United States: 80% decrease in criminal activity via Bitcoin
The United States Federal Drug Enforcement Agency (DEA) says criminal activity via cryptocurrencies has fallen sharply in the last five years. While bitcoin transactions are rising sharply, the currency of Nakamoto used by some criminals now only accounts for one-tenth of these transactions. Volume going up and ratio going down
We remember the statement of a former US federal prosecutor. This...
Libra – or how Facebook plans to empower billions of people
Libra is in the spotlight. Everyone is talking and speculating about it. Do we even know what it entails? Are we ready for such financial and societal change? Ca-Libra Financial exclusion is still significantly high worldwide. The World Bank highlights in Financial Inclusion on the Rise, But Gaps Remain, Global Findex Database Shows a research paper from 2018, that approximately...
What is Kusama? A Review and Short Analysis
Kusama core mission is to test the interoperability and scalability of functionalities and to organize these solutions into a network of parachains -or parallel chains.
Switzerland: cryptocurrencies accepted in a 2nd Bank
Maerki Baumann, a Zurich-based private bank, announced that it will manage the cryptoassets of its customers. In Switzerland, it is the second private bank to take this step forward. Maerki Baumann & Falcon bank Previously mentioned in one of our last articles, Switzerland, or more precisely some Swiss financial institutions, seemed to pout when crypto startups knocked on their door to...
KYC: 68% of exchanges do not meet standards
Previously cited in the article LexisNexis & Blockbid Partnership, KYC and AML formalities are in the line of sight of international regulators. However, it appears that only 32% of cryptos exchanges meet the guidelines. This is a study of the company P.A.I.D in partnership with Mitek, a technology provider for identity verification, which advances this low ratio. The obligatory KYC...
Beam : a formal approach for privacy coins
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. Summary Market Capitalization: USD 56'970 Mio. Coin Market Cap Ranking: #116 Validation: Proof of Work Algorithm: Equihash (modified, forked every 6 months to counter ASICs) Risk: Crowded field (Zcash, Monero, Grin,
Bitcoin second layer solutions for privacy)No...
There is no more illegal activity in Bitcoin than in cash.
Some had doubts about it, others were more suspicious on this topic, but eventually, it is official. A former US federal prosecutor announced this summer during the international Money 20/20 conference taking place in the Netherlands: "many more crimes" were perpetrated via the use of fiat currencies and not with cryptocurrencies. This former District Attorney for Western Pennsylvania, elected by the Senate...