A Bitrace report reveals that $649 billion in stablecoins, representing 5.14% of all stablecoin transactions, flowed through high-risk addresses associated with illicit activities in 2024. The report highlights trends in stablecoin usage for illicit purposes, focusing on the dominance of Tron-based USDT and the rise of crypto gambling.
Tag: Bitcoin Regulation
Loopscale Recovers $2.8M After DeFi Hack: A Detailed Analysis and Recovery Efforts
Following a $5.7 million exploit, DeFi protocol Loopscale has successfully recovered $2.8 million. This article dives into the details of the hack, the negotiations with the attacker, the proposed bounty, and the broader implications for DeFi security.
Melania Memecoin Team Sells $1.5M in Tokens: Impact and Market Analysis
The team behind the Melania (MELANIA) memecoin has sold over $1.5 million in tokens, sparking concerns amid a cooling memecoin market. Learn about their DCA strategy, the token’s performance, and broader memecoin trends.
Stacks Asia & Abu Dhabi Global Market: Expanding Bitcoin Adoption in the Middle East
Stacks Asia partners with Abu Dhabi Global Market (ADGM) to promote Bitcoin adoption through education and support for Bitcoin builders in the Middle East and Asia. Learn about the initiative’s goals, regulatory framework, and future plans.
Coinbase Launches Bitcoin Yield Fund for Institutions: A Comprehensive Guide
Coinbase introduces a Bitcoin Yield Fund targeting 4-8% annual returns for institutional investors. Explore the fund’s strategy, benefits, and the growing institutional interest in Bitcoin.