The U.S. Treasury has sanctioned five cryptocurrency addresses tied to an extremist Russian paramilitary group. Russian Extremist Group Faces Sanctions A Russian extremist group has had its crypto wallets sanctioned....
Summary: The U.S. Treasury Department provided conditions for domestic users who wish to withdraw from sanctioned crypto mixer Tornado Cash. U.S. Citizens with deposits in the Ethereum-based service may apply for a license with the Office of Foreign Assets Control. The license requires users to share otherwise private information regarding their transactions. Tornado Cash users in America with incomplete transactions on the Ethereum-based...
A month after it first added Tornado Cash to its sanctions list, the Treasury Department has acknowledged that the protocol was not only used by cybercriminals. New Guidance for Law-Abiding...
Traits inherent to Bitcoin create financial transparency — but with proper usage, Bitcoin users can retain the necessary privacy to preserve freedom.This is an opinion editorial by Kudzai Kutukwa, a passionate financial inclusion advocate who was recognized by Fast Company magazine as one of South Africa’s top-20 young entrepreneurs under 30....
The previously sanctioned crypto mixer app Tornado Cash used to increase the anonymity of crypto funds for privacy concerns, still is being used by hackers. Two blockchain security and research firms, Peckshield and Certik, have detected the transfer of stolen funds of the DAI Maker exploit that happened in August 2021 and lost...
The Iranian Minister of Industry, Mine, and Trade, Reza Fatemi Amin, has declared that the governments new cryptocurrency law would enable Iranian businesses to use crypto instead of the U.S....
Andrew Hinkes, partner at K&L Gates and adjunct professor at NYU, and Martin Koeppelman, cofounder of Gnosis, talk about the sanctions on Tornado Cash, how they will impact Ethereum on the base layer, and the likelihood of having two chains. Show highlights: the legal meaning of the OFAC sanctions on Tornado Cash and why it is causing complications how legislation is built for...
The U.S. Treasurys decision to sanction a piece of software presents a divergence from previous OFAC precedent, claims Rep. Tom Emmer (R-MN). Sanctions Questioned A U.S. lawmaker is questioning the...
Kraken CEO Jesse Powell has objected to recent U.S. sanctions against addresses tied to the Tornado Cash coin mixer. Kraken Leader Defends Tornado Cash Jesse Powell has criticized sanctions against...
Tornado Cash developer Alexey Pertsevs arrest is being met with fierce criticism from the crypto space on Twitter. Prominent community members fear this may indicate an impending crackdown on privacy....
Jerry Brito, executive director of Coin Center, talks about Tornado Cash, why it was sanctioned, and what this means for privacy in crypto. Show highlights: what Blender.io is and how it relates to Tornado Cash how hackers have used Tornado Cash to launder money whether the Office of Foreign Assets Control made a mistake, according to Jerry how...
What Ethereum’s Tornado Cash protocol being blacklisted by the government means for Bitcoin, and how to read the consumer price index print.This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Dylan LeClair and Sam Rule to talk about the recent Tornado Cash sanctions by the U.S. Treasury....
The U.S. Treasury sanctioned the Tornado Cash mixing tool, setting a precedent for blocking financial privacy and censoring open-source code....
What Ethereum’s upcoming fork can teach us about governance, stablecoins, centralization bottle-necks and the ever-important U.S. dollar system.This is an opinion editorial by Mark Goodwin, director of print editorial at Bitcoin Magazine.I know it pains some of your laser eyes to even see the word Ethereum printed, and while I respect that to a degree, the lessons being learned by the...
The Treasury dropped a bombshell this week when itannouncedthat OFAC had sanctioned Ethereums top mixing tool, Tornado Cash. It should go without saying that the implications of this move are...
Someone has been using Tornado Cash to withdraw ETH into the wallets of several high-profile crypto personalities following yesterday's sanctions by the U.S. Treasury.The implications of the stunt are far...
In a major move, the US Treasury has sanctioned Tornado Cash, a virtual currency mixer, after news of money laundering of more than $7 billion cost of virtual currency since its foundation in 2019. Tornado Cash Blacklisted by US Treasury...
Iran's Payman-Pak didnt reveal any details about the imported goods or the specific cryptocurrency used in the transaction. Iran Makes First Import Using Cryptocurrency Iran has revealed its first use...
A report says that despite a company ban and economic penalties on Iran, the largest cryptocurrency exchange Binance continued to serve Iranian customers. Binance Under Fire In spite of Iran being added to Binance's blacklist of countries it would not do business with, local traders reportedly continued to do so, according to a...
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