6 hours ago
The United Nations Office on Drugs and Crime (UNODC) is warning that organized crime syndicates are increasingly leveraging cryptocurrency and blockchain technology to fuel their operations. According to a new UNODC report , gangs in Southeast Asia are creating tailored financial ecosystems, including unlicensed exchanges and stablecoins, to evade detection and launder illicit money. “…Many of the region’s largest criminal groups that have expanded within Southeast Asia and a growing number of jurisdictions in other parts of the world have rapidly diversified their business lines towards the development of key infrastructure. This has extended far beyond the construction and management of physical scam centers to include online gambling platforms and software services, unlicensed payment processors and cryptocurrency exchanges, encrypted communications platforms and, most recently, stablecoins, four blockchain networks, and illicit online marketplaces, often controlled by the same criminal networks. “ The UN also calls for international cooperation and stronger regulatory frameworks to combat and stem the growth of such groups. “The subtle and ongoing spillover creeping into other regions has allowed Asian crime syndicates to broaden the scope of their operations and target an increasingly diverse range of victim profiles and nationalities from around the world. More than this, it has allowed them to dramatically scale up profits and influence while simultaneously generating billions in illicit capital reserves (fiat and cryptocurrency) that can be reinvested into further expansion and also utilized to service the money laundering needs of other criminal groups globally.” Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Vladimir Sazonov/Ociaci The post UN Says Crime Syndicates Expanding Into Crypto and Blockchain To Power Multibillion-Dollar Operations appeared first on The Daily Hodl .
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Blockchain Scams, Hacks & Breaches blockchain crime News stablecoins UN
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin eyes $94K after Trump declares no intent to fire Fed Chair
Bitcoin`s surge amid political stability hints at its growing role as a hedge against economic uncertainty and traditional market volatility. The post Bitcoin eyes $94K after Trump declares no intent to fire Fed Chair appeared first on Crypto Briefing . The Daily Hodl
XRP Price Momentum Spikes — $2.25 Break Could Spark Bigger Rally
XRP price started a fresh increase above the $2.150 zone. The price is now consolidating above $2.20 and might clear the $2.250 resistance. XRP price started a fresh increase above the $2.120 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if it clears the $2.250 resistance zone. XRP Price Gains Strength XRP price started a recovery wave above the $2.0650 and $2.10 resistance levels, like Bitcoin and Ethereum . The price traded above the $2.120 and $2.150 levels to start a decent increase. The bulls even pushed the price toward $2.250 before the bears appeared. A high was formed at $2.2490 and the price started a downside correction. There was a move below the $2.2350 and $2.2220 support levels. The price even tested the 23.6% Fib retracement level of the upward move from the $2.060 swing low to the $2.2490 high. However, the bulls protected the $2.20 support. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.2450 level. The first major resistance is near the $2.250 level. The next resistance is $2.350. A clear move above the $2.350 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.620 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.80. Another Decline? If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.20 level and the trend line. The next major support is near the $2.150 level and the 50% Fib retracement level of the upward move from the $2.060 swing low to the $2.2490 high. If there is a downside break and a close below the $2.150 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.080 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.20 and $2.150. Major Resistance Levels – $2.250 and $2.350. The Daily Hodl
BTC
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Crypto Whale Nets $153M Profit After Unstaking 100K SOL
32 dakika önce
