ILLICIT use of cryptocurrencies hit a record US$20.1 billion last year as transactions involving companies targeted by US sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday (Jan 12).
CRYPTOCURRENCY broker Genesis owes creditors more than US$3 billion, prompting its owner Digital Currency Group (DCG) to explore selling assets in its venture portfolio to raise money, the Financial Times reported on Thursday (Jan 12).
