Author: Donald Munn
It appears that Dutch authorities have arrested the developer of Tornado Cash in Amsterdam. Today, the 29-year-old will be brought before the investigating judge. Tornado Cash: Dutch authorities arrest suspected platform developer The alleged developer of the well-known crypto mixer service arrested in the Netherlands The Netherlands’ Fiscal Information and Investigation Service (FIOD) has reportedly arrested a man in Amsterdam suspected of being the developer of Tornado Cash, the crypto-mixer accused of money laundering and blacklisted by the US. The Netherlands, through FIOD’s Financial Advanced Cyber Team (FACT), has since June 2022 launched a criminal investigation against Tornado Cash, accused…
MakerDAO has decided to eliminate DAI’s exposure to USDC and this could cause it to lose its peg with the dollar. DAI: MakerDAO’s algorithmic stablecoin seriously risks losing its peg with the dollar Maker’s entire DeFi protocol could risk failure A few days ago the US Treasury Department decided to blacklist Tornado Cash, the crypto mixer service. It also placed criminal penalties on anyone interacting with Ethereum addresses that were deemed to be involved in illegal activities by the OFAC. Following this news, Circle, the issuing organization of the USDC stablecoin, decided to freeze all USD Coin funds belonging to…
Japanese lending institution Shinsei Bank has set up a system that rewards the most active customers and promotes the opening of new accounts against a cryptocurrency reward. Shinsei Bank’s business sector in Japan has come up with an ancient strategy with modern twists to expand its volumes. A new cryptocurrency rewards program, Shinsei Bank embraces innovation The bank has chosen to reward its account holders insofar as they distinguish themselves through investments, savings, purchase of services, etc., and to attract new customers through a table of rewards to be given away in crypto. The promotional campaign adopted by Shinsei Bank…
Mark Cuban, a well-known billionaire who is a big supporter of crypto, is apparently being sued for promoting Voyager Digital’s failing cryptocurrency lending platform. The class action was filed by investors and fans of the Dallas Mavericks. Mark Cuban sued over Voyager Digital by investors and Mavericks fans Mark Cuban, star of Shark Tank and owner of the NBA team Dallas Mavericks, is apparently being sued by Voyager Digital investors and fans of his team. JUST IN: Mark Cuban has been sued for allegedly promoting bankrupt #crypto lending platform Voyager Digital. — Watcher.Guru (@WatcherGuru) August 11, 2022 “JUST IN: Mark…
The crypto market continues with its price swings, registering a dump in the last 24 hours after a small bullish trend in the last 7 days, following the week’s news. Here’s how Coinbase’s letter to shareholders, sanctions to Tornado Cash and more have affected the cryptocurrency market. Crypto market in the red in the last 24 hours, but bullish in the last 7 days Coinbase and Tornado Cash negatively impact the crypto market Crypto price swings are now a certainty. Taking Bitcoin (BTC) as a reference, its price at the time of writing is $24,000 and has recorded a last…
After the last successful testnet on 11 August, Ethereum developers are convinced that the new Merge update will be launched on 15 or 16 September. Merge: Ethereum is about to move to the long-awaited Proof of Stake On Wednesday, 11 August, Ethereum developers announced that the latest Goerli testnet had also successfully transitioned to Proof of Stake. This is the last of three planned tests, following Ropsten in June and Sepolia in July. The latter represents the final test before the official launch, which would precisely see the light of day slightly ahead of schedule on 15 or 16 September.…
According to Reuters, Ripple Labs is reportedly considering making a bid to acquire some assets of Celsius Network, which has been declared insolvent. Celsius bankruptcy ignites Ripple’s interest Ripple is deciding to acquire part of Celsius’ assets A spokesman for Ripple Labs, the company behind Ripple, reportedly told the Reuters news agency that: “We are interested in learning about Celsius and its assets, and whether any could be relevant to our business”. When asked if Ripple planned to acquire Celsius entirely, the spokesperson preferred not to comment, saying only that Ripple is looking for investment and merger opportunities with other…
Just a few days after announcing its collaboration with the U.S. exchange Coinbase, BlackRock today said it will open a new trading service with Bitcoin. The new BlackRock program to invest in Bitcoin BlackRock will offer a new financial product to invest in Bitcoin Specifically, the service will be a private bitcoin (BTC) investment trust directed to U.S.-based institutional investors. In the statement posted on its website today, BlackRock explains that the fund will track Bitcoin’s price performance, net of the trust’s expenses and liabilities. “Despite the steep downturn in the digital asset market,1 we are still seeing substantial interest…
Binance Labs has made a strategic investment in decentralized infrastructure Web3 giant Ankr, which, in turn, strongly supports BNB Chain. Binance Labs and the strategic investment in Ankr Binance Labs invests in Ankr Ankr, the decentralized infrastructure Web3 giant, announced that it has secured a strategic investment from Binance Labs, the venture capital and accelerator arm of Binance. This is happening precisely because Binance has itself obtained significant open-source contributions from Ankr to the BNB Chain, BNB Liquid Staking, and its continued support of the ecosystem. Essentially, Ankr helps companies get their blockchains up and running faster, enabling them to…
A few days ago news broke about a multimillion-dollar scam set up by a company known as New Financial Technology. New Financial Technology: a Bitcoin scam by an Italian company Founded in Silea, Treviso, and headquartered in London, New Financial Technology promised gains of up to 10% on invested capital through arbitrage transactions on the crypto market. The minimum deposit required was €10,000 and coupons were issued on a monthly basis. This type of model is used by numerous legitimate companies, which, using special algorithms, take advantage of market mismatches on the various exchanges to profit. The company’s acronym, NFT,…