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” Tornado Cash shows that DeFi can’t escape regulation “ The U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued sanctions against Tornado Cash this month, marking its first action against a decentralized finance (DeFi) mixer in what may prove to be a watershed moment for DeFi regulation. A lack of response and regulatory preparation…
” Anonymous user sends ETH from Tornado Cash to prominent figures following sanctions “ On Tuesday, one day after the U.S. Treasury sanctioned cryptocurrency mixer Tornado Cash for its alleged role in cryptocurrency money laundering operations, intervals of 0.1 Ether (ETH) transactions began materializing from the smart contract to prominent figures such as Coinbase CEO Brian Armstrong and…
“One Medical users vow to cancel memberships over $3.9B Amazon deal” Subscribers to the health care app One Medical vowed to cancel their memberships on Friday after it was announced that the startup dubbed “the Netflix of primary care” would be bought by Amazon for $3.9 billion. Angry One Medical subscribers said they were ditching…
” Want a compelling use case for privacy blockchains? Look no further than dating “ The excitement surrounding Web3 is palpable — and undeniable. Projects are flooding into the space to build cutting-edge versions of the sites and apps served up by centralized Web2 rivals, covering every sector imaginable. But at this point, it’s worth…
” Know thy customer: The future of KYC in crypto “ Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, but cohabitation is inevitable for the maturing industry. The tension never really goes away, but…
“Facebook shared deleted user data with cops: lawsuit” Facebook employees were able to access deleted user data and share details with law enforcement agencies, according to allegations included in an explosive lawsuit filed by an ex-employee who said he was ousted for raising concerns about the practice. Brennan Lawson, a former member of Facebook’s global…
” Controversial mixer Tornado Cash open-sources UI code “ Popular cryptocurrency mixer Tornado Cash has fully open-sourced its user interface (UI) code — a move its developers say fulfills their mandate of complete decentralization and transparency. Tornado Cash Classic UI became fully open-sourced on Thursday, the protocol’s anonymous developers announced in a Medium blog post….
“China reportedly censors alleged data leak of 1 billion residents” Chinese authorities are reportedly scrambling to quiet online discussion of the alleged leak of more than 1 billion Chinese citizens’ personal data — a breach that experts say could be among the largest in history. Speculation surged over the weekend on Chinese social media platforms…
“Period-tracker apps say they will protect women’s data” Two apps that help track women’s periods and menstrual cycles are reassuring their tens of millions of users that they will not hand over sensitive data to authorities in states that have either banned or severely restricted abortions. The apps, Flo and Clue, reacted on Friday to…
” How blockchain can open up energy markets: EU DLT expert explains “ Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy…