The U.S. Department of Justice (DOJ) appointed a seasoned computer crimes prosecutor as the first director of its National Cryptocurrency Enforcement Team (NCET) and announced that the FBI is launching a new unit dedicated to providing analysis and training in cryptocurrency matters across the bureau. Deputy Attorney General Lisa Monaco said in a virtual address to the Munich Cyber Security…
Silicon Valley venture capital firm Sequoia Capital has launched a new fund to invest exclusively in cryptocurrency—with up to $600 million to play with. Sequoia Capital announced Thursday that the fund, Sequoia Crypto Fund, would be used on liquid tokens and digital assets. The firm has set aside between $500-$600 million, according to a statement on its website. Sequoia Capital,…
Gary Gensler, chair of the U.S. Securities and Exchange Commission, has responded to a letter from lawmakers calling the regulator denying approval of Bitcoin spot exchange-traded funds “unacceptable.” In a Tuesday letter from Gensler addressed to Minnesota Representative Tom Emmer, the SEC chair hinted that the regulatory body was no closer to approving a Bitcoin (BTC) spot ETF in the…
Watch This Episode On YouTube Listen To This Episode: In this episode of Bitcoin Magazine’s “Fed Watch,” CK and I caught up on the Freedom Convoy donation situation, dissected Jon Stewart’s wake up call with former Fed President James Hoenig, the Fed signaling around CPI and the emergency FOMC meeting and, lastly, the scandal that is brewing around Sarah Bloom…
U.S. Deputy Attorney General Lisa Monaco has announced that the Federal Bureau of Investigation will be increasing efforts to address enforcement in the digital asset space with the formation of a new team. Speaking at the Munich Cyber Security Conference on Thursday, Monaco said the FBI was creating a “specialized team dedicated to cryptocurrency” called the Virtual Asset Exploitation Unit.…
In brief The United States FBI has established a Virtual Asset Exploitation Unit to focus on cryptocurrency-related cases. Also, the National Cryptocurrency Enforcement Team has named its first director, Eun Young Choi. The United States Federal Bureau of Investigation (FBI) has launched a Virtual Asset Exploitation Unit focused on cryptocurrency-related crimes, the Department of Justice announced today. The news was…
Blockchain data indexing protocol The Graph has launched a $205 million ecosystem fund to lure new developers to its platform, offering further evidence that venture capital firms were still keen to support growth funds centered around decentralized applications. The ecosystem fund was financed by Digital Currency Group, Multicoin Capital, Reciprocal Ventures, Gumi Cryptos Capital, NCG and HashKey. The fund’s stated…
In brief NBA Top Shot will auction off 30 NFTs, each of which earns holders access to the next five NBA All-Star Games plus related benefits. Dapper and the NBA will also give away one additional NFT with the same perks. Dapper Labs’ NBA Top Shot platform will launch its first auctions this month—and the 30 NFT collectibles will come…
Canada’s national police have sent letters to cryptocurrency exchanges asking them to freeze at least 34 crypto addresses allegedly connected to the Freedom Convoy protests under the Emergencies Act recently invoked by Prime Minister Justin Trudeau. Banks have also received letters about “designated persons” tied to the protests as the police vow to take back Ottawa. Canadian Police Order Exchanges…
American venture capital firm Sequoia Capital has launched a new cryptocurrency fund as part of its ongoing efforts to bootstrap the next generation of promising crypto-focused startups. Bloomberg reported Thursday that Sequoia is allocating up to $600 million towards the new sector-specific fund. Shaun Maguire, a partner at Sequoia, described crypto as a “megatrend over the next 20 years” and…
