The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your customer’ monitoring system “needs to be implemented.” RUSI: ‘NFT Technology Can Raise Alarm Bells From a Money…
Cosmos (ATOM) has the potential to record major gains in the upcoming weeks primarily because its longer-timeframe chart is showing a bullish continuation pattern. Dubbed “bull flag,” the structure appears as the asset trends lower while bouncing between two downward sloping trendlines. However, it eventually breaks out of the range, in the direction of its previous trend, with a profit…
Summary Of The Week Although bitcoin started climbing slightly over the last week of November 2021, it still hasn’t picked up the next leg of the current bull run. The recent dip saw many large HODLers accumulate more bitcoin, while several large mining firms once again confirmed their intent on HODLing the bitcoin they mine. Interestingly, this week also saw…
Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company’s emissions. Warren’s letter insists “Greenidge and other [bitcoin mining] plants raise concerns about their impacts on the global environment.” Elizabeth Warren Takes Aim at Bitcoin Mining Operations The former law professor and the…
Nearly every segment of the crypto sector underwent explosive growth in 2021. The steady inflow of institutional funds could possibly be interpreted as a signal that the best is yet to come. For new users, figuring out how to obtain cryptocurrency can be a tedious task, and the challenge of securing the assets off exchanges is another hurdle some investors…
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. A week packed with positive advancements in the DeFi space including nine-figure fund raises, successful product launches and soaring token prices was somewhat tarnished by the news of two severe security exploits. Read on to get the full scope of developments across the week. What you’re about to read is…
In brief The FTX CEO will testify along with representatives from Coinbase, Circle and other crypto companies in D.C next week. In preparation, FTX has prepared regulatory proposals for the crypto industry. FTX, one of the top cryptocurrency exchanges for derivatives and spot trading, today released a wishlist of what it’s hoping to see in U.S. crypto regulations. FTX’s Key…
sponsored Originally launched on June 15th, 2021, EverRise is a blockchain technology company that offers bridging and security solutions across multiple chains through an ecosystem of decentralized applications. With their RISE token, they were the first to bring the buyback to crypto. Since then, the buyback mechanic has become standard in space with countless forks. EverRise v2.0 EverRise is working…
Pennsylvania Senator Pat Toomey, one of the ranking members of the Senate Banking Committee, has suggested Congress step in with legislation should the Securities and Exchange Commission (SEC) be unable to provide sufficient guidance on cryptocurrencies. In a Friday announcement from the Senate Banking Committee, Toomey said he was dissatisfied with the answers SEC chair Gary Gensler had provided on…
Tax and compliance experts say the D.C. fracas over how a new broker definition will impact crypto firms has been distracting from what’s arguably a wider reaching change for any company that accepts Bitcoin and other crypto as payment. The recently signed $1.2 trillion infrastructure bill makes crypto payments of $10,000 or more reportable under IRS Form 8300. The form,…
