Tornado Cash says it’s using Chainalysis oracles to block access from OPAC sanctioned addresses

On Friday, Tornado Cash announced that it was using oracle contracts from Chainalysis to block wallet addresses sanctioned by the U.S. Office of Foreign Assets Control, or OFAC. The move comes after the U.S. Department of the Treasury linked North Korean cyber-criminal Lazarus Group as an alleged perpetrator for the recent $600 million+ Ronin bridge […]

Tornado Cash Adds Chainalysis Tool for Blocking OFAC-Sanctioned Wallets From Dapp

“The fact that Tornado Cash doesn’t allow access to its app to comply with regulations doesn’t necessarily mean that the protocol and smart contracts are not available to the sanctioned entities,” Tal Be’ery, the chief technology officer of crypto wallet ZenGo, told CoinDesk in a direct message. Source link

$52K Bitcoin price triggers rally in large caps like Litecoin, Stellar and Bitcoin Cash

Bitcoin (BTC) has been the uncontested cryptocurrency market leader since its creator launched the digital asset in 2009 and to date, it continues to be the dominant force in the industry.  This truth was put on display on Sept. 6, when the price of Bitcoin rose to the $52,000 level and ignited a market-wide rally […]

Cash App and Chivo help drive Lightning payment volume up 400%

A new report highlights how the Lightning Network has grown in popularity as a way of transferring digital assets quickly and efficiently around the globe.  CNBC today told the story of Alena Vorobiova, a Ukrainian refugee currently seeking sanctuary in Poland. Vorobiova used Lightning to transfer $100 worth of Bitcoin from Miami, where it was […]

PolySign to Buy Digital Asset Fund Administrator MG Stover for Cash and Stock

Alongside the deal, PolySign is also completing a Series C fundraising round with the addition of new investors including Soros Fund Management, Brevan Howard and GSR. Cowen Digital, which had taken a $25 million stake in PolySign last May as part of a Series B funding round, will add to its existing equity position. Source […]

Ronin Exploiter Moved 21,000 Ether to Tornado Cash in Past Week

The entity behind Ronin’s unprecedented $655 million exploit in March has apparently moved tens of millions worth of stolen ether (ETH) through privacy protocol Tornado Cash in the past week, blockchain data from addresses connected to the exploiter show. Source link

Cathie Wood’s Ark Invest dumps PayPal favoring Bitcoin-friendly Cash App

Crypto investment company Ark Invest founder, Cathie Wood, has dumped all of the firm’s holdings of PayPal and showed greater confidence in the long-term growth of the Cash App payment system which uses the Bitcoin Lightning Network. Wood explained her firm’s move at the Miami Bitcoin 2022 conference which wrapped up on April 9. The […]

Block’s Cash App Rolls Out Service to Automate Getting Paid in Bitcoin

MIAMI – Cash App, the mobile payment service developed by Block (SQ) (formerly Square), the company led by Twitter (TWTR) co-founder Jack Dorsey, announced at the Bitcoin 2022 conference in Miami on Thursday that it’s rolling out three new services, including the following: Source link

Cash App users can now invest paychecks into Bitcoin

At the Bitcoin 2022 conference in Miami on Thursday, Cash App announced a new feature for U.S. customers which will allow them to automatically invest a portion of their direct deposit paychecks into Bitcoin (BTC). The mobile payment service run by Jack Dorsey’s Block, formerly known as Square, will enable Cash App Visa Cash Card users […]

Monero, Kyber Network and Tornado Cash break out as traders pile into privacy protocols

Stocks and cryptocurrencies saw a notable bounce on March 9 even though war, rising inflation and historically high oil prices have investors uncertain about the future. Bitcoin (BTC) price surged to $42,600 in the early trading hours and several altcoins followed suit with double-digit gains. Top 7 coins with the highest 24-hour price change. Source: […]