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[Indian Revenue Intelligence: Stablecoins Become Primary Financial Tools for Drug and Gold Smuggling] The Indian Revenue Intelligence (DRI) warned in the '2024-25 India Smuggling Report' that cryptocurrencies and stablecoins are gradually replacing the hawala network as the primary means of fund transfer for drug and gold smuggling. The report states that due to their decentralized, anonymous, and borderless nature, digital assets provide smuggling groups with fast anonymous settlements, minimal regulation, and weak anti-money laundering compliance. A case uncovered by the DRI revealed that a transnational gold smuggling syndicate laundered over $12.7 million through hawala and USDT. The mastermind utilized multiple crypto wallets to layer funds and communicated via VPNs and encrypted applications.

[Bitcoin Network Hashrate Dropped 18.68% This Week, Price Rose 8.34%] On December 5, according to F2pool data, Bitcoin network hashrate dropped 18.68% this week, falling to 927.57 EH/s; during the same period, Bitcoin price rose 8.34%.

[Zcash Co-Founder and Michael Saylor Discuss Bitcoin Privacy Feature Differences] StarkWare CEO and Zcash Co-Founder Eli Ben-Sasson revealed in a post on the X platform that during his first conversation with MicroStrategy Founder and Executive Chairman Michael Saylor, they discussed Starknet's mission and the economic development of Bitcoin. They also exchanged views on Bitcoin's privacy features. Saylor stated that Bitcoin should not adopt a privacy model similar to Zcash to avoid the risk of being banned by sovereign nations. Ben-Sasson, on the other hand, argued that privacy and key viewing could be compatible. Additionally, the two discussed the implementation of OP_CAT, with Saylor expressing concerns about changes happening too quickly, while Ben-Sasson believed that ten years of research had been sufficient and further delays were unnecessary.

The National Bank of Canada, with assets of $398 billion, disclosed that it holds $270 million worth of Bitcoin exposure through MicroStrategy. （The Bitcoin Historian）