In June 2019, the Financial Action Task Force (FATF) amended the anti-money laundering (AML) and counter-terrorist financing (CTF) recommendation to include virtual assets. Recommendation 16, widely known as the Travel Rule was established to provide guidelines for combating financial crime. Initially, the Travel Rule only applied to banks. However, the recent amendment has widened its…

Disclaimer: This is a sponsored post and does not represent any investment or financial advice. Make sure to do your own research. Japan’s status as a crypto and blockchain hub is well-known thanks to its forward-thinking financial strategy. These policies are likely to modify in the short-term future, as the country’s current Prime Minister, Shinzo Abe,…

Strong possibility of China testing the Digital Renminbi beyond its borders in Hong Kong and Macau, according to Andy Mukherjee a Bloomberg opinion columnist. The Chinese government's plans to test the digital CBDC is an active effort to provide a system that will bypass the U.S. Sanctions for officials. These rumors were already denied through the…

Soon after the first iteration of YAM.Finance broke down to a grinding halt because of too much YAM production earlier today, everybody thought that it was over. Little did we know that the developer, Brock Elmore was not really ready to call it quits, as he announced YAM 2.0 together with an update about the current…

Ethereum gas fees have been on the rise, from a standard 24-36gwei last year, to 300+ gwei right now. The reason behind this massive growth is rooted in the overwhelming interest in yield-farming and entering complex financial positions. Most of the smart contracts that run swaps are relatively cheap, usually using a 150,000 gas limit.…

Crypto Twitter is buzzing with activity and banter between BTC and ETH maximalists, with members on both sides of the spectrum poking and prodding at each other in an effort to claim "victory" as to be seen as the cause of this bull run. https://twitter.com/bennd77/status/1291953192624955392 Fueled by the lack of great defense on the ETH side, especially…

Following the 4 year anniversary of the 120k BTC theft, Bitfinex has published a reward of up to $400 million USD for the recovery of the lost assets. The value of these assets today would be $1.34 billion USD, with the reward representing 30% of the total amount. Interestingly, this offer is also extended to the hackers…

Early this morning, crypto markets almost universally experienced a price drop at around 5 am UTC. Yesterday's crypto market rally was broken after the flash sale and markets have somewhat recovered and are now relatively stabilized. Crypto Twitter is still catching on, with only a few users experiencing confusion about the situation. How can the entire crypto…

Corporate blockchains don't get a lot of love by the crypto community, and rightly so, we rarely have a stake in these systems, nor we are incentivized in any way to care about them. They are important regardless, even if it's not for obvious reasons. Applying open-source blockchain networks is not feasible for businesses, as that…

Information leaked to Bloomberg suggests that China is preparing for the first real test for the state-sanctioned digital currency via the Didi Chuxing app, an Uber-equivalent in China. The ride-hailing application is integrating the digital yuan as a payment method, enabling citizens to use DRMB to pay for rides and potentially more in the future, according…