Breaking crypto news from the last week (31 July – 06 August 2021): 31 July: US officials hire a cryptocurrency firm to hold Bitcoin it’s seizing. Following a rise in crypto-related crimes, federal law enforcement is seizing a lot of crypto assets. Now the US government has hired a cryptocurrency firm to hold all its…

Twitter CEO Jack Dorsey has announced plans to integrate Bitcoin into Twitter’s existing products and services. In terms of mass societal acceptance, this could become a decisive breakthrough for the first cryptocurrency. Twitter CEO Jack Dorsey says his company plans to implement BTC support in several of its products and services, including subscriptions and e-commerce….

While Polkadot and Ethereum are entering the final stretch of the race for blockchain supremacy, comparing them is almost inevitable. They use a comparable architecture on the technical level and proof-of-stake consensus to achieve scalability. Vitalik Buterin and Dr. Gavin Wood also have a shared history in Ethereum. This year is set to be a…

Gillian Tett writes in the FT column on how the Boston Fed and MIT are building an entirely new CBDC platform to displace existing cryptocurrencies. Later this month, the Federal Reserve holds its Jackson Hole meeting to discuss another big experiment: how soon can the Fed create an effective central bank digital currency (CBDC)? The…

Each cryptocurrency has its own technological properties, appeal to buyers, and unique backstories. They are typically ranked by market capitalization because the value of a cryptocurrency reflects investor appetite. But behind the tokens, blockchains, and prices, there are more complex stories about each cryptocurrency. Nasdaq Inc. selected the top ten of the largest and most…

The AML / CFT requirements for crypto business are becoming more and more stringent. And as ShapeShift’s recent refusal to cooperate with regulators and transition to DEX status demonstrates, not everyone is ready to accept this. But what comes next? Cryptocurrencies started out as a true ode to decentralization. Think back to what all the…

The US Securities and Exchange Commission (SEC) charged Cayman Islands-registered DeFi Money Market (DMM) and its two top executives for unregistered sales of more than $30 million of securities using smart contracts and decentralized finance. This is the SEC’s first securities case involving DeFi technology. Florida residents Gregory Keough and Derek Acree, along with Cayman…

As the initial five Kusama parachain auction winners have been chosen between June 15th and July 20th, Moonriver, a community-driven sister network to the Moonbeam Foundation, became among them. Kusama is the sister network of Polkadot, serving as a testbed where much of the innovation is unfolding. Similarly, Moonbeam has its own sister that serves…

Non-fungible token (NFT) activity is far from dead and seems to be picking up speed – with rich investors spending millions on artworks, NFTs are selling for millions for a piece, and the trading volumes are growing up again. Jeff Dorman, Chief Investment Officer of US-based investment management firm Arca, said on Twitter: “The rise…

The AML / CFT requirements for crypto business are becoming more and more stringent. And as ShapeShift’s recent refusal to cooperate with regulators and transition to DEX status demonstrates, not everyone is ready to accept this. But what comes next? While BTC is growing and trading at around the $ 40,000 mark, the crypto industry…