“Caught up in a police probe since Thursday, some Chinese crypto buyers and sellers and OTC market makers have already had accounts frozen because their transactions may have been contaminated by money-laundering activities involving cryptocurrencies.
It’s a concern because OTC desks are the only fiat currency on- and off-ramps for China-based crypto users who do not have overseas bank accounts.
There’s a growing trend of using blockchain networks to transfer high-risk capital in China, [where] U.S dollar-linked stablecoin tether (USDT) has now become the most popular choice.
Police are also catching up, using on-chain analysis to trace blockchain assets.”
“Transfer agents maintain and update securities ownership records as well as distribute payments, like shareholder dividends or interest (in Lottery.com’s case, a portion of raffle revenue) to owners.
With this we can basically do instant payouts.
Domingo pointed to the stock market’s costly-on-the-margins disbursement schemes that he claimed allow transfer agents like Computershare to profit off the dividends they’re meant to deliver. Such inefficiencies are impossible in Securitize’s model.
Securitize is looking to bring its royalty disbursement service to the company’s real estate partners next.“
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“Lithuania’s Head of Innovation wants to pitch Lithuania’s ministries of energy and health on a cross-agency, multi-blockchain platform called LTChain that the whole government could use.
He pointed to interconnected systems, like a tax authority collecting fees, or an energy provider collecting payments, or a health ministry provider seeking to build networks between providers. ‘We don’t need to limit ourselves to one market, to one sector.‘
The central bank will begin discussions with government ministries soon.”
“Voice, the social media platform by EOS creator Block.One, announced that it will launch on July 4.
The social media platform will be available to readers on U.S. Independence Day, with only registered users able to publish content or engage online. Registration would remain on request until August 15, when Voice users can begin to invite friends.
Despite being a cryptocurrency-powered platform, Voice has come under fire for privacy concerns. All members will have their identities verified, with some meta data used to ‘prevent and detect crime.’“
“A software program that mines Monero to bail people out of jail has seen an uptick in use as protests over the police killing of George Floyd continue across the U.S. The software is called Bail Bloc and runs in the background of your computer, passively generating Monero that is then distributed to bail funds.
Bail funds are used to pay bail for those in pre-trial detention, which can last for weeks or even months. In the wake of protests against police brutality more than 10,000 protestors have been arrested in the U.S.
We are dedicated as a project and as individuals to the movement for black lives, and feel that people should direct resources to organizations on the ground that can respond rapidly.
Thus far Bail Bloc has raised over $8,000, or enough to bail out 13 people. Several bail funds are accepting direct donations in cryptocurrency.”
“Chi tokens are meant to be created when the gas fees on Ethereum are low, which allows the user to “store” that price for later use. The mechanism could smooth out the price of gas between periods of high and low activity.
Chi’s developers say that the token can cut down the price of a transaction by as much as 50%.”
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“The company claims that it can trace the vast majority of Zcash and Dash transactions due to the fact that most users do not use privacy-enhancing features. When it comes to Dash, Chainalysis goes as far as to say that calling it a ‘privacy coin’ is a misnomer.
In fact, independent wallet softwares provide more advanced forms of CoinJoin that are being used with major cryptocurrencies not labeled as privacy coins, such as Bitcoin, Bitcoin Cash, and Litecoin.”
See Also: Law Enforcement Is Starting to Make Criminals Doubt the Dark Web
The Disrupt 