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"[It] surely it makes no sense to block it," said Banteg, pointing out that a burn wallet was among the 253 blocked addresses. Other wallets, noted Banteg, were only connected to a bad wallet and may not have directly engaged in nefarious activities. Original Source
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The main reason for the acceleration of attacks on DeFi projects is the sector’s growth, Nick Smart, Crystal’s director of blockchain intelligence and data, told CryptoX. While projects are rushing to market with insufficient testing, centralized exchanges are improving their security, he said, bowing to user demand and heightened attention
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In an era of misinformation, blockchain tech can renew our faith in evidential truth, eg in Ukraine, says Jonathan Dotan, ahead of his appearance at Consensus. Source
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Governments around the globe have also become more aware of the crypto market and the various ways in which it can be regulated. Despite a growing adoption rate and involvement of mainstream financial giants, however, naysayers continue to portray crypto as a tool for miscreants and criminals. Several crypto platforms and
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Fiat, a government-issued currency, is still the best choice of financial criminals. Concerns have always centered on the possibility of crypto assets being used for nefarious reasons, however the US Treasury department just released something that dispels these anxieties. Despite widespread fears that cryptocurrency could be used for criminal purposes, a newly
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Brazilian lawmakers are working to provide stricter regulations for cryptocurrency-related crimes, approving a set of new penalties for laundering money with crypto.Brazil’s Special Committee of the Chamber of Deputies has approved a bill that significantly tightens penalties for financial crimes that employ cryptocurrencies like Bitcoin (BTC), according to an official
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While the value of cryptocurrencies has varied wildly in the last year, this has not diminished crypto’s attractiveness to criminals. Many of them are moving their illegal activities underground and outside the view of law enforcement. Because of the public nature of most blockchains, however, this rapid movement shouldn’t be
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The United Kingdom's Financial Conduct Authority has included cryptoasset businesses under the financial crimes reporting umbrella eight months after initially announcing plans to do so.The FCA made this known via a policy statement issued on its website on Wednesday. This move comes as the country’s financial regulator has increased the
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Attorneys for Ethereum developer Virgil Griffith filed documents over the past week arguing that they still don’t know what exactly he is being accused of.Griffith, who was accused last year of violating U.S. sanctions law by traveling to North Korea and teaching locals how to transfer funds using cryptocurrency, has
Read MoreThe modern world has become too small for comfort. The truth is that technological advancement is a double-edged sword, which has the potential to enhance human lives drastically at many levels and disrupt them in the blink of an eye, shaping things on a global level to an extent yet
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