Tag: censorship

Aug 19 2022

FTX backtracks on FDIC insurance but fails to delete all references

Aug 19 2022 Published at CryptoSlate under tags  censorship insurance legal

Following the demands from the FDIC for FTX to cease making misleading statements about FDIC insurance, FTX CEO Sam Bankman-Fried took to Twitter to undertake crisis management. SBF stated that the message was "getting garbled" regarding actions taken by FTX to distance itself from protocols that may not comply with U.S. sanctions. To be...

FTX users complain about fund freezes after interacting with privacy protocol Aztec Network

Aug 19 2022 Published at CryptoSlate under tags  censorship privacy

FTX has allegedly warned users against interacting with high-risk services as complaints surfaced that the exchange is blocking accounts that interacted with zk money on the Aztec network. Chinese journalist Colin Wu reported Aug. 19 that a user's account was frozen for making a transfer to his zk money account....

Aug 17 2022

Bitcoin Lightning Network at regulatory risk after Tornado Cash saga

Aug 17 2022 Published at CryptoSlate under tags  censorship featured layer2 privacy regulation

Policy Advisor Patrick Hansen posted his thoughts on the regulatory risk now facing the Bitcoin Lightning Network following sanctions against crypto mixer Tornado Cash. U.S. authorities added Tornado Cash to the Office of Foreign Assets Control (OFAC) sanctions list on...

Aug 16 2022

TRM Labs ‘does not engage in any’ blocking of sanctioned addresses, only provides ‘risk data’

Aug 16 2022 Published at CryptoSlate under tags  censorship featured regulation

TRMIn the wake of dusting attacks following the Tornado Cash sanction, TRM Labs issued a statement clarifying how DeFi platforms leverage its data to block affected wallet addresses. DeFi protocol Aave said on August 14...

Vitalik wants to burn the staked Ethereum of sanction complying validators

Aug 16 2022 Published at CryptoSlate under tags  censorship people

In a recent Twitter poll on Ethereum censorship, Vitalik Buterin revealed that he voted to punish validators complying with censorship requests by burning their staked tokens. Ethereum co-founder champions censorship-resistant approach The poll was held by software engineer Eric Wall, who asked the Ethereum...

Aug 14 2022

Aave confirms TRM Labs API blocked “dusted” Ethereum wallets – access restored

Aug 14 2022 Published at CryptoSlate under tags  censorship defi dex legal outage

Aave has confirmed that the ban list provided by TRM Labs included Ethereum wallets that had been "dusted" with 0.1 ETH through Tornado Cash. The falsely flagged wallet addresses have now been removed from the "sanctioned" addresses and are again able to connect to the Aave front-end. The ban issued by Aave only stopped users from interacting with its IPFS-hosted web interface...

Aug 13 2022

Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe

Aug 13 2022 Published at CryptoSlate under tags  censorship crime legal regulation

CryptoSlate spoke exclusively with a member of the Tornado Cash team who has been granted anonymity for their own protection and will be referred to as "TC Member" for the sake of this article. The Tornado Cash contributor told CryptoSlate's Akiba that "multi-sigs shut down the DAO… we're all out. Better safe than sorry, unless it all calms down a bit." Tornado Cash...

DeFi protocols Aave, Uniswap, Balancer, ban users following OFAC sanctions on Tornado Cash

Aug 13 2022 Published at CryptoSlate under tags  censorship defi dex technology web3

Several decentralized applications on the Ethereum network have implemented code changes to revoke access from "sanctioned" addresses. The currently identified protocols are Aave, Uniswap, Ren, Oasis, and balancer. Banteg from Yearn identified the GitHub repositories in question via a Tweet early Saturday morning. when defi apps started snitching on...

Mar 24 2022

If Bitcoin Dies, Freedom Dies With It

Bitcoin’s prolonged stability and global adoption are not only beneficial, but necessary for free societies to thrive.This article was inspired by Max Gagliardi’s thread on Twitter. The Bitcoin community is one of the most passionate, idealistic and driven groups of people on the internet. Besides a...

Mar 23 2022

Going Nuclear: Civil Justice System And The Bitcoin Dispute Resolution Paradigm

Exploring how Bitcoin’s non-confiscatable nature will introduce a paradigm shift in dispute resolution and the civil justice system.Conflict is part of human nature. Civilizations are defined by how they resolve disputes. Hamurabi’s code was notorious for its merciless application of “an eye for an eye.” Autocrats from King Solomon to James I meted out rough justice in royal courts, often arbitrarily, and...

Mar 18 2022

As YouTube Bars Russian Creators, Bitcoin Offers A Sovereign Alternative

As centralized platforms like YouTube block Russian civilians from monetizing their work, the need for Bitcoin grows.Who should have the right to deny another the capability to earn an income? Law enforcement? A government? Where is the line, and how do we determine when things have been taken “too far”?Should any individual, or group of individuals, actually possess such power? YouTube,...

Barbra Streisand And Bitcoin: How Political Missteps, Censorship And War Are An Opportunity For The U.S.

Many governments are purposefully or accidentally introducing their citizens to Bitcoin and sovereign theory through their decisions.Part One: The Barbara Streisand Effect If you haven’t explored the California Coastal Records Project (resource), you should. The website hosts nearly half a terabyte of images, approximately 100,000 in all, which include,...

Mar 17 2022

Wasabi Wallet Parent Company Explains Decision To Censor Bitcoin Transactions

zkSNACKs, the company behind the privacy-focused Wasabi Wallet, explained its decision to censor certain Bitcoin UTXOs from using its CoinJoin service.Privacy-focused Bitcoin wallet Wasabi Wallet announced on Sunday it would start preventing certain unspent transaction outputs (UTXOs) from joining its CoinJoin rounds, sparking...

Mar 15 2022

Wasabi Wallet’s CoinJoin Will Not Serve Blacklisted UTXOs. Samourai Responds

The rivalry between Wasabi and Samourai wallets rages on. That shouldn’t be the headline, though. This story is about privacy, censorship, and regulatory pressure. It all started with Wasabi’s simple announcement, “The zkSNACKs coordinator will start refusing certain UTXOs from registering to coinjoins.” Translation: the company that runs the centralized coordinator that organizes CoinJoin transactions will not let tainted...

Mar 11 2022

Zion Hopes To Decentralize Social Media With Bitcoin’s Lightning Network

The founder of Bitcoin-based social media network Zion discusses censorship, Lightning nodes and the creator economy.Recently, I spoke with Justin Rezvani, the founder of Zion, a decentralized, open-source, utility-based social media protocol that is built on top of Bitcoin.The conversation focused primarily around why Zion is necessary, rather than what Zion is, and I found that to be telling about the...

Mar 03 2022

MetaMask blocks Ethereum transactions in several jurisdictions citing compliance issues

Mar 03 2022 Published at CryptoSlate under tags  censorship consensys defi infura metamask

MetaMask has blocked users from certain jurisdictions from accessing its services and interacting with Ethereum. Users from Venezuela and Iran have begun reporting problems with accessing their digital wallets earlier today, with hundreds of users saying none of their transactions sent through MetaMask were realized. First instances of bans were noticed on OpenSea,...

Feb 19 2022

Hopefully, Bitcoin Will Increase Incentive For Cooperation

As Western powers attempt to stifle free speech and protest, Bitcoin may be our only hope to incentivize cooperation.The below is a direct excerpt of Marty's Bent Issue #1165: "Censorship, microwaves and warmongering." Sign up for the newsletter here....

Feb 16 2022

As Freedom Convoy Gets Stronger, Canada Broadens 'Terrorist Financing' Rules

With Canada's "Freedom Convoy" of truckers successfully blocking commerce, officials are taking stronger measures to censor bitcoin donations.The below is a direct excerpt of Marty's Bent Issue #1163: "If at first you don't succeed label peaceful protestors 'terrorists' and forcibly take their money."...

Feb 08 2022

Tucker Carlson Explains Bitcoin’s Value Proposition In U.S. National TV

The Bitcoin For Truckers campaign made it on Tucker Carlson Tonight, the controversial and conservative TV host’s show on Fox News. The most important thing, though, it’s that Bitcoin’s value proposition shined bright in the mere center of his speech. Say what you will about Tucker Carlson, but this is the kind of advertising money can’t buy. Related Reading |...

Jan 28 2022

EU seeks to develop a government DNS resolver, block “illegal content”

Jan 28 2022 Published at CryptoSlate under tags  censorship crime dns eu legal

In a document made public earlier this month the European Commission published a call-for-proposal for a European government controlled DNS resolver service. The reasoning behind the proposal is to protect the privacy of end-users and keep them secure by applying filtering functions to block malware, phishing and other cyber...

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