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The payments weren’t privatized through a mixer, but in those days, they didn’t need to be to fulfill their intended obfuscating function. All that changed when the New York Department of Financial Services introduced the BitLicense, whose reporting requirements made the bitcoin payments program unworkable in Afghanistan. In effect, NYDFS
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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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Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later,
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The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy
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Monero, the popular privacy-focused cryptocurrency protocol, is preparing for a major network upgrade this weekend (targeted for Saturday, August 13). Monero, whose native token is monero (XMR), is an open-source project that launched in 2014 as “Bitmonero.” It claims XMR is a secure, private and untraceable cryptocurrency that keeps financial
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“With Soulbound tokens, which are non-transferable, you can prevent dumping and unequal allocations, leading to better governance and fairer token distributions,” Buterin added, referring to the parts of the crypto world filled with opportunistic developers and rug pulls. Source
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Again, I'm not advocating for anything malicious or bad being done using those tools, but it's a sign that they can work and that governments are struggling to actually deal with them technologically. Because, ultimately, sanctions are not a technological tool. They're a legal tool that they can try to
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Step by step, bank overseers have widened their enforcement territory to include digital assets. In one sense, crypto was their dream financial system, with the path of most transactions auditable on a public ledger, albeit with the identities of senders and receivers hidden behind alphanumeric addresses that looked like they’d
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In March 2021, Aztec launched the zk.money protocol, which provided a privacy shield for direct Ethereum transactions. Connect moves the shield out further, allowing users to privately connect to Ethereum’s decentralized finance (DeFi) ecosystem, including popular apps Uniswap, Lido and Aave. Private DeFi actions could include staking, lending, swaps and
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Latest report from international data protection and privacy authorities has identified credential stuffing as a significant and growing cyber threat to personal information. Credential stuffing is a cyber-attack method that exploits people’s tendency to use the same username and
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