The U.S. has sanctioned 13 Russia-linked FinTechs for allegedly using cryptocurrency to evade bans. “Russia is increasingly turning to alternative payment mechanisms to circumvent U.S. sanctions and continue to fund its war against Ukraine,” Brian Nelson, undersecretary of the U.S. Treasury for terrorism and financial intelligence,...
Reduced cryptocurrency activity last year helped lead to a corresponding decline in crypto money laundering. That’s according to a recent report on crypto crime from blockchain data firm Chainalysis, which showed that illicit addresses sent $22.2 billion worth of cryptocurrency to services in 2023, a sharp drop...
The number of bitcoin ATMs worldwide have hit a two-year low. Over the past year, the number of bitcoin ATMs available has declined by 7,000, or 17%, leaving a total of 32,500 machines as of this month, according to a Thursday (Oct. 19) report from Coindesk. This...
The year 2022 was one of the most tumultuous in the cryptocurrency industry’s brief history. It was a record year for another reason, too, as illicit crypto transactions hit a second consecutive all-time high, reaching $20.6 billion, compared to the sector’s previous high of $18.1...
March 14, 2023
The year 2022 was one of the most tumultuous in the cryptocurrency industry’s brief history. It was a record year for another reason, too, as illicit crypto transactions hit a second consecutive all-time high, reaching $20.6 billion, compared to the sector’s previous high of $18.1 billion in 2021. But it’s not all bad news, said […]
January 30, 2023
The U.S. Treasury Department is flexing its cryptocurrency enforcement muscles as industry attention grows. The turbulent crypto sector has historically suffered from the perception that its anonymous and decentralized technical...
April 10, 2024
Cryptocurrency is increasingly becoming a safe haven for “malign actors” such as terror groups. That’s according to testimony Tuesday (April 9) by U.S. Treasury Deputy Secretary Wally Adeyemo, who spoke before the Senate Banking Committee. “Our problem is that actors are increasingly finding ways to hide their identities and move resources using virtual currency,” Adeyemo […]
March 26, 2024
The U.S. has sanctioned 13 Russia-linked FinTechs for allegedly using cryptocurrency to evade bans. “Russia is increasingly turning to alternative payment mechanisms to circumvent U.S. sanctions and continue to fund...
February 18, 2024
Reduced cryptocurrency activity last year helped lead to a corresponding decline in crypto money laundering. That’s according to a recent report on crypto crime from blockchain data firm Chainalysis, which...
October 19, 2023
The number of bitcoin ATMs worldwide have hit a two-year low. Over the past year, the number of bitcoin ATMs available has declined by 7,000, or 17%, leaving a total...
