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Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements

Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto RequirementsThe Swiss financial regulator has published its updated anti-money laundering (AML) ordinance, noting it’s extending the coverage to include blockchain trading platforms. It also clarified certain reporting and identification requirements that apply to crypto transactions. Financial Authorities Adjust Swiss Anti-Money Laundering Rules Concerning Crypto Transfers Following consultations that started earlier this year, the Swiss Financial […]

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Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer

Ethereum's Average Gas Fees Jump More Than 80% Higher Nearing $5 per Transfer26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75 per transaction. Ethereum’s Average Gas Fees Jump Over 80% […]

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Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%

Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from smart contract platform tokens and decentralized finance (defi) protocols. One sector of the defi ecosystem that’s recorded heavy losses this year is the blockchain oracles […]

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