Common Market is now Coinscrum Wire. Please unsubscribe / sign up

Common Markets will not publish anymore on digital assets.

Hi Everyone,

Most of you have migrated to the Coinscrum Wire.

Common Markets will not publish anymore on digital assets.

If you have not, please unsubscribe to this newsletter and sign up to Coinscrum Wire.

Sign Up Coinscrum Wire

Thank you for supporting the European crypto ecosystem 🇪🇺.


💡Thank you NovitasFTCL for supporting the 🇪🇺 Ecosystem

We want to thank our partner NovitasFTCL, a leading boutique firm of corporate finance advisors to the European Financial Technology sector. 

Based in London, NovitasFTCL has 45+ years of combined experience in the FinTech sector and executed over 120 transactions across Europe including M&As and Fundraisings. 

Do not hesitate to contact me if you want an introduction. 

European crypto ecosystem newsletter

Localbitcoin, Argo, BitPanda, Ledger, Major insurance firm Lloyds of London, Ledger, IBM’s Public Cloud, Alameda Research, Arweave

Hi Everyone, Thank you for supporting the European crypto ecosystem 🇪🇺.

Next week, we will launch a new format. Stay-tuned!

Etienne Twitter, ebrunet40@gmail.com )

ps: don’t hesitate to send me an email if you enjoy this newsletter, Always great to have feedback :) and Subscribe to


💡Thank you NovitasFTCL for supporting the 🇪🇺 Ecosystem

We want to thank our partner NovitasFTCL, a leading boutique firm of corporate finance advisors to the European Financial Technology sector. 

Based in London, NovitasFTCL has 45+ years of combined experience in the FinTech sector and executed over 120 transactions across Europe including M&As and Fundraisings. 

Do not hesitate to contact me if you want an introduction. 


🐦 Tweets of the week

The big news this week is FCA issuing a warning to BitMEX

We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers. [Source]

Great event next week in London with CryptoCompare and OKEx!

🤹 Startups News

  • The bitcoin marketplace Localbitcoins was once the most popular peer-to-peer (P2P) trading platform. But during the last few years, the company’s trading requirements and KYC implementation have caused an influx of traders to migrate to different P2P crypto markets. The mass departure has caused business on Localbitcoins to drop like a rock and volumes haven’t been this low since 2017 [Source]

  • Malta-based Trident Crypto Fund suffered a major data leak, the personal data of about 266,000 people registered with the fund was posted on a number of file-sharing websites following the breach [Source]

  • Bitcoin miner Argo increased production in February & mined 337.5 BTC with 17,000 machines, earning $3.2M [Source]

  • BitPanda CEO Eric Demuth Says Bitcoin Is Gold 2.0 for Millennial [Source]

🎁 Startups Product & Partnership

  • Major insurance firm Lloyds of London is expanding within the crypto industry. The firm now insures internet-connected hot wallets [Source]

  • Viral Tech: London Blockchain Week Spreads Into Day Two Despite Coronavirus Scare [Source]

  • Major cryptocurrency hardware wallet supplier Ledger has warned its users about another phishing attack trying to steal their crypto — this one using a Google Chrome extension [Source]

  • Organizers in Paris have rescheduled a major local blockchain industry event due to the coronavirus outbreak [Source]

🏢 Corporates

  • IBM’s Public Cloud Is Secure Enough for Crypto Custodians [Source]

  • Nike Explores Blockchain for Supply Chain Data Collection - The Chain Integration Pilot (CHIP) of the Auburn University RFID Lab in Alabama has published a proof-of-concept whitepaper that seeks to demonstrate the efficiency savings blockchain technology can unlock across the contemporary supply chain [Source]

  • A blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q2 2020 [Source]

🏦Regulations / Universities

  • The Commercial Court of France issued a ruling recognizing Bitcoin as currency. The court’s decision forms the first legal basis for the classification of cryptos as currency in France [Source]

  • Germany’s financial regulator shut down the local operations of a company that allows buying and selling Bitcoin at ATMs. BaFin ordered Adam Gramowski, the managing director of KKT, to cease business in Germany saying he’s unauthorized for cross-border trading. Gramowski has ATMs across Germany [Source]

  • Jon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the emergence of a cryptocurrency economy may weaken or eliminate bank credit issuance [Source]

  • The German financial watchdog is stopping the operations of a company KKT UG from Berlin that allows consumers to buy and sell cryptocurrencies at ATMs [Source]

  • The U.K.’s finance watchdog has issued a warning against BitMEX, saying that the exchange is “not authorized” to operate in the country. A BitMEX spokesperson told The Block: “We are working closely with our advisors to assess the situation.” [Source]

💰Fundings & M&A

  • Alameda Research, whose chief executive is the owner of the Binance-backed derivatives exchange FTX, has invested more than $1m into crypto quant trading firm Folkvang – one of Alameda's competitors [Source]

  • Arweave, a blockchain startup focused on the permanent storage of Internet content, has raised $8.3m in new funding  from Andreessen Horowitz, Union Square Ventures, and Coinbase Ventures [Source]

🏄 Events


A new trend in Consumer Finance: Fractional investment is coming to community-led real world assets

Nexus Mutual, B2C2, Local Bitcoins, Bitfinex, Azimo, Vodafone, Samsung, SIX Partneship with Omniex, The Bank of England and digital currency

hi Everyone, Thank you for supporting the European crypto ecosystem 🇪🇺.

We are looking for late stage crypto / blockchain or companies leveraging new data management system from Europe. Companies with a revenue of €10m+ or 100+ FTE. Such as Ledger, Elliptic, Chainalysis, Deribit, Paxful, Blockchain.com or Bitwala.

Etienne Twitter, ebrunet40@gmail.com )

ps: don’t hesitate to send me an email if you enjoy this newsletter, Always great to have feedback :) and Subscribe to


💡Thank you NovitasFTCL for supporting the 🇪🇺 Ecosystem

We want to thank our partner NovitasFTCL, a leading boutique firm of corporate finance advisors to the European Financial Technology sector. 

Based in London, NovitasFTCL has 45+ years of combined experience in the FinTech sector and executed over 120 transactions across Europe including M&As and Fundraisings. 

Do not hesitate to contact me if you want an introduction. 


A new trend in Consumer Finance: Fractional investment is coming to community-led real world assets

  • Over the next 30 years, an estimated $30 trillion of wealthwill exchange hands from the baby boomers to Generation Xers and Millennials. Unlike their elders, these demographics want to be their own financial advisor and invest directly in companies and themes they believe in.

  • However, most Millennials have limited savings facing challenges to invest in inflated assets and have a collective distrust of banks. They also want to invest in assets they understand, trust an can use.

  • The democratisation of the stock market with commission free and fractional share offering were the first steps to a broader trend around investing in community-led real world assets.

  • Unlike with Bitcoin, luxury and art assets are not fungible. This means that the transaction cannot happen on order books diminishing liquidity and market size.

  • We are about to see the rise of community-led real world assets driven by:

  • 1. The growth of online secondary marketplaces for luxury store of value items — Consumers want to invest as easily as they do with Bitcoin in sneakers or arts. With a higher number of vetted marketplaces, the liquidity will improve and the price discovery will be more efficient. This in turn will attract more users interested in both the store of value elements as well as being able to use / wear items.

  • 2. The democratisation of fractional investing — The move to fractional trading transform non-fungible asset to fungible assets that can be traded via order book based transactions. This is one of the biggest breakthrough in the consumer investing world. Even though there is still a need for over the counter agents to ensure authenticity of the items; trading can finally happen for niche & illiquid assets at scale.

  • The wide use of fractional shares will widen the investable asset market by moving exchanges from one-to-one transaction with a broker model to many-to-many transaction with an exchange model.

  • A new capital markets ecosystem is created giving opportunity to both entrepreneurs and investors. Companies to watch include Poshmark (Fashion), StockX (Streetwear), Goat (Streetwear) or ThredUp (Fashion) and my favourite Chrono24 (Watch) as well as Rally (Alternative assets) and Otis (Alternative assets and art)

    READ HERE

🐦 Tweets of the week

Chamath is known for its 2013 Bitcoin article and recently reiterated its view…

meanwhile, USDC balance decrease over time on Binance…


🤹 Startups News

  • Local Bitcoin sellers demand 50% premium in Lebanon amid strict capital control limits [Link]

  • DeFi firm Nexus Mutual, which offers an alternative to insurance, has quietly resolved two vulnerabilities. One was similar to what bZx experienced recently; another was related to its governance system. Nexus Mutual said it will pay $7,000 in bug bounties to researchers who disclosed the bugs [Link]

  • B2C2 has won a case against Quoine over multimillion-dollar bitcoin trade reversal. Singapore’s Court of Appeal has ruled that Quoine must pay damages to B2C2 for wrongfully reversing seven trades on its platform. A B2C2 spokesperson told The Block: “We are pleased that the Supreme Court of Singapore confirmed that Quoine was in breach of contract when they reversed B2C2’s trades” [Link]

🎁 Startups Product & Partnership

  • Cryptocurrency exchange Bitfinex has allegedly paid back another $100m to Tether, thus now covering more than 20 % of its $700m loan facility they took last year. The stablecoin printer started to repay the loan in July 2019 by transferring $100m to Tether’s reserves [Source]

  • 2 crypto exchanges, Bitfinex & OKEx, go offline during DDOS attacks [Link]

  • European money transfer firm Azimo now uses XRP to settle select remittances [Link]

🏢 Corporates

  • UK cell service provider Vodafone includes Bitcoin in new ad, after exiting Libra project last month [Link]

  • Samsung-backed blockchain-based mobile app & voting ID system sees 1st commercial use, replacing key cards [Link]

  • Randstad, the world's largest human resources firm, has begun testing a combination of the Cypherium blockchain and Google Cloud to better match talent to corporate needs [Link]

  • On Feb. 25th, Boerse Stuttgart — the nation’s second-largest stock exchange — introduced an ETP that’s inversely correlated to Bitcoin swings [Link]

🏦Regulations / Universities

  • BaFin Says OMC Markets, VIVA EXCHANGE Unlawfully Target Germans [Link]

  • The Bank of England's chief cashier and director of notes, Sarah John, has said that it is "crucial" for central banks to research digital currencies before private companies dominate the space [Link]

  • Finland's customs agency has $15M in seized bitcoin. The agency seized the bitcoins years ago in a major drug bust, but hasn't cashed it out yet [Linkedin]

  • French blockchain security company NIGMA Conseil, and the Austrian Institute of Technology (AIT), signed an agreement to track crypto crime. The organizations will trace and chart blockchain connections and transactions, which addresses strict KYC rules, which also require tracking coin origins [Link]

💰Fundings & M&A

  • SIX Swiss Exchange announced Tuesday it has formed a partnership with San Francisco-based institutional solution Omniex to provide SIX and its subsidiary, Swiss Digital Exchange (SDX), with access to cryptocurrency markets [Link]

  • Blockchain firm AVA Labs acquired private investment platform Investery to further expand its operations [Link]

🏄 Events


About the author: Etienne used to head principal strategic investment (Companies, Funds and token investment) at Elwood, One of the largest European digital assets investment firm spun off of Brevan Howard, billion-dollar Macro Hedge fund. Previously, he was part of the founding team at the largest Capital Markets Venture Fund in London, Illuminate Financial

Visa Grants Coinbase Power To Issue Bitcoin Debit Cards

Steemit acquired by TRON, Deribit sold 10%, Sweden and its e-Krona and much more!

Hi Everyone, Thank you for supporting the European crypto ecosystem 🇪🇺.

We are looking for late stage crypto / blockchain or companies leveraging new data management system from Europe. Companies with a revenue of €10m+ or 100+ FTE. Such as Ledger, Elliptic, Chainalysis, Deribit, Paxful, Blockchain.com or Bitwala.

Any tips will be rewarded in brownie points.

Etienne Twitter, ebrunet40@gmail.com )

ps: don’t hesitate to send me an email if you enjoy this newsletter, Always great to have feedback :) and Subscribe to


💡Thank you NovitasFTCL for supporting the 🇪🇺 Ecosystem

We want to thank our partner NovitasFTCL, a leading boutique firm of corporate finance advisors to the European Financial Technology sector. 

Based in London, NovitasFTCL has 45+ years of combined experience in the FinTech sector and executed over 120 transactions across Europe including M&As and Fundraisings. 

Do not hesitate to contact me if you want an introduction. 


Visa Grants Coinbase Power To Issue Bitcoin Debit Cards

  • Coinbase, the San Francisco-based cryptocurrency exchange, is now a "Visa Principal" member, making the firm the "first pure-play crypto company” approved by the credit card giant

  • In addition to being able to issue credit cards, Coinbase’s status as a principal member of Visa gives it access to Visa Direct, a payouts mechanism that already gives users of Square, Venmo and Zelle the option to receive payment instantly for a fee, similar to a traditional wire transfer, instead of waiting three business days using the traditional ACH payment rails

  • Coinbase launched the Coinbase Card in the UK in 2019. The debit card allows users to spend cryptocurrency as cash everywhere Visa is accepted. The card has since been made available in 29 markets with 10 different supported cryptocurrencies.

Feroz says the U.K. is Coinbase’s largest and most active debit card market, based on usage patterns of the earlier card, followed by Italy, Spain and France, with almost half the current card owners being active users, making purchases ranging from “many” thousands of Euros for large-ticket items to a few pounds for a coffee, he says, adding: “We're seeing quite an even spread.”

🐦 Tweets of the week

If you are interested, I created a Twitter crypto list - Join me!

This week BTC and Gold are continuing to grow…

and big news from my friends at Sorare!


🤹 Startups News

  • Amsterdam-based retail brokerage firm, BUX, announced the ‘soft launch’ of its crypto trading platform is scheduled for the first week of March, but the Dutch fintech doesn’t aim for instant rapid user acquisition. Dubbed ‘BUX Crypto,’ the branded cryptocurrency investment app will begin onboarding early testers in a controlled way to make sure the platform offers stable performance [Source]

🎁 Startups Product & Partnership

  • Italy’s new crypto-powered debit card supplier Bitsa has just expanded its prepaid card with major privacy-focused altcoin Monero (XMR). By enabling Monero support on its Bitsa Card, the company unclocks “all types” of XMR-based card transactions in physical stores and online, including card-to-card transfers and Monero conversion to euro (EUR) [Source]

  • Coinfloor re-focused on BTC

🏢 Corporates

  • Microsoft has tasked a development team to build a decentralized identity system on top of Bitcoin. Dubbed ION, the second layer network, like Bitcoin’s Lightning Network, will feature its own node structure to complement Bitcoin’s own and will be completely open source [Source]

With Bitcoin, one of the biggest elements of this — and this did take some understanding — was security. All of those other use cases being possible is actually a symptom of no one controlling it. What we really made our decision based on was the decentralized nature plus the security. It’s the cost of attack and how you order transactions that’s important. When we started crunching the numbers, we realized that Bitcoin was the only chain that would probably be too costly to attack.

🏦Regulations / Universities

  • The Maltese regulator stated that Binance, originally founded in China, has never been granted the required authorization to offer financial services in or from Malta and is therefore not supervised by the MFSA [Source]

  • Ireland’s Criminal Assets Bureau (CAB) seized 6,000 BTC from a Dublin resident who was accused of growing cannabis on property located in the Wicklow Mountain region. The police found around €450,000 of marijuana plants but the €52 million ($56.1M) of BTC was the biggest single-value asset seizure by the CAB since 1996 [Source]

  • Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator in charge of licensing crypto service providers, Boerse Stuttgart is preparing to offer crypto custody services to institutional investors [Source]

  • Riksbank, the central bank of Sweden, announced on Thursday, the pilot launch of e-krona, aiming to explore the possibilities of issuing a central bank digital currency [Source]

  • Swiss Savers View Cryptocurrencies as Option [Source]

    1. The survey conducted by market research institute Intervista on behalf of Migros reveals that 7% of the respondents in two age groups, 18 to 29 and 30 to 55 years old, now own cryptocurrencies

    2. 13% of the younger participants believe that digital coins will become even more important for them, or state their intentions to invest in crypto in the future, compared to 7% in the second group.

💰Fundings & M&A

  • Crypto blogging platform Steemit is undergoing a big change, migrating from its own Steem blockchain to the Tron network. The struggling crypto blogging platform launched in 2016 and made waves when big name libertarian users began to make thousands of dollars per post. The platform’s heyday was short-lived, however, and after the departure of co-founder Dan Larimer of EOS fame, attempts to rebrand, and layoffs, it has finally ended up in the care of crypto mogul Justin Sun, founder of the Tron platform [Source]

  • Cryptocurrency derivatives exchange Deribit completed its 10% sale of equity, led by QCP Capital and Three Arrows Capital. The Block reported in January that the exchange was looking for buyers of its equity shares at a 9-figure valuation. Deribit is counting on QCP Capital and Three Arrows Capital’s deep Asian ties to help it break into a market that is currently occupied by Asia-based exchanges such as OKEx and FTX [Source]


About the author: Etienne used to head principal strategic investment (Companies, Funds and token investment) at Elwood, One of the largest European digital assets investment firm spun off of Brevan Howard, billion-dollar Macro Hedge fund. Previously, he was part of the founding team at the largest Capital Markets Venture Fund in London, Illuminate Financial

⚡ Crypto trading, the best growth marketing strategy to bootstrap / grow an audience in B2C Fintech⚡

Paxful Interview, Digital Remittances, Binance, BitGo, B2C2, SFOX, Bitbond, Elliptic raised $5m and Wintermute seed round!

Hi Everyone, Thank you for supporting the European crypto ecosystem 🇪🇺.

Thank you for all of those who came to the first Coinscrum Pro last week. We were overwhelmed by the interest from the institutional investor ecosystem. We had over 120 attendees of which 60% from the buy-side. We will share a report laster next week.

We already are planning the next two events in London and one in Switzetland. If you are interested in sponsorship or to give a keynote, Don’t hesitate to reach out!

Etienne Twitter, etienne@blockwyre.com)

ps: don’t hesitate to send me an email if you enjoy this newsletter, Always great to have feedback :) and Subscribe to

Subscribe now


💡Thank you NovitasFTCL for supporting the 🇪🇺 Ecosystem

We want to thank our partner NovitasFTCL, a leading boutique firm of corporate finance advisors to the European Financial Technology sector. 

Based in London, NovitasFTCL has 45+ years of combined experience in the FinTech sector and executed over 120 transactions across Europe including M&As and Fundraisings. 

Do not hesitate to contact me if you want an introduction. 

🕵️‍♂️Crypto trading is the best growth marketing strategy to bootstrap / grow an audience in the B2C Fintech investing ecosystem

  • If you want to build a successful Fintech company you basically have two choices. The first is to build a back-end solution that is a must-have for all front-end Fintech solutions like Plaid or ComplyAdvantage. Here, you sell the building blocks to build a neo-bank.

  • On the other hand, you can build a customer acquisition machine using the building blocks that are now available. However, the customer acquisition in Finance is known to be pretty high (c. $150 / user / new bank account). Hence, Fintech entrepreneurs are focusing on underbanked users or, in other words, the GenZ, Millenia and other unprofitable clients. The bet is that these clients will over time become highly profitable.

  • However, a great user customer strategy is to use crypto trading. You target profitable clients and do not compete with incumbents by offering a unique offering. Let’s look further.

  • The chart above lists the top 19 websites in the investing category ranked by the number of views. Fidelity.com is the most popular *in the world* in this category with 68.1m visits per month of which 98% are from the US!

  • For many Finance folks, none of these names are big surprises. However I would like to highlight two names TradingView and CoinMarketCap

    TradingView #7 is a social network for traders and investors on stock, futures and forex markets. They have about 57m monthly visits and an international user base with the largest country (the US) representing only 13% of their audience.

  • Their growth strategy was very smart: (i) Build something complicated and a must-have for any Fintech stock trading company, i.e. charting, (ii) offer charting for free and with a freemium model, (iii) build a social media platform for technical traders powered by their charting solution. (iv) Obtain world domination in the charting world by leveraging social and trading drivers.

  • It is also worth to note that TradingView was one of the best venture investment in crypto capital markets outside of Binance BNB. The company raised $3m back in 2015 and then raised $37m from Insight Partners, Jump and DRW in May 2018 at a 20x valuation. All of this without a Token!

    CoinMarketCap #18 is the most well-known cryptocurrency market cap ranking website. What’s very impressive is that the company was bootstrapped by a single founder. Today, it has 34m monthly visits and a huge international viewers base with the biggest market (the US) representing only 13%.

  • Let’s look at the rest of the list. What do you see? What does Binance, Etoro, Robinhood, Blockchain all have in common?

  • They all offer crypto / digital assets information and trading execution. In other words, crypto is the best growth marketing strategy to bootstrap / grow an audience in the B2C Fintech investing ecosystem. As crypto assets are (still) highly speculative assets with a high level of volatility, users are checking the price variation multiple times.

  • On the other hand, the incumbents financial investing players lack crypto information and trading capability. You can’t easily find the price of TRON on Fidelity. Hence, you check CoinMarketCap!

  • Most B2C Fintech companies success is only about distribution. Hence, their distribution success is highly improved if they offer a product that is not available by the incumbents. Crypto is perfect.

Cryptocurrencies could be Revolut’s Trojan Horse to get 100 million customers
  • Companies like Revolut, Robinhood, Square Cash and Etoro have all understood this. Let’s talk about Revolut

For Revolut, cryptocurrencies was the most viral product it has launched to-date. The impact of cryptocurrencies was enormous for Revolut and proved a huge hit with Revolut prospective users, resulting in a huge growth in user acquisition. Revolut’s valuation soared to $1.7 billion, three months after the company launched the crypto trading service and its user base has increased by 70% [source]

  • Beyond the simple price information, these Fintech companies have simplified the process of buying digital assets to a few clicks, whereas most crypto exchanges have a clunky user interface and a cumbersome on-boarding process.

Image result for coinbase user 2019
  • You may ask ‘where is Coinbase?’ Well, Coinbase would be ranked #21 in the investing ranking just before Binance. They are the poster child of ‘crypto driven growth user acquisition strategy’ with 30m+ users

  • In summary: If you have a neo-bank company and don’t offer crypto trading then you are missing out of the best growth user strategy.

  • /(la) fin

🐦 Tweets of the week

A great conversation by Boris from Copper!

and meanwhile Transak just launched its global fiat on/off ramp!

🤹 Startups News

  • Bitcoin and Entrepreneurial Philanthropy: A Q&A With Paxful CEO Ray Youssef - Great interview! [Source]

I haven't seen a place where [Bitcoin] can be practically used. If you're going to actually do something on the ground in these places, forget about the blockchain. People are not thinking about it. If you actually want to do something there, we learned you have to work with the instruments that people have there. 

  • The total transaction value of digital remittances, cross-border transfers made over the internet, has reached almost $95.96 billion in 2020, representing a year-over-year increase of more than 21% [Source]

    Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies
  • The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances [Source]

🎁 Startups Product & Partnership

  • Binance Adds Russian Ruble to Its P2P Exchange. The P2P platform now supports three fiats - ruble, yuan, and dong. The P2P platform will allow Binance users to purchase services of Tether, Bitcoin, Ethereum, and Binance Coin with the newly added fiat [Source]

  • California-based digital assets financial service firm BitGo is expanding its global presence by launching 2 new cryptocurrency custodial platforms in Switzerland and Germany. The new custodial companies are aimed at providing BitGo customers with more jurisdictions to choose from, depending on which is most suited for their business [Source]

  • B2C2, a London-based over-the-counter (OTC) market maker, is sharing its data and allowing transactions on the Los Angeles-based exchange aggregator SFOX. [Source]

  • Spanish soccer powerhouse FC Barcelona, or Barca, has teamed up with fintech platform Chiliz to create a blockchain-based token for the sports franchise [Source]

  • Munich-based Bank von der Heydt, established in 1754, had partnered with blockchain financial services provider Bitbond to help integrate tokenization into its established securitization platform. The partnership will allow the bank to tokenize digital securities onto the Stellar blockchain, which it can offer to institutional clients via private placements [Source]

🏦Regulations / Universities

  • The American government’s long-running war on privacy escalated this week following the arrest of Coin Ninja’s Larry Harmon on money laundering charges. A Department of Justice statement that “seeking to obscure virtual currency transactions in this way [using mixers] is a crime” means that bitcoiners risk prosecution simply for exercising their right to privacy [Source]

  • Two letter bombs exploded in the Netherlands on Wednesday and an anonymous criminal is asking for a Bitcoin payment to prevent future attacks, Dutch police say.  The first bomb went off at a postal sorting office in ABN Amro bank in Amsterdam on Wednesday morning. The letter bomb exploded moments after a mailroom worker tossed away the package. “The colleague who was sorting the mail heard a hissing sound, and threw the package away,” Mr. van der Varst said [Source]

  • The German regulator has warned against Nexo – Group, an entity which claims to offer foreign exchange (forex) and cryptocurrency trading. According to the regulator, the entity does not have the authority to do so in the country [Source]

  • Ukraine's Ministry of Digital Transformation has indicated it won't be creating regulations for the crypto mining sector [Source]

💰Fundings & M&A

  • Wells Fargo, the fourth-largest bank in the world, has set its eyes on the blockchain technology sector, making an investment into London-based cryptocurrency compliance firm Elliptic. This was reportedly done by Wells Fargo’s venture unit, to accelerate development of Elliptic’s product that helps banks to assess hundreds of crypto exchanges operating worldwide [Source]

  • Wintermute Trading, a United Kingdom-based algorithmic trading firm, has completed a seed funding round led by Blockchain.com’s venture arm Blockchain.com Ventures [Source]


About the author: Etienne used to head principal strategic investment (Companies, Funds and token investment) at Elwood, One of the largest European digital assets investment firm spun off of Brevan Howard, billion-dollar Macro Hedge fund. Previously, he was part of the founding team at the largest Capital Markets Venture Fund in London, Illuminate Financial

Loading more posts…