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Russian Foreign Minister Sergey Lavrov Explains ‘Multipolar’ World View in Brazil
19.4.2023
Sergey Lavrov, the Russian foreign minister, started his tour of Latin America on April 17, landing first in Brasilia to hold high-level talks with Brazilian President Luiz Inacio ‘Lula’ da Silva and Brazilian Foreign Minister Mauro Vieira. Lavrov insisted that Russia was building...
How OFAC’s Tornado Cash Sanctions Violate U.S. Citizens’ Constitutional Rights
18.4.2023
In filing a “friend of the court” brief, the Blockchain Association argues that financial privacy is fundamental – even in the digital realm
US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony
17.4.2023
U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets. According to Yellen, the government tries to use sanctions “judiciously,” as they can create a desire to find...
China Opposes Recent US Sanctions for Chinese Firms, Criticizes ‘Long-Arm’ Jurisdiction Policies
17.4.2023
The government of China protested the enactment of sanctions on a series of national companies by the U.S., barring them from doing business with U.S.-based entities for allegedly collaborating with Russia. China’s Commerce Ministry criticized the move, saying it is a “typical form...
Coinbase supports new court action to remove Tornado Cash ban
6.4.2023
The motion is part of a broader effort to restore internet privacy rights for U.S. citizens
Latest Ethereum Blocks Suggest Validators Are Reversing Censorship
22.3.2023
Non-censoring relays such as Agnostic and ultra sound are delivering more data blocks on Ethereum than Flashbots, the one-time king of MEV-delivering relays
Tornado Cash Fork, Privacy Pools, Deployed on Optimism Testnet
6.3.2023
Privacy Pools uses zero-knowledge proofs to prove that funds in anonymous transactions are not linked to criminal activity, such as North Korea’s $625 million hack on Axie Infinity
Crypto Crime Hit All-Time High of $20.6B in 2022: Chainalysis
27.2.2023
Kim Grauer, the blockchain sleuthing firm's head of research, told CoinDesk TV sanctioned activity and hacking were the driving forces behind the rise in illicit transaction volumes last year
Lendhub protocol exploiters spotted shifting $3.85M into Tornado Cash
27.2.2023
Despite the sanctions on the crypto mixing service, the bad actors behind January's biggest exploit have deposited millions worth of funds into Tornado Cash
Fewer Than Half of New Ethereum Blocks Over the Past 24 Hours Are OFAC Compliant
14.2.2023
For the first time since October, fewer than 50% of blocks added to the Ethereum blockchain over a 24-hour period are OFAC compliant, partially thanks to more non-censoring options that make up a larger share of the blockspace market
‘Ultra Sound’ Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-Stake
29.12.2022
Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only...
Treasury officials would have done more for national security by leaving Tornado Cash alone
5.12.2022
Tornado Cash contributes to our national security interests more than it undermines them
Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations
30.11.2022
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchange has agreed to remit $362,159 to settle its potential civil liability and invest an additional...
Don’t Forget the Importance of Censorship Resistance
29.11.2022
Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer feature. I’m talking about censorship...
US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator
12.10.2022
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The crypto exchange was accused of sanctions violations and failure...
45% of ETH validators now complying with US sanctions — Labrys CEO
30.9.2022
Labrys CEO Lachlan Feeney is trying to raise awareness amongst validators running Flashbots’ software that they may potentially be contributing to censorship within the Ethereum network
Github Partially Reinstates Tornado Cash Codebase, Open Source Code Set to Read-Only Mode
24.9.2022
The internet hosting and software development subsidiary of Microsoft, Github, has partially unbanned the Tornado Cash repositories following the recent sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Github’s decision follows the U.S....
Tornado Cash left a void, time will tell what fills it — Chainalysis chief scientist
22.9.2022
There’s a hole to be filled where Tornado Cash once was, and “junior mixers” are vying for position in the wake of the mixers sanction and ban by the U.S. Treasury
OFAC Sanctions 7 New Bitcoin Addresses Allegedly Associated With Iran-Related Ransomware Activities
14.9.2022
The Treasury’s Office of Foreign Asset Control (OFAC) has published a specially designated nationals list update (OFAC’s SDN List) that lists a number of individuals accused of being involved with Iran-related ransomware. The list further shows seven bitcoin addresses that...
500,000 DAI From DAO Maker Exploit Was Sent Through Tornado Cash, Security Analysts Report
9.9.2022
On September 8, the crypto security and smart contract auditing firm Certik revealed that 500,000 DAI was sent through the Tornado Cash mixing platform after the funds were stolen in August 2021. The digital assets originally stemmed from the DAO Maker breach that saw the loss of more than...