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Chainalysis Highlights Rising Usage Of Crypto For Money Laundering
A recent report by blockchain analytics firm Chainalysis sheds light on the growing use of crypto in money laundering operations. Key points: Nearly $100 billion in illicit funds transferred to conversion services since 2019. Record $30 billion in laundered funds identified in 2022 Crypto mixers, cross-chain bridges, and wallet "hops" are common laundering techniques The......
🥛 Germany’s BIG Bitcoin dump is over – Here’s what happened! 👀
Today’s edition is brought to you by CoinGecko API – the most comprehensive and reliable all-in-one crypto data API, supplying crypto price, metadata, market and onchain DEX data.Subscribe now for 15% off with code “MILKROAD15”.GM. This is the Milk Road, the crypto newsletter that gives you the same feeling as when you put your hand out......
Hong Kong Crypto Scam Bust: Police Seize Nearly 11,000 Counterfeit Banknotes
Hong Kong authorities have uncovered a scam involving millions in crypto and thousands of fake banknotes. Key points: Three suspects were arrested for defrauding a businessman of HK$3.11 million in Tether. Police seized 10,978 counterfeit HK$1,000 notes in a Mong Kok office raid. The fake notes were "training notes" commonly used in mainland Chinese banks.......
Hong Kong Shares List of 7 Suspicious Crypto Exchanges
The Hong Kong Securities and Exchange Commission has released an updated list of crypto exchanges that are operating without a license in the jurisdiction. According to the details shared by the SFC, these firms are believed to be or already have targeted Hong Kong investors. Key points: SFC releases an alert list to crypto investors.......
Crypto Funds See $1.44B Inflows as Bitcoin Reclaims $62,000
According to the latest report from CoinShares, the crypto sector has seen a $1.44 billion inflow of capital as the market turned bullish. The crypto market seems to have escaped the FUD around German government Bitcoin sales as the wallet emptied all of its holdings. Key points: Total inflows into digital asset investment products reach......
🥛 Solana: Price vs. Fundamentals ⚔️
GM! Welcome to Milk Road PRO – your weekly crypto dive that’s sharper than a Solana price dip. 😬Solana's price has dropped 35% since its peak in March. Despite the dramatic price drop, we believe $SOL is poised for a major breakout.Why? Because the fundamentals of Solana are continuously improving. 📈The divergence between the price and......
🥛 Battle of the blockchains: Stablecoin supremacy 🪖
Today’s edition is brought to you by Agoric – an orchestration and smart contract platform for universally accessing liquidity from across web3.Discover how Agoric can simplify your multi-chain experience.GM. This is Milk Road, the crypto newsletter that's as smooth as Michael Jordan's fadeaway jumper.Here’s what we got for you today:✍️ The race to acquire stablecoins💰......
After Paxos, SEC Ends Investigation into Hiro Systems
Just one day after the SEC ended its investigation into Paxos, the commission is dropping another investigation. According to the details from a recent filing, the SEC has ended its investigation of Hiro Systems. Key points: The SEC ends its three year long investigation into Hiro. Details from the filing show that the SEC is......
German Government Now Has Only 9K Bitcoin Left to Offload
After a few weeks of back-to-back selling, the German government now has only around 9094 Bitcoin left in its wallet. Key points: German government now only holds 9094 BTC. The value of the current holdings stands at around $519 million. German government hasn't moved any Bitcoin in the last 13 hours. At the current pace,......
🥛 US economy cools, interest rate cut inbound? ✂️
Today’s edition is brought to you by Agoric - where you can build and deploy secure DeFi applications using the world’s most popular programming language, JavaScript.Say goodbye to multi-chain chaos!GM. This is Milk Road, the crypto newsletter that feels like free Slurpee day at 7-Eleven—every single day. **checks calendar**Here’s what’s slurping today:✍️ US Economy is......
