In this issue:
• Crypto Apps Launch New Features, Custody Firm Achieves CCSS Certificate
• NFTs Permitted for Political Fund Raising; Analysis Details NFT Wash Trading
• US and International Regulators Address Crypto Risk Factors for Banks
• Treasury Dept. and IRS Issue Transitional Digital Assets Guidance for Brokers
• DOJ and SEC Actions Target Crypto Fraud and Unregistered Securities Offerings
• Reports Provide Data on 2022 Crypto Scams; QuadrigaCX BTC Is on the Move
Crypto Apps Launch New Features, Custody Firm Achieves CCSS Certificate
According to recent reports, Uniswap V3 was the most used Ethereum contract in 2022, seeing over 15.5 million transactions throughout 2022 and using over 2.8 million in gas (gas fees are paid in Ethereum’s native currency, ether (ETH), and are denoted in gwei, which is a denomination of ETH with each gwei equal to 0.000000001 ETH). Reports also note that Uniswap recently enabled functionality in its Uniswap Web App that allows users to buy cryptocurrency using traditional credit cards, debit cards and bank transfers.
A major U.S. financial services firm recently published a paper that proposes a new system known as “account abstraction” that would use smart contracts to allow automatic payments to be programmed for users on the Ethereum layer 2 network StarkNet. The proposal aims to combine user accounts and smart contracts into a singular account on Ethereum, which will allow the creation of “delegable accounts”…
