The Netherlands Crime Agency (FIOD) announced today that it had apprehended a “suspected developer” of Tornado Cash. Tornado Cash is the Ethereum-centric mixing service that was sanctioned by the United States Treasury earlier this week. An individual who was 29 years old was taken into custody by the FIOD in Amsterdam on August 10th. “He … Read more
The UN Conference on Trade and Development (UNCTAD) warned that cryptocurrencies are a volatile financial asset with the potential to have detrimental societal repercussions. This policy brief aims to investigate the variables that have contributed to the rapid acceptance of cryptocurrencies in developing nations. These considerations include the convenience of sending remittances as well as … Read more
KuCoin, a cryptocurrency exchange situated in Seychelles, has cooperated with data aggregator 1inch DeFi to add native token swap capability to its internal wallet. KuCoin has released a decentralized product named KuCoin Wallet Through GameFi, Decentralized Finance (DeFi), and Non-Fungible Tokens (NFTs) functionalities, KuCoin Wallet offers consumers encrypted services for a convenient Web3.0 experience. To … Read more
Bloomberg reports that the sale of the founder of Huobi Group’s controlling interest in the cryptocurrency exchange may be the biggest takeover in the sector since the start of a $2 trillion global crypto crisis. Leon li is negotiating with several investors to sell a stake valued at approximately $3 billion, or 60% of the … Read more
Binance had decided to take action and become involved by monitoring what was happening at Curve. The majority of the cash that cybercriminals took through the DeFi protocol Curve Finance earlier this week has reportedly been frozen or recovered, as stated by the CEO of Binance, Changpeng Zhao. CZ disclosed on the 10th of August … Read more
The Fight Against Tornado Cash Is Only in the beginning. This past week, the United States government delivered a devastating blow to the entirety of the cryptocurrency industry. Tornado Cash, a cryptocurrency mixer, was sanctioned by the Treasury Department, along with several crypto wallet addresses affiliated with the service. Because of this, the protocol and … Read more
The price of Ethereum has surpassed $2,000 as the network nears the merge event. According to data provided by CoinMarketCap, the cryptocurrency known as Ethereum (ETH) kept its upward momentum and, late on Friday night, recaptured the level of $2,000 for the first time since May. At the time of this writing, the value of … Read more
It was announced on Wednesday that the government of Uzbekistan had restricted access to a number of large international cryptocurrency exchanges due to allegations of non-licensed activity. This comes after the government of Uzbekistan had previously made significant strides toward a more moderate approach to cryptocurrencies. In a statement dated August 10, the National Agency … Read more
A civil enforcement action was brought against a man by the Commodity and Futures Trading Commission (CFTC) today. The guy is accused of conducting a Bitcoin Ponzi scheme with a total value of $12 million in order to fund his extravagant lifestyle. Rathnakishore Giri of New Albany, Ohio, is accused of pretending to be a … Read more
It appears that the Discord server and Tornado DAO governance forum that were tied to the crypto mixing service Tornado Cash, which was recently sanctioned, have been disabled. The Office of Foreign Assets Control of the United States Treasury blacklisted Tornado Cash on Monday. Tornado Cash is a mixing tool that focuses on Ethereum transactions. … Read more