Ethereum is arguably the second-best known cryptocurrency after Bitcoin, and for good reason. A pioneering project dreamt up by a man with a taste for unicorn t-shirts, Ethereum is the bedrock on which thousands of decentralized cryptocurrency projects have been built and is the home to entire movements, including NFTs and DeFi. But how did Ethereum get started, how does it work, and what might the future hold for it?
The Financial Action Task Force (FATF) has published a list of ‘red flags’ that it says regulators in its member countries can use in order to detect illegal use of cryptocurrencies. The report, published yesterday, outlines certain behaviors and characteristics that serve as warning signs that observers can use when trying to detect illegal or illicit crypto transactions.
Read the full article at FullyCrypto: https://fullycrypto.com/fatf-publishes-illegal-crypto-use-red-flags
The mayor of Miami, Francis Suarez, is taking steps to see a portion of the city’s balance sheet converted to bitcoin. The news, revealed by Suarez in a Twitter post yesterday, comes hot on the heels of Tesla announcing that it had bought $1.5 billion of bitcoin, an announcement that saw the Bitcoin price bounce 20%. Suarez said in the tweet that he will raise the issue in a city council meeting on Thursday where he hoped to “get the ball rolling”.
Read the full article at FullyCrypto: https://fullycrypto.com/miami-mayor-wants-bitcoin-on-the-books
The Central Bank of the Bahamas has announced that it has launched the world’s first Central Bank Digital Currency (CBDC), the Sand Dollar. The Sand Dollar digital currency, plans for which were first revealed in 2018, has been tested on two islands in the region in the past 10 months, with those tests being successful enough to now allow a full rollout. In launching the Sand Dollar, The Bahamas has claimed the crown of operating the world’s first fully functioning CBDC, ahead of superpowers like China.
Read the full article at FullyCrypto: https://fullycrypto.com/bahamas-sand-dollar-is-worlds-first-active-cbdc
In today’s episode, Mark and Alex discuss who was at fault in last week’s Eminence farce and look forward to ‘Fake!’, the recently announced film about the OneCoin scam starring Kate Winslet.
The CEO of Evertas, the world’s first cryptocurrency insurance company, has said that institutional investors are “clearly optimistic about the future valuation of Bitcoin”. Evertas, which focuses on covering institutional holders of cryptocurrencies, conducted a survey of investors who collectively manage $78.4 billion of AUM and found that while the majority were bullish about Bitcoin, there were still many reservations about the quality of crypto insurance currently on offer.
Read the full article at FullyCrypto: https://fullycrypto.com/evertas-ceo-institutions-clearly-optimistic-about-bitcoin
Donald Trump is arguably the biggest hero in the Bitcoin world. Back in April, Trump dished out checks to every single American worth $1,200, and a lot of wise people squirreled it away and instantly bought Bitcoin. Those that did are still laughing as that $1,200 check, if invested instantly into Bitcoin, is now worth $2,042 – that’s more than a 70% increase in value.
Read the full article at FullyCrypto: https://fullycrypto.com/stimulus-check-2-0-is-great-news-for-bitcoin
ShapeShift, the exchange protocol founded by Erik Voorhees in July 2014, has announced a shift to a decentralized model in protest of increasing oversight.
Read the full article at FullyCrypto: https://fullycrypto.com/shapeshift-decentralizes-removing-need-for-kyc
Mark and Alex welcome Bay Abbott and Naeem Master from Beaxy cryptocurrency exchange to the podcast and discuss the exchange’s rocky beginning, what it takes to run an exchange, and just how much work goes into listing a project.
BitMEX has reacted to the multiple charges brought against several of its leadership last week by replacing them. Company owners Arthur Hayes, Ben Delo, and Samuel Reed were indicted last week by the Commodity Futures Trading Commission (CFTC) on a number of charges relating to the illegal running of the cryptocurrency exchange, and all three have now stepped back from their duties with the exchange and the holding companies. BitMEX announced the move yesterday, just days after calling the CFTC’s actions “heavy-handed”.
Read the full article at FullyCrypto: https://fullycrypto.com/bitmex-rings-the-changes-after-legal-trouble