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Irish police have seized cryptocurrency worth €6.5 million ($7.1 million) from a trio in Dublin who have been arrested on suspicion of aiding an illegal dark web and money laundering operation.  The Garda National Cyber Crime Bureau announced today that it seized crypto, including bitcoin and Monero, alongside a €120,000 ($131,000) luxury watch and two vehicles worth €220,000 ($240,000). Police swooped on an address in Dublin on Monday, arresting two men, aged 23 and 49, and one woman, aged 32.  The men are accused of aiding a criminal organisation to commit a serious offence while the woman is accused of offenses under the Money Laundering and Terrorist Financing Act 2021. Detective Superintendent Michael Mullen said the arrests “are the result of a highly complex investigation into criminal darknet marketplace activities by specialist investigators.”  News that never happened: Governments buying bitcoin reserves Read more: UK hacker jailed over $900K Coinbase login scam...

Source: AdobeStock / ugiss   The European Commission , the EU’s executive branch that proposes legislation and implements decisions, is digging deeper into decentralized finance (DeFi) – and is looking to study Ethereum (ETH) data to do so. The Commission has submitted a document per which it seeks, as it says, “A pilot project to develop, deploy and test a technological solution for embedded supervision of [DeFi] activity.” The document does not provide a lot of details, but it does go on to explain that the project would involve data on Ethereum. Called the ‘Study on Embedded Supervision of Decentralised Finance’, “The project will seek to benefit from the open nature of transaction data on the Ethereum blockchain, which is the biggest settlement platform of DeFi protocols. Its main focus will be on automated supervisory data gathering directly from the blockchain to test the technological capabilities for supervisory ...