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The cool side of the blazing crypto ecosystem.
A Crypto newsletter covering the latest news that matters.
What’s in today’s cooler:
Market Monday Update
US DOJ Will Double its Crypto Enforcement Team
Federal Reserve Bank Hiring for CBDC Project
More On Tap News
Market Monday Update
Market Price - Monday 8:00 am PST
US Department of Justice Will Double its Crypto Enforcement Team
The United State Department of Justice is set to expand its digital asset crime enforcement teams in the near future to reduce digital asset related crimes.
On July 20th the Principle Deputy Assistant Attorney General stated, the National Crypto Enforcement Team, NCET, will be apart of the criminal devision going forward on all cryptocurrency-related investigations. Also, they would now merge with the Computer Crime and Intellectual Property Section, CCIPS.
The NCET is ready to grow and be ready by tracking criminals through their crypto transactions and freezing assets, “before they go to Russia and other ransomware hotspots.”
“I think over the last couple of years what DOJ has realized is that we’ve moved to a digital battlefield, where wars are fought on blockchains. The reality is if this is the future, every prosecutor, every investigator, is going to need to understand these cases.”
All of this news is great for the space and hits the nail on the head. Most hackers are not from the US and are stealing tons of money. Also, the fastest and easiest way to get money is through crypto and many people get away with it. Hopefully the DOJ hires some good and smart people!
Federal Reserve Bank Hiring for CBDC Project
San Francisco’s Federal Reserve Bank is looking for a Crypto Architect for a Central Bank Digital Currency project. This has been reveled through their job posting seen on the Federal Reserve System Career page, and through job posting sites like LinkedIn and Indeed.
LinkedIn Post for Sr. Crypto Architect
Important things to note from the job posting,
“We are looking for a Lead Application Developer to implement example systems related to a CBDC. You will engage directly with management, other developers on the team, development operations teams, and vendors to ensure the Federal Reserve is well-positioned to design, develop, and implement technology to support a CBDC as may be required by the Board of Governors.”
Although the Federal Reserve Board has stated they are not sure yet if they want to issue a CBDC. Since February they have been looking for others to join and implement systems related to a CBDC.
Supposedly this role has been up for 30+ days, so we will see where this leads.
On Tap News
Nasdaq is Backing Out of Custody Service - Headlines say bad news and worse for crypto.
Coinbase Protocols Lead has Bold Claim for 8 Billion On-Chain - Not sure how, 8 billion people, 2.9 who don’t have internet access, 8-2.9 = 5.1??
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Disclaimer: The information shared in this newsletter is for informational purposes only and should not be considered financial advice. It is crucial to conduct independent research and consult with a financial advisor before making any investment decisions.
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