Crypto Catch: Crypto Money Laundering up 30% from 2020

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Crypto Catch: Crypto Money Laundering up 30% from 2020

 Crypto Catch: Crypto Money Laundering up 30% from 2020
Image source: © Hap | Megapixl.com

Highlights

  • Criminals laundered US$8.6 billion of cryptocurrency in 2021
  • According to the report, this number is up by 30 percent from the previous year
  • Bitcoin rose half a percent overnight and yet still the crypto’s value remains a touch above US$37,000

Criminals laundered US$8.6 billion of cryptocurrency in 2021, according to a report by blockchain data company Chainalysis.

According to the report, this number is up by 30 percent from the previous year.

The report further outlines that there are key services used to launder cryptocurrency by criminals, which police could target and as a consequence cause a huge blow to money laundering criminals.

The UK's National Crime Agency’s law forces are responding, after the company had previously estimated US$14 billion Illicit crypto transactions in 2021.

Bitcoin News

Moving onto bitcoin news. The worlds largest cryptocurrency rose half a percent overnight and yet still the crypto’s value remains a touch above US$37,000.

It’s still down almost US$5,000 this time last week where it was valued at around US$41,700.

Altcoin News

Investors are starting to see a glimmer of hope again as the wider crypto market is beginning to trade in green once again.

This is a marked difference from yesterday when the vast majority of the top 100 cryptos were trading in the red with only a handful of digital currencies trading in the green.

Winners and Losers

Note: This data is taken from the 24 hours prior to 1:00pm (AEST)

winners and losers in cryptocurrency trading

Note: Growth from the 24 hours prior to 12:30pm AEDT

Source: Coinmarketcap.com, based on top 100 cryptos.

Image Source @ 2022 Kalkine Media®

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