Following news of the collapse of FTX, we look at what it was plus the events leading up to its demise and the effects going forward. FTX FTX, until very recently, was a Bahamas-based cryptocurrency exchange, founded in 2019 which at its peak (July 2021) had more than one million users and was the third-largest cryptocurrency exchange by volume. FTX was…
With its volatile past and with a recent survey showing that almost one-third of US small businesses now accept them as payment, we look who accepts CryptoCoins in payment for goods and services. Cryptocurrencies CryptoCoins / cryptocurrencies are a digital or virtual currencies, secured by cryptography and with no central issuing or regulating authority. Instead, cryptocurrencies use a decentralised…
A report by blockchain data platform ‘Chainalysis’ has shown a 30 per cent increase in cryptocurrency being used for money laundering in 2021 compared to the previous year. $8.6 Billion The 2022 Crypto Crime Report noted how cybercriminals laundered a massive $8.6 billion worth of cryptocurrency in 2021. The figure was arrived at by compiling the amount of cryptocurrency…
