Crypto frauds drops by 65% as newbies leave market: Chainalysis
According to a new crypto crime study, fewer people have been scammed by bitcoin so far in 2022 as a result of dropping asset values and novice cryptocurrency users leaving the industry. The total revenue generated by crypto scams year to date is currently estimated to be $1.6 billion, according to a Chainalysis report published […]
Restriction on Tornado Cash disastrous for other privacy protocols
In particular, Web3 technologies that provide privacy on the blockchain may be impacted by the U.S. ban on Tornado Cash. There are growing worries that the recent sanctions imposed by the US government against Tornado Cash could create a “slippery slope” for Web3 privacy and ultimately render the medium “meaningless.” The co-founder of the privacy […]
Sanctions against Tornado Cash may be contested by Coin Center
According to Jerry Brito and Peter Van Valkenburgh of Coin Center, OFAC abuses its statutory jurisdiction by treating autonomous code like a person. The US-based crypto policy advocacy group Coin Center said it intended to “pursue administrative remedies” for anybody affected by the restrictions placed on Tornado Cash by the Office of Foreign Asset Control, […]
Trading in BTC and ETH begins at giant Brazilian brokerage firm
Following MercadoLibre and Nubank, XP Inc. is the most recent member of the Brazilian fintech industry to provide services for trading cryptocurrencies. A potential 3.6 million customers will now have access to the cryptocurrency markets thanks to Brazilian brokerage firm XP Inc.’s formal launch of its crypto trading platform “XTAGE” there. The Nasdaq Exchange Twitter […]
ASX moves toward trading in tokenized assets
Following a successful proof-of-concept experiment sponsored by the digital asset investment platform Zerocap, companies listed on the Australian Securities Exchange (ASX) may soon be able to trade tokenized assets, equities, funds, or carbon credits. “There’s a strong value proposition here that we can essentially tokenize any asset and bridge that into the ASX ecosystem,” said […]