Tornado Cash is designated as the first target of an OFAC action against a decentralized platform.

Tornado Cash sanction

OFAC Designates Tornado Cash in First Action Against On August 8, 2022, The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Tornado Cash, a decentralized digital asset mixer. This is the first time OFAC has targeted an on-chain decentralized protocol. OFAC announced that Tornado Cash was used to launder … Read more

The Luna Classic[LUNC] has been resurrected!

Luna Classic has been resurrected

Luna Classic (LUNC) resurrected Luna Classic (LUNC) : history was created! Luna Classic has been resurrected. 74% of validators have now adopted the revised V22 Luna Classic code. It was less than an hour ago when Orion.Money uploaded the V22 code to their platform, pushing Luna Classic beyond the 66% validator barrier required to validate … Read more

The SEC’s complaint about insider trading puts the whole DeFi and crypto industry in a tight spot.

WazirX and Binance are related

DeFi & Cryptocurrency Industry Difficulty with Crypto Insider Trading An ex-Coinbase product manager and two others were charged with insider trading by the SEC after they allegedly traded before the company announced that certain cryptocurrencies would be accessible for trading. The DOJ’s case against Coinbase for wire fraud has strong merit, since wire fraud may … Read more

Learn about Solana – SOL Blockchain Cryptocurrency

about solana

Solana is a public blockchain platform that supports smart contracts. SOL is the currency that is used locally. Solana uses a “proof-of-history” process and a proof-of-stake mechanism to reach consensus. Solana can execute smart contracts, just like a number of other blockchains. The Rust, C, and C++ programming languages can be utilized in Solana’s execution … Read more

For the Metaverse Token Skyrocketed. Altcoins and the correlation

Metaverse Token

Metaverse token… As more well-known businesses and industry giants—like Meta, Apple, and now Disney—have joined the metaverse, this has been increasingly apparent. Additionally, the price of Bitcoin surpassing $40000 has increased investor confidence, which subsequently helped altcoins rise. Metaverse Token and Metaverse Unstable start and growth potential Investors in cryptocurrencies have surely found it challenging … Read more