Even though there could be a legitimate use for Tornado Cash in an era of hyper-political divisiveness and de-platforming, Sargent sees Tornado Cash as suspicious. “I don’t think there are that many privacy-conscious people that can put through $10 billion in volume in such a short period of time,” he said. Source link … [Read more...] about Is Tornado Cash Complicit in Laundering Crypto? It’s Complicated, Says Former DEA Agent
Cash
Crypto.com’s Stolen Ether Being Laundered Via Tornado Cash
The $15 million in ether (4,600 ETH) stolen from Singapore-based Crypto.com is currently being laundered via Tornado Cash, an Ethereum Mixer, according to on-chain data.Tornado Cash is a ETH mixer protocol that promises to improve transaction privacy by obscuring the on-chain link between the source and recipient of ether.The protocol launched in early 2020.On-chain data first … [Read more...] about Crypto.com’s Stolen Ether Being Laundered Via Tornado Cash
Cash App integrates Bitcoin Lightning Network for faster BTC transfers
Popular mobile payment service Cash App has integrated the Bitcoin (BTC) Lightning Network as a part of an update, allowing faster and cheaper BTC transfers using the Layer 2 (L2) payment protocol. Cash App is developed and owned by Block (formerly Square), a fintech firm co-founded by former Twitter CEO Jack Dorsey. The announcement of the BTC L2 integration was shared as a … [Read more...] about Cash App integrates Bitcoin Lightning Network for faster BTC transfers
Kevin O’Leary-Backed DeFi Platform WonderFi to Purchase Bitbuy for $162M in Cash, Shares
Bobby Halpern, principal of Toronto-based Halpern & Co., acquired Bitbuy toward the beginning of 2018, when the exchange had about 500 customers and bitcoin prices were crashing. The company now has over 375,000 Canadian customers and generated over C$31 million ($24 million) in revenue during the 12-month period ending Sept. 30, according to the statement. Source link … [Read more...] about Kevin O’Leary-Backed DeFi Platform WonderFi to Purchase Bitbuy for $162M in Cash, Shares
Institutions Cash Out of Bitcoin
Today, we’ll show additional reasons for widespread selling that occurred in April and May. After bitcoin’s powerful rally to start the year, fueled by fear of fast inflation, some large investors grew concerned about rampant speculation in the almost-anything-goes market and a slowdown in global money supply growth. In fact, some price chart indicators were already suggesting … [Read more...] about Institutions Cash Out of Bitcoin