Author: American Coins & Gold

Crypto for Advisors: Crypto Market – A Week in Review
A recap of the crypto market from August 11th to 17th.

Blockchain Developer Alchemy Buys BWare, Pushing Into Europe, Adding About 25% to Staff
Company officials told CoinDesk this was its biggest acquisition to date, bringing on 42 developers and engineers from the Bware team and increasing Alchemy’s headcount to 210.

Art Is Not a Security
NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issued a Wells notice against OpenSea, claiming the NFT platform has violated securities law.

CoinDesk 20 Performance Update: UNI and ICP Lead Gains as Index Climbs 1.1%
Uniswap gained 3.4% and Internet Computer rose 2.8% in overnight trading.

First Mover Americas: BTC Regains K Following Slide This Week
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 29 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

'Pig Butchering' Scams Remain Dangerous Threat in Crypto Markets, Chainalysis Report Says
While other types of illicit activity are growing, scams are the biggest issue, Wednesday’s report from the analytics firm said.

Banks Using Permissionless Blockchains for Transactions Face Multiple Risks: BIS
Banks that transact on permissionless blockchains face multiple risks, including money laundering and terrorism financing, the Basel Committee on Banking Supervision said.

Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs
Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs.

CEO of South Korean Crypto Firm Haru Invest Stabbed During Trial: Reuters
The executive was taken to hospital; his injuries were not life threatening.

Crypto Market Has Evolved in the Past Year, Canaccord Says
In the last 12 months, the digital assets industry has transitioned from a post-FTX recovery period back to a growth phase, the report said.