Fiat Money Outpaces Bitcoin 800:1 for Money Laundering: Report

Fiat Money Outpaces Bitcoin 800:1 for Money Laundering: Report 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

 Recent research published by Messari revealed that bitcoin (BTC) is not at all the financial threat that some critics claim. Messari said that they performed the research in response to recent remarks by U.S. Treasury Secretary Steven Mnuchin. Data from Chainalysis and the United Nations Office on Drugs and Crime revealed that traditional fiat money is used 800 times more than bitcoin to launder money on the darknet. The results don’t take into account estimates of money laundering through conventional markets. For each dollar launder in BTC, $800 is laundered…

BTC Outflow on BitMEX Exceeded Inflow by $73M: TokenAnalyst

BTC Outflow on BitMEX Exceeded Inflow by $73M: TokenAnalyst 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin (BTC) outflows on major crypto exchange BitMEX have notably exceeded the inflows after the firm was reported to be a subject in a regulatory investigation. Bitcoin outflows on BitMEX exceeded inflows by $73 million Over the past 24 hours, BitMEX saw an outflow of $83 million worth of Bitcoin, while only $12 million came in, London-based blockchain data provider TokenAnalyst reported in a tweet on July 19. 24-hour on-chain Bitcoin flows on major exchanges. Courtesy of: TokenAnalyst Twitter While such a discrepancy appears to be abnormal in comparison with…