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Tornado Cash dusted wallets

A Tornado Cash user “Dusts” hundreds of public wallets

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The Treasury Department of the United States prohibited recently Tornado Cash, a method for mixing Ethereum tokens. Tornado Cash pools transactions to obscure their origins and make it more difficult to ascertain where digital currency was being transported. Now, an anonymous troll is sending Ethereum to celebrities from a Tornado Cash wallet, ostensibly to demonstrate how difficult it would be for the United States government to enforce...

Blockchain, Crypto regulation, Cryptocurrencies, Front page

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tornado cash

The US bans the Ethereum mixing tool Tornado Cash 

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In a notice made on Monday, the US Treasury Department placed the Tornado Cash website and a huge variety of Ethereum addresses on its Specially Designated Nationals list, prohibiting American citizens from utilizing the service or doing transactions with these addresses. What is Tornado Cash? Tornado Cash is an Ethereum network “mixer.” It enables Ethereum users to transmit ether (ETH) or ERC-20 tokens to the service to be...

Blockchain, Crypto regulation, Cryptocurrencies, Front page, News

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The Merge - Ethereum

What is the Merge in Ethereum? 

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The Merge represents the joining of Ethereum’s existing execution layer (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step towards realizing Ethereum’s vision: more scalability, security, and sustainability. How The Merge happens Proof-of-work has been used to...

Blockchain, Cryptocurrencies, Ethereum, Featured, Front page

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ethereum

The Merge might boost demand for Ethereum, probably surpassing Bitcoin

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According to a Bloomberg piece titled “Booms, Busts, and Bitcoin,” The Merge will be accompanied by a sequence of events that will alter the view of ETH as an investment asset, with the potential to become an institutional-grade asset on a global scale. In this respect, they note that the alteration of the consensus method will be the determining factor. Ethereum has exceeded Bitcoin in a number of key adoption indicators that...

Cryptocurrencies, DeFi, Ethereum, Front page

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All the crypto companies that went bankrupt in 2022

All the crypto companies that went bankrupt in 2022 [so far]

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These are all the bankruptcies so far in the crypto world. We had to make a list to follow along with the thread. The crypto winter with inflation and the crash of Terra brought the least desired effects in the crypto world: a domino of companies exposed to unpayable debts, liquidations, and bankruptcies. It started with Celsius, followed by 3AC and then others followed. Some of the reasons that produced this are already known: ...

Cryptocurrencies, Exchanges, Front page

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