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.
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.
–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
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
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 Big Short’ Movie Explained
You Do Not Change Bitcoin. Bitcoin Changes You.
“Bitcoin will eat the world.” And it is.
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Categories: Weekly Headlines