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In our news posts, we’ve been regularly mentioning Tornado Cash, a tool used to conduct private transactions on the Ethereum platform that is frequently associated with money laundering. Well, the U.S. Treasury Department has now taken action and has banned U.S. citizens from using Tornado Cash. In addition, the Treasury Department also compiled a list […]

Elon Musk has submitted a filing to a Delaware court, claiming that he was misled by the figures Twitter presented before signing the buyout deal for $44 Billion. What is happening in San Franciso right now? Elon Musk has just officially accused Twitter claiming they committed fraud by presenting incorrect data before selling the company […]

Exactly one year after its initial deployment, Beanstalk is now back from the dead. Less than four months ago, the experimental stablecoin was hacked for $182 million. Luckily, the company behind it, Beanstalk Farms, has managed to stabilize its operations enough for its reboot. Unlike other stablecoins, such as Tether, the Beanstalk stablecoin doesn’t maintain […]

Yet another crypto firm has paused withdrawals on its platform amid the still ongoing adverse market conditions. This time, it’s Hodlnaut, a Singapore-based crypto lender. In an announcement, Hodlnaut stated that it will now be focussing on stabilizing its liquidity. It will be working with the Singapore law firm Damodara Ong LLC in an attempt […]

Uniswap, the world’s largest decentralized exchange, will expand to include a U.S. Uniswap Foundation (UF) if the proposed straw poll passes. If everything goes according to plan, the UF will receive $74 million worth of UNI tokens for its future operations. $60 million of that sum would fund the Uniswap Grant Program (UGP), while the […]

The crypto division of Robinhood, a financial services giant, received a $30 million fine from the New York Department of Financial Services (DFS). Robinhood was fined due to failing to comply with crypto regulations in multiple violations. According to a statement made by the DFS, cryptocurrency companies are not exempt from having to comply with […]

In a hacker’s attack originating on the Solana Phantom wallet, thousands of people have lost their SOL and USDC crypto funds. The value of the stolen crypto is estimated to be between $4 million and $6 million. According to Watcher Guru, some 8,000 wallets were hit. The attacker used crypto traders’ private keys to transfer […]

It pays to be nice. According to the company’s statement, the Bitcoin mining firm Riot has earned some $9.5 million, or 439 Bitcoin, just for pausing its Texan operations throughout July. Riot was rewarded by the Electric Reliability Council of Texas (ERCOT). The council called for crypto miners and other businesses to limit energy expenditure […]

In 2013, a UK citizen James Howells threw away a hard drive with 8,000 Bitcoin on it into a landfill somewhere in Newport, Wales. He did this by accident. Now, he wants his $176 million worth of crypto back. For that goal, Howells made a deal with two unidentified investors, worth $11 million. A part […]

Instagram’s parent company, Meta, announced that the photo-sharing service is expanding its NFT support to more than 100 countries. Instagram first launched the initiative back in May for some users in the U.S., but is now also including countries in Asia, Africa, and the Middle East. Thanks to this feature, users can connect crypto wallets […]