The Weekly News Roundup, ending 14 August 2022 – Tornado Cash

The big news was US sanctions on Tornado Cash, a crypto mixing service. All addresses linked to it were blacklisted. A software developer for TC was arrested. And someone or a group of people sent 0.1 eth from a blacklisted address(es) to numerous wallets, effectively getting those (legitimate) wallets blacklisted in the process. That’s the downside of contract wallets- only one address. Note this as a threat vector, and remember that. See the details in the tweets of the week.

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Be well, Everyone.

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Articles on Medium this week


The Cost of Crypto Podcast

This Week In Twitter

TL;DR – more money will flow and get parked into bitcoin. It’ll take years to unfold, but the floor will be raised.

Kraken report explores what’s superior — PoW or PoS (a comparison)


Central Banks can safely invest in Bitcoin with BlackRock’s Bitcoin Private Trust; says DCG Founder
BlackRock Launches Spot Bitcoin Private Trust
$10T BlackRock Launched Bitcoin Private Trust For Clients

CBDC (are just Surveillance Tokens)

Company / Product / Project News

Binance recovers $450K stolen from Curve DNS Hack
Mailchimp suspends accounts of several crypto-focused users


DeFi and Lending
Celsius CEO under fire as Committee of Creditors, DFPI implicate him
DeFi protocols Aave, Uniswap, Balancer, ban users following OFAC sanctions on Tornado Cash
Netherlands arrests suspected Tornado Cash developer [for writing software]


Fundraising and Sponsorships


Implementation and Infrastructure

Metaverse / Web3
Web3 Watch: New NFTs from Lamborghini and Ledger, Fox To Air First Blockchain-based Show

Landfill Gas Bitcoin Miner Vespene Raises $4.3 Million

Nation States (and other political jurisdictions)
Iran settles trade import using crypto


Regulation, Legislation & Legal Matters
Coinbase staking product under SEC investigation
Circle ‘blacklists’ all Tornado Cash ETH addresses effectively freezing USDC
RELATED-MakerDAO founder proposes converting $3.5B USDC reserve to Ethereum
Lawsuit Likens Voyager to Ponzi, Sues Mark Cuban For Promotion
Coinbase Confirms SEC Subpoenas Over Listings, Crypto Staking



The Wall Street

Time Capsule
‘Built to Fail’? Why TerraUSD’s Growth Is Giving Finance Experts Nightmares

Outside News
The Big Short’ Movie Explained

You Do Not Change Bitcoin. Bitcoin Changes You.
“Bitcoin will eat the world.” And it is.

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Swan Bitcoin: (Lower fees than Coinbase, and get $10 of bitcoin when you sign up:

Swan Bitcoin- 1% fee for buying bitcoin and easily set up recurring buys

The app that let’s you buy/sell/trade cryptos, earn yields on crypto deposits and take out a crypto-backed loans

Get $10 when you sign up with Strike. Send cash instantly around the world at no cost, and buy bitcoin with only a 1% fee


If you’re new to crypto, Coinbase is the easiest way to get started


Binance is a great exchange to buy and sell cryptos


Changelly is a good option for exchanging coins without having to use an exchange

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Earn bitcoin while you shop online using Lolli

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Get crypto-themed shirts, stickers, mugs and more at Teepublic


Download the Brave browser and block unwanted ads and earn rewards whileen you browse online 

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Download the Exodus wallet for you PC and smartphone


Download the Coinami wallet for your PC and smartphone

Categories: Weekly Headlines

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