Chinese investors have been buying gold as an investment, motivated by the poor performance of traditional stock and property options. According to World Gold Council (WGC) reports, China had the largest demand for gold for jewelry and investment purposes in 2023. This, and the demand from central banks has maintained gold prices over $2,000. Chinese […]
Author: Sergio Goschenko
Polygon Labs Execs Outline Regulatory Framework to Combat Illicit Activity in Defi
A paper prepared by two Polygon Labs executives and a former Financial Crimes Enforcement Network (FinCEN) director presents a framework to combat illicit activity in decentralized finance (defi) markets. The document proposes three different classes for defi platforms, including platforms controlled by centralized actors, genuine defi systems, and critical communication transmitters, describing the level of […]
Argentine Government Drops Crypto Legalizing Opportunity From Omnibus Bill
The Argentine government, presided by Javier Milei, has resolved to drop the tax opportunities for crypto in the omnibus bill presented to Congress. The bill allowed taxpayers to declare the ownership of some previously undeclared assets, with crypto also included, reducing the payments and fees for this task. Argentine Government Excludes Crypto Opportunities From Omnibus […]
Googles Updates Advertising Policy for Crypto, Allows ETF Ads
Google has finally executed an advertising policy update announced in December, allowing some cryptocurrency finance products, like the recently approved bitcoin ETFs, to include sponsored links on its platforms. Consequently, some bitcoin ETF issuers, like Vaneck and Blackrock, are already posting ads on Google. Google Changes Crypto Policies, Allows Bitcoin ETF Ads Google, the software […]
Breez Wallet Shows Offline Lightning Network Payments Solution
Breez Wallet, a Lightning Network (LN) focused wallet, has shown an implementation that allows users to receive LN payments without being online. The service, which will be included in an upcoming non-custodial wallet app, leverages the wallets’ own SDK using mobile notifications to receive this payment without requiring involvement from the recipient. Breez Presents Solution […]
Hong Kong to Strenghten OTC Crypto Market Regulation
Hong Kong will now focus on regulating over-the-counter (OTC) cryptocurrency trading, according to local sources. Under Secretary for Financial Services and the Treasury Joseph Chan Ho-lim stated that the government will aim to mitigate the risks of virtual assets amidst the rising interest of mainland investors using the city as a bridge to invest in […]
Kaspersky Alerts Public About Mac Specific Malware Targeting Crypto Wallets
Kaspersky, the cybersecurity firm based in Russia, has issued a public warning regarding a new malware strain that particularly targets Mac users, focusing on their crypto wallets. This malicious software, which infiltrates computers via counterfeit applications, sets up a backdoor aimed at bitcoin wallets, including Exodus. It then substitutes these wallets with fraudulent versions designed […]
Interpol Publishes Report on Crime in the Metaverse
The International Criminal Police Organization, known as Interpol, has issued a report that examines the metaverse from a law enforcement perspective. The report considers illegality in the metaverse, including metacrime, metaverse forensics, governance, and the opportunities it presents for using it in favor of law enforcement agencies. Interpol Examines Law Enforcement in the Metaverse Interpol, […]
Latam Insights: Argentina’s Milei States Dollarization Is Close, Bitfarms Expands In Paraguay
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine President Javier Milei reiterates dollarization is near, Bitfarms announces a new site in Paraguay, and El Salvador approves a soy-backed token issuance. Argentina’s Milei Talks Dollarization Again Javier Milei, president of Argentina, […]
Congressman Rand Paul Reintroduces ‘Audit the Fed’ Bill
Congressman Rand Paul reintroduced the Federal Reserve Transparency Act, also known as the “Audit the Fed” Bill, as a standalone piece of regulation into the U.S. Senate. The bill seeks to take the lid off what Paul considers to be the “entirely unknown inner workings” of the U.S. Federal Reserve and its operations. Senator Rand […]