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Digital intelligence must overcome challenges to solving crypto crimes
While the value of cryptocurrencies has varied wildly in the last year, this has not diminished crypto’s attractiveness to criminals. Many of them are moving their illegal activities underground and outside the view of law enforcement. Because of the public nature of most blockchains, however, this rapid movement shouldn’t be a major concern to law enforcement agencies. With the right tools and training, following the proceeds of crypto-enabled crime is actually not as difficult as it may seem. However, intelligence agencies must have a cryptocurrency investigation plan that includes the right tools to lawfully collect digital evidence and the properly trained personnel to investigate these types of crimes when they arise. Digital intelligence (DI) is a two-part definition — the data colle...
Walmart is seeking a crypto product lead, the Dogecoin Foundation is active again after a long break, Coinbase has amassed a $4 billion cash-backed war chest: Holder’s Digest, Aug. 15-21
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Infrastructure bill passes US Senate — without clarification on crypto On Tuesday, the controversial infrastructure bill passed in the U.S. senate In a 69-30 vote. The bipartisan bill proposes roughly $1 trillion of funding into transportation and electricity infrastructure projects. The bill also puts forward more stringent rules for firms handling crypto assets while expanding reporting requirements for brokers, who will be required to report digital asset transactions worth more than $10,000 to the IRS.&nbs...
Henri becomes a hurricane as it moves toward the Northeast
Henri was veering a bit further west than originally expected, and if that track holds, it would have eastern Long Island in its bull’s-eye rather than New England, which hasn’t taken a direct hit from a hurricane since Hurricane Bob in 1991, a Category 2 storm that killed at least 17 people. New York hasn’t had a direct hit from a powerful cyclone since Superstorm Sandy wreaked havoc in 2012. Some of the most important repairs from that storm have been completed, but many projects designed to protect against future storms remain unfinished. The population of Fire Island, a narrow strip of sandy villages barely above sea level off Long Island’s southern coast, swells during the summer season. Residents and visitors alike were urged to evacuate; the last boats out will leave at ...
Clearing the air: Renewably sourced Bitcoin may ensure a clean energy future
Bitcoin (BTC) may be the last thing one might consider when thinking about ways to ensure a clean-energy future. This has especially become the case following a tweet sent by tech entrepreneur Elon Musk back in May, in which he stated that Tesla would stop accepting BTC payments due to the increasing usage of fossil fuels for mining. Yet raising awareness around the high energy costs typically associated with Bitcoin mining didn’t negatively impact the crypto ecosystem — in fact, it did just the opposite. Following Musk’s tweet, a number of cryptocurrency mining companies came out of the woodwork to explain how Bitcoin can be mined using renewable energy sources, such as wind, solar and geothermal energy. It’s also important to point out that leveraging renewable energy to mine Bitco...
Unicorns in crypto: A growing herd of billion-dollar crypto companies
The second half of 2021 just started and there is already a rise in the number of unicorns emerging in the crypto world as years of resistance towards crypto from mainstream investors start to fade. Since the year began, more than 50 cryptocurrency and blockchain-related projects have risen to the much-coveted unicorn status, with market analysts predicting more to come. A unicorn is a company that has been valued at more than one billion dollars by venture capitalists. A few examples of unicorns in the mainstream include the likes of Airbnb, Uber and Elon Musk’s Space X that have all managed to garner a valuation in the tens of billions. In the crypto sphere, Coinbase, the giant United States-based crypto exchange, is a keen example of how fast companies in the crypto industry can r...
DeFi needs more tangible assets on-chain to see a successful future
In a business school lecture hall at the Massachusetts Institute of Technology (MIT), a senior executive for Safaricom gave a prediction of decentralized finance and the future of commerce to a room of keen but confused MBA students. “You will be able to buy your first home on WhatsApp! Smart contracts on the Ethereum blockchain will take care of everything and you won’t need a broker,” he said with conviction, pointing to a slide. “How will the house’s title change hands? What about the funds? Can the blockchain do escrow? What role for lawyers? How could we possibly buy something worth a million dollars with the click of a button?” the class wondered. Students in April 2017 — who hadn’t yet seen Bitcoin (BTC) crest above $20,000 — had little reason to believe that blockchain would change...
DeFi proves that charities could be doing more with their money
Most of the stories coming out of the crypto industry this past year have centered around enormous numbers flowing in and out of the space. From stablecoins topping over $100 billion, with Circle raising $440 million in private investment in the spring, to decentralized finance (DeFi) projects like Solana completing a $314 million fundraiser, people love to discuss the huge amounts of money being made in DeFi as new all-time highs break records across the board. What we don’t see enough of are the use cases on how this technological innovation underpinning these new financial instruments can benefit important causes and impact organizations outside of the bullish and bearish markets. Although blockchain technology has progressed rapidly over the past decade, the remaining high entry b...
Henri strengthens to hurricane as it bears down on Northeast
Henri was veering a bit further west than originally expected, and if that track holds, it would have eastern Long Island in its bullseye rather than New England, which hasn’t taken a direct hit from a hurricane since Hurricane Bob in 1991, a Category 2 storm that killed at least 17 people. New York hasn’t had a direct hit from a major hurricane season storm since Superstorm Sandy wreaked havoc in 2012. Regardless of its exact landfall, broad impacts were expected across a large swath of the Northeast, extending inland to Hartford, Connecticut, and Albany, New York, and eastward to Cape Cod, which is teeming with tens of thousands of summer tourists. Massachusetts Gov. Charlie Baker urged people vacationing on the Cape to leave well before Henri hits, and those who planned to start v...
JAY-Z Is Getting Into Sports Betting and NVIDIA Saw Record Q2 Revenue in This Week’s Business and Crypto Roundup
Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before. HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in the know about trends across industries. Business 1. NVIDIA saw record Q2 revenue Chipmaker NVIDIA saw revenues soar 68 percent over the three-month period. Total revenue for the quarter came in at $6.51 billion USD, with its gaming division performing exceptionally well. 2. Twitter tapped crypto researcher Jay Graber to lead its decentralized social network Twitter‘s Bluesky venture aims to build a decentralized social network protocol. Little is known...
Altcoins rally higher while Bitcoin bulls target $50,000
Bulls officially made their claim clear today as Bitcoin (BTC) price rallied 4.18% to $49,163 and captured the attention of investors who’ve been waiting for BTC to reclaim the $50,000 mark. The uptick in bullish momentum translated into a wave of green candles from altcoins and the majority of the tokens in the top 200 registered gains. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Syscoin (SYS), TrustSwap (SWAP) and PARSIQ (PRQ). Syscoin celebrates its seventh birthday The best performing coin over the past 24-hours has been Syscoin, a platform that offers low-cost tokens, assets and NFTs secured by the hash rate and censors...
VanEck and ProShares apply to withdraw Ethereum ETF filings from SEC
Less than two days after submitting separate applications to the United States Securities and Exchange Commission (SEC), asset managers VanEck and ProShares have seemingly decided not to pursue exchange-traded funds (EFTs) with exposure to Ether. In individual Friday filings with the SEC, legal representatives of VanEck and ProShares both said the firms had elected not to proceed with registering their respective Ether-based exchange-traded funds. VanEck had submitted a filing to launch an “Ethereum Strategy ETF” with the SEC on Wednesday, while ProShares applied for an “Ether Strategy ETF” the same day. Both products had seemingly aimed to provide exposure to Ether (ETH) by investing in futures contracts as well as pooled investment vehicles and other exchange-traded products. It’s unclea...
Price analysis 8/20: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH
Wells Fargo, in partnership with NYDIG and alternative assets manager FS Investments, has registered a new investment fund dubbed “FS NYDIG BITCOIN FUND I,” which will offer the bank’s wealthy clients an opportunity to gain indirect exposure to Bitcoin (BTC). In another sign of growing institutional interest, filings submitted to the U.S. Securities and Exchange Commission by BlackRock show a 6.71% stake in Marathon Digital Holdings and a 6.61% stake in Riot Blockchain. BlackRock’s total investments in both the publicly traded Bitcoin mining firms are roughly valued at $384 million. Daily cryptocurrency market performance. Source: Coin360 Coinbase CEO Brian Armstrong announced on Aug. 20 that the company’s board had approved a proposal to add $500 million worth of crypto to the balan...
