Cryptocurrency exchanges

Crypto Exchanges Accepted $1.3 Billion From ‘High-Risk Addresses’: Report | CryptoGlobe

Crypto Exchanges Accepted $1.3 Billion From 'High-Risk Addresses': Report | CryptoGlobe

Cryptocurrency exchanges have accepted 147,000 BTC ($1.3 billion) from high-risk addresses through the first half of 2020. 

According to a report by research and analysis firm Peckshield, exchanges were responsible for accepting more than one billion in funds from wallet addresses identified as “high-risk” from previous suspicious or illegal activity. The report claims high-risk level addresses are wallets that could have been on a country’s sanctions list, connected to a darknet marketplace or siphoned from an exchange breach. 

The Chinse crypto analytics company found that Huobi was the leading exchange to receive funds from high-risk address, followed by Binance and OKEx. According to the study’s result, the top three trading platforms accounted for more than 60% of total high-risk assets received through the first two quarters of 2020. 

The report noted that bitcoin mixing applications and exchange swaps circumventing know-your-customer (KYC) rules complicate the process of tracking high-risk funds. The analytics firm found that the movement of funds between alleged illicit addresses accounted for 13,927 transactions in total. 

As CryptoGlobe reported, CryptoCompare’s Exchange Benchmark revealed that 38% of crypto exchanges interact with high-risk entities in 25% or more of their transactions.  These high-risk entities include criminals, darknet markets and vendors, gambling projects, malware operators, cryptocurrency mixers, ransomware operators, and OFAC sanctions addresses.

Out of CryptoCompare’s two top-graded AA exchanges, none interact with these high-risk entities, although some Top-Tier exchanges did in some of their transactions.

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Wealthiest Crypto Investors - Biggest Players in the Cryptocurrency

Wealthiest Crypto Investors – Biggest Players in the Cryptocurrency

July 16, 2020

The blockchain technology-based currency has revolutionized many industries, and the trading is the first one of them. However, cryptocurrency is speculative, and its prices swing wildly. It is down almost 50% in comparison to its peak, but it has shown its potential through the world’s wealthiest individuals. Tax avoidance, black-market transactions, scams, sanctions-dodging are the main reasons to make it down in value.

The Richest in Cryptocurrency World

The Hurun Global Rich has issued the latest list of wealthiest persons. Six wealthiest Cryptocurrency Entrepreneurs have got a place in the newest list. China and the USA are in the lead with 1,425 number of the most affluent people. There is a world record of 2,816 billionaires this year. Wealth calculations are as of Jan 31, 2020. Some wealthy crypto entrepreneurs are not listed due to uncertainty in their wealth.

Five out of the six crypto wealthiest persons in the list run cryptocurrency exchanges like the bitcoin bank official site 2020. The richest winners who have made a considerable fortune with their investment in the Bitcoin world are as follows:

Changpeng Zhao (CZ) ($2.6 billion): Huran’s report shows the 42-year-old CEO of Binance, CZ, is the wealthiest of the crypto bunch. He had $1.3 billion in the year 2019 which has risen to $2.6 billion this year. He has been getting more and more traction in the crypto community and has become the top-ranked crypto player.

Zhan Ketuan ($1.6 billion): Bitmain’s co-founder Zhan Ketuan reportedly has $1.6 billion and is the second wealthiest crypto investor in Huran’s report. He got second place on the list. Last year he had $2.7 billion, which means Ketuan is down $1.1 billion.

Xu Mingxing (Star Xu) ($1.4 billion): Xu Mingxing is the CEO of OKCoin – BitCoin trading platform that works with advanced technologies. He has around $1.4 billion.

Chris Larsen ($1.3 billion): He currently serves as executive chairman on board of directors of Ripple and has been former CEO there.

Leon Li Lin ($1.1 billion): He is the founder of one of the world’s largest Bitcoin exchanges – Huobi Global. He is the CEO of Pantronics Holdings Ltd also. He is a coder and one behind the research into blockchain applications. Huobi’s Li Lin has allegedly $1.1 billion from cryptocurrency earnings.

Brian Armstrong ($1 billion): 37 years old Armstrong is the co-founder and CEO of the largest United States crypto exchange Coinbase. He has been in the headlines for his wealth.

Young and Rich

Let us meet the ‘miners’ who have won even after shadowy beginnings. They are early Crypto adopters who recognized a lucrative opportunity:

Erik Finman: He is the teenage bitcoin millionaire. He is one of the early crypto pioneers who first bought bitcoin at the age of 12 with $1,000 from his grandmother. He sold it at the age of 15 when the currency was up and earned $100,000 with the revolutionary potential of cryptocurrency.

Tyler and Cameron Winklevoss: They became the first billionaires in late-2017 when a sudden powerful upward movement in Bitcoin prices was witnessed. They own approx 1% of circulated Bitcoins.

Blythe Masters: She is the CEO of Digital Asset Holdings (DAH) company that builds encryption-based processing tools (blockchain technology) to improve the efficiency, security, and settlement speed of Bitcoin trading.

Brock Pierce: Another notable name in this field is a former child actor and Entrepreneur Director of the Bitcoin Foundation (BCC (News – Alert)). The foundation initially raised $85 million from venture capitalists in 2017. POst its ICO; its currency was named EOS and its new venture,, has been created for promoting businesses on blockchain and seeing projects move from strategic phase to execution.

It has been estimated that approximately 2.644 million Bitcoins aren’t in circulation yet. Bitcoin is the first most successful blockchain-based cryptocurrency since 2009. The volatility can be seen in its range from $10 in 2010 to $20,000 in 2018. This overall price increase has brought out many Crypto billionaires.

» More TMCnet Feature Articles


Author: By Special GuestBilal Ahmed

Cryptocurrency Exchange Bitrump Adds 30K Users in Last Month

Cryptocurrency Exchange Bitrump Adds 30K Users in Last Month

In a landmark achievement UAE based crypto exchange and trading platform, Bitrump has added more than 30000 new users to their platform in the last one month.

DUBAI, United Arab Emirates, July 16, 2020 /PRNewswire-PRWeb/ — Cryptocurrency exchange and trading platform Bitrump has added more than 30000 new users from across geographies in the last one month. Although based in UAE, the exchange is operational in several countries with a robust network of the global user base.

Since the initial days of getting launched the trading platform has shown steady build-up and constant trading volume surges. In the last few months, there has been a noteworthy amplification of user registration over the platform as reported by the company spokesperson.

It has already captured the position of being one of the notable crypto exchanges locally, with a global repute owing to its advanced trading options. Bitrump has some of the leading cryptocurrencies listed under its platform, which offers diverse trading opportunities to the users.

“Bitrump aims to make crypto trading accessible to all, which we believe will ultimately contribute to the global adoption of digital assets trading. We offer scalable trading options to the users through our platform and make sure that they get the best prices, in comparison to other exchanges”, commented Xavier Perry, Director, Bitrump.

The popularity of Bitrump is solely backed by its innovative offerings in crypto trading and a highly intuitive interface that is easy to use and trade-in. Some of the stand-out features of the exchange are:

What future awaits cryptocurrencies?

  • About Bitrump:
  • Bitrump is the world’s leading digital asset trading platform based in UAE. It supports leading cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Tether. Bitrump was founded by blockchain enthusiasts and the core team is from the world’s leading internet and finance companies, including the earliest adopters/professionals of cryptocurrency who boast of rich experience in R&D, global operations and services in the industry. The mission of Bitrump is to drive the world towards a better financial system.

    SOURCE Bitrump


    Cryptocurrency Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2025

    Cryptocurrency Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2025

    According to a research report published by Azoth Analytics in August 2019, the Cryptocurrency Market was valued at USD 856.36 Billion in the year 2018. Key factors facilitating high demand of cryptocurrencies include high remittances in developed countries, increasing fluctuation in monetary regulations, and growth in venture capital investments coupled rising awareness among the investors especially in emerging nations. According to the research report, global cryptocurrency market is projected to display robust growth represented by a CAGR of 11.9% during 2019 – 2024.

    The Final Report will cover the impact analysis of COVID-19 on this industry:

    Download Sample of This Strategic Report:

    Bitcoin currency holds the major share in the market owing to the growing awareness among Asian investors coupled with availability of larger returns is proliferating the market growth. Moreover, growing usage of alternative currencies such as Ethereum, Ripple and Bitcoin Cash due to their captivating features and models has been major factors backing the growth in the industry. Amongst the regions, Europe accounts for the largest regional share in the global Cryptocurrency market. Key factors driving the robust growth rate in European region include presence of enormous consumer base, and legalization of cryptocurrencies as a medium of exchange in many countries coupled with growing internet penetration, supplementing the market growth of Cryptocurrencies in the region. 

    A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Cryptocurrency Market. The report analyzes the Cryptocurrency Market by Type (Bitcoin, Ethereum, Ripple, Litecoin and Others) and by Constituents (Exchanges, Mining, Wallets and Payments). The Cryptocurrency market has been analyzed By Region (North America, Europe, Asia Pacific and Rest of the World) and By Country (U.S, Germany and Japan) for the historical period of 2017-2018 and the forecast period of 2019-2024. 

    Scope of the Report

    Global Cryptocurrency Market (Actual Period: 2017-2018, Forecast Period: 2019-2024)
    ? Market Sizing, Growth, Forecast
    ? Analysis by Type – Bitcoin, Ethereum, Ripple, Litecoin, Others
    ? Analysis by Constituents – Exchanges, Mining, Wallet, Payments
    ? Competitive Landscape – Market Share Analysis

    Regional Cryptocurrency Market – North America, Europe, Asia Pacific, ROW (Actual Period: 2017-2018, Forecast Period: 2019-2024)
    ? Market Sizing, Growth, Forecast
    ? Analysis by Type – Bitcoin, Ethereum, Ripple, Litecoin, Others
    ? Analysis by constituents – Exchanges, Mining, Wallet, Payments

    Country Analysis – Cryptocurrency Market by Value – United States, Germany, Japan (Actual Period: 2017-2018, Forecast Period: 2019-2024)
    ? Market Sizing, Growth, Forecast
    ? Analysis by Type – Bitcoin, Ethereum, Ripple, Litecoin, Others

    Other Report Highlights
    ? Strategic Recommendations
    ? Market Dynamics – Trends, Drivers, Challenges
    ? Company Analysis – Bitmain Technologies, BitGo, NVIDIA Corporation, Ripple Networks and Coinbase

    Get Complete Access of Study Report:

    Customization of the Report
    The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research. 

    About Kenneth Research:

    Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

    Contact Us

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    The post Cryptocurrency Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2025 appeared first on America News Hour.


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