Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,404,566,215,417.11
  • 24h Vol: $55,231,442,798.33
  • BTC Dominance: 56.55%

National Security

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Nigeria Considers Domestic Blockchain for Data Security

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A Nigerian information technology agency is considering plans to develop a domestic blockchain to enhance national security and protect citizens’ data. A proponent of a locally developed blockchain argues that such a protocol would likely ensure compliance with Nigerian laws and allow the country greater control over its data. Domestic Blockchain Seen as Boosting Government […]

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US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

Leave a Comment / alphanumeric characters, AML/CFT, Bitcoin, conclusion, Crypto Hacked, Cryptocurrency, cybercriminals, decentralized finance, DeFi, Ethereum, federal oversight, fiat currency, financial intelligence, Gaps, illicit financing, illicit proceeds, industry solutions, layering, Money Laundering, nation-state adversaries, National Security, onchain surveillance, Oversight, personally identifying information, policymakers, proliferation financing, ransomware attackers, recommended actions, Regulation, report, risks, scammers, terrorist financing, Thieves, Traditional Finance, US Treasury, VASPs, virtual assets, vulnerabilities / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight.

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US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations

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On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech that a CBDC is one of several options for “upgrading the legacy capabilities of central bank money,” and

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Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers

Leave a Comment / ban, Bitcoin, Brian Armstrong, ceo, clear rules, Coinbase, companies, Consumers, Criticism, Crypto, Crypto Hacked, Cryptocurrency, Decentralized finance (Defi), Ethereum, Financial Services, fostered, ftx, Gary Gensler, Howey Test, increased security, Innovation, National Security, national security interests, new technologies, offshore, open crypto networks, primers, reduced carbon footprints, Regulation, regulation by enforcement, Regulations, regulator, retail customers, rumors, Scalability, SEC, sec chairman, securities regulator, sensible solutions, staking, stifled, Twitter, views, Web3 industries / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.” Coinbase CEO Vocalizes Worry Over

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