bitcoinlfg

Tag: Transactions

  • Belarus planning to ban P2P crypto transactions

    Belarus planning to ban P2P crypto transactions

    • Belarusian President Alexander Lukashenko in 2022 signed a decree allowing free circulation of cryptocurrencies like Bitcoin in the country.
    • The announcement somewhat seems to contradict the previous stand that Belarus has had on cryptocurrencies.
    • If effected, Belarusians will not be allowed to use peer-to-peer crypto exchanges.

    The foreign ministry of Belarus is drafting new legislation to outlaw peer-to-peer (P2P) cryptocurrency transactions of cryptocurrencies like Bitcoin.

    On July 2, the Republic of Belarus’ Ministry of Foreign Affairs (MFA) made a formal announcement on Telegram regarding the new legislation that will outlaw peer-to-peer (P2P) cryptocurrency transactions for individuals.

    Belarus’ Ministry of Foreign Affairs (MFA) announcement runs somewhat afoul of the recent laws that Belarus has passed. President Alexander Lukashenko of Belarus officially endorsed the free circulation of cryptocurrencies like Bitcoin in 2022.

    Belarus cites high rate of cybercrime

    The authorities cited Belarus’ high rate of cybercrime and claimed that since the year’s beginning, local prosecutors have stopped 27 citizens from offering “illegal crypto exchange services.”

    The total earning from illicit earnings totalled about 22 million Belarusian rubles ($8.7 million).

    According to the foreign ministry, cryptocurrency P2P services are “in demand among thieves who cash out and convert stolen funds and transfer money to criminal scheme organizers or participants.”

    The MFA will forbid individuals from P2P and only permit them to exchange cryptocurrencies only through cryptocurrency exchanges registered with Belarus Hi-Tech Park in order to eradicate such illicit activity (HTP). It also stated that it intends to implement a practice that will make it “impossible to withdraw money obtained from illegal activity,” similar to the process for exchanging foreign currencies.

    Share this article
    Categories
    Tags

    Source link

  • DOGECOIN Encounters An Increase In Whale Transactions

    DOGECOIN Encounters An Increase In Whale Transactions

    Source link

  • DOGECOIN | Dogecoin Transactions without internet?

    DOGECOIN | Dogecoin Transactions without internet?

    Source link

  • The Radio Doge Project will make it possible to make dogecoin transactions without internet access

    The Radio Doge Project will make it possible to make dogecoin transactions without internet access

    Source link

  • Mysterious Whales Move Trillions of SHIB as Transactions Jump 154%

    Mysterious Whales Move Trillions of SHIB as Transactions Jump 154%

    According to IntoTheBlock data, Shiba Inu whales, or large holders, got into the action as large transactions rose 154% in the last 24 hours. Large transaction surges are typically linked to increased activity from whales, who are either buying or selling and are often more than $100,000. Most Shiba Inu price moves have often coincided with a spike in large transactions.

    According to crypto data tracker WhaleAlert in two lumps, 3,377,867,790,724 SHIB worth $37,375,684 and another 3,914,263,607,418 SHIB worth $42,932,556 were moved in between wallets. Shiba Inu saw a massive spike on Oct. 27 to reach highs of $0.0000118 but has since returned to trade near $0.0000106.

    WhaleStats’ analysis of the top 100 Shiba Inu holders also reflected a 50% spike in active addresses as crypto whales interacted with billions of Shiba Inu, leading to an increase in the number of large transactions. The average SHIB balance in this category of whales rose slightly (2.45%) in the last 24 hours.

    Shiba Inu also ranked among the top 10 assets in terms of trading volume among the 2,000 biggest ETH whales.


    Ads

    Currently, the top 500 ETH whales are hodling $133,187,605 worth of SHIB. According to CoinMarketCap, Shiba Inu was trading at $0.0000106 at the time of publication, up 1.75% in the last hour and down 3.99% overall in the last 24 hours.

    Shiba Inu gains “hodlers”

    According to IntoTheBlock’s data on holder composition by time held, 40% of SHIB holders have “hodled” their tokens for more than a year, 57% have held within a year and 3% have held onto their tokens for less than a month.

    As reported previously, the percentage of long-term holders, or “hodlers,” was given at 38% on Oct. 26. The current 40% implies an increase.



    Source link