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The Merge: Ethereum’s Road to Being a Killer App

Most people that have at least some exposure to the crypto ecosystem know that something is happening with Ethereum. That something is called the Merge, and it will fundamentally shift the way this blockchain and network operates. Today, a participant in the Ethereum network that processes, validates, and confirms transactions is called a miner. As…

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Key Takeaways: Agreement on MiCA, European crypto-assets regulation

On June 30, 2022 the EU Council Presidency and the European Parliament reached a provisional[1] agreement on the scope and direction of the Markets in Crypto-Assets Regulation. For the first time, European lawmakers aim to harmonize rules for crypto across the European Union and address the borderless risks introduced by crypto-assets while fostering innovation. Once…

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Second Mixer, TORNADO CASH, Added to OFAC Sanction List

On August 8, 2022, the United States Office of Foreign Assets Control (OFAC) updated its Specially Designated Nationals (SDN) List adding TORNADO CASH (a.k.a. TORNADO CASH CLASSIC; a.k.a. TORNADO CASH NOVA) along with 44 addresses from the Ethereum blockchain. This was an example of OFAC implementing sanctions on the person/entity level. OFAC, which sits within…

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Regulatory and Legislative Analysis #4

Regulatory and Legislative Analysis – Global The Financial Stability Board (FSB) issues statement on international regulation and supervision of crypto-asset activities On July 11th, the FSB issued a statement following “recent turmoil in the crypto-asset markets”. Click here for a detailed overview. The key insights are as follows: The recent turmoil in the crypto-assets markets highlights their intrinsic volatility,…

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blockchain coffee

Crypto && Coffee 124

Technology Recap: Bitcoin: Several wallet developers including ColdCard and Sparrow Wallet have been in talks with developer Ali Sherief regarding a BIP that encompasses a single message signing algorithm used for P2WPKH and other output types. Core developers have been discussing use cases and designs around on-chain transactions that “burn” bitcoins in small increments as a proof of resource…

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Heads up: Monero v15 Hard Fork Update

The Monero community posted notice of v15 (version number, not client version) — release version v0.18.0 — hard fork (HF) network upgrade on November 19, 2021. Known as “Fluorine Fermi,” based on Monero’s release naming convention, the network had meetings in March 2022 and reached a consensus on April 16, to target deployment of the…

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blockchain coffee

Crypto && Coffee 123

Technology Recap: Bitcoin: Core Developer Alfred Hodler posted to the Bitcoin-Dev mailing list a proposal to BIP-47. BIP-47 allows a user to publish a payment code that anyone can use in combination with their own keys to create an unlimited number of private addresses that only the two know, aiming to avoid address reuse issues. Ethereum: Tim…

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Regulatory and Legislative Analysis #3

Regulatory and Legislative Analysis – Global Financial Action Task Force (FATF): Targeted Update on Implementation of FATF’s Standards on Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) On June 30, 2022, the FATF released a targeted update for VA and VASP standards. This release focused heavily on the Travel Rule (for more background on…

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blockchain coffee

Crypto && Coffee 122

Technology Recap: Bitcoin: Lightning Network Daemon, lnd, announces lnd v0.15-beta! This new release includes full support for Taproot (creating addresses, send/receive, PSBT funding and signing), experimental MuSig2 API, BIP-55 support for neutrino and more! The Lightning Development Kit shares the full background of LDK and the advantages of using LDK for Lightning network development. Ethereum: The Gray Glacier upgrade is scheduled…

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CipherTrace cyrptocurrency crime and anti-money laundering report

Crypto crime: Combatting hacks, thefts, and fraud in the decentralized finance ecosystem

The last seven months have been thrilling for us. In October 2021, Mastercard acquired CipherTrace. Together, we’ve been accelerating our efforts to ensure that the crypto economy is instilled with the same trust and peace of mind that consumers currently experience with more traditional payment methods. Now that we’re part of the Mastercard family, we…

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