Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, to industry news, and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.
Happy Monday Ndaxers—Never a dull week in crypto:
After decades of political corruption and at least a dozen IMF/central bank interventions to fix the recurring, aggravated inflation problems that have devolved the country from one of the richest in the world to one of the most poorly managed, our distant neighbors to the south in Argentina, have decided to employ a different tack. In the most recent presidential election, they have—by the largest margin in decades—opted to elect the so-called ‘madman’ candidate Javier Milei, who ran on a platform of abolishing the Central Bank of Argentina and dropping the Argentine Peso in favor of the USD. Most Argentines (if they are able to save any of their money at all—poverty having risen to over 40% this year alone) are using the Dollar anyway but are forced to acquire it either via black markets or at prohibitive cost. Milei has praised Bitcoin as a private market answer to central bank overreach, among other more... colorful comments. Milei has an incredibly challenging job ahead of him, whatever path he chooses. Cointelegraph
KPMG Canada has partnered with blockchain analytics firm Chainalysis to combat fraud and criminal activities in the digital assets sector. Through this collaboration, KPMG aims to offer advanced blockchain monitoring, support, governance, and risk management to help clients adhere to evolving crypto regulations and enhance anti-money laundering compliance programs. The move addresses the increasing sophistication of exploits and fraud in the digital asset sector, which saw a global cryptocurrency-based illicit transaction volume of $20.6 billion last year (roughly 1.33% of the total crypto market cap) as reported in the Chainalysis 2023 Crypto Crime Report. KPMG Canada is relatively engaged in the crypto industry already and is seeking to bolster its expertise in forensic investigations, crypto assets, and blockchain technology through this strategic partnership. Coindesk
“Now is the (crypto) winter of our discontent... Made glorious summer by this sun of (Binance); And all the clouds that lour’d upon our (industry), In the deep bosom of the ocean buried. Now are our brows bound with victorious wreaths; Our bruised arms hung up for monuments; Our stern alarums changed to merry meetings, Our dreadful (lawsuits) to delightful measures. Grim-visaged (Operation Chokepoint 2.0) hath smoothed his wrinkled front; And now, instead of mounting barded (DoJ) steeds, To fright the souls of fearful (Crypto-preneurs), He capers nimbly in (the marketplace), To the lascivious pleasing of (hopeful regulatory clarity)…" If you’ll pardon, dear reader, our nerdiness for one moment, you might agree that the one large remaining threat overhanging our industry, having been neutralized, settled, and ostensibly squared away, it appears to be clear blue skies ahead. We are thankful for this development, even as the SEC continues waging their own ongoing campaign against Binance, and even as they open up a new front against the house of Kraken. Blockworks and Coindesk
In the cryptocurrency community, there's always something going on. Here are a few events and happenings that you might be interested in:
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Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.