A 23-year-old man has been arrested in New York and charged with owning, running and profiting from a $100-million dark web narcotics marketplace after authorities claimed to have tracked crypto transfers that uncovered his real identity. Rui-Siang Lin, known online as “Pharoah,” was arrested at New York’s John F. Kennedy Airport on May 18 and…
Bitcoin (BTC) is down more than 4% this week, signaling that the bears are active near $70,000. However, Bitcoin investors seem to be viewing the dips as a buying opportunity. Market intelligence firm Santiment said in a post on X that Bitcoin’s dip to $66,600 saw a surge in buying while selling interest remained dormant….
Bitcoin (BTC) fell below $60,000 during the week, but lower levels attracted buyers who are trying to start a recovery. Bitcoin remains stuck inside the $56,552 to $73,777 range, indicating a tussle between the bulls and the bears. It is difficult to predict the direction of the breakout with certainty. Hence, traders may either trade…
Success in crypto trading often hinges on a deep understanding of fundamentals, sharp technical analysis skills, or access to market intelligence. However, the driving force behind price movement frequently comes down to market narratives. These stories about the market may or may not be fundamentally sound, but respecting them is crucial for success in crypto…
Updated Sept. 11, 10:08 a.m. UTC: This article has been updated to include a quote from the Chainalysis training video. A leaked Chainalysis video suggests that Monero (XMR) transactions could be traceable despite the privacy-preserving nature of the blockchain. The leaked video, which outlines the company’s tracking methods related to the coin, has since been…
Crypto exchange Kraken will end its support for privacy token Monero in the European Economic Area (EEA). Kraken announced that it would stop trading and deposits for all Monero (XMR) markets in the EEA from Oct. 31, 2024. This includes the trading pairs with United States dollars, euro, Bitcoin (BTC) and Tether’s USDt (USDT). Kraken…
An academic paper titled: “Reconciliation of Anti-Money Laundering Instruments and European Data Protection Requirements in Permissionless Blockchain Spaces” published in the Journal of Cybersecurity suggests that governments should target cryptocurrencies — especially privacy preserving chains — to combat money laundering. The author of the paper outlined several methods of undermining trust in permissionless blockchains including…
Japanese authorities arrested a gang of 18 alleged scammers by analyzing Monero transactions for the first time in crypto history. Japanese authorities said they analyzed about 900 of the group’s Monero (XMR)-based money-laundering transactions, which totaled about 100 million yen ($670,000). Japanese authorities told local media outlet Nikkei that this marked the first time the…
Bitcoin’s (BTC) rejection near the all-time high earlier in the week may have attracted profit booking by the short-term traders. Although the price has dropped near $68,000, analysts remain positive on the markets. They anticipate Bitcoin to find support between $65,000 and $68,000. The next major trigger for the cryptocurrency markets is the United States…
Blockchain domain provider Unstoppable Domains has partnered with Cake Wallet, an open-source wallet, to launch a new top-level domain specifically for Monero users, the companies announced. Unstoppable Domains said the new .xmr domains will allow Cake Wallet and Monero (XMR) users to send and receive tokens using human-readable addresses instead of long, alphanumeric strings. The…