Binance founder Changpeng ‘CZ’ Zhao confirmed a $500 million equity investment in Elon Musk’s acquisition of Twitter Inc. CZ explained the investment as a move to bridge social media and web3 and spur the wider adoption of cryptocurrency and blockchain tech. He also described the investment as “a small contribution” to help Musk realize his…
Following OFAC sanctions on Ethereum addresses related to Tornado Cash and other global entities, many were concerned with the precedent set by the bans. Vitalik Buterin, the founder of Ethereum, called for validators to be slashed if censorship were to occur at the protocol layer. However, over the past month, there has been an increase…
Peter McCormack, co-founder of Coinmetrics, and Nic Carter argued that the “White House is wrong about Bitcoin mining” during the latest episode of WhatBitcoinDid. The report in question was one of several commissioned by President Biden via an Executive Order in March. Carter claimed that the White House reached out to him for comment on…
Ethereum (ETH) co-founder Vitalik Buterin has said solo validators should be tolerated if they censor blocks in special cases in an Oct. 17 tweet. I would say “be tolerated”. Slashing or leaking or socially coordinated anything should only be considered for massive reorging of other people’s blocks, not making wrong choices about what to put…
CryptoSlate Wrapped Daily: Another Spot Bitcoin ETF gets rejected by SEC; Google, Coinbase partner for crypto payments The SEC rejects WisdomTree’s Spot Bitcoin ETF, TampleDAO loses over $2.3M to a hack, and much more in this edition of CryptoSlate Wrapped Daily. 21 hours ago · 3 min read
Bitcoin SV has launched “Blacklist Manager,” enabling miners to freeze lost or stolen tokens “to comply with court orders” and assist in asset recovery. A tweet announcing the new function opened with an analogy of gold turning to lead when stolen and back into gold if returned. ‘Imagine if gold turned to lead when stolen….
The U.S. Department of the Treasury has blacklisted seven Bitcoin wallet addresses linked to members of Iran’s Islamic Revolutionary Guard Corps (IRGC). The department said in a Sept. 14 press release that the Iran-based malicious cyber actors have launched ransomware attacks against the U.S. since 2020. The group is said to have attacked the New…
The U.S. Department of the Treasury wants people who had pending transactions before the Tornado Cash sanctions went into place to apply for a license to process the withdrawal of their assets. In an FAQ response on Sept. 13, the Treasury said the policy applies to transactions initiated before the sanctions were implemented on Aug….
Crypto exchange Huobi has announced plans to delist seven privacy tokens in compliance with new regulatory policies. Huobi terminated the trading for privacy tokens: Monero (XMR), Dash (DASH), Decred (DCR), Firo (FIRO), Verge (XVG), ZCash (ZEC), and ZenCash (ZEN )on Sept. 6. Users are informed that deposits will not be accepted after Sept. 12. All…
Coinbase is financing a lawsuit filed against the US Treasury Department by six users of sanctioned crypto protocol Tornado Cash, CNBC reported on Sept. 8. The lawsuit argued that the sanctions were a violation of the plaintiffs’ rights as guaranteed by the US constitution, adding that the authorities overstepped their authority in sanctioning a “decentralized,…