CryptoStan

Africa loses nearly $1.6 billion daily to illegal financial flows, totaling $587 billion annually, according to the African Development Bank (AfDB). These illicit movements, including corruption, tax evasion, and profit shifting, significantly harm the continent's economy. AfDB’s Chief Economist, Kevin Urama, highlighted that Africa loses more to corruption and illicit financial operations than it gains from foreign investments. Urama called for a shift in focus toward blocking these outflows rather than chasing external funds. The report emphasizes that the region's financial stability can improve by tackling the sources of these massive losses. . . . . #africa #financialflows #corruption #moneylaundering #noncrypto #cryptostan #thecryptocountry

Tron (TRX) is showing strong bullish potential, with analysts predicting a 444% surge, targeting $1.11 in the coming months. As Bitcoin's dominance wanes, altcoins like TRX are gaining attention, and many are signaling substantial gains this altseason. Despite Bitcoin's recent drop, optimism remains high for a broader market rebound, potentially pushing Bitcoin to $150,000 or more. TRX has already surged over 300% following a breakout pattern, and the continued bullish momentum suggests that a pump to $1.11 could be in store. With TRX's strong technical setup, it could significantly outperform other altcoins. . . . . #tron #trx #altcoin #thecryptocountry #cryptostan #cryptotrading

Pig butchering scams have cost crypto users $3.6 billion in 2024, making them the biggest threat in the crypto space, according to a report by Cyvers. The total number of cyberattacks rose 40% from 2023, with 165 incidents causing $2.3 billion in damages. While losses were down from the 2022 peak, access control breaches led to $1.9 billion in damages, and smart contract vulnerabilities added another $456.8 million in losses. Ethereum was the primary target, accounting for the majority of these scams. With 150,000 addresses affected, scammers used repeated grooming tactics to siphon off large sums. Improved user education and better exchange transparency are key to reducing fraud. . . . . #pigbutheringscam #cryptocurrency #cryptostan #thecryptocountry #cryptonews #moneylaunderingv #grok

Ethereum (ETH) is primed for a potential rally toward $5,232 as open interest hits an all-time high (ATH) of $23 billion. After a 15% retracement to $3,375 in late December, Ethereum has bounced off crucial support, signaling strength. Ethereum whales are repositioning for an altcoin season, with Ethereum’s open interest surging as demand rises, particularly from US spot Ether ETFs like BlackRock's ETHA and Fidelity’s FETH, attracting over $2.64 billion in net inflows. Ethereum's price is forming a macro reversal pattern, and its price remains above the weekly 50-MA, setting the stage for a bullish breakout. Expect Ethereum to target $5,232 soon. . . . . #ethereum #market #blackrock #fidelity #cryptostan #thecryptocountry #trading #price

Here are some of the crypto updates for today. #cryptocurrency #ascendex #mexc #poloniex #whitebit #cryptolisting #tradepools #cryptostan #thecryptocountry #sunbeans

The Japanese government has rejected the idea of including Bitcoin in its national reserves, citing concerns over volatility and its incompatibility with traditional currency systems. In response to MP Hamada Satoshi's suggestion, officials emphasized the risks associated with Bitcoin's fluctuating value. This decision highlights Japan's focus on stability and security in its economic policies. Meanwhile, Japan’s private sector remains confident in Bitcoin, with companies like Metaplanet investing heavily in the cryptocurrency. This stance contrasts with global trends, as countries like the U.S. and Russia explore integrating Bitcoin into national reserves or using it for trade, further illustrating Japan's cautious approach. . . . . #bitcoin #diet #japan #government #reserves #cryptostan #cryptonews #thecryptocountry

South Korea has hit a new milestone in cryptocurrency adoption, with over 15 million people now investing in digital assets. As of late 2024, 15.59 million South Koreans, or around 30% of the population, have joined the crypto market. This surge has made digital currencies a key part of the country’s financial system. In November, daily crypto trading volume reached $10.5 billion, surpassing the KOSPI and KOSDAQ stock exchanges combined. The rapid growth has sparked calls for clearer regulations to protect investors. Altcoins dominate the market, with 88% of trades occurring in these assets. Upbit, the largest exchange, holds a dominant 90% market share. As crypto trading grows, policymakers face pressure to create effective regulations to manage this booming market. . . . . #southkorea #cryptocurrency #digitalcurrency #investors #cryptoadoption #cryptostan #thecryptocountry

Bitcoin’s market momentum is strengthening as its reserves on Binance, the world’s largest crypto exchange, decline. The reserves have fallen to levels unseen since January 2024, preceding a 90% surge in Bitcoin’s price. Currently, Bitcoin trades near $98,160, with analysts predicting it could reach $187,500 in the coming months. This drop in reserves is seen as a bullish signal, as investors typically move assets into cold storage when confident in long-term price growth. In addition to this, Israel is set to launch six Bitcoin-tracking funds next week, which could boost Bitcoin’s price further. These funds, approved by the Israel Securities Authority, will provide local investors with easier access to Bitcoin using the shekel. Meanwhile, Russia is advancing its adoption of Bitcoin for global trade, reducing reliance on the U.S. dollar and using Bitcoin mined within its borders for foreign trade transactions. As Bitcoin's dominance stands at 58.40%, analysts predict it could reach 60% by December, fueling further market momentum. . . . . #cryptocurrency #binance #cryptoreserves #cryptomarket #crypostan #thecryptocountry

Here are some of the crypto updates for today. #tokenlisting #tradepools #cryptolisting #poloniex #whitebit #btse #mexcglobal #ascendex #miralab #cryptostan #thecryptocountry

Here are today's crypto updates. #cryptorexchange #tokenlisting #tradepools #futurestrading #spottrading #bitmart #phemex #mexc #binance #lbank #bitrue #cryptoupdates #cryptocurrency #cryptostan #thecryptocountry