Daniel Kuhn is a deputy managing editor for Consensus Magazine. Meme coins, ransomware and grift. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity. The Latest. It is comically villainous.
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Read MoreSubscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. It is comically villainous. It would be unseemly � as unseemly, say, as a legislator who actively trades stocks. Indeed, because no crypto exchange performs standard know-your-customer KYC checks or works with on-chain analytics companies to monitor for illicit activity or terrorist financing, the entire blockchain sector is simply a big black box presumably filled with fraud. And what exactly are the costs of crypto? This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. Nevermind that companies like Chainalysis or Elliptic routinely find that the vast majority of crypto use is legitimate or at least not explicitly illicit.