Martin Köppelmann, Co-founder of Gnosis, created a smart contract that will detect whether censorship at the protocol level of Ethereum is currently taking place. The script works by a user calling th...
Tag: sanctions
Congressman Tom Emmer Pens Letter to Treasury Secretary Yellen on ‘Unprecedented’ Tornado Cash Sanctions
US Congressman Tom Emmer of Minnesota is seeking clarity on the Office of Foreign Assets Control’s (OFAC) recent banning of crypto mixer Tornado Cash. In a letter addressed to Treasury Secretary Janet...
Tether may be in violation of US sanctions on Tornado Cash
Tether, the world’s largest stablecoin by market cap, may be in violation of U.S. Treasury sanctions on Tornado Cash, according to the Washington Post. Tornado Cash falls foul of the U.S. Treasury On ...
U.S. Congressman Demands Treasury Secretary Janet Yellen’s Explanation For Tornado Cash Sanctions ⋆ ZyCrypto
Advertisement     Earlier this month, the United States Treasury sanctioned privacy-tool Tornado Cash on allegations it helped the notorious North Korean state-sponsor...
Congressman demands answers from Yellen on Tornado Cash sanctions
Crypto booster Congressman Tom Emmer is demanding answers from Treasury Secretary Janet Yellen for the agency’s recent Tornado Cash sanctions. The Republican from Minnesota took aim at the Treas...
Treasury Must Clarify Tornado Cash Sanctions, Congressman Says
Sanctioning open-source code impacts the right to privacy, congressman Tom Emmer said Emmer also questioned whether recipients of the Tornado Cash ‘dust attack’ were in breach of the law Tornado Cash ...
This U.S. Congressman Condemned Tornado Cash Sanctions
U.S. Congressman Tom Emmer sent a letter to Secretary of the Treasury Janet Yellen regarding the sanctions imposed on the Ethereum decentralized exchange Tornado Cash. The government official called t...
U.S. Lawmaker Questions Treasury Over Tornado Cash Sanctions
Key Takeaways Rep. Tom Emmer (R-MN) raised questions over the decision to sanction Tornado Cash in a letter sent to the Treasury Department today. Emmer called the ban of a “neutral, open-source, dece...
Europe’s Markets And Energy Security Disrupted By Russia Sanctions
A loan wind turbine stands before the exhaust plumes from cooling towers at German coal fired power … [+] plant. They will need more coal as they turn against Russian piped gas. Sorry, climate c...
SWIFT considered ‘neutral’ on sanctions; debate sparked on whether Ethereum is the same
The Director of Research at Coin Center Peter Van Valkenburgh raised an interesting point on Monday when he tweeted a screenshot from the SWIFT website detailing the entity’s role in sanctions enacted...
Cardano Founder Criticizes Tornado Cash Sanctions
Cardano founder Charles Hoskinson has openly criticized the Treasury Department’s decision to ban crypto mixing tool Tornado Cash. Banning Is Dangerous Precedent: Hoskinson According to Hoskinson, ba...
Architect of The DAO splits from Ethereum ‘circus’ after nine years
Stephan Tual, one of the main designers behind the structure of The DAO, has left the Ethereum community after nine years — citing a disconnect between what he wanted to build and what he feels the pr...
Cardano Founder Charles Hoskinson Says Tornado Cash Sanctions Set Extremely Dangerous Precedent
Cardano founder Charles Hoskinson says that the US government banning Tornado Cash sets a dangerous regulatory precedent. Earlier this month, the U.S. Treasury Department banned Americans from using t...
U.S. OFAC Sanctions on Tornado Cash For $7 Billion Funds Laundering
The Tornado of $7 Billion Cash Laundering Tornado cash is used to launder approximately more than 7 Billion USD since its existence in 2019. This includes three major names from different geographies:...
Ethereum is under attack as U.S. sanctions apply at a protocol level
The hope of a decentralized, open, free internet is in jeopardy right now. This is not hyperbole, FUD, or clickbait. Ethermine, the largest Ethereum mining pool, no longer produces blocks containing T...
US sanctions on Tornado Cash spark free speech protests
On August 8, 2022, the US sanctioned Tornado Cash. According to the announcement by the US Treasury, this means that “all property and interests of Tornado Cash that are in the United States or in the...
FTX Flags More Privacy Tools After Tornado Cash Sanctions
FTX warned users against interacting with Aztec addresses, screenshots on Twitter showed The move comes after mixing service Tornado Cash was sanctioned over allegations of money laundering FTX appear...
Tornado Cash Sanctions Prove DeFi Regulation Is Inevitable
– Advertisement – Last week’s decision by the U.S. Treasury Department’s Office of Foreign Assets Control to sanction the cryptocurrency mixer Tornado Cash was the first major action again...
Tornado Cash sanctions will ultimately undermine the US and strengthen crypto
The United States government’s sanctioning of the open-source code that makes up the Tornado Cash privacy protocol may be shocking, but it’s not surprising. America has been tightening its grip over t...
Aztec Co-founder on Web3 Regulation After Tornado Cash Sanctions
Aztec co-founder discussed the future of Web3 privacy after tornado cash sanctions. He also stated that the Tornado Cash Ban would be seen as an act of “self-harm.” Zac Williamson, who is the co-found...
Regulating Web3: Aztec CEO Maps Out Future of Privacy After Tornado Cash Sanctions
Zac Williamson, CEO of the Aztec Network Ethereum privacy layer, discussed what the future for Web3 privacy could look like in the wake of widely criticized U.S. government sanctions against crypto mi...
Tornado Cash Sanctions Criticized by Kraken’s CEO Jesse Powell
15 seconds ago | 2 mins read Altcoin News Jesse Powell, called the federal restriction on Tornado Cash, “unconstitutional.” Uniswap’s creator emphasized his opinion that there was a gap in the market...
Investors Convert $1.6B Worth Of USDC To USDT Amid US Regulatory Sanctions – crypto.news
According to reports, crypto investors have converted their USDC stablecoin worth over $1.6 billion to another stablecoin, USDT. This is due to the ripple effect of the latest US sanction on Tornado C...
Tornado Cash sanctions are a ‘knee-jerk reaction’ to Terra crash, says Kraken CEO
Jesse Powell, the CEO of cryptocurrency exchange Kraken, has criticized government sanctions against Ethereum (ETH) coin mixing service Tornado cash, terming it a hasty reaction. Speaking during an i...
Kraken CEO says Tornado Cash sanctions are ‘unconstitutional’
Jesse Powell, the CEO of US-based cryptocurrency exchange Kraken, says the government agency’s move to shut down the crypto mixing service Tornado Cash could be deemed “unconstitutional.” Powell highl...
Coin Center to Seek Legal Redress Over Tornado Cash Sanctions
On Monday, Coin Center said the U.S. Department of Treasury overstepped its mandate when it sanctioned mixing service Tornado Cash, vowing to pursue redress over the matter. The group says it’s seekin...
Tornado Cash Finds Formidable Ally In This Privacy Watchdog. Will U.S. Treasury Be Forced To Lift Sanctions? ⋆ ZyCrypto
Advertisement     Blacklisted Tornado Cash has gained a powerful ally: the Electronic Frontier Foundation (EFF). According to the EFF, the sanctions levied by the U.S....
TRM Labs says Tornado Cash action is a ‘new challenge for sanctions compliance’
Blockchain analytics firm TRM Labs says that the Tornado Cash sanctions present new problems for crypto firms trying to comply with US regulations. TRM Labs provides information to crypto entities suc...
Kraken CEO Criticizes Tornado Cash Sanctions
Key Takeaways Kraken CEO Jesse Powell has criticized sanctions imposed upon Tornado Cash by the U.S. Treasury and OFAC. On Bloomberg TV, he suggested that Tornado Cash has legitimate uses and that use...
Tornado Cash Sanctions Are Spiraling Into Compliance Nightmares
Between Aug. 7 and Aug. 13, users sent in about 11,000 ETH (so this figure went down week-over-week) and sent out … 49,852 ETH. Tornado was sanctioned on Aug. 8, meaning the week-over-week figure near...