A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the move are concerns that companies dealing with digital assets can be engaged in the processing of illicit funds. Germany Leads Push to Place Crypto Firms Under EU Anti-Money Laundering Supervision Several EU member states, led…
In brief Fast Break Labs is the startup behind the Virtual Basketball Association. It’s attracted capital from NBA owners, early-stage venture firms, and Solana Ventures. A Web3 startup aiming to put fantasy basketball on the blockchain—that is, let players trade NFT collectibles of digitally created players—today announced a $6 million seed round led by early-stage venture firms Pantera Capital and…
On Wednesday, decentralized finance (DeFi) detective Zachxbt published a long thread on Twitter about TreasureDAO’s front-end engineer Just Cheese, or JC, and his alleged past involvement in several nonfungible token (NFT) projects. According to its white paper, TreasureDAO is a “decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects.” Listed projects use the ecosystem’s native token, MAGIC,…
In brief Wrapped Bitcoin helps BTC holders get involved in the DeFi scene on Ethereum. The amount of WBTC on the Ethereum network has plateaued since December. This corresponds roughly with the crypto market downturn. Despite Wrapped Bitcoin‘s surging popularity in 2021, its supply growth has stagnated since December of last year, according to a report from crypto financial intelligence…
The Freedom Convoy bitcoin fundraiser received a lot of positive attention, gathering almost 1 million CAD in bitcoin donations. After all, what better tool could there be to circumvent the censorship of payments while protesting a government than a censorship-resistant currency free of state control? But the tactics used to distribute funds may tell a different story. When a Canadian…
The European Commission, in coordination with other authorities, reportedly plans to have its financial watchdog group potentially oversee illicit transactions at crypto firms. According to a Tuesday Bloomberg report, a group of European Union member nations led by Germany and including The Netherlands, Spain, Austria, Italy and Luxembourg plan to include crypto firms under the purview of the Anti-Money Laundering-focused…
There has been a lot of focus on the performance of the stock and cryptocurrency markets over the past year or two as the trillions of dollars that have been printed into existence since the start of the COVID pandemic have driven new all-time highs, but analysts are now increasingly sounding the alarm over warning signs coming from the debt…
With over $46 trillion in assets under custody, Bank of New York (BNY) Mellon is the largest holder of securities, commodities and cash in the world. And as BNY Mellon has begun to offer those same custody services to crypto clients, it needs to track those assets. That’s where Chainalysis comes in. The firm, which traces blockchain transactions, announced today…
Corporate employees of superfood chain everbowl now have the option to receive a portion of their salaries in bitcoin, the company said in a press release Wednesday. “We are proud to be at the forefront of exploring how Bitcoin can be used as an alternative savings vehicle for our corporate employees,” everbowl founder and CEO, Jeff Fenster, said in the…
On Tuesday, journalist Laura Shin published a story that claims to identify the 2016 Genesis DAO hacker who siphoned 3.6 million ethereum from the decentralized autonomous organization. While the story surprised the crypto community, one of the biggest eye-openers was the blockchain analysis methods leveraged, and the claim that Chainalysis allegedly “de-mixed” Wasabi transactions. Community Shocked by Chainalysis ‘De-Mixing’ Wasabi…
