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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 cybercriminal Lazarus Group as an alleged perpetrator for the
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"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. Original Source
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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
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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
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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. Original Source
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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
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Summary: Cash App has launched a new service that allows its users to convert their paychecks into Bitcoin The new feature named ‘Paid in Bitcoin’ allows users to select what percentage of their direct deposits to be converted to BTC U.S. customers will be the first to test out the new feature, and
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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: Original Source
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Block (SQ), formerly known as Square, said Monday that a former employee improperly downloaded Cash App Investing reports containing U.S. customer data. The payments company is notifying some 8.2 million current and former customers about the breach, according to a regulatory filing. Source
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More than 2,001 ether were moved Monday from addresses connected to the $625 million exploit, with about 70% passing to the privacy tool, on-chain data show.Apr 4, 2022 at 9:25 a.m. UTCUpdated Apr 4, 2022 at 9:31 a.m. UTCOn-chain data show ether from the Ronin exploit has been moved to
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