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Industry Trends

Industry Trends

14/03/2022

Tether: Opportunities and Risks of USDT in CeFi and DeFi

Cryptocurrencies are volatile; there is no limit to price soar and plunge, and the market runs 24/7/365. In November 2021, we witnessed Bitcoin hitting its highest — over $68,000 — it fell to almost 50% of that in January 2022 which led the entire market into a bearish mode. Such volatile characteristics in cryptocurrencies… Read More

Industry Trends

16/02/2022

Virtual Assets in 2022: Is Crypto a Commodity, Currency, or Financial Product?

2021 Virtual Assets-Related Financial News Crypto marched into the physical world in February 2021 when Tesla filed with the SEC regarding its purchase of bitcoin worth $1.5 billion USD and accepted Bitcoin as a method of payment in March (then stopped the Bitcoin payment in May). As a new member of… Read More

Industry Trends

16/06/2021

Mobilization of Crypto Community Is Helping India in the Pandemic

The debates over the true value of cryptocurrencies have never ended. However, the unfortunate pandemic which the world is still suffering from has become a real scenario — the mobilization of the global crypto community and the immediate transferring of funds have successfully saved lives, especially in emerging economies, including India. Mobilization… Read More

Industry Trends

23/04/2021

What is Hawala? An Ancient Informal Financial System in Emerging Economies

Hawala or hewala is a word derived from the Persian word havaleh, literally meaning transfer or trust. In simple words, hawala can be defined as a money transfer method, which exists outside the purview of the traditional banking system, utilizing two or more hawala dealers (also called hawaladars) for moving… Read More

Industry Trends

16/04/2021

Bitcoin & Cryptocurrencies: Best Alternative to Send Money to India

Consumer-to-consumer (C2C) cross-border money transfer is defined as “Remittance”. In general terms, a remittance is a payment of money that is transferred to another party. Broadly speaking, any payment of an invoice or a bill can be called a remittance. However, remittance is most often described as any sum of… Read More

Industry Trends

07/04/2021

After losing 800+ Bitcoins: Founding Story Behind XREX

Wayne Huang and Winston Hsiao co-founded XREX in 2018. It’s the year of the Bitcoin plunge, and many people, including crypto enthusiasts, have lost their faith. However, Wayne and Winston strongly believe that Bitcoin and blockchain is an opportunity they must pursue after the dot-com revolution. They started XREX at a time… Read More

Industry Trends

31/03/2021

Best Crypto Frontline Defender: XREX Risk Level Detector

XREX proudly launches “Risk Level Detector”, a new feature which helps customers detect risk levels of users’ deposit and withdrawal crypto addresses. Top security is our commitment to you. We understand it has been a challenge for crypto users to identify tainted crypto wallets; many have been scammed and lost… Read More

Industry Trends

26/03/2021

Bitcoin Scams: 6 Common Crypto Frauds and How to Stay Safe

If you read about Bitcoin and cryptocurrencies primarily from the mainstream media, you would be forgiven in thinking that any kind of involvement in Bitcoin could result in you getting scammed. Indeed, “Bitcoin” and “scams” are increasingly being used together often to describe almost any fraud related to cryptocurrencies. The… Read More

Industry Trends

07/11/2020

Disclosing Nigerian Crypto Scam Group “Operation N-Fiverr”

Yesterday the XREX secops team noticed an AML alert — one of our users tried to withdraw funds into wallet: 1BT5vBb9WKudUAX51jiWi3pAawobD3mZwM; our system blocked this withdrawal due to its high CipherTrace risk score. (Also published on Hacker Noon) Nigerian Crypto Scam Group launched more than 30 different scam websites. [Investigation Summary] ======= Victims: 1000+ people from worldwide,… Read More

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