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Chainalysis: Criminals moved $34 million in crypto through DeFi in 2020

Chainalysis: Criminals moved $34 million in crypto through DeFi in 2020

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Roughly $144.3 billion passed through decentralized exchanges (DEXs) in 2020, but not all transactions involved legally-obtained crypto. Blockchain analysis firm Chainalysis estimates that about $34 million of decentralized finance (DeFi) transactions were conducted by criminal actors.  Source: Chainalysis The $34 million figure might not sound like a lot — it’s only 0.02% of the estimated …

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Polychain’s Olaf Carlson-Wee breaks down the maturation of the DEX market

Polychain’s Olaf Carlson-Wee breaks down the maturation of the DEX market

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Decentralized exchanges have been growing at breakneck speed, with volume surging to nearly $40 billion for January 2021 — the highest level ever reported. Just a year ago, DEX-based trading was almost non-existent, data from The Block indicates. In January 2020, a mere $600 million traded across DEXs. And DEX projects that raised tens of …

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Early CryptoPunk Digital Collectible Sells for $762K in Ether

Early CryptoPunk Digital Collectible Sells for $762K in Ether

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Some rudimentary pixel art just sold for 605 ETH, or $761,889 at purchase. FlamingoDAO, a decentralized autonomous organization (DAO) for investing in digital collectibles, is behind Saturday’s eye-popping CryptoPunk sale. Only nine such “Aliens” exist in the CryptoPunk universe, which pioneered non-fungible tokens (NFTs) in 2017 and are the “Holy Grail” for an emerging class …

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COTI, STASIS integrate Chainlink to bridge CeFi-DeFi

COTI, STASIS integrate Chainlink to bridge CeFi-DeFi

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Bridging the gap between traditional finance and DeFi protocols seems to be the need of the hour, and Chainlink’s recent integrations seem to be facilitating just that. Blockchain-powered Fintech company COTI recently launched a new Crypto Volatility Index (CVI) for DeFi, one that enables traders to profit from market volatility. The company is in the …

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Bitcoin Core Lead Maintainer Steps Back, Encourages Decentralization

Bitcoin Core Lead Maintainer Steps Back, Encourages Decentralization

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Bitcoin Core lead maintainer Wladimir van der Laan has decided to take “even more” of a “background role” for the sake of further decentralizing the project, according to a new blog post.  Bitcoin Core is the key software underpinning the Bitcoin network. While van der Laan’s work is mostly “janitorial” in nature, making sure the …

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Coinbase to offer secondary market for private shares ahead of public stock listing

Coinbase to offer secondary market for private shares ahead of public stock listing

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Coinbase — the largest cryptocurrency exchange in the U.S. — alerted shareholders that the firm would launch a secondary market for its private stock on Nasdaq Private Market.  The move comes ahead of the firm’s much-anticipated public market debut. Coinbase, which filed a confidential S-1 in mid-December, said that it would provide further details to …

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Digital Asset Manager Komainu to Provide Custody of Crypto Seized by UK Police

Digital Asset Manager Komainu to Provide Custody of Crypto Seized by UK Police

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Cryptocurrency seized by U.K. police during investigations will now be securely stored by digital asset manager Komainu. Under a new framework service agreement with the Derbyshire Constabulary on behalf of the National Police Chiefs Council (NPCC) Cybercrime Programme, Komainu will be responsible for providing a more “robust” means to store cryptocurrencies seized during investigations across …

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