tl;dr
A new report by the European Union Innovation Hub for Internal Security, including EU law enforcement agency Europol, highlights that the Lightning Network and other privacy-enhanced blockchain tools are impeding law enforcement's ability to trace proceeds of 'crypto' crime. The report emphasizes co...
The Lightning Network is creating challenges for law enforcement in tracing proceeds of 'crypto' crime, according to a new report from Europe's top law enforcement agencies. The report emphasizes the complexities posed by Layer 2 applications like Blockstream's Lightning Network and the use of encryption in blockchain transactions.
The European Union's report on encryption highlights the obstacles it presents for criminal investigations and emphasizes the need for a balanced approach between data privacy and lawful interception. Europol has been sounding the alarm over privacy-enhanced blockchain tools, flagging concerns about the use of privacy coins, mixers, and layer 2 applications in blockchain transactions.
France's financial regulator, Autorité des Marchés Financiers (AMF), also emphasizes the high risk of money laundering and terrorist financing in the digital assets sector, warranting close monitoring. The AMF report flags the susceptibility of digital assets to misuse in illicit activities, stressing the need for vigilance in the sector.
The Lightning Network, designed to bring about small-scale retail use cases for BTC tokens, has encountered challenges, including additional fees and technical limitations. The report also raises concerns about the potential unworkability of the Lightning Network in the face of growing on-chain fees.
The report concludes with a cautious outlook on the digital assets sector, highlighting the vulnerabilities and risks associated with its transnational and immediate nature of transactions. It emphasizes the need for robust monitoring and regulatory oversight to mitigate the misuse of digital assets in illicit activities.
Despite the challenges posed by the Lightning Network and privacy-enhanced blockchain tools, the report provides insights into the ongoing efforts to achieve a balanced approach between data privacy and lawful interception, thereby fostering a more secure and regulated digital assets sector.
For more information on blockchain technology, check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.
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The Relative Strength Index (RSI) stands at 2.602, indicating a neutral position. The stock is currently below the 200-day moving average of -0.901.
The trading volume for C3 was 310,582,000, with a beta of 0.196.
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Sector: Technology
Industry: Services-Computer Processing & Data Preparation
Market Cap: 542,047,000
Dividend Yield: None
EPS: 1.323
P/E Ratio: -0.491
Volume: 502,400,000
Current Price: 6.75
52-week High: 0
52-week Low: 0.171
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Industry: FINANCE SERVICES
Volume: 157,304,000
Current Price: $15.11
52-Week Range: $5.56 - $15.11
Support Level: $2.307
Resistance Level: $2.499
Change: -0.79
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Revenue: 1810312000
Profit Margin: -0.06
Earnings per Share (EPS): 2.179
Return on Equity (ROE): -0.0532
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Dividend Yield: 12
P/E Ratio: 0
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Dividend Yield: None
P/E Ratio: 1.51
52-Week Range: $87.00 - $132.36
RSI (14): 0.087
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EPS: $37.91
Change from 50-Day Moving Average: -0.378
Change from 200-Day Moving Average: 0.364