APAC crypto crime spikes amid legal resource shortages: Chainalysis report

Financial services blockchain startup Chain has been acquired by the Stellar-focused firm Lightyear, Reuters reports today, September 10.Chain CEO Adam Ludwin told Reuters that a new company, dubbed Interstellar, will “migrate” Chain’s customer network and existing products onto Stellar’s global public blockchain, aiming to thereby create a new public digital assets management platform:“We were looking…

Grayscale, the world’s largest crypto asset manager, has added 25 coins to the list of assets it is considering adding to its investment products including VeChain, Iota, Monero and Axie Infinity.Other assets are consideration are: Algorand (ALGO), Arweave (AR), Bancor (BNT), BitTorrent (BTT), BORA (BORA), Convex (CVX), Cosmos (ATOM), Decred (DCR), Elrond (EGLD), Enjin (ENJ),…

Amid increasing scrutiny and demand from regulators, South Korean crypto exchanges are sifting through their supported assets and delisting or placing high-risk coins on an investor warning list. 609 Total views 2 Total shares South Korea's cryptocurrency market continues to transform under the weight of mounting regulatory pressures. Major crypto exchanges such as Upbit have…

June rejected the three-month trend of rising venture capital investment into crypto, though that’s not necessarily a bearish signal. 433 Total views 6 Total shares The month of June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million raised in 62 individual deals, according to data from the Cointelegraph Research…

Noted crypto advocate Patrick Byrne resigns as CEO of Overstock.Per a letter of resignation and company statement posted on Twitter Aug. 22, Patrick Byrne will be stepping down as CEO of Overstock.Having led crypto-friendly e-commerce at the company, including the launch of tZero, Overstock’s crypto token platform, and Overstock’s acceptance of Bitcoin payment, Byrne’s announcement follows…

Last month, reports surfaced on crypto mining research conducted by tech conglomerate Cisco with the following headline: “College kids are using campus electricity to mine crypto.”Indeed, many students don’t have to worry about paying power bills, as per their university housing contracts, which tend to cover electricity expenses. That “free” power allows them to host…

There is only one month left until the United States tax season. After being extended due to the COVID-19 pandemic, the official deadline to file tax returns is now July 15.If you think that the U.S. Internal Revenue Service is all hung up on dealing with the COVID-19 stimulus package and will not carefully examine…

Ethereum proponents celebrated the growth in daily revenue, while many others pointed toward network congestion and difficulty in usage. 774 Total views 6 Total shares Own this piece of history Collect this article as an NFTEthereum network’s gas fee skyrocketed to a new multi-month high amid a growing memecoin frenzy. The high transaction fee has…