Crosschain Laundering Rises 200% in Two Years to $21B: Elliptic

At least $21.8 billion in illicit or high-risk crypto has flowed through crosschain swaps, up from $7 billion in 2023, according to estimates by UK-based blockchain analytics firm Elliptic. Elliptic attributes 12% of those movements to North Korea. Crosschain swaps were once a niche activity reserved for advanced traders and decentralized finance (DeFi) users, but…

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Vitalik Buterin proposes minimalism as key to layer-2 blockchain success

As layer-1 networks face pressure to maintain relevance, Ethereum proponents suggest a new path forward: becoming a layer-2 on Ethereum.  On Monday, Jason Chaskin, who leads app relations and research at the Ethereum Foundation, sparked a conversation after saying that most layer-1s will become Ethereum layer-2s. He pointed to Celo’s recent transition as a blueprint. …

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Vitalik Buterin proposes minimalism as key to layer-2 blockchain success

As layer-1 networks face pressure to maintain relevance, Ethereum proponents suggest a new path forward: becoming a layer-2 on Ethereum.  On Monday, Jason Chaskin, who leads app relations and research at the Ethereum Foundation, sparked a conversation after saying that most layer-1s will become Ethereum layer-2s. He pointed to Celo’s recent transition as a blueprint. …

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