UK Finance Watchdog Recruiting Crypto Experts To Circumvent Money Laundering and Terrorism: Report

A financial regulator in the United Kingdom is looking for crypto experts to assist in identifying illegal activities. The Financial Conduct Authority (FCA) recently published a tender notice seeking consultants to access a blockchain analytics platform to help counter money laundering and terrorism. “Under these regulations in scope crypto-asset firms are required to establish and […]

Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off Panic

Cardano (ADA) has been experiencing struggling prices since it hit its all-time high above $3 back at the start of September. Since then, it has been on a downward trend and had fallen below $2 for the first time as October drew to a close. Despite some important announcements and strides on the part of […]

Brazil’s Central Bank Plans to Launch a CBDC Pilot in 2022: Report

The Central Bank of Brazil (BCB) plans to launch a pilot of a digital currency (CBDC) by 2022, BCB President Roberto Campos Neto said on Friday, local media outlet Estadao reported. In September, the BCB told the Brazilian Senate that it planned to launch the final version of a digital real in 2024, according to […]

UK and US join forces to combat the illicit use of crypto

TL;DR Breakdown • The US seeks to curb cybercrime with cryptocurrencies.• The authority in the UK agrees to talk about ransomware and how to end it. The UK and US authorities recently pledged to create laws to reinforce the illicit use of crypto. These reforms are motivated by the increase in cyber-attacks and crypto scams […]

Avalanche ($AVAX) Retains Momentum, Soars 10% in 24 Hours

Ethereum closest rival Avalanche ($AVAX) is showing no signs of slowing down any time soon as it continues soaring in value. This follows after the asset claimed a spot in the top 10 biggest cryptocurrencies by market value over the weekend. Avalanche ($AVAX) Can’t Stop Rising According to data from Coinmarketcap, the native cryptocurrency of […]

Israel and Laos Are Upping Their Crypto Regulatory Tactics

Many countries – including Israel and Laos – are ramping up their crypto regulatory processes as a means of protecting investors and keeping malicious actors out of the equation. Israel and Laos Are Pushing for Safer Crypto Environments Israel, for example, has initiated strict anti-money laundering laws that could see much more disciplined reporting and […]

Sotheby’s Metaverse announces latest and largest NFT charity auction

Sotheby’s, the world’s oldest art and luxury auction house, announced its collaboration with the public health care advocate and nonprofit organization Sostento to auction off its latest NFT collection via the Sotheby’s Metaverse. The auction titled Gifted: The 140 Collection is considered to be Sotheby’s “biggest NFT charity auction ever,” with all of its proceeds […]

Ethereum Rival Avalanche Continues Rapid Ascent, Soars 10% in 24 Hours

Ethereum competitor Avalanche has continued to soar in value after nabbing a spot at the weekend in the top 10 biggest cryptocurrencies by market value. The native cryptocurrency of the high-speed, low-cost blockchain, AVAX, today spiked by 10%, according to CoinGecko data. Earlier today, the crypto asset hit a daily high of $142.34. It has […]