Month: May 2023

Global Law Enforcement Agencies Dismantle Darknet Marketplace Monopoly Market, Arrest 288 and Seize $53.4 Million – Bitcoin News

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On May 2, 2023, Europol announced a collaborative effort between law enforcement agencies from the U.S., Europe, the U.K., and Brazil culminated in 288 arrests, along with the confiscation of 850 kg of illegal drugs, 117 firearms, and $53.4 million in cash and cryptocurrencies. This joint venture, named “Operation Spector,” successfully dismantled the darknet marketplace (DNM) Monopoly Market and confiscated its infrastructure back in December 2021. Monopoly Market Taken Down via a Consortium of Global Law Enforcement Officials The U.S. Justice Department and Europol reveal that officials from around the…

Will compromise on anonymous crypto appease US regulators, spur adoption?

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Cryptocurrencies were designed to be anonymous or pseudonymous, so there is an inherent tension when protocols come up against jurisdictional authorities.  In the United States, the blockchain and cryptocurrency sector has jousted with regulators over the need to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) rules, and even over adherence to economic sanctions regimes.  Most recently, a top U.S. Commodity Futures Trading Commission (CFTC) official suggested in a speech that it behooves the industry to verify the digital identity of its users. The CFTC has historically been…

Josie Bellini, NFT Creator – Cointelegraph Magazine

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Who is Josie Bellini?  Crypto artist Josie Bellini is most famously identified by her iconic Bitcoin gas mask from Filter. She has become one of the most prominent NFT artists, being featured at Christie’s and on just about every NFT marketplace platform available, including SuperRare, ASync Art and Nifty Gateway.  Born and raised in Chicago, Bellini always had a passion for art. But growing up in poverty, she wanted to live a life of plenty, leading her to major in finance at college and take a job at a TradFi…

Hollywood studios reject banning AI from writer’s rooms

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Artificial intelligence (AI) brings yet another industry into a hot debate over its usage as Hollywood and the greater media industry faces petitions from the Writers Guild of America (WGA). WGA recently sent out a list of demands which included the regulation of AI usage on the minimum basic agreement (MBA) covered projects. It stated that AI should not be used to write or rewrite literary material nor be used as source material. Additionally, it demanded that MBA-covered material can’t be used in training AI. In its initial statement back…

Flare integrates blockchain API on Google Cloud Marketplace

Layer-1 Ethereum Virtual Machine (EVM) blockchain platform Flare has integrated its API portal on Google Cloud Marketplace, on-boarding a number of significant blockchain APIs to the ecosystem. The integration of Google Cloud Marketplace will provide high-integrity blockchain data from Flares nodes and Connected Chain Nodes to a large pool of developers and users of the software products and services platform. This includes blockchain APIs for Algorand, BNB Smart Chain, Bitcoin, Dogecoin, Ethereum, Flare, Litecoin, Songbird, XRP and future supported blockchain APIs. Blockchain APIs are touted to free developers from having…

New Crypto VC Firm Credibly Neutral Raises $5.5M

Investors in the round included Anthony Sassano (author of Ethereum-focused Substack Daily Gwei), Patricio Worthalter (founder of “proof of attendance” protocol POAP), Surojit Chatterjee (former chief product officer of crypto exchange Coinbase), Joe Lallouz and Aaron Henshaw (founders of blockchain infrastructure provider Bison Trails), Solana co-founders Anatoly Yakovenko and Raj Gokal, Mara Schmiedt (CEO of staking solution Alluvial), Polygon co-founder Sandeep Nailwal, and Joe Lubin’s Ethereal Ventures, among others. Source 5.5MBitcoinCrediblyCryptocryptoexchangeExchangesFirmNeutralRaises CryptoX Portal

New Cosmos chain will use liquid staking tokens from other networks for security

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A new Cosmos-based blockchain called “Tenet” will use liquid staking coins from other networks to secure its transactions, potentially allowing the new network to inherit the security of older ones, according to a May 3 announcement from the developers.  The network is currently available as a testnet and will launch a mainnet version as soon as testing is complete. This comes after liquid staking has recently become the largest decentralized finance (DeFi) protocol category. Liquid staking protocols such as Lido, Rocket Pool and Ankr allow users to stake their coins…

SUI mainnet goes live as token sees immediate action on Binance, OKX, others

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Major cryptocurrency exchanges around the world are launching trading of the Sui (SUI) token amid the Sui Network’s mainnet launch on May 3. According to an official announcement by the Sui Foundation, the Sui mainnet went live at 12:00 pm UTC. Many global crypto trading platforms supported the Sui mainnet launch, enabling investors to buy and sell the new SUI token. Crypto exchange Binance plans to debut SUI trading immediately after mainnet launch. The platform will allow users to trade between SUI and cryptocurrencies like Bitcoin (BTC), Tether (USDT) and BNB…