Altcoin News by Thebittimes.Com

THORChain (RUNE) has been constantly rising over the past ten days after witnessing a 45% decline since the start of October.  The asset has gained bullish momentum as the global crypto market capitalization gained traction, reaching a local top of $1.27 trillion. The possibility of the Bitcoin (BTC) spot exchange-traded fund is one of the main positive drivers. RUNE price, development activity , social volume and Binance funding rate – Oct. 31 | Source: Santiment According to data from Santiment, THORChain’s development activity rose by 27% in the past 24 hours and registered 160% gains since Oct. 29. Per the market intelligence platform, the asset’s development activity is still down by 95.4% from its local top on Oct. 17. You might also like: Daniel Shin denies hand in Terra’s collapse On the other hand, RUNE’s social volume surged by a whopping 160% over the past 24 hours, putting the asset in the trend zone, according to Santiment. Data shows that th...

While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go. According to new research, fewer cybercriminals are turning to Bitcoin as their primary method of moving illicit funds, with bad actors opting to go back to fiat channels or choosing other cryptocurrencies. Digital asset compliance and risk management firm TRM Labs revealed that illicit finance volumes involving Bitcoin (BTC) had fallen significantly over the past seven years, according to its “Illicit Crypto Ecosystem Report,” released on June 28. TRM Labs said instead a new multichain era has led to a “qualitative leap” away from Bitcoin as a primary means of moving criminal proceeds. The firm also highlighted that cash and other forms of fiat-related finance remain the “default” means of criminal money movements. “Indeed, cash and even older forms of finance such as hawala (transferring money without physically moving it) rem...