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On August 8, the OFAC issued sanctions on Tornado Cash. Emmer asked what considerations caused a piece of technology to a sanction’s list. A member of Congress in the United States has questioned the Treasury’s decision to ban Tornado Cash. The penalties on Tornado Cash, a “neutral, open-source, decentralized technology,”
It was said that forty influential individuals had signed up for the forum so far. There will be a Web 3.0 regulatory sandbox, as promised by the Telangana government. The trading and dealing of digital assets in India have been met with several regulatory obstacles. But some very important people
Prominent Blockchain Platform is launching a new entertainment Web3 project, in different fields. With the new project, the platform is aiming to build a distributed entertainment ecosystem. The blockchain-based entertainment platform, MetaSolare is now ready to provide a completely different experience to its users. According to the official reports, the
The producers of Fortnite have granted the team an Epic MegaGrant. The program encourages the development of noteworthy, original works. Epic Games has provided funding to Grease Monkey Games, an Australian indie studio that is a subsidiary of Animoca Brands, so that they may create Torque Drift 2, a blockchain-based
Plugin collaborates with HumCen, Sathyabama University, and NC Global Media to initiate a groundbreaking hackathon in India. A PAN India hackathon, PLI blockathon welcomes participants from all over the country. Suvik Group of Companies, with its headquarters in the United Arab Emirates, is organizing it. Plugin, a decentralized Oracle network
Most investments are held by Samsung, 13. BlackRock trails only Alphabet in total investment capital with about $1.17B. Blockdata has examined data from the top 100 banks that are actively investing in crypto and blockchain firms. Large financial organizations are combining their resources to make the most of the rapidly
When it comes to digital currency, Africa is still the biggest region to conquer. Even if there is a great deal of uncertainty around cryptocurrency and its technology, the area still has a financial imbalance. Though the task is far from done, Jelurida Africa has laid the groundwork for a
Binance Labs is Binance’s venture capital arm and accelerator, and Ankr, one of the world’s top suppliers of Web3 infrastructure, is excited to announce that it has obtained a significant investment from Binance Labs. Ankr plans to invest the funds into expanding its Web3 developer suite, which currently consists of
RenBridge was used to launder at least $540 million from 2020 via chain hopping. These bridges have also been used by ransomware gangs, exploiters, and hackers. There have been several thefts of cross-chain bridges this year, but new information from blockchain analytics vendor Elliptic suggests that one of these bridges
The project’s website, tornado.cash, has also been sanctioned. The Github account of Tornado creators has been terminated. Tornado Cash-related activity is being blocked by businesses. Tornado Cash-related cryptocurrency addresses were sanctioned by the U.S. Treasury Department earlier today, including 38 Ethereum accounts and six USDC addresses. The project’s website, tornado.cash,
