BITCOIN

Hacking groups linked to North Korea are increasingly using exchanges in Russia to launder crypto, Chainalysis revealed. The shift in their strategy, registered by the blockchain forensics firm, coincides with a drop in the value of the stolen cryptocurrency this year in comparison with the record-breaking 2022. Chainalysis Report Alleges New Alliance Between North Korean and Russian Cybercriminals Onchain data examined by crypto analytics company Chainalysis suggests that hackers associated with the Democratic People’s Republic of Korea (DPRK) are more and more often using cryptocurrency exchanges based in the Russian Federation to launder illicit digital assets. The release of the report coincides with a summit of the leaders of the two sanctioned nations, Kim Jong-un and Vladimir Putin, who met for suspected arms talks. It also comes as U.N. sanctions monitors are drawing attention to Pyongyang’s changing tactics in cyberattacks against crypto and financial exchanges seeking t

Despite Kenyan Interior Minister Kithure Kindiki’s recent attempt to revive the old crypto terrorism funding narrative, evidence suggests that criminal elements primarily use conventional financial systems when transferring funds. Contrary to Kindiki’s claims, crypto transactions can be traced and this is evidenced by the arrests of hackers and seizure of stolen crypto assets. Debunked Evidence When the Kenyan interior minister Kithure Kindiki appeared before a parliamentary committee investigating Worldcoin’s activities, he used the opportunity to reiterate the government’s opposition to cryptocurrencies. Throughout his presentation, Kindiki repeatedly tried to link cryptocurrencies with money laundering and terrorism funding. Although some of the “evidence” presented by Kindiki has been disproved, the Kenyan minister’s remarks may nonetheless be included in the parliamentary committee’s final report. There is a possibility that such a report as well as Kindiki’s presentation may

While the gold bug and economist Peter Schiff insists the U.S. economy will experience a financial crisis of epic proportions, his son Spencer continues to espouse a diametrically opposed view of the future. Spencer Schiff is an ardent supporter of artificial intelligence (AI), and in recent times, he has been forecasting that the latter half of the 2020s will witness an “enormous hyper-deflationary economic boom.” Schiff Saga: Father and Son Differ on U.S. Economic Fate Following our report on Spencer Schiff ‘s change in perspective on bitcoin (BTC) , the younger Schiff has persisted in sharing his future predictions. Spencer’s forecast sharply contrasts with that of his father, Peter Schiff , the renowned advocate for gold and economist. Recently, his father cautioned of a “massive crisis” and predicted a rush of people exiting the U.S. dollar. Peter Schiff elaborated on the looming prospect of a significant flight from the U.S. dollar, driven by the persistent specter of colos