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In a recent interview, United States congressman and a known crypto skeptic Brad Sherman claimed that banning cryptocurrencies is not an option at this point.In a statement to LA Times, the Northridge-area Democrat said that the crypto industry has become quite powerful over the years. He added that the high capital
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U.S. Representative Brad Sherman says Congress has not banned crypto because “there’s too much money and power behind it.” He elaborated: “Money for lobbying and money for campaign contributions works, or people wouldn’t do it, and that’s why we haven’t banned crypto.” US Lawmaker on Regulation and Why Congress Won’t Ban
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Domestic companies like Terra circumvented the ban by issuing new digital tokens through corporations established overseas and listing those tokens on local exchanges, the central bank said in its report accompanying the Korean translation of the European Union's Markets in Crypto Assets (MiCA) regulation. Source
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In November 2020, Colorado banned gas flaring, venting, and the release of raw gas into the atmosphere. While the centennial state has a large number of well sites, a recent report shows that roughly a half dozen Colorado oil and gas companies are leveraging gas-to-bitcoin flare mitigation systems and these
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There are mounting concerns that recent United States government sanctions against Tornado Cash will become a “slippery slope” for Web3 privacy that could eventually make the entire space “meaningless.”Speaking to Cryptox, Shumo Chu, co-founder of privacy protocol Manta Network expressed worry that the strict sanctions against Tornado Cash could have
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Upgrades include an increase in ring signatures from 11 to 16. The revamp is intended to increase the number of signers per transaction. In addition, the protocol has undergone an upgrade to its “Bulletproof” algorithm, which will improve the size of transactions in an effort to make them “more private
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The Korean government has yet to show any sign of wanting to change current laws, said attendees at Korea Blockchain Week. Source
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Amid the crackdown against Tornado Cash, associated addresses, contributing developers, and anyone who uses the mixing platform, the project’s governance token called TORN has shuddered in value. TORN is an ERC20 with a fixed supply that is leveraged for governance proposals and voting. During the last seven days, the Tornado
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Figures cited by UNCTAD show crypto is particularly popular in Russia, Ukraine and Venezuela, three countries affected by sanctions, war and hyperinflation. As of November 2021, 41 developing countries have either prohibited banks from dealing in crypto or prevented exchanges offering crypto to retail investors, and nine have banned crypto
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William Callahan joined CryptoX TV’s “First Mover” to discuss the Treasury Department’s sanctioning of the mixing service. Source
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