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Decentralized or Not, Officials Say Tornado Cash Responsible for Illicit Activity

Chainalysis reports 10.5% of funds ran through Tornado Cash were stolen Classifying code as an entity for the purpose of sanctions laws gets complicated, experts say The Treasury Department’s decision to sanction a second crypto mixing service has sent blockchain enthusiasts and privacy chauvinists in an uproar this week.  On Monday, Tornado Cash, a cryptocurrency …

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Tiffany & Co. Turns CryptoPunks Into $12.5M Luxury Jewelry Sale

CryptoPunks is the most-traded collection on OpenSea ever NFTiff is CryptoPunks’ first derivative collection and a preview of a new upcoming IP agreement It all started when Alexandre Arnault, the executive vice president of product and communications at luxury jeweler Tiffany & Co., turned his CryptoPunks NFT into a physical rose gold-and-enamel pendant.  Other CryptoPunks …

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The Complicated Process of Crypto Inheritance

Investors in traditional brokerages are allowed — and in some cases even required — to list a beneficiary to their account Major crypto exchanges each have slightly different protocols in place for transferring cryptoasset ownership following a user’s death, but none are as efficient as the beneficiary designations used in TradFi When Jason O’Toole’s 18-year-old …

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Latest in Crypto Hiring: T. Rowe Price Adds Digital Assets Strategy Head

MeebitsDAO general manager takes over as Yuga Labs’ brand leader for the NFT collection Core Scientific reveals 10% headcount reduction on Thursday earnings call Hedge fund figure Blue Macellari joined T. Rowe Price as its head of digital assets strategy, she revealed on LinkedIn Thursday.  “This is what adoption looks like,” Macellari wrote in the …

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Torn by US Sanctions, Tornado Cash Token Tumbles

Alexey Pertsev was arrested by the Netherland’s Fiscal Information and Investigation Service for suspected involvement with money laundering Tornado Cash DAO has voted to include Tornado DAO governance to its treasury’s multi-signatory wallet Tornado Cash’s native token TORN has dropped by 22% in the past 24 hours, according to CoinGecko. At the time of writing, …

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Binance Recovers Majority Funds Stolen in Curve Finance Hack

Compared to protocol exploits, the losses suffered as a result of the DNS hijack are relatively small Both operational security and technical security of DeFi dapps is expected to improve Binance managed to freeze or recover a majority of the funds that hackers stole from DeFi protocol Curve Finance this week, the exchange’s CEO Changpeng …

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Justin Sun’s Plot to Divide Ethereum Off to Rocky Start

“Justin Sun wants to sow dissent, confusion and FUD in order for him to benefit financially,” one former ETH Foundation member said Low trade volumes and sinking prices have set Poloniex’s Ethereum fork tokens on a rocky path Figures around crypto have eye-rolled at recent interest in a proof-of-work Ethereum hard fork ahead of the …

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Paradigm and FTX Team Up To Launch Crypto Futures Spread Trading

Partnership will help investors better “take advantage of pricing dislocations,” Paradigm co-founder says Spread trades through the deal will be available on BTC, ETH, SOL, AVAX, APE, DOGE, LINK and LTC Liquidity platform Paradigm has partnered with crypto exchange FTX to launch spread trading, allowing users to take advantage of pricing dislocations with “cash-and-carry” plays. …

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Netherlands Arrests Suspected Tornado Cash Dev Days After US Sanctions

Netherlands’ financial crimes investigator says it has arrested a suspected Tornado Cash developer in Amsterdam The US Treasury sanctioned dozens of blockchain addresses with ties to the crypto mixer earlier this week Dutch financial crimes agency FIOD arrested a 29-year-old developer in Amsterdam on Wednesday over suspected involvement in laundering money through crypto mixer Tornado …

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