lswcap
CryptoCompare, a company that organizes crypto asset transaction information, reported in its June 2021 report that trading volume decreased by more than 40% compared to the previous month as the Bitcoin price continued to stagnate.
In June 2021, Bitcoin finished trading at a monthly low of $28,908. The drop was 6%, which is a decrease of more than 40% in trading volume on exchanges such as Coinbase and Binance, according to the report.
It is pointed out that the reason for the decrease in trading volume is a decrease in price and a decrease in price fluctuations. However, market experts are also of the view that the crypto asset market may be moving in the same way as the stock market may see a decrease in trading volume in the summer.
In addition, even if the trading volume decreased by 40% from the previous month, there was a lot of trading volume in May 2021, so it is pointed out that the June figure is a number that will enter the TOP 5 among recorded transactions and is still large compared to the 2020 figure. Related information can be found here.
Meanwhile, the London Police Department announced on July 13 that it had seized £180 million worth of crypto assets from a 39-year-old woman living in London. The London Police Department also seized crypto assets worth £114 million from the same person in June 2021.
The London Police Department arrested a 39-year-old woman living in London on 24 June for money laundering. At the time of her arrest, the woman was caught trying to launder £114 million worth of crypto assets, which was reported as the highest-priced crypto asset seized in the UK. However, the woman confiscated an additional £180 million of crypto assets, setting a new record high for crypto assets.
The London Police Department said that it had succeeded in confiscating a large amount of crypto assets again within a month of the investigation, and expressed its intention to investigate the case for several months to come. In addition, an official from the Metropolitan Police Department said that cash is still the king of crime, but crypto assets were only unexplored a few years ago, but now there is a highly trained team of crypto assets and criminal groups with crypto assets are advancing.
The confiscated crypto asset is Bitcoin, whose value as of July 2021 has been reduced to less than half of what it was in April 2021. In other words, confiscated crypto assets may have more than doubled in value three months ago. Reports also pointed out the difficulty of tracking money laundering using crypto assets, saying that the large fluctuations in the value of confiscated bitcoins make it difficult to track money laundering. Related information can be found here.
Add comment