoin (BTC) 2,638, worth close to USD 30 million. Reported by dark.fail, a journalist specialized in covering the darknet, the development comes with...

Crypto Exchanges as Competitive as Google, JPMorgan, the Fed - Report


Business is booming for crypto exchanges, per a new report, which claims that the industry is becoming as competitive as tech giants, major banks – and even the American central bank. These were the findings of a paper from Coin Metrics, whose authors wrote, “The crypto industry, and exchanges...

BIS Report: CBDCs Are on the Way, But They Won’t Replace Cash


Soure: Adobe/syahrir The Bank for International Settlements (BIS) has talked up central bank digital currencies (CBDCs) again, but insists that state-issued tokens would not make cash obsolete – and will instead work alongside fiat. These were the findings of a new paper entitled “Rise of...

USD 50B in Crypto from Asia Hints at Chinese Capital Flight – Report


With more than USD 50 billion in crypto leaving wallet addresses tied to East Asia and headed to other regions around the world over the past 12 months, signs point to crypto increasingly being used to evade strict Chinese capital controls, a new report from on-chain analysis firm Chainalysis...

China’s Bitcoin Mining Industry Impacted the Most This Year, Says Report


The researchers and analysts from Tokeninsight published it’s “2020 Q2 Cryptocurrency Mining Industry Report” which shows the industry has grown exponentially during the last six months. The findings indicate cryptocurrency mining has expanded a great deal but China’s...

Flood of Yield Farming Projects Likely Coming to Cryptoverse - Report


Ethereum (ETH) decentralized finance (DeFi) protocols, such as the troubled Yam Finance yield farming project, are expected to rise in popularity in the coming months, with industry observers saying that the extremely high yields they offer encourage the rapid development of communities that...

4 Reasons Why Bitcoin’s Price Hike Beats Every Other Asset Class - Report


With the price of bitcoin (BTC) rising by more than 71% (Tuesday 14:00 UTC) since the beginning of this year, a recent analysis points to four factors which have allowed the cryptocurrency to generate a return that beats out every other asset class' performance. The primary drivers that have pushed...

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