Crypto Recap March 16: Major ETH update underway and Anchorage lays off 20% staff

In this video, Axel discusses the latest developments in the cryptocurrency market. He does this on the basis of reporting and technical analysis. This way you are quickly informed of the latest important crypto-related events. Let’s see the latest news.

In the video above, Axel informs you within a few minutes about all kinds of news and developments in the cryptocurrency market. Today he is talking about Europol seizing 44 million euros in bitcoin. Axel also talks about the Shanghai Ethereum upgrade, the last major testnet upgrade of which is now complete.

Anchoring issues are also discussed. This crypto bank plans to lay off 20% of its current workforce. What is the reason for this?

Make use of currency converters

Together with the German and US authorities, Europol launched a coin mixer. They seized four servers, 1,909 bitcoins and 7 terabytes of data. This data must prove money laundering. These coins are worth $50 million at current bitcoin prices.

According to the press release, it is ChipMixer that offers Coinmix services. It allows users to obscure their transactions. Such a coin scrambler throws hundreds of transactions into a digital scrambler and more transactions are produced. This makes it virtually impossible to trace the sender of a transaction.

These types of services are considered dangerous by the authorities due to the possibility of money laundering and anonymous terrorist financing. Law enforcement is cracking down on coin scramblers.

Stay informed!

Curious about the rest of today’s crypto news? Then quickly click the play button on the video above!

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