Crypto on LYO: The Blend — Crypto Crimes Decline by 15%, Google Invested $1.5B Into Blockchain, Brazil’s Largest Broker Opens Crypto Trading Platform

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What happened in the crypto world in the last week? Let’s see some interesting news together! 

Crypto Crimes Decline by 15%

According to a report by Chainalysis, a blockchain intelligence firm, crypto-related crimes went down by 15% this year, as less people are falling for cryptocurrency scams. 

The total scam revenue for 2022 is 65% lower than the first half of 2021. According to the firm, “The cumulative number of individual transfers to scams so far in 2022 is the lowest it’s been in the past four years.”

Google Invested $1.5B Into Blockchain 

A report published by Blockdata revealed Google as the blockchain industry’s top investor with a total of $1.5 billion that has been invested from September 2021 until June 2022. 

Google invested in four blockchain companies such as Fireblocks, a digital asset custody platform; Dapper Labs, a Web3 gaming company; Voltage, a Bitcoin infrastructure tool; and Digital Currency Group, a venture capital firm. 

The second biggest investor is asset management company BlackRock, which invested $1.17 billion, followed by investment banking corporation Morgan Stanley, with an investment worth $1.11 billion. 

Brazil’s Largest Broker Opens Crypto Trading Platform 

XP, the largest broker in Brazil, has partnered with American stock exchange Nasdaq to launch a crypto trading platform named XTAGE

With an aim to introduce XP’s 3.6 million users to the cryptocurrency markets, XTAGE users will be able to buy, sell, and hold bitcoin and Ethereum

The platform is eyeing to add 10 more cryptocurrencies this year and hopes to have 200,000 active users by the end of 2022. 

Stay tuned for next week’s crypto news! Follow LYOPAY social media pages: Twitter | Facebook | Instagram | LinkedIn | Telegram | YouTube

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