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Tornado Cash saga highlights legal issues affecting the crypto market
23.8.2022
As support for Tornado Cash developer Alexey Pertsev mounts, questions regarding the legality of his arrest and the future of DeFi innovation continue to come to the forefront
USDC whale holdings percentage lowest in almost two years
22.8.2022
USDC tokens held by the largest addresses have dropped to a two-year low as Circle freezes Tornado Cash-related assets
USDC whale holdings percentage lowest in almost two years
22.8.2022
USDC tokens held by the largest addresses have dropped to a two-year low as Circle freezes Tornado Cash-related assets
Ethereum’s Pivot to Proof-of-Stake Consensus Worries Users About the Possibility of Protocol Level Censorship
22.8.2022
The upcoming consensus change that Ethereum, the second largest cryptocurrency by market cap, is planning to execute in September has worried many users about the possibility of censorship happening at a protocol level. This means that, even by interacting directly with smart contracts, blacklisted...
Arrest of Tornado Cash Developer Draws Dutch Crypto Community Protest
21.8.2022
After the detention of Alexey Pertsev, campaigners worry holding developers accountable for malicious use of code could have a dangerous, chilling effect
Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction Associations
20.8.2022
According to a recently published report, the decentralized exchange (dex) Uniswap has blocked roughly 253 cryptocurrency addresses allegedly tied to crimes or government sanctions. The information was discovered by the software developer Banteg who analyzed and saved the shared logs from...
#FreeAlexPertsev: Protests Planned for Amsterdam Following Tornado Cash Developer’s Arrest
19.8.2022
The jailed Tornado Cash developer has sparked controversy in crypto. Should open source contributors be held accountable for what others do with their creations?
Wife of arrested Tornado Cash dev forbidden to speak with him — Rally organized
19.8.2022
Speaking with Cointelegraph, Ksenia Malik stated that Dutch authorities are treating her husband as if he were “were a dangerous criminal” and that the creation of open-source software should never be criminalized
Treasury Tornado Cash Sanctions Are ‘Unprecedented’, Warns US Congressman
18.8.2022
With just 28 legislative days left this year, “it’s unlikely that any crypto legislation is going to move,” U.S. Representative Tom Emmer said on CoinDesk TV’s “First Mover” show
Tornado Cash sanctions will ultimately undermine the US and strengthen crypto
17.8.2022
Like any aging empire, America is reacting to its competition
Tornado Cash Fallout: Can Ethereum Be Censored?
17.8.2022
In light of OFAC’s Tornado Cash sanctions, Ethereum's community debates what to do if validators censor sanctioned addresses
Tornado Cash ban could spell disaster for other privacy protocols — Manta co-founder
17.8.2022
The ban of Tornado Cash in the U.S. could have ripple effects across Web3 protocols, particularly ones that offer privacy on the blockchain
The Downside of Sanctioning Tornado Cash
16.8.2022
OFAC’s blacklisting of an Ethereum smart contract stands to compromise innocent users’ privacy while doing little to stop bad actors
Tornado Cash Sanctions Are Spiraling Into Compliance Nightmares
16.8.2022
Crypto privacy mixer Tornado Cash drew attention last week after the U.S. Treasury Department sanctioned the service last week. The implications of complying with the sanctions are starting to sink in with the rest of the industry, raising questions about just what compliance looks like
Tornado Cash US Ban Is ‘Bad Precedent,’ but Monero Was ‘Made for This’: Cake Wallet Exec
16.8.2022
Justin Ehrenhofer, vice president of operations at Cake Wallet, joined CoinDesk TV’s “First Mover,” to discuss the implications of the government regulation when it comes to privacy coins
Tornado Cash shows that DeFi can’t escape regulation
16.8.2022
DeFi developers seriously need to consider working with regulators on compliance issues if they want their projects to succeed
USDT market cap up by $2 billion following Tornado Cash debacle
16.8.2022
Tether's market capitalization has reversed a three-month downtrend while USDC sees a drop in value after the U.S. imposed sanctions against Tornado Cash
Coin Center Says OFAC’s Tornado Cash Ban ‘Exceeds Statutory Authority,’ Plans to ‘Engage’ With US Watchdog
16.8.2022
On August 15, the non-profit that focuses on policy issues facing crypto assets, Coin Center, published a blog post that says the organization is looking at the legality of the recent Tornado Cash sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC)....
Tornado Cash Latest: Community Fights Back Against Sanctions, TVL Dropped 26% Since US Treasury Decision
16.8.2022
An increasing number of crypto and privacy advocates are attempting to fight back against the United States Treasury's decision to ban the popular crypto mixing service Tornado Cash.
Most recently, the Electronic Frontier Foundation, a nonprofit organization defending civil liberties in...
Coin Center may challenge US Treasury's sanctions on Tornado Cash in court
15.8.2022
“By treating autonomous code as a ‘person’ OFAC exceeds its statutory authority,” said Coin Center's Jerry Brito and Peter Van Valkenburgh