“Bring back Tone Vays” — a news podcast with the ForkLog editors and friends of ForkLog about the main industry events of the week.
Topics of the episode: the role of cryptocurrency in financing terrorists, the fake news about approval of the spot Bitcoin-ETF, KYC-code inside Uniswap.
Participants: Lena Jess, Vasily Smirnov.
Special guest: Alex, co-founder of iMe & Attractor.
Financing Terrorism
Against the backdrop of the escalation of the Palestinian-Israeli conflict, The Wall Street Journal published an article on financing extremist groups through cryptocurrency, giving particular attention to the crypto exchange Garantex and the decentralized platform Sunswap. Later, Chainalysis analysts doubted the publication’s methodology.
Many market analysts point out that such accusations of money laundering will serve as leverage for further regulatory pressure on the cryptosphere.
False Signals
On October 16, Cointelegraph reported on the approval by the U.S. Securities and Exchange Commission of a spot Bitcoin ETF by BlackRock. After publication, the price of the leading cryptocurrency breached the $30,000 mark, but it soon turned out that the report was a fake. The publication issued a press release with apologies:
“It was a lie, the result of misinformation. The source of the news was an unverified screenshot from a user on X who claimed that he took it from a Bloomberg terminal,” the text says.
Against the backdrop of the news, the expectation of an SEC decision on the Bitcoin ETF is rising: according to Google Trends data, the number of searches for the phrase ‘spot Bitcoin ETF’ reached historic highs.
KYC in Uniswap
In the fourth version repository of the decentralized exchange Uniswap discovered a feature that enables configuring a KYC verification process. The community saw this as a centralization risk.
The platform also introduced swap fees of 0.15%, which was also met with ambiguity. Some experts see this move as another step away from decentralization.
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