Elliptic, which published its report on the topic Tuesday, says cryptocurrency wallets attached to darknet merchants which sell fentanyl as well as precursors have received $27 million in payments (though over exactly what time frame is unclear), while Chainalysis pegged the number at $37.8 million since 2018. Source
Hunting Hill Global Capital, a New York-based traditional finance hedge fund with $364 million in assets under management as of a March filing, announced on Wednesday that it will starts its digital asset affiliate, Hunting Hill Digital (HHD), which is backed by an undisclosed investment from early-stage venture capital firm BaseLayer Ventures. Source
For Q1 2023, Xiaomi sold far fewer smartphones than in the first quarter of last year due to waning demand. Xiaomi Corporation recently posted its Q1 2023 earnings report, which saw its revenue plunge 18.9% amid a wane in global smartphone demand. On Wednesday, the Chinese consumer electronics designer and manufacturer reported first-quarter sales of 59.5 billion yuan ($8.61 billion). Xiaomi’s Q1 2023 sales figure was roughly in line with the 59.43 billion yuan analysts expected for the period. However, this figure paled compared to the 73.35-billion-yuan worth of sales…
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The tech startup sector has recently faced challenges due to rising interest rates, which have put pressure on valuations, especially for late-stage companies. Europe’s startup ecosystem has matured significantly, and despite challenges faced by the tech industry, the region is witnessing a rise in startup mafias. According to new reports from the venture capital firm Accel, Europe, and Israel produced an average of five tech companies for every venture-backed company worth $1 billion or more. Based on the details, 221 of the region’s 353 Venture Capital-backed unicorns have fueled 1,171…
The nascent nature of the Web3 landscape, along with the complexity of technical skills involved in crypto and blockchain-related jobs, makes it hard for a majority of companies to find the right talent. On the other hand, Web3 professionals also have difficulty looking for new opportunities on mainstream job platforms designed mainly for Web2 careers. Even when there’s an ideal match for a company and talent, the remote-focused work expectations of the post-pandemic era create a bottleneck for the traditional recruiter-candidate onboarding process. The latest participant of Cointelegraph Accelerator, the…
When most people think of surveillance, they probably think of cameras on street corners, government agencies collecting emails, or smartphones and smart home devices listening to conversations. But there is another form of government and corporate surveillance that gets less attention but is just as prevalent: financial surveillance. On Episode 12 of The Agenda podcast, Jonathan DeYoung is joined by Marta Belcher, a cryptocurrency and civil liberties attorney who serves as president and chair of the Filecoin Foundation and general counsel and head of policy at Protocol Labs, which helps…
The project, Green Proofs of Bitcoin (GP4BTC), will act as a “certification layer, that can be referenced by lots of different organizations based on what the miner wants to share,” Amy Westervelt, Senior Delivery Lead and head of the GP4BTC initiative at Energy Web, told CoinDesk. Original
Lawyers for the privacy protocol developer have disputed the evidence purporting to prove links to criminal money. Source
Officials in the United States are making efforts to keep tabs on the development of artificial intelligence (AI), as new plans surface to examine workers’ experience with AI surveillance. According to a Reuters report, officials at the White House said on May 23 that they would be asking workers how their employers use AI for monitoring purposes. This comes as federal investments are being allocated toward the development of the technology. Regulators in the U.S. are planning to hold a listening session to hear out such experiences with AI for…