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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 51% attacks, price suppression, and Sybil attacks — a type of malicious activity in which a single user creates multiple accounts to manipulate a network. […]

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 country’s law enforcement agencies had used Monero transactions to identify criminals. The criminal group and its suspected leader, Yuta Kobayashi, were arrested for money laundering […]

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 elections. In a market report, FalconX head of research David Lawant said that volatility could increase if “results are too close to call and it […]

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 company said it expects the change to support wider adoption of Monero by simplifying the user experience. With the partnership, Cake Wallet will support .xmr […]

Bitcoin could not hold on to the recovery attempts during the past week, signaling selling by the bears at higher levels. Although buyers failed to push the price above $100,000, they have not ceded much ground to the sellers. This suggests that the bulls are holding on to their positions as they anticipate another leg higher. Crypto mining firm Blockware Solutions said in a market forecast report viewed by Cointelegraph that Bitcoin’s base case target for 2025 is $225,000. Even […]

Bitcoin (BTC) has risen above $95,000, indicating that the bulls have maintained the buying pressure. Grayscale head of research Zach Pandl told Cointelegraph that Bitcoin is being “held back by strength in the US dollar,” but he expects the setback to be short-lived as the US presidential inauguration is right around the corner. Pandl sees a “structurally bullish outlook for crypto valuations.” One of the closely watched bullish events is the possibility of establishing a strategic Bitcoin reserve in the […]

The motivation behind cryptocurrency mining It’s the money, of course. Cryptocurrency mining is the process of validating transactions on a proof-of-work blockchain network, like Bitcoin or Ethereum Classic.  Miners play a crucial role in securing the network and, in return, are rewarded with newly minted coins.  Mining began in 2009 when Bitcoin’s creator, Satoshi Nakamoto, mined the very first block using a standard computer. At the time, it was a niche activity accessible to tech-savvy hobbyists. Today, it has transformed […]