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  A recent study by a New York-based blockchain platform has found that the value of illicit cryptocurrency transactions decreased by more than 48% in 2023, dropping from $39.6 billion to $24.2 billion  The report, titled "2024 Crypto Crime Trends," also showed that the share of cryptocurrency transaction volume associated with illicit activity fell to 0.34% last year from 0.42% in 2022 The report attributed the significant drop in illicit transaction volume to a sharp decline in crypto scams, which saw a 29.2% decrease in revenue, and hacking, which experienced a 54.3% decline in revenue   The report also identified a shift away from Bitcoin as the cryptocurrency of choice for illicit activities, with stablecoins now accounting for the majority of illicit transaction volume Sanctioned entities and jurisdictions together accounted for a combined $14.9 billion worth of illicit transactions, representing 61.5% of all illicit transaction volume measured for the year  ...

  Bitcoin, the flagship cryptocurrency, has encountered a notable setback, reaching its lowest price point since mid-December. The decline comes on the heels of diminishing speculative demand triggered by the recent hype surrounding new exchange-traded funds (ETFs), leaving Bitcoin in the red since the start of 2024. The digital asset flirted with a potential drop below $40,000, ultimately settling at $41,220 by 12 pm on Friday. This 4% decline within a 24-hour period underscores the challenges facing Bitcoin as it grapples with shifting market dynamics. Smaller tokens, such as Ether, Solana, and Polkadot, have also faced headwinds amid the broader downturn. Investors are closely monitoring these developments to discern whether this is a temporary correction or a more sustained trend impacting the cryptocurrency market. The market's response to Bitcoin's recent performance reflects the inherent volatility and sensitivity to external factors, underscoring the need for a cautiou...