Since the inception of bitcoin, cryptocurrency exchanges have been a major target of attack compared to other traditional financial institutions such as banks. As cryptocurrency platforms tighten cybersecurity, hackers find new cracks in the wall.
Cryptocurrency exchanges actively apply KYC regulations to pressure darknet entrepreneurs. Despite the reduction of cryptocurrency transactions on the darknet, criminals are still active in their shadow industry.
When whales hold Bitcoin, BTC’s circulation plummets which can enfeeble a bullish trajectory. The new report on cryptocurrency found out that under 20% of Bitcoin’s (BTC) total supply was moved for trading purposes.
A lot of cryptocurrency users, especially new investors have been scammed left right and center to invest their funds in fake projects related to digital currencies. There is an ongoing cryptocurrency project called “The Billion Coin” that has or continues to milk massive profits from innocent investors.
Cryptocurrency hub Kick Ecosystem has launched its new exchange, KickEX. Licensed and regulated in the European Union, the exchange specialises in advanced trading features suitable for both beginners and professionals.
Canada has recognized cryptocurrency handling companies such as exchanges and payment service providers, as legitimate ‘Money Services Businesses (MSB)’, as the money laundering and terrorism financing act (PCMLTFA) amendment started acting.