How will DOJ’s new crypto enforcement team change the game for industry players, good and bad?

On Oct. 6, the United States Department of Justice, or DOJ, announced the creation of a specialized unit, the National Cryptocurrency Enforcement Team, or NCET, tasked with prosecuting criminal misuses of digital assets and crypto infrastructure, as well as tracing and recovering the ill-gotten cryptocurrency. The move continues the U.S. authorities’ push to disrupt the corners of the crypto ecosystem that are thought to facilitate illicit activity, such as ransomware attacks. What does the government’s crypto enforcement ramp-up hold for the larger digital asset space? Pooling crypto expertise The new unit…

ARK, 21Shares Team Up for Bitcoin Futures ETF Application to SEC

Cathie Wood’s ARK Investment Management and investment-product firm 21Shares are part of a new application to the U.S Securities and Exchange Commission (SEC) to list a bitcoin futures exchange-traded fund (ETF). The Wednesday filing was submitted by Alpha Architect ETF Trust, with 21Shares listed as the fund’s sub-adviser. ARK Investment will provide marketing support, but not make investment decisions or provide investment advice, the filing said. If the application is successful, the ARK 21Shares Bitcoin Futures Strategy ETF will list on the Cboe BZX Exchange under the ticker symbol “ARKA.”…

Huobi Ventures and Republic Team Up on Cross-Border Crypto Accelerator — CoinDesk

“Liquidity support from the centralized exchange has always been seen as a critical milestone for crypto startups,” said Unica Yin, Investment Director of Huobi Ventures, in a statement. “Through the collaboration with Republic from an accelerator perspective, we envision that this would provide the comprehensive support to the project throughout the entirety of its life cycle, thus elevating product value in applicable scenarios rather than merely to look for quick returns in investment.” Source

Stripe builds new crypto team for payments three years after dropping Bitcoin

U.S. fintech giant Stripe is hiring a new blockchain team to enable crypto payments for its users. The $100 billion company is returning to the crypto sector three years after it pulled back from offering Bitcoin support due its slow transaction times and rising fees. According to a job listing page on Stripe’s website, the firm is looking for four “Staff Engineers" with experience in the crypto sector. Guillaume Poncin, the head of engineering stated on Twitter earlier today that he’s looking for engineers and designers to “build the future…

Stripe Is Hiring a Crypto Team 3 Years After Ending Bitcoin Support — CoinDesk

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Day trading your favorite sports team – Cointelegraph Magazine

With the pandemic separating fans from their stadiums and sports clubs from their revenues, fan tokens are now big players in the game, helping teams generate revenue and bringing fans together again. Though stadium seats in some countries have been filled with paper cut-outs of fans to present a well-intentioned yet creepy facade of normality during the pandemic, the distance between the teams and their followers has grown farther apart. One solution is found in sports fan tokens. Through fan tokens, many fans are able to feel a more direct…

US Launches National Cryptocurrency Enforcement Team to Prosecute 'Criminal Misuses of Cryptocurrency' – Regulation Bitcoin News

The U.S. has launched the National Cryptocurrency Enforcement Team, an initiative of the Department of Justice (DOJ), to tackle and prosecute “criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering.” U.S. Deputy Attorney General Lisa Monaco said, “The point is to protect consumers.” DOJ’s New Crypto Enforcement Initiative U.S. Deputy Attorney General Lisa Monaco announced the creation of a National Cryptocurrency Enforcement Team (NCET) during a virtual speech at the Aspen Cyber Summit Wednesday. The aim of the initiative is “to…

US Justice Dept announces launch of national crypto enforcement team

An official from the Office of the Attorney General has said the United States government is going to take a more active role in enforcement action against actors using cryptocurrencies for money laundering and other cybercrimes. Speaking at the Aspen Institute Cyber Summit on Wednesday, Deputy Attorney General Lisa Monaco said the Justice Department had launched the National Cryptocurrency Enforcement Team, an initiative aimed at going after platforms “that help criminals launder or hide their criminal proceeds.” Monaco cited her office’s work against Darknet-based Bitcoin (BTC) mixing service Helix in…

DOJ to Launch National Crypto Enforcement Team: Report

The Department of Justice (DOJ) is launching a new crypto crime-fighting team, the National Cryptocurrency Enforcement Team, according to a report from Reuters. In a speech at the Aspen Cyber Summit on Wednesday, U.S. Deputy Attorney General Lisa Monaco announced the formation of the new team, which will be composed of anti-money laundering professionals and cybersecurity experts. The team will focus on helping the DOJ better protect consumers from online financial crime, according to the Reuters article. “Cryptocurrency exchanges want to be the banks of the future, well we need…