Todayq

With rising #blockchain fraud, #Malaysia’s Anti-Corruption Commission is using AI and blockchain to track and combat financial crimes more effectively. Chief Commissioner Tan Sri Azam highlighted how evolving technology is reshaping enforcement strategies. Read full story: https://lnkd.in/gjj5iAkG

A #crypto exchange CEX(dot)IO released a new survey that quoted Allium’s data and it mentions that automated trading bots were responsible for 70% of #stablecoin transaction volume last year, based on an analysis of blockchain activity over Ethereum, Base, and Solana. According to the exchange, on average, 77% of last year’s total stablecoin transaction volume slid into the unstable category, mainly driven by bot transactions. Read full story: https://lnkd.in/gc2Xx9_e

#Indonesia has emerged as the 3rd largest country in #cryptocurrency adoption, with 48% of its adult population holding digital assets. The market saw an astounding 350% surge in transactions, reaching $30 billion in 2024. Regulatory support, increased smartphone penetration, and a young investor base are driving this growth. Read full story: https://lnkd.in/g5hPQzS2

The emergency services in North Jeolla Province have alleged that #SouthKorea has faced another major fire caused by overheating #cryptomining rigs. A South Korean news agency, Yonhap reported that the incident took place in the city of Muju. As per the Fire Service Officers, the fire resulted in $17,345 worth of damage. The Police officers revealed that the fire broke out at about 4:28 am on January 30. And, they also reported that the incident took place at a house in Muju Country. Read full story: https://lnkd.in/gayY_5Ar

#Crypto wallets associated with Ross Ulbricht, the creator and operator of the darknet market Silk Road, lost around $12 million after making a memecoin trading mistake, as per Arkham Intelligence. On January 30, Arkham posted on X mentioning that Ulbricht or a user managing his wallets inadvertently wrecked the price of a fan-made memecoin made after the release of #Ulbricht from prison known as ROSS in an attempt to offer liquidity on the decentralized exchange (DEX) Raydium. Read full story: https://lnkd.in/gz43etBb

An #Indian platform for #crypto investments, Mudrex has recently conducted a survey before the Union Budget 2025 of India. The survey reveals that the majority of crypto investors want alteration in the tax system. The conclusion indicates a strong demand for alteration in the tax system, with most of the people voting for reduced rates and enhanced flexibility in the taxation system for crypto investments. Read full story: https://lnkd.in/gshJ-MKn

#Tether (USDT), the world’s most traded stablecoin, is expanding its presence by integrating with #Bitcoin and the Lightning Network. This move is expected to enhance transaction efficiency, security, and scalability, strengthening #USDT’s position in the crypto market. Despite facing regulatory hurdles in Europe and recent selling pressure, USDT continues to dominate stablecoin adoption. Read full story: https://lnkd.in/g3dWee5f

The #cryptocurrency market in 2024 saw the launch of thousands of new projects, but many failed due to fraudulent schemes. A Chainalysis report reveals that 5% of new tokens followed pump-and-dump patterns, with 90% of #DEXs involved in such activities. Read full story: https://lnkd.in/gJMbr3FM

The rising number of scams in the #crypto market continues to be a major concern. In a recent development, Jakarta police have uncovered a crypto romance scam targeting middle-class women and professionals through dating apps like #Tinder and #Bumble. Victims, mainly from the Philippines, Thailand, and Vietnam, were promised 25% returns. Read full story: https://lnkd.in/gfX_cAjj

#Alchemy Pay has integrated Move Token from the Movement Network, allowing users to purchase it using mainstream payment options like #Visa, #Mastercard, Mobile Banking, and Bank Transfers. Experts believe this integration will expand Move’s market reach and scalability. Move Token was trading at $0.8276, up 4.39%, with a 5.06% increase in market cap to $1.89B. Read full story: https://lnkd.in/gmj48xdq