Whales move over $120 million in Bitcoin from exchanges as DeFi sees $1.2B in tokenized BTC

With over $1.2 billion in Bitcoin now on Ethereum for DeFi use, Alameda Research continues to lead the with another $25 million worth of WBTC in a historic mint. Although Bitcoin’s price has over the past week retraced to lows of $10k and then capped below $10,800, one metric that has kept growing is the […]

Continue Reading

What the Travel Rule Means for Crypto Users and Investors 

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 […]

Continue Reading

Mandatory KYC verification may contradict privacy laws in South Korea

With the South Korean government preparing to implement know-your-customer (KYC) and anti-money laundering (AML) compliance processes, there is confusion among legal experts as to whether the requirements contradict other laws. According to Digital Today, the new requirements would contravene the existing Personal Information Protection Act, which stipulates that local companies cannot legally request social security […]

Continue Reading

ChainLink price up 3.13% to boost optimism for a bullish reversal to $10.00

LINK/USD touched $7.40 after extreme sell-off pressure saw it tumble from highs of $20 ChainLink’s price action has been one full of bleakness over the past few weeks, recent sell-off pressure sending LINK/USD to lows of $7.40. With Bitcoin and the rest of the cryptocurrency market looking weak as of writing, it also appears ChainLink […]

Continue Reading