Month: March 2024

According to Chainalysis’s 2024 Crypto Crime Report, privacy coins are facilitating the proliferation of child sexual abuse material (CSAM). The report underscores crypto’s increasing utilization as a means of payment among dark web vendors involved in CSAM. Similar to other items available on the dark web, CSAM is frequently traded using Bitcoin. However, the privacy-focused…

On March 1, a cryptocurrency trader took to social media to share an intriguing story, detailing an inadvertent purchase of a non-fungible token (NFT) at a staggering 1,000% markup from its listing price. Identified by the username PrincePablos, the trader mistakenly bought a Bitcoin Ordinals NFT for 0.21 BTC (approximately $12,877), despite its listing price…

summary El Salvadorian president Nayib Bukele responds to critics as the country’s Bitcoin (BTC) portfolio experiences a gain of over 40% during the Bitcoin bull market. Peter Schiff, a prominent Bitcoin skeptic, challenges Bukele to acknowledge the profits before boasting about them. Nayib Bukele delivers a brief rebuttal, urging Schiff to “cry harder.” Schiff’s comments…

BlackRock plans to expand Brazil’s cryptocurrency market by unveiling the nation’s premier spot Bitcoin exchange-traded fund (ETF), known as the iShares Bitcoin Trust BDR (IBIT39). Scheduled to debut on March 1st on Brazil’s primary stock exchange B3, the iShares Bitcoin Trust Brazilian Depositary Receipts (BDR) will initially target qualified investors. There are intentions to broaden…

summary House Committee votes to overturn SEC rule on crypto custody, aiming to facilitate bank involvement with digital assets. Bipartisan support with 31 members backing the resolution, citing concerns over bank barriers in crypto. Critics caution against overturning SAB 121, fearing loss of SEC clarity and potential impact on the crypto industry. The House Financial…