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EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils
24.2.2022
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...
EU members reportedly plan for AML watchdog to oversee crypto firms by 2024
23.2.2022
"It is key that the scope of the new EU authority explicitly includes crypto-assets," said Luis Garicano, a member of the European Parliament
Security firms are making it more difficult for scammers to get away with DeFi project hacks
23.2.2022
While projects cannot wholly prevent bad actors from infiltrating the DeFi realm, security specialists say there are ways to deter such practices
Germany-Led Group Wants a New EU Watchdog to Regulate Crypto Firms
23.2.2022
The European Union is planning to dote its planned anti-money laundering and terrorist financing watchdog with powers related to oversight over cryptoasset businesses, according to "people familiar with the matter." The designed authority is to be launched in 2024 and become fully operational...
UK Law Firm Gunnercooke Says It Now Accepts Crypto Payments
22.2.2022
U.K. law firm, Gunnercooke, claims to be one of the first major law firms in the country to accept crypto payments. Crypto Asset Payments A United Kingdom-based commercial law firm, Gunnercooke, has become the latest practice to accept cryptocurrency as payment for services, a report has said....
Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’
17.2.2022
On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an “industry-driven solution” developed to comply with...
US-based crypto firms join forces for travel rule compliance
16.2.2022
“We are focused on adding new members, so that TRUST can provide comprehensive compliance across the crypto industry,” said the joint announcement
SEC Scrutinizing Crypto Exchange Binance US — Chair Gensler Stresses ‘Basic Investor Protection’
16.2.2022
The U.S. Securities and Exchange Commission (SEC) is reportedly scrutinizing the U.S. arm of cryptocurrency exchange Binance over trading firms with links to Binance CEO Changpeng Zhao. SEC Chairman Gary Gensler emphasizes the need for “basic investor protection” in the crypto space....
Animoca Brands and Venture Accelerator Brinc Launch $30 Million Play-to-Earn Guild Fund
15.2.2022
The blockchain firm Animoca Brands announced the company has partnered with the venture accelerator Brinc in order to launch a play-to-earn (P2E) Guild Accelerator Program. Both firms plan to dedicate $30 million over the next two years toward early-stage startups focused on expanding the global...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Prices Volatile Following Super Bowl
14.2.2022
Cryptocurrencies were initially in the red to start the week, despite several crypto firms securing lucrative Super Bowl ad slots. Over 100 million viewers watched the “crypto bowl” advertisements, however bitcoin prices started lower on Monday. Bitcoin BTC/USD is lower for a fifth...
Farmville Creator Zynga to Launch NFT Games, Says Gaming Firm’s Blockchain Lead
11.2.2022
American social game developer Zynga has plans to launch non-fungible token (NFT) games in the near future. Zynga’s vice president of blockchain, ​​Matt Wolf, told the press that the company is looking at the cycle right now and “figuring out where we want to jump...
Binance Partners With Korean Entertainment Corporation — NFT and Metaverse Collaborations Envisioned
10.2.2022
Binance and the South Korean entertainment corporation, YG Entertainment, have signed an agreement that enables the two firms to collaborate on blockchain projects that include non-fungible tokens (NFTs). They also plan to develop games that are compatible with the Binance Smart Chain (BSC). NFTs...
Global Crypto and Blockchain Investments Soared in 2021, Rising 5.5X to $30 Billion
10.2.2022
A new report by one of the Big Four accounting firms, KPMG, reveals that investment in the crypto and blockchain space grew 5.5 times the previous year to more than a record $30 billion in 2021. KPMG called 2021 a “Blockbuster year for crypto and blockchain.” ‘Blockbuster Year...
Crypto Lobbying in the US Jumped 116% in 12 Months With $9.56 Million Spent in 2021
8.2.2022
Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged...
Polygon Raises $450 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary
7.2.2022
The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms. Polygon says that the money will allow the team to help scale Ethereum and bolster the mass adoption of Web3...
17 Crypto Firms Form a Market Integrity Coalition Aimed at Bolstering a Sensibly-Regulated Industry
7.2.2022
On February 7, 2022, a group of 17 digital asset companies revealed they formed an organization called the Crypto Market Integrity Coalition (CMIC). The well-known firms include crypto companies like Coinbase, Circle Internet Financial, Huobi Tech, Bitmex, Cryptocompare, and Solidus Labs. The newly...
Major crypto firms and groups form coalition aimed at promoting 'market integrity'
7.2.2022
“Harmonizing a broad global approach to digital assets and competition in the digital currency space race, can improve U.S. competitiveness, security and lower fundamental costs for basic financial access,” said Dante Disparte of Circle
Nasdaq will list Valkyrie’s ETF linked to Bitcoin mining firms on Feb. 8
7.2.2022
At least 80% of the investment's net assets are through securities that “derive at least 50% of their revenue or profits” from Bitcoin mining
Report: Chainalysis Detects ‘Significant’ Wash Trading Using NFTs
7.2.2022
Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash trading activity involving NFTs. In these operations, some actors effectively sell their assets to themselves, with the intention of increasing the floor price...
Rolling Stone Partners With Coinbase, First Collaboration Is a Limited Edition NFT Collection
6.2.2022
Following a two-year hiatus, the American magazine that’s dedicated to music, politics, and popular culture, Rolling Stone, announced the return of Rolling Stone Live. According to the publication, the Rolling Stone Live event marks the company’s first collaboration with Coinbase...