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satoshin • Jul 1, 2023, 1:09 pm EDT

From Exploitation to Restoration: Tornado Cash’s Unprecedented Hack Sparks New Wave of Crypto Innovation

The Tornado Cash saga, one of the most dramatic incidents in the short history of cryptocurrency, has finally reached its conclusion. The story that unfolded over the past few months has been as tumultuous as it is instructive, featuring a hostile takeover by a malicious hacker who seized control of Tornado Cash’s blockchain protocol by hijacking its governance mechanism. Yet, in an unexpected twist, the hacker decided to relinquish control and hand the reins back to the community. Tornado Cash, a cryptocurrency smart contract mixer known for enabling users to deposit and withdraw crypto from different addresses without leaving a

5 minutes

tinam • Feb 2, 2023, 2:21 pm EST

Arizona Could Be The First State To Make Bitcoin Legal Tender

he state of Arizona has just introduced a new bill to make Bitcoin legal tender which would essentially allow Bitcoin to be used for various payments such as debts, public charges, and even taxes. If this bill passes, it would be a tremendous milestone for the state as no other state in the US has made Bitcoin legal tender yet.

3 minutes

jennyl • Nov 8, 2021, 7:02 am EST

What Countries Accept Bitcoin?

Crypto adoption achieved new milestones in 2022. According to a report by Crypto.com, the number of crypto owners reached 425 million during the year. However, not all countries around the world are in support of digital currencies. While places like the UK are keen to embrace the Bitcoin and cryptocurrency revolution, others have outlawed crypto investing and transactions. Do you wish to travel using Bitcoin to pay the way? Maybe you want to send money to someone overseas. Or perhaps you’re considering moving to a new country? Knowing which countries accept Bitcoin and which have tried to ban it is essential.

12 minutes

tinam • Sep 24, 2021, 5:57 am EDT

2021’s Biggest Cryptocurrency Trends So Far

What cryptocurrency trends, you ask? The number of crypto users has grown by 66 million since 2018, many experts believe the virtual currency is the future. However, to truly understand why Bitcoin and other cryptocurrencies are the future of finance, it’s essential to first look into these currencies’ future holds. Here, we will talk about some cryptocurrency trends that we expect to blow up in 2021. Read on for some insights that you need to consider when investing in cryptocurrency and spending it. Tighter Crypto Regulation Tax regulations are one of the tremendous changes that cryptocurrency will see in the coming decade.

7 minutes

johnd • Jun 9, 2020, 1:57 pm EDT

‘Inherently Borderless’; Acting OCC Chief On Crypto, State Licenses & DeFi

Brian Brooks, the former Coinbase legal chief, took office as Acting Comptroller of the Currency (OCC) at the end of May, barely two and a half months after being appointed First Deputy at the federal banking agency. In that time he’s already publicly suggested a federal payments charter for fintech companies, asked state and local governments to consider lifting COVID-19 lockdowns to protect the banking system and published a request for public input on how banks look at crypto. The first proposal might be Brooks’ most ambitious: creating a federal regulatory framework for tech firms offering some services traditionally offered by banks,

johnd • Jul 12, 2018, 3:42 pm EDT

First Decentralized, Tokenized Bank? Thank Binance

The world’s second-largest crypto exchange, Binance, is backing plans to create a decentralized, blockchain-based bank with tokenized ownership, Bloomberg reports today, July 12. The future “Founders Bank” would be owned by digital token investors and be based in Malta, known for its robust and transparent crypto regulatory climate. According to Bloomberg, Binance has already invested in a 5 percent stake, along with other anchor investors, at a $155 million pre-money valuation. The project seeks to become the world’s first decentralized, community-owned bank. The owners of the future bank will be issued with “legally-binding equity tokens” in return for their investment, via the blockchain-based equity fundraising platform Neufund.

2 minutes