CiperTrace, the blockchain intelligence firm that previously gave the feds so-called “Monero-tracing tools," filed their second Monero-tracing patent application. The company says their tools help law enforcement identify Monero transactions associated with criminal activity.
More on Darknetlive• 2020-11-25
Two money launderers were sentenced to prison for laundering more than 16 million euros worth of Bitcoin. One received a two year sentence and the other received a two and a half year sentence. According to an announcement from the Netherlands Public Prosecution Service, a husband and wife from Hilversum anonymously purchased millions of euros worth of Bitcoin in exchange for cash. They hid their trades from tax authorities in the Netherlands.
More on Darknetlive• 2020-10-28
DBS, Singapore's biggest bank, is launching a fiat-to-cryptocurrency exchange, The Block has learned. Dubbed "DBS Digital Exchange," the trading platform would allow users to trade in four crypto assets — bitcoin (BTC), bitcoin cash (BCH), ether (ETH), and XRP — against Singapore dollar (SGD), Hong Kong dollar (HKD), Japanese yen (JPY) and U.S. dollar (USD).
More on The Block• 2020-10-27
According to reports on Oct 26. 2020, nearly $24 million in value has been siphoned from the liquidity pools of Harvest Finance, a major decentralized finance (DeFi) protocol. Harvest Finance subsequently confirmed the hack, stating that the protocol is “working actively on the issue of mitigating the economic attack on the Stablecoin and BTC pools.” According to the initial tweet, the attacker swapped the stolen crypto for renBTC (rBTC) and used Tornado Cash to mix with other funds.
More on BeInCrypto• 2020-10-26
The Swiss National Bank (SNB) and the Bank for International Settlements (BIS) plan to test a central bank digital currency (CBDC) by the end of this year. BIS official Benoit Coeure revealed the plan on Sunday at the Bund Summit held in Shanghai, as reported by the Chinese news outlet The Paper. Coeure said the Swiss central bank and the BIS would issue a CBDC "in the proof-of-concept stage" by the end of 2020.
More on The Block• 2020-10-26
Mainstream adoption of cryptocurrencies has traditionally been hindered by their limited utility as an instrument of exchange due to volatility, cost and speed to transact. However, the promise of advanced technological platforms offers the possibility of mainstreaming digital currencies. According to a survey by the Bank for International Settlements, one in 10 central banks – representing approximately one-fifth of the world's population – expect to issue their own digital currencies within the next three years.
More on PayPal Press• 2020-10-21
Halving is an anti-inflation mechanism implemented, in the Bitcoin network. As the name suggests a reduction in the supply of new coins is cut by half (50%). This causes BTC inflation to fall cyclically. It takes place whenever 210,000 blocks have been mined which is roughly around once every 4 years. Current mining rewards are 6.25 bitcoins.