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The looming impeachment of President Yoon Suk Yeol is roiling South Korea’s crypto market.XRP generated four times more trading volume than Bitcoin on Tuesday.’Yay for arbitrage,’ says a South Korean crypto founder.Whenever a country is engulfed by a crisis that punishes its fiat currency, households and businesses tend to flock to Bitcoin and Tether’s USDT to safeguard their wealth.Not South Korea.Even as citizens take to the streets and call for president Yoon Suk Yeol’s ouster, crypto traders are piling into XRP over Bitcoin and other assets.“In the past 24 hours, XRP has generated four times more trading volume than BTC…

The US Treasury’s Office of Foreign Assets Control (OFAC) has today issued sanctions against a number of individuals and entities connected to Russian sanctions evasion, money laundering and the funding of espionage operations. The entities targeted by today’s action are believed to be connected to a money laundering network called TGR Group. OFAC has identified crypto addresses connected to two of these individuals, Elena Chirkinyan and Khadzi Murat Dalgatovich Magomedov.  In the accompanying press release, OFAC states; “the network provides a range of services to place, layer, and integrate illicit financial schemes into the global financial system. These include: the…

Wed 04 Dec 2024 ▪ 5 min read ▪ by Luc Jose A. In 2024, the crypto market reaches a key milestone in its development with an unprecedented increase in institutional capital invested. This phenomenon reflects a profound shift in financial dynamics, driven by a growing adoption of crypto within traditional investment portfolios. At the heart of this transformation, Binance stands out by consolidating its position as a global leader among exchange platforms. The staggering growth of average bitcoin deposits on this platform surpasses that of its main competitors, confirming its crucial role. A dominance confirmed by the numbers Binance…

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Marc Hochstein, CoinDesk’s deputy editor-in-chief for features, opinion and standards.In this issue:Bitcoin gets a DEX, thanks to the Nomic bridgeUnion Labs gets $12M to build more bridgesBase’s Jesse Pollak looks back on BALDJustin Drake discusses Ethereum’s Beam Chain plan … and SolanaNetwork NewsSTRENGTH FOR ETH: The Ethereum blockchain’s transaction revenue has increased substantially since Donald Trump’s U.S. election victory, Steno Research said in a Monday report. “This outcome is crucial for all on-chain activity,” wrote analyst Mads Eberhardt. The surge has led to…

A UK-led operation has uncovered a multibillion-dollar money laundering scheme run out of London, Moscow and Dubai that enabled Russian spies and European drug traffickers to evade sanctions using cryptocurrency.The UK’s National Crime Agency said on Wednesday that its “Operation Destabilise” investigation centred on two companies — Smart and TGR — that acted as a financial hub for cash-rich global criminals and sanctioned individuals relying on cryptocurrency outside the banking system. The NCA said the network had been used by clients including the Kinahan cartel, Irish cocaine traffickers linked to numerous contract killings, as well as funding ransomware groups, and…

Four out of five asset managers and owners expect to see increases in their sustainable assets under management (AUM) and allocations over the next two years, with sustainable investing offerings emerging as a key differentiator for the large majority of investors, driven by the anticipated exposure to growth opportunities from sustainable investments, and a more established track record for sustainable investing strategies, according to a new survey released by Morgan Stanley. For the report, “Sustainable Signals,” Morgan Stanley surveyed more than 900 institutional investors across North America, Europe and Asia Pacific, including 295 asset owners and 606 asset managers. Overall,…

FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers…

Bitcoin has been left in the dust by Ripple’s XRP over the last week, with traders betting a Wall Street earthquake could be about to hit the cryptocurrency. Unlock over $3,000 in NFT, web3 and crypto perks — Apply now! The bitcoin price rally, which began earlier this year but took off after the election of Donald Trump, has stalled at just under $100,000—though some are predicting the market will explode in 2025. Now, as analysts spot a “tipping point” that could send the bitcoin price to $200,000, bitcoin juggernaut MicroStrategy is poised to be added to the Nasdaq-100 Index,…

Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: ConnectDER, a company which sells home adapters for electric vehicles and solar panels, announced Tuesday it secured $35 million in a funding round led by Decarbonization Partners, a joint venture between BlackRock and Singapore-based investment firm Temasek. Decarbonization Partners joined the latest series of funding as one of two new investors, alongside MassMutual Ventures. Six previous investors also participated in the funding round, according to a Dec. 3 press release. The funding is expected to allow ConnectDER to accelerate its…

Nvidia earns profits from bitcoin mining, while Microsoft contemplates investing in bitcoin (Photo … [+] by Rasit Aydogan/Anadolu via Getty Images)Anadolu via Getty Images Conservative Microsoft Explores Bitcoin Investment While MicroStrategy and Nvidia Drive Crypto Innovation Students of history know that even the most iconoclastic revolutionary sooner or later becomes a conservative. It’s no different in the tech sector. Those AI founders who are currently tearing up the rulebook? The decentralization pioneers building the next iteration of the web? One day they too will be legacy firms, grappling with upstart innovators in the battle to remain relevant. So when Silicon…