A new study by Visa, conducted in collaboration with Allium Labs, suggests that over 90% of stablecoin transaction volumes may not be coming from genuine users.
Venture capitalists have poured over $1 billion into the cryptocurrency and blockchain industry for the second month this year in April, with $1.02 billion being invested across 161 funding rounds – a slight dip from the $1.09 billion invested in 186 rounds in March.
Alexander Vinnik, a former operator of the now-defunct BTC-e cryptocurrency exchange, pleaded guilty to a charge of conspiring to commit money laundering, the U.S. Department of Justice announced.
Top stories in the Crypto Roundup today:
- 90% of Stablecoin Transactions Linked to Bots, Not Real Users
- Venture Capitalists Pour Over $1 billion in the Crypto Space for Second Month in a Row
- Former BTC-e Exchange Operator Pleads Guilty to Money Laundering
- Spread is Significantly Varied Across Benchmarked Exchanges