Analysis Crypto by Thebittimes.Com

A report from Canada’s financial intelligence unit predicts that criminals will continue to rely on crypto laundering to hide their funds while maintaining an “overwhelming reliance” on mixing services and exchanges.  The report, published by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), highlights the efforts it undertook between 2022 and 2023 to protect the country’s financial system. In the face of a Crypto winter, the report says it “expects to see further long-term growth in the adoption of Crypto currency by illicit and threat actors seeking to raise, move, and hide funds outside the traditional banking system.” The agency also noted that despite the “massive growth” of crypto-related crime being identified, criminals will likely stick to the same methods of laundering their funds. And the most prevalent method for ransomware attackers and fraudsters looking to launder their funds is crypto . Casino operators with ties to Tether, ...

Cryptocurrency and Web3 platform Coin Kickoff recently examined around 1.6 million tweets from various geographic locations and came up with a list of countries on both sides of the metaverse spectrum. With 56.8% positive metaverse tweets, Vietnam ranked first on the ‘love’ list. Likewise, Ireland topped the ‘hate’ list, with 14.4% of negative tweets related to the metaverse . Philippines, Ukraine, Nigeria, Indonesia, and Taiwan followed Vietnam’s suit. As shown below, the share of positive tweets oscillated in the 47.3% to 56.2% range. Source: Coin Kickoff Denmark, New Zealand, the U.S. , Canada , and Norway followed Ireland on the other side of the spectrum. Their negative tweets ranged in the 11.7% to 13.2% bracket. Also Read: Cardano Community Is Excited for Valentine’s Day: Here’s Why Does the U.S. really hate the Metaverse? As global interest in the metaverse is still bubbling, Americans, “are still unsure about whether it will b...

Local stakeholders believe that a crypto mining moratorium might actually mean the beginning of a new dialogue between the government and the industry. Canada has remained a peculiar regulatory alternative to the neighboring United States in regard to crypto currency. While its licensing process has become more stringent than in some countries, Canada was the first to approve direct crypto exchange-traded funds. State pension funds have invested in digital assets, and crypto Mining firms have moved to the country to take advantage of the cool temperatures and cheap energy prices. But the gold rush for miners in Canada may be slowing down. In early December, the province of Manitoba — rich in hydroelectric resources — enacted an 18-month moratorium on new mining projects. This move resembled a recent initiative in the U.S. state of New York that stopped the renewal of licenses for existing mining operations and required any new proof-of-work miners to use 100% renewable energy. Thes...