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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

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

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

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

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

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

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

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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