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Showing posts from October 6, 2024

Australian Police Seize $9.3M in Crypto, Bust Mastermind Behind Ghost Platform

The Australian Federal Police have taken a major step against organized crime by seizing $9.3 million in cryptocurrency. The operation uncovered a secret encrypted communication platform, Ghost, leading to the arrest of its alleged mastermind. Through digital forensics, authorities cracked the suspect’s crypto accounts. With previous operations yielding millions in seized assets, the ongoing investigation […]

Swift to Pilot Digital Asset and Currency Transactions in 2025

Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital and traditional assets, addressing the challenges of disconnected platforms. The trials build on successful blockchain experiments, seeking […]

Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil

Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that flowed out of Brazil through August, hinting at the use of virtual assets as payment tools. Cryptocurrency Outflows Dangerous […]

L2 Scaling Challenges May Undermine Ethereum and Bitcoin’s Long-Term Security

Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees and rewards for miners and validators dwindling. Growing L2 Adoption Raises Concerns […]
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