Author: American Coins & Gold

How the Crypto Industry Responded to FinCEN's Proposed Mixer Rule
Last October, the Financial Crimes Enforcement Network proposed implementing a new regulatory regime for crypto mixing services that would treat the entire class of privacy tools as money laundering threats and force new recordkeeping rules on U.S. people or entities that use them. The industry had a chance to weigh in. Here’s the gist of their responses.

Circle to Issue Its Stablecoin USDC on Celo Network to Boost RWA Capabilities
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.

Web3 Payments Firm Transak Joins Visa Direct to Streamline Crypto-to-Fiat Conversion
The deal allows the Web3 payments infrastructure provider’s users in over 145 countries to easily convert crypto into local fiat currencies.

German Police Seize .1B Worth of Bitcoin in Piracy Sting
Police in Germany have provisionally seized 50,000 bitcoin worth $2.17 billion in what it is calling its largest seizure to date.

First Mover Americas: Bitcoin Eclipses K Having Gained Nearly 10% in a Week
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

MIM Stablecoin Suffers Flash Crash Amid .5M Exploit
The stablecoin issued by decentralized platform Abracadabra.money {MIM}, suffered a flash crash to $0.76 after reports emerged of a $6.5 million exploit.

Bitpanda Crypto Exchange to Withdraw From Netherlands
The company said it is committed to complying with the regulatory landscape.

Fintech Provider Portal Raises M Seed Round for Bitcoin-Based Decentralized Exchange
Portal aims to offer a decentralized infrastructure for peer-to-peer swapping of BTC across different blockchains without the need for intermediaries, which heighten the risk of hacks.

SOL, AVAX Lead Crypto-Market Recovery, Bitcoin Tops 50-Day Average Before Fed Meeting
Altcoins’ consistent positive performance over the past six days is boosting optimism and setting up bitcoin to test $46,000, one analyst said.

Binance Now Allows Larger Traders to Keep Their Assets Elsewhere: FT
The move may reflect users’ unease about Binance’s regulatory dispute in the U.S. which saw it landed with a $4.3 billion fine in November.