Investigator ZachXBT has uncovered North Korea’s Lazarus Group laundering $200 million in stolen cryptocurrency through coin mixers and peer-to-peer exchanges. The investigation spans from August 2020 to October 2023, revealing sophisticated methods employed by the hacker collective. ZachXBT meticulously traced the movement of illicit funds through various blockchains, identifying favored tools like Ethereum mixer Tornado Cash and Bitcoin-based ChipMixer. The group’s activities, including high-profile exploits like the Harmony bridge hack, amount to over $3 billion in thefts, allegedly fund ..read more

Changpeng Zhao, the founder of Binance, received a four-month prison sentence in a Seattle court for his involvement in failing to implement adequate anti-money laundering measures. Zhao, who stepped down as Binance CEO after pleading guilty to money laundering violations, faced a $50 million fine personally, with Binance hit with a $4.3 billion penalty. The case centered on Binance‘s failure to comply with US anti-money laundering laws, enabling illicit financial transactions. Despite Zhao’s cooperation with law enforcement, the judge handed down the four-month sentence, citing the severity ..read more

Uniswap, the leading Layer 2 decentralized exchange on Ethereum, has experienced a remarkable surge, representing 37% of total trading volume on L2 platforms, up from 2 years ago. Tom Wan from 21.co notes a 650% increase in Uniswap’s L2 volume, reaching over $30 billion. He anticipates further growth with quality protocols like Arbitrum and Coinbase’s Base. While Uniswap contributes only 2.9% of altcoin volume on Layer 1, Wan suggests growth potential. Despite the success, Uniswap faces SEC regulatory pressure but plans to defend itself. Uniswap (UNI), Ethereum’s pioneering decentralized ex ..read more

Amid regulatory uncertainty and recent developments in the United States, zkSNACKs has decided to block U.S. users from accessing Wasabi Wallet and its services. The company, known for its open-source Bitcoin wallet, announced this move via a blog post, citing concerns over recent announcements by U.S. authorities. As a result of this decision, users from the U.S. and related territories are unable to access the Wasabi Wallet website or download the wallet. An IP address firewall has been put in place to restrict access to associated websites, APIs, RPC interfaces, and other related services ..read more

Binance‘s once-dominant position in global Bitcoin trading outside the U.S. is waning, with offshore exchanges gaining ground and regulatory changes altering the industry landscape. Data from Kaiko reveals that Binance’s share of BTC trading dropped from 81.3% to 55.3% over the past year, attributed partly to the end of its large-scale zero-fee promotion. Smaller exchanges like Bybit and OKX have seen their market shares rise as trade volumes recover. Bybit’s global Bitcoin trading share surged from 2% to 9.3%, while OKX’s portion rose from 3% to 7.3%. This shift coincides with Bitcoin’s fou ..read more

Orbid, a famous social media influencer and cryptocurrency expert renowned for identifying high-potential cryptos, recently highlighted BlastUP in a post on X. He suggests that the token is currently undervalued and could soon reach $10. The fact that this reputable crypto analyst has added BLP to a must-watch list is a meaningful sign. This article delves into the reasons behind the current hype over BlastUP and evaluates its chances for a head spinning surge ahead. BlastUP offers high utility, ensuring smooth DApp Launches on Blast In early February, BlastUP emerged as the first launchp ..read more

In a recent development that could shift market momentum, Mt. Gox is preparing to pay out over $9 billion worth of Bitcoin (BTC) to creditors. A recent news report that the defunct crypto exchange is ready to distribute over 142,000 BTC and 143,000 BCH to creditors. The massive injection of these funds into the market could trigger a sell-off and has left enthusiasts and experts alike wondering where the funds could rotate to. Without looking any further, ETFSwap (ETFS) is an emerging crypto project that has received a lot of new crypto funds on its presale, and we speculate that the ..read more

In the crypto market, early adopters get the sweetest deal. Take the example of all crypto titans – Bitcoin, Ethereum, and many more. Those who invested in these projects early have earned jaw-dropping returns. One such project in the making is Algotech (ALGT). According to experts, this newly launched project can soon become a new market king due to its massive demand, and numerous use cases. Therefore, whales are accumulating presale ALGT tokens in large numbers. Meanwhile, Avalanche (AVAX) and Fantom (FTM) have also shown signs of growth. Avalanche (AVAX) receive su ..read more

PayPal has announced revisions to its Seller Protection Program, with notable changes affecting Non-Fungible Token (NFT) transactions starting May 20. Under the updated terms, PayPal will no longer protect NFT transactions, including those exceeding $10,000. This decision marks a shift in the company’s approach to buyer protection within the NFT market, indicating the industry’s growing maturity. While this move may raise concerns among NFT buyers and sellers regarding dispute resolution and customer support, it also prompts sellers to implement stricter validation measures to mitigate risks ..read more

Cryptocurrencies with low prices hold the promise of significant potential gains. As the market trend shifts upward, identifying these opportunities could be the key to substantial rewards. This article takes a deep dive into select cryptocurrencies that are currently available for pennies. With the right strategy, these picks could offer a remarkable chance for those looking to invest in the budding financial phenomenon. Ready to discover what could be a transformative move? Read on. BlastUP Presale Ends in Few Weeks, Last Chance to Buy Cheap BlastUP presale has sparked avid interest among cr ..read more