CRYPTOCURRENCIES
Latvian National Extradited to the U.S for Crypto and Wire Fraud
Ivars Auzins, a Latvian citizen, accused of committing securities and wire fraud using eight companies that alleged to mine or invest in crypto assets, was extradited to the United States to face a six-count indictment charge.
Coinme Introduces 6 Additional Crypto Instant Trading by Cash
Besides Bitcoin, users can purchase Chainlink, Dogecoin, Ethereum, Litecoin, Lumens, and Polygon at Coinme-enabled kiosks.
49% of Americans are Aware of NFTs: Pew Research Center
Nearly half of Americans have shown awareness of non-fungible tokens (NFTs), according to a survey by Washington-based think tank Pew Research Center.
15% Indians Set Foot in the Crypto Space, KuCoin Study Shows
As of June 2022, the number of crypto investors in India had clocked 115 million, representing 15% of the nation’s population aged 18 to 60 years, according to a survey by crypto exchange KuCoin.
Ethereum Outperformed Bitcoin Since June Bottom, Up by Nearly 100%
Ethereum (ETH) has scaled heights more than Bitcoin (BTC) since they both hit 2-year lows in June.
Crypto Scam Revenue Has Dropped by 65% in 2022: Chainalysis
Illicit crypto volumes have been diminishing year-over-year, with scams taking the lion’s drop share, according to a report by blockchain analytic firm Chainalysis.
Bitcoin Makes Two Back-to-Back Weekly Closes Above 200-Week MA
Bitcoin has closed above the 200-week moving average (WMA) for two consecutive weeks, according to market analyst Ali Martinez.
Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services
The surging use of cryptocurrencies is expected to enhance the development of blockchain in the banking and financial services market, according to The Business Research Company.
Investors Remain Optimistic about Crypto Market’s Future Despite Meltdown: CoinLoan
A study undertaken by crypto business CoinLoan shows that most investors are still bullish about the cryptocurrency market's future despite the challenges witnessed.
Iran Transacts World's 1st International Import Order Worth $10M Using Crypto
Iran has made the first-ever importation of goods using crypto, according to Alireza Peyman-Pak, the Vice Minister of Industry, Mine & Trade.
Rising Use of Metaverse Could Pose Systemic Risk, Says Bank of England
Staffers at the Bank of England have announced that the rise of metaverse may cause a systemic risk to financial stability. The researchers said that would require strong consumer protection frameworks.
Crypto Downturn Hits Luxury Watches Market Sales
Reports show that crypto traders and users are more likely to purchase luxury items. The meltdown in crypto prices has directly impacted the pricing of luxury watches.
Crypto Becomes Valid Portfolio Options and Assets Diversifier , Says Wells Fargo's Subsidiary
Wells Fargo's subsidiary believes that cryptocurrencies are a transformative innovation. The giant bank said cryptos play a role in diversification and can provide potential risk-adjusted returns.
Luxury Car Purchases by Crypto Doubled to $12m in 2021, Says AutoCoinCars Executive
The number of customers worldwide using cryptocurrencies to buy vehicles has significantly increased. An executive of AutoCoinCars has seen sales on its platform double to $12 million in 2021.
Russian National Extradited to the U.S. to Face Crypto Money Laundering Charges
Alexander Vinnik, a Russian national accused of running an illegal crypto exchange BTC-e was extradited to the United States to face fraud charges.