The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror financing operations.The treasury’s “Study of the facilitation of money laundering and terror finance through the trade in works of art” suggested that the increasing use of art as an … [Read more...] about US Treasury targets NFTs for potential high-value art money laundering
Money
Crypto money laundering up by one third in 2021 but still below record
A new Chainalysis report has revealed that $8.6 billion in value was laundered through cryptocurrency in 2021. It marks a 25% increase from 2020, but still remains well below the high watermark hit in 2019. That year $10.9 billion in value was laundered via cryptocurrency. Since 2017, Chainalysis estimates that a total of $33.4 billion in crypto has been laundered.Chainalysis … [Read more...] about Crypto money laundering up by one third in 2021 but still below record
Central Banks Are Best Sources of Trust in Money in a Digital Age
Central banks are the key institutions for providing trust, and alternatives have often ended badly, he said. He was speaking at Goethe University’s Institute for Law and Finance (ILF) conference on “Data, Digitalization, the New Finance and Central Bank Digital Currencies: The Future of Banking and Money" on Tuesday. Source link … [Read more...] about Central Banks Are Best Sources of Trust in Money in a Digital Age
ERC-4626: DeFi's Newest Money Lego
ERC-4626 is a newly proposed Ethereum token standard that might resolve a sore issue in decentralized finance (DeFi): the mishmash of design types for tokens that print money.Proposed Jan. 4, ERC-4626 co-creator Joey Santoro said Wednesday the token’s documentation is ready for “final review.” He called on the “giga chad brains” of Crypto Twitter to offer feedback on this novel … [Read more...] about ERC-4626: DeFi's Newest Money Lego
‘People Want to Work Smart, Not Hard’: Introducing ‘New Money’
How do you make money? Most of us still have traditional jobs where we work 9-5 each day. But a growing legion of social media stars, athletes and celebrities are showing that another world is possible. They’re showing you can create wealth with crypto and live independently with it.“New Money With Spencer and Solo” is a new show devoted to people who’ve taken big risks and got … [Read more...] about ‘People Want to Work Smart, Not Hard’: Introducing ‘New Money’