Podcasts about ofac

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Best podcasts about ofac

Latest podcast episodes about ofac

Markets Daily Crypto Roundup
Crypto Update | OFAC Backtracks but Tornado Cash Sanctions Already Set a Terrifying Precedent

Markets Daily Crypto Roundup

Play Episode Listen Later Sep 23, 2022 22:38


With bitcoin sliding on Friday after gaining 5.1% on Thursday, but overall, remaining resilient under tough market conditions, plus a look at the implications of OFACs overreach, CoinDesk's “Markets Daily” is back with its latest news roundup.Today's Stories...Read the full show notes here.Featured Story: OFAC Backtracks but Tornado Cash Sanctions Already Set a Terrifying Precedent-I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter's mainstage, capital allocation meeting rooms and sponsor expo floor. Use code MARKETS20 for 20% off the General Pass. Learn more and register: coindesk.com/ideas-This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

FCAT Crypto Briefâ„¢
7 Observations from the Ethereum Merge

FCAT Crypto Briefâ„¢

Play Episode Listen Later Sep 20, 2022 33:19


Breaking down the biggest news of the week, our briefers dive into seven narratives from the ETH merge. Plus, catch their thoughts on OFAC’s frequently asked questions about Tornado Cash and global brands introducing NFT reward programs. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: fcatalyst.com FMR LLC. © 2022 FMR LLC. All rights reserved.

Public Key
$2 Million and Counting: How Pro-Russian Groups Are Using Crypto Donations to Fund the War in Ukraine

Public Key

Play Episode Listen Later Sep 20, 2022 19:33


$2 Million and Counting: How Pro-Russian Groups Are Using Crypto Donations to Fund the War in Ukraine After the U.S. Department of Treasury -  Office of Foreign Assets Control (OFAC) announced sanctions against Task Force Rusich, a Russian paramilitary organization operating in Ukraine. Host, Ian Andrews (CMO at Chainalysis) sat down with Andrew Fierman, who is Head of Sanctions Strategy for Chainalysis to help us better understand what led up to these actions.  Andrew describes the use of social media, cryptocurrency and war propaganda that has been assisting in fundraising efforts for Pro-Russia groups invading Ukraine and highlights the turmoil that has been happening in these Eastern European countries.  He also lists the various militia equipment that these groups have been requesting from their supporters.  Minute-by-minute episode breakdown (2:03) – Open Source war and the emergence of social media war propaganda  (3:45) – How Pro-Russia groups are using cryptocurrency to fund the invasion in Ukraine (5:20) – Rusich Task Force, Southfront and the history of Pro-Russia militia groups (8:25) – What are Pro-Russia groups using crypto to buy? (11:25) –The role that cryptocurrency and social media is being used to fund the War in Ukraine (14:25) – What is Terricon and how are they using NFTs to raise war related funds  (17:25) - How blockchain analytics are assisting OFAC and law enforcement to curtail Pro-Russian groups furthering war efforts  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Blog: $2 Million and Counting: How Dozens of Pro-Russian Groups Are Using Cryptocurrency Donations to Fund the War in Ukraine Press Release Treasury Targets Additional Facilitators of Russia's Aggression in Ukraine Blog: The 2022 Global Crypto Adoption Index: Emerging Markets Lead in Grassroots Adoption, China Remains Active Despite Ban, and Crypto Fundamentals Appear Healthy Report: The Chainalysis 2022 Crypto Crime Report Speakers on today's episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews Andrew Fierman (Head of Sanctions Strategy, Chainalysis) https://www.linkedin.com/in/andrew-fierman-87511611 This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Half Caucasian
66. Line in the sand

Half Caucasian

Play Episode Listen Later Sep 19, 2022 66:13


This week, bad tech. How hyperloop, Starship international flights and Elon's tunnels just make zero sense, as much as we want them to. Also a 170km long city in Saudi - The Line. After a markets update, the Merge! How it went, what's next for ethereum. Do Kwan's arrest, OFAC clarification on Tornado Cash, and Wall St launches a centralised crypto exchange. In NFTs, Starbucks announces Odyssey NFT rewards and OG.art becomes a platform for dynamic art, Jadu avatars for AR. Links we mentioned: Neom's The Line: https://youtu.be/0kz5vEqdaSc Gritin silk eye mask: https://amzn.to/3UjpU20 Our Discord: https://discord.gg/9Fktv2u3vu We have a merch store: https://www.redbubble.com/people/smalltimebets/shop Our TikTok: https://www.tiktok.com/@smalltimebets Our YouTube channel: https://youtube.com/channel/UCw_yPi2f07yh15JbGnWYUjQ --- Support this podcast: https://anchor.fm/smalltimebets/support

Compliance Time
Tornado Cash Special #2

Compliance Time

Play Episode Listen Later Sep 19, 2022 24:09


https://podinbox.com/compliancetimeIn the second Tornado Cash special episode we spoke with Ari Redbord from TRM Labs. We spoke about the OFAC designation, why Tornado was considered a threat to national security and will OFAC continue designations on mixers. We disected the FAQs published by OFAC in early September and spoke more about AML and sanctions in the crypto space.

Firewalls Don't Stop Dragons Podcast
Tornado Warning for Free Speech

Firewalls Don't Stop Dragons Podcast

Play Episode Listen Later Sep 19, 2022 57:21


You may not be into cryptocurrency, but a recent incident involving a so-called "cryptocurrency mixer" has some important implications for privacy and free speech. Today we'll examine the relative anonymity of cryptocurrency transactions, tools that can be used to enhance that anonymity, and why the code that created these tools - and the services that might host them - must be protected under the First Amendment. Along the way, we'll explore the limits of free speech in the US and some interesting attempts to capture those rights. Kurt Opsahl is the Deputy Executive Director and General Counsel of the Electronic Frontier Foundation, the leading nonprofit defending digital privacy, free speech, and innovation. Interview Links Coin Center article on Tornado Cash: https://www.coincenter.org/analysis-what-is-and-what-is-not-a-sanctionable-entity-in-the-tornado-cash-case/ Electronic Frontier Foundation: https://www.eff.org/ Code, Speech, and the Tornado Cash Mixer https://www.eff.org/deeplinks/2022/08/code-speech-and-tornado-cash-mixer Treasury Dept sued over Tornado Cash sanctions: https://fortune.com/2022/09/08/coinbase-employees-and-ethereum-backers-sue-u-s-treasury-over-tornado-cash-sanctions/  Further Info Subscribe to the newsletter: https://firewallsdontstopdragons.com/newsletter/new-newsletter/Check out my book, Firewalls Don't Stop Dragons: https://www.amazon.com/gp/product/1484261887 Become a Patron! https://www.patreon.com/FirewallsDontStopDragons Donate directly with Monero! https://firewallsdontstopdragons.com/contact/ Would you like me to speak to your group about security and/privacy? http://bit.ly/Firewalls-SpeakerGenerate secure passphrases! https://d20key.com/#/  Table of Contents Use these timestamps to jump to a particular section of the show. 0:00:42: Interview setup0:02:43: How anonymous are cryptocurrency transactions?0:07:30: What is a cryptocurrency mixer and why would I use one?0:10:34: Kurt's thoughts on "going dark"0:12:45: Physical currency is not technically anonymous, either0:14:07: How did the White House try to fix this problem?0:15:27: Who is OFAC and what is the SDN list?0:16:57: Who or what is Tornado Cash?0:20:23: What about Tornado Cash drew scrunity from the US Gov't?0:22:08: How does all of this relate to free speech?0:26:22: One of the developers was arrested - what's the EFF's take on this?0:29:14: Is a platform responsible for illegal activities related to content they host?0:31:18: What's the limit of free speech when it comes to software code?0:41:00: What free speech rights to platforms themselves have?0:44:42: What about attempts to turn code into books or T-shirts to gain protection?0:48:04: What's next for the Tornado Cash case?0:55:12: Interview wrap-up0:55:46: Looking ahead

Rabbit Hole Recap
Rabbit Hole Recap #218 Greenpeace Can Go Fork Themselves

Rabbit Hole Recap

Play Episode Listen Later Sep 16, 2022 116:47


This week Marty and Matt discuss: - ethereum switches to proof of stake - greenpeace continues to FUD bitcoin - hodlonaut trial starts in Norway - ledger hardware wallets now available at best buy stores - fidelity and charles schwab launch bitcoin exchange - mining pool Poolin announces IOUs amid solvency concerns - Alby v1.15.0 - LDK v0.0.111 - Phoenix v1.4.23 - LNMarkets increases trade limits and moves to nodl cloud - red dirt mining open source mining profitability calculator - OFAC releases additional guidance on tornado cash sanctions - yooper crate guide - brother of former coinbase employee pleads guilty to insider trading - increased surveillance of gun purchases with credit cards Shoutout to our sponsors: Unchained Capital Braiins HodlHodl Upstream Data CrowdHealth TFTC Merch is Available: Shop Now Join the TFTC Movement: Main YT Channel Clips YT Channel Website Twitter Instagram Follow Marty Bent: Twitter Newsletter Podcast Follow Odell: Twitter Newsletter Podcast

Simply Bitcoin
Who's Winning the Craig Wright vs. Hodlonaut Trial? | EP 578

Simply Bitcoin

Play Episode Listen Later Sep 15, 2022 61:02


► NEWS: We cover ThE MeRgE, OFAC wanting to issue license for Tornado Cash coin's, and more news we missed this week ... ► CULTURE: ... plus we cover the Hodlonaut vs CSW trail. Enjoy :). ✔ Simply Bitcoin in Written Form: http://simplybitcoin.news/ ✔ Check out our Sponsors, support Bitcoin ONLY Businesses: ✔ Crypto Cloaks: ► http://www.cryptocloaks.com ► For all of your 3D printed needs: Bitcoin Node Cases, Lightning Network Code Cases, BTC keychains, coasters, 3D Printed Honey Badgers, wallet mounts and a whole lot more ! ► USE PROMO CODE 'SIMPLYBITCOIN' FOR 5% OFF THE CRYPTOCLOAKS.COM STORE! ✔ Citadel21: ► https://www.citadel21.com ► A Bitcoin cultural zine. Bitcoin culture is rich and varied. It contains a multitude of voices, opinions and flavors. Only 1000 of each volume are made. ✔ Swan: ► https://www.swanbitcoin.com ► Swan is the best way to build your Bitcoin stack, with automated Bitcoin savings plans and instant purchases. Serving clients of any size, from $10 to $10M+ ✔ CypherSafe: ► https://cyphersafe.io ► When you've decided to be your own bank and hold your bitcoin yourself, it's time to create a physical backup to protect those keys and your bitcoin. CypherSafe offers a full line of physical stainless steel products to help you protect your bitcoin from various modes of failure. ✔ Represent Clothing: ► https://www.representltd.com ► Check out Represent LTD's full clothing line including collabs, originals & collections. Super comfortable, great fit and Style, there is something for everyone: hoodies, tees, tanks, jackets and more! It's your life...represent accordingly. ✔ Bitbox-02 Bitcoin-Only Edition ► https://www.shiftcrypto.ch/simplybitcoin ► Self custody is the revolution and the BitBox 02 Bitcoin-only edition is secure, open-source, and so easy to setup anyone can use it. Do not keep your bitcoin on an exchange order a BitBox today. Use ‘SIMPLYBITCOIN' for 5% discount. ► USE PROMO CODE SIMPLY-BITCOIN FOR 10% OFF ANYTHING IN THE REPRESENT CLOTHING STORE! ✔ NODL : ► https://www.nodl.eu ► Running Bitcoin, just like in Hal Finney's legendary tweet. Use all the Lightning features thanks to your always on device. Easy to Use, Everyone can run a NODL. Privacy focused. ✔ Join our Telegram, Give us Memes to Review! ► https://t.me/TheSimplyBitcoinChannel ✔ Follow Us! ► https://twitter.com/SimplyBitcoinTV ► https://twitter.com/BITVOLT7 ► https://twitter.com/@My_Livin_Truth ► We are a proud supporter of Bitcoin only businesses. ⚡️ simplybitcoin@getalby.com DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors.

Zero Knowledge
Episode 245: Sanctions against Tornado Cash: a Legal Perspective

Zero Knowledge

Play Episode Listen Later Sep 14, 2022 84:00


In this episode, Anna (https://twitter.com/annarrose) explores the topic of the recent OFAC sanctions against Tornado Cash with 2 interviews: One is with TuongVy Le (https://twitter.com/TuongvyLe12), Head of Regulatory and Policy at Bain Capital Crypto (https://twitter.com/baincapcrypto), who previously worked at the SEC and the other is with Michael Mosier (https://twitter.com/M_Mosier_), General Council at Espresso Systems (https://twitter.com/EspressoSys), who used to work at the Treasury, within FinCen and at OFAC itself. For some context: On August 8th 2022, OFAC, a US government department issued sanctions against Tornado Cash, a privacy protocol that uses zero knowledge proofs to provide on-chain privacy. It was the first time that OFAC had sanctioned a set of smart contracts and a decentralized entity for which there's no clear ownership. This is an event which has had a ripple effect throughout the zk ecosystem and will be the topic explored in a series with different members of the community. In these two initial interviews, Anna explores what actually happened legally, what a sanction is, what kind of a tool is this, why it may have been issued and what problem arose from the way it was issued and how this might impact future understanding of zero knowledge tech through a legal lens. _NOTE: Since our recording OFAC has released an FAQ to clarify some of the legal questions raised in our interviews: https://home.treasury.gov/taxonomy/term/1546 _ Here are some additional links for this episode: * Episode 111: Mixers with Tornado.cash (https://zeroknowledge.fm/111-2/) * Episode 166: Coin Center's Peter Van Valkenburgh on regulation (https://zeroknowledge.fm/166-2/) * Episode 191: ZKPs & the Dichotomy of Privacy vs Transparency with Josh & Jill (https://zeroknowledge.fm/191-2/) * Chainanalysis: Crypto Mixer Usage Reaches All-time Highs in 2022, With Nation State Actors and Cybercriminals Contributing Significant Volume (https://blog.chainalysis.com/reports/crypto-mixer-criminal-volume-2022/) * Circle and Coinbase Restrict Movement of USDC Funds From Tornado Cash Addresses Following Sanctions (https://crypto.news/circle-and-coinbase-restrict-movement-of-usdc-funds-from-tornado-cash-addresses-following-sanctions/) * Rep. Emmer demands an explanation of OFAC's Tornado Cash sanction from Sec. Yellen (https://cointelegraph.com/news/rep-emmer-demands-an-explanation-of-ofac-s-tornado-cash-sanction-from-sec-yellen) * What is OFAC? (https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information) * OFAC Press Release on Tornado Cash (https://home.treasury.gov/news/press-releases/jy0916) * OFAC Identifies Associated Digital Currency Addresses for the First Time (https://home.treasury.gov/news/press-releases/sm556) * Treasury Sanctions Russia-Based Hydra (https://home.treasury.gov/news/press-releases/jy0701) * Blender.io Sanctions (https://home.treasury.gov/news/press-releases/jy0768#:~:text=WASHINGTON%20%E2%80%93%20Today%2C%20the%20U.S.%20Department,laundering%20of%20stolen%20virtual%20currency.) * The Bank Secrecy Act (https://www.fincen.gov/resources/statutes-and-regulations/bank-secrecy-act) * 311 Patriot Act (https://home.treasury.gov/policy-issues/terrorism-and-illicit-finance/311-actions) * FinCEN: Financial Crimes Enforcement Network (https://www.fincen.gov/) * Application of FinCEN's Regulations to Certain Business Models Involving Convertible Virtual Currencies (https://www.fincen.gov/sites/default/files/2019-05/FinCEN%20Guidance%20CVC%20FINAL%20508.pdf) ZK Whiteboard Sessions (https://zkhack.dev/whiteboard/) – as part of ZK Hack and powered by Polygon – a new series of educational videos that will help you get onboarded into the concepts and terms that we talk about on the ZK front. ZK Jobs Board (https://jobsboard.zeroknowledge.fm/) has a fresh batch of open roles from ZK-focused projects. Find your next opportunity working in ZK! Today's episode is sponsored by Polygon (https://polygon.technology/). Introducing Polygon zkEVM. Polygon's vision for zkEVM is simple: developers can deploy any Ethereum smart contract to a Layer 2 and benefit from the scaling power of ZK proofs. Public testnet is coming soon! If you'd like to learn more about Polygon zkEVM and stay updated on the latest - fill out the form here. (https://polygon.technology/buildonzkevm) If you like what we do: * Find all our links here! @ZeroKnowledge | Linktree (https://linktr.ee/zeroknowledge) * Subscribe to our podcast newsletter (https://zeroknowledge.substack.com) * Follow us on Twitter @zeroknowledgefm (https://twitter.com/zeroknowledgefm) * Join us on Telegram (https://zeroknowledge.fm/telegram) * Catch us on Youtube (https://zeroknowledge.fm/) * Head to the ZK Community Forum (https://community.zeroknowledge.fm/) * Support our Gitcoin Grant (https://zeroknowledge.fm/gitcoin-grant-329-zkp-2)

Ethereum Daily - Crypto News Briefing
OFAC Clarifies Process For Tornado Cash Withdrawals

Ethereum Daily - Crypto News Briefing

Play Episode Listen Later Sep 14, 2022 4:14


OFAC updates its FAQ for Tornado Cash sanctions, Doodles raises a $54 million funding round, Cloudflare announces support for The Merge, and FranklinDAO publishes a proposal to deploy Uniswap V3 on zkSync. Newsletter: https://ethdaily.link/signup

Web3 101
S1E6|因涉洗钱被禁,Tornado Cash事件对以太坊POS升级的冲击

Web3 101

Play Episode Listen Later Sep 13, 2022 39:24


8月,OFAC(美国财政部外国资产控制办公室)对混币协议Tornado Cash的制裁,引发了一场对去中心化和隐私需求的大讨论;同时随着以太坊The Merge升级临近,POS和POW的优劣之分,叠加上OFAC的变量后,再次让我们对去中心化路线的选择,代价以及妥协有了新的思考。 主播|阿伟 Awaei ,Twitter:@web3awaei (https://twitter.com/web3awaei) 嘉宾|张元杰,Conflux Network (https://confluxnetwork.org/)联合创始人兼COO,Twitter:@forgivenever (https://twitter.com/forgivenever) 【你将听到】 Tornado Cash 01:12 Tornado Cash是什么?OFAC的严厉制裁 03:33 Tornado Cash是中立协议吗?零知证明科普 06:21 Tornado Cash的去中心化详解 17:30 Tornado Cash DAO和协议之间的关系 19:47 Tornado Cash设计之初,就考虑到了自证清白 以太坊 22:11 OFAC出现后,再看POW和POS 26:20 转POS后,以太坊或成「核威慑工具」 29:53 区块链建立在利益最大化的动态博弈上 34:02 一个猜测:以太坊在走一条下坡路 【相关阅读】 * 姚期智百万富翁问题:大数据时代,如何保护个人隐私? (https://www.ixigua.com/6964666618957791752?logTag=d39d56228f5817026636) * 或66%的POS验证节点在OFAC射程范围Twitter (https://twitter.com/TheEylon/status/1558911348255461378) 【提及产品】 RPC(Remote Procedure Calls) 远程过程调用协议:从一台机器(客户端)上通过参数传递的方式调用另一台机器(服务器)上的一个函数或方法(可以统称为服务)并得到返回的结果。 Infura (https://infura.io/:):节点服务商 Alchemy (https://www.alchemy.com):节点服务商 GETH (https://geth.ethereum.org/):以太坊官方社区开发的客户端 IPFS (https://ipfs.tech/):分布式存储网络传输协议 kraken (https://www.kraken.com/): 加密货币交易所 【BGM】 Mumbai — Ooyy 【后期】 丘丘 【在这里找到我们】 中国用户:苹果播客|小宇宙 海外用户:Apple Podcast|Google Podcast|Amazon Music|Spotify Twitter:@Web3_101 (https://twitter.com/Web3_101) 【嘉宾言论仅代表个人,本期节目不构成任何投资建议哦】

Herbert Smith Freehills Podcasts
Designated/The Bettor's Verdict: Tornado Cash – A Discussion About Sanctions on Crypto Blenders

Herbert Smith Freehills Podcasts

Play Episode Listen Later Sep 12, 2022 30:30


Our Designated and Bettor's Verdict podcasts hosts, Jonathan Cross and Steve Jacobs, come together to discuss OFAC's recent sanctions on Tornado Cash, a crypto blender running through smart contracts on the Ethereum blockchain, and a recent lawsuit to block these sanctions. Jonathan and Steve discuss the traditional reach of sanctions power, and whether that power can be applied to open-source software.

Collecting Weekly
OFAC EP76: Reva

Collecting Weekly

Play Episode Listen Later Sep 12, 2022 89:58


Join us this week where we talk through all the new release and upcoming pre orders in the last two weeks

Daily Crypto Report
"DBS acquiring land in The Sandbox" September 11, 2022

Daily Crypto Report

Play Episode Listen Later Sep 11, 2022 3:20


Today's blockchain and cryptocurrency news Brought to you by watchthiscards.com Bitcoin is down .5% at $21,560 Ethereum is down slightly at $1767 and Binance Coin down slightly at $295 DBS is acquiring a 3x3 plot of land in The Sandbox Algorand Foundation has $35M of exposure to troubled lender Hodlnaut Vitalik Buterin surprises guests at Kyiv Tech Summit. Blockchain. com to open an office in Dubai. Paradigm says infrastructure providers should not be subject to US treasury sanctions.

The Cyberlaw Podcast
The Cyberlaw Podcast: All the Cyberlaw You Missed in August

The Cyberlaw Podcast

Play Episode Listen Later Sep 7, 2022 73:33


This is our return-from-hiatus episode. Jordan Schneider kicks things off by recapping passage of a major U.S. semiconductor-building subsidy bill, while new contributor Brian Fleming talks with Nick Weaver about new regulatory investment restrictions and new export controls on (artificial Intelligence (AI) chips going to China. Jordan also covers a big corruption scandal arising from China's big chip-building subsidy program, leading me to wonder when we'll have our version. Brian and Nick cover the month's biggest cryptocurrency policy story, the imposition of OFAC sanctions on Tornado Cash. They agree that, while the outer limits of sanctions aren't entirely clear, they are likely to show that sometimes the U.S. Code actually does trump the digital version. Nick points listeners to his bracing essay, OFAC Around and Find Out. Paul Rosenzweig reprises his role as the voice of reason in the debate over location tracking and Dobbs. (Literally. Paul and I did an hour-long panel on the topic last week. It's available here.) I reprise my role as Chief Privacy Skeptic, calling the Dobb/location fuss an overrated tempest in a teapot. Brian takes on one aspect of the Mudge whistleblower complaint about Twitter security: Twitter's poor record at keeping foreign spies from infiltrating its workforce and getting unaudited access to its customer records. In a coincidence, he notes, a former Twitter employee was just convicted of “spying lite”, proves it's as good at national security as it is at content moderation. Meanwhile, returning to U.S.-China economic relations, Jordan notes the survival of high-level government concerns about TikTok. I note that, since these concerns first surfaced in the Trump era, TikTok's lobbying efforts have only grown more sophisticated. Speaking of which, Klon Kitchen has done a good job of highlighting DJI's increasingly sophisticated lobbying in Washington D.C. The Cloudflare decision to deplatform Kiwi Farms kicks off a donnybrook, with Paul and Nick on one side and me on the other. It's a classic Cyberlaw Podcast debate.  In quick hits and updates: Nick and I cover the sad story of the Dad who photographed his baby's private parts at a doctor's request and, thanks to Google's lack of human appellate review, lost his email, his phone number, and all of the accounts that used the phone for 2FA.  Paul brings us up to speed on the U.S.-EU data fight: and teases tomorrow's webinar on the topic. Nick explains the big changes likely to come to the pornography world because of a lawsuit against Visa. And why Twitter narrowly averted its own child sex scandal.  I note that Google's bias against GOP fundraising emails has led to an unlikely result: less spam filtering for all such emails.  And, after waiting too long, Brian Krebs retracts the post about a Ubiquity “breach” that led the company to sue him.

Chain Reaction
How Censorship Resistant is Ethereum? With Jon Charbonneau

Chain Reaction

Play Episode Listen Later Sep 7, 2022 72:52


In this episode, we dive into Ethereum's censorship resistance with Jon Charbonneau, Research Associate at Delphi Digital. We discuss the effects of OFAC sanctions on Tornado Cash, MEV & builder centralization, mechanisms to mitigate censorship, and much more. Show Notes: (00:00:00) – Introduction. (00:00:42) – Censorship, Tornado Cash, & OFAC sanctions. (00:03:46) – New actors under Proof-of-Stake (PoS). (00:12:50) – Economics for builders, relayers, & validators. (00:15:47) – MEV on rollups. (00:20:50) – Block builder and relayer centralization. (00:27:49) – Types of censoring on Ethereum. (00:31:00) – Censoring on PoW vs. PoS. (00:35:33) – How does it all play out? (00:46:43) – Building in a quasi-permissioned world. (00:51:07) – Censorship mitigating mechanisms. (00:59:19) – What comes after The Merge? (01:10:22) – Risks of private order flow. Resources: Jon's Twitter The Hitchhiker's Guide to Ethereum The Complete Guide to Rollups More

Unchained: Your No-Hype Resource for All Things Crypto
The Chopping Block: Why DeFi May Be Over-Complying With Tornado Cash Sanctions - Ep. 392

Unchained: Your No-Hype Resource for All Things Crypto

Play Episode Listen Later Sep 3, 2022 59:15


Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi and Tom Schmidt chop it up about the latest news in the digital asset industry. In this episode, Jill Gunter, the empress of Espresso, also joined the conversation.    Show topics: Whether product management is the new consulting What is going to happen with macroeconomics and whether monetary policy is data-driven Why Jill's faith is getting renewed, especially after listening to Fed authorities The TL;DR on the Ava Labs conspiracy story Why the industry needs a decentralized RPC The role of Flashbots and Ethermine in censoring transactions  Potential over-compliance from the biggest crypto projects on how to deal with sanctioned addresses Whether social slashing allows Ethereum to stay uncensored The importance of educating regulators on crypto What Haseeb thinks lawyers would recommend to Coinbase about validating transactions from sanctioned addresses The significance of both transactional and application-layer privacy How stablecoin providers need to implement some basic levels of privacy Why corporations do not run Ethereum and whether users are pro-OFAC restrictions Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt   Guest Jill Gunter Twitter: https://twitter.com/jillrgunter Episode Links   Tornado Cash Treasury Press release  Tornado Cash developer arrested  Circle freezes USDC in sanctioned wallets Crypto exchange dYdX blocked accounts that received funds from Tornado Cash What the sanctions mean for privacy coins Celebrities get dusted Previous coverage of the Tornado Cash Sanctions on Unchained: Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No  Tornado Cash Sanctioned. Did the Government Overstep Its Bounds? The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash? Ava Labs Accusations: CoinDesk article  Crypto Leaks article   Social Slashing and Censorship on ETH Axios summary of the situation BitMex research on how the sanctions affect Ethereum Ethermine banning transactions Nic Carter's article Eric Wall's article on social slashing Hetzner banning Ethereum users Previous Coverage on Unchained Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?

Bitcoin Italia Podcast
S04E30 - Figura di merge

Bitcoin Italia Podcast

Play Episode Listen Later Sep 1, 2022 72:51


Tutti i nodi vengono al pettine ed Ethereum finalmente mostra al mondo il suo vero volto. Censura, centralizzazione e vassallaggio al potere costituito. In scena ad agosto la pietra tombale sul progetto di Vitalik Buterin.Vi portiamo tra i corridoi della Surfin Bitcoin di Biarritz, dove innovazione, distribuzione e tecnologia avanguardista sono state davvero l'unico focus. In una parola: Bitcoin.There's no second best.It's showtime again!

Blockcrunch: Crypto Deep Dives
The Bull and Bear Case for the Merge: Anthony Sassano, Ep. 210

Blockcrunch: Crypto Deep Dives

Play Episode Listen Later Aug 30, 2022 75:29


The Merge, which marks the official transition to Proof-of-Stake, is slated to occur around September 15 - 16th and is possibly the largest crypto event to happen in a long time. The transition to Proof-of-Stake is supposedly a bullish event, but lately, there have been concerns raised on whether it is the right move.  If you're a founder or investor in crypto, you should be prepared for what's to come. Today, we have Anthony Sassano, one of the largest proponents and educator of Ethereum on the show to share with us: What is The Merge How OFAC's censorship may affect Ethereum Is Proof-of-Stake really better than Proof-of-Work? Reasons to be bullish for Proof-of-Stake   Host: Jason Choi @mrjasonchoi . Not financial advice.   ------------ Timestamps ------------- (00:00:00) – Introduction (00:01:40) – Introduction to OFAC & The Merge (00:03:06) – What is The Merge (00:10:21) – Why might there be 2 Ethereum chains after The Merge? (00:17:46) – What is OFAC and why is it scary? (00:28:50) – Would PoW be more censorship-resistant than PoS? (00:39:54) – Why is it harder for OFAC to enforce sanctions in PoW? (00:45:49) – Pros and cons of social slashing (00:57:19) – How are Flashbots and MEV contributing to censorship? (01:02:35) – Reasons to be bullish for PoS   ----------- Sponsors ------------- dYdX is the Leading Decentralized Exchange for trading perpetual contracts. Users enjoy low fees, deep liquidity, up to 20x more buying power and even earn $DYDX from trading. Trade on dYdX today at: https://trade.dydx.exchange     ----------- More Resources --------- Guest Anthony Sassano's Twitter: https://twitter.com/sassal0x   Blockcrunch Blockcrunch VIP: https://blockcrunch.substack.com/ Blockcrunch Twitter: https://twitter.com/theBlockcrunch Jason Choi's Twitter: https://twitter.com/mrjasonchoi   ------------ Disclosures ------------- Disclaimer: The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch's guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch's podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.

Fork It
#22 - PoW vs PoS

Fork It

Play Episode Listen Later Aug 30, 2022 100:09


Tornado.cash 被制裁,ETH 即将升级到 PoS, 超过 66% Staking Service 是美国的合规机构。 ETH升级后可能会面临协议级审查吗?如果会,这将意味着什么?如果是 PoW 会不会有什么不同? 带着这些问题,让我们节目的老朋友王博(Cipher) 给你慢慢聊聊 PoW vs PoS 的话题。 Shownotes 播客客户端推荐 Castro (https://castro.fm/) Overcast (https://overcast.fm/) Pocket Casts (https://pocketcasts.com/) U.S. Treasury Sanctions Notorious Virtual Currency Mixer Tornado Cash (https://home.treasury.gov/news/press-releases/jy0916) OFAC (https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information) Ethereum The Merge (https://ethereum.org/en/upgrades/merge/) Mining 向左,Staking 向右——公链的两大演进方向与价值分析 (https://talk.nervos.org/t/mining-staking/3028) Poll: If regulators ask you to censor at the ethereum protocol level with your validators will you (https://twitter.com/LefterisJP/status/1558944794658873344) 坎蒂隆效应 (https://baike.baidu.com/item/%E5%9D%8E%E8%92%82%E9%9A%86%E6%95%88%E5%BA%94/9181511) 通往奴役之路 (https://zh.wikipedia.org/wiki/%E9%80%9A%E5%BE%80%E5%A5%B4%E5%BD%B9%E4%B9%8B%E8%B7%AF) Brian Armstrong: … if we did we'd go with B i think… (https://twitter.com/brian_armstrong) MEV (https://ethereum.org/en/developers/docs/mev/) Flashbots (https://github.com/flashbots/pm) Haseeb (https://twitter.com/hosseeb) How DeFi cannibalizes PoS security (https://haseebq.com/how-defi-cannibalizes-pos-security/) Long Range Attack (https://dlt-repo.net/long-range-attack-in-proof-of-stake-pos-blockchains/) Weak Subjectivity (https://academy.binance.com/en/glossary/weak-subjectivity) Nothing-at-stake problem (https://golden.com/wiki/Nothing-at-stake_problem) 托拉斯 (https://zh.wikipedia.org/zh-hant/%E6%89%98%E6%8B%89%E6%96%AF) Proof of Capacity (https://www.investopedia.com/terms/p/proof-capacity-cryptocurrency.asp) Economic Proof of Work (https://eprint.iacr.org/2020/1117) OPPO Watch 3 (https://www.oppo.com/cn/accessories/oppo-watch-3-pro/) Special Guest: 王博.

Unchained: Your No-Hype Resource for All Things Crypto
Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant? - Ep. 390

Unchained: Your No-Hype Resource for All Things Crypto

Play Episode Listen Later Aug 30, 2022 83:09


Andrew Hinkes, partner at K&L Gates and adjunct professor at NYU, and Martin Koeppelman, co-founder of Gnosis, talk about the sanctions on Tornado Cash, how they will impact Ethereum on the base layer, and the likelihood of having two chains.    Show highlights: the legal meaning of the OFAC sanctions on Tornado Cash and why it is causing complications how legislation is built for the fiat world, and how in DeFi and crypto there's no clarity  how miners have changed their behavior prior to the Merge whether a proof of work chain or a proof of stake chain would be more censorship resistant whether laws apply to validators in a PoS chain the ways in which the government could provide more clarification  the different entities involved in Proof of Stake the liabilities for each entity in PoS and what secondary liability is how the task of the bidder can be described as a mathematical optimization problem whether Lido is exposed to US regulations how long would it take for a large staker like Coinbase to stop being a validator how a user-activated soft fork works and the conditions in which a fork could happen whether social slashing is enforceable considering it is not in the protocol the likelihood of Ethereum becoming a permissioned system the role of Flashbots' relay code and what it means for Ethereum's censorship resistance how DeFi's exposure to US-based institutions can affect the likelihood of the chain complying with sanctions whether DAI is just wrapped USDC how MakerDAO is trying to be more independent of USDC why US-based companies will choose a conservative path, considering the lack of guidance the importance of educating the regulators  how cash and crypto are the only remaining private payment methods  Thank you to our sponsors!   Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Ava Labs: https://avax.network a16z: https://link.chtbl.com/HObAJQDL?sid=unchained   Andrew Twitter: https://twitter.com/propelforward   Martin Twitter: https://twitter.com/koeppelmann   Previous Coverage of the Tornado Cash Sanctions on Unchained: Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No: https://unchainedpodcast.com/is-trm-labs-blocking-addresses-from-defi-protocols-ari-redbord-says-no-ep-387/ Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?: https://unchainedpodcast.com/tornado-cash-sanctioned-did-the-government-overstep-its-bounds-ep-384/ The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?: https://unchainedpodcast.com/the-chopping-block-did-ofac-overstep-by-sanctioning-tornado-cash-ep-386/     Social Slashing and Censorship on ETH Axios summary of the situation: https://www.axios.com/2022/08/23/how-transactions-might-be-censored-after-ethereum-changes-next-month   BitMex research on how the sanctions affect Ethereum: https://blog.bitmex.com/ofac-sanctions-ethereum-pos-some-technical-nuances/   Ethermine banning transactions: https://twitter.com/takenstheorem/status/1560690035955011585?s=20&t=59hWdhr8_O-hYA8uYnZJ8w   Nic Carter's article: https://www.coindesk.com/layer2/2022/08/25/if-ethereum-starts-slashing-it-burns/   Eric Wall's article on social slashing: https://ercwl.medium.com/the-case-for-social-slashing-59277ff4d9c7   CoinDesk article: https://www.coindesk.com/tech/2022/08/23/as-censorship-on-ethereum-begins-could-this-open-sourced-code-help-counter-it/?outputType=amp   Hetzner banning Ethereum users: https://twitter.com/koeppelmann/status/1563146729314467840?s=20&t=ubFhCQqrQyHKfflgMHEmJw   Tornado Cash Treasury Press release:  https://home.treasury.gov/news/press-releases/jy0916#:~:text=WASHINGTON%20%E2%80%93%20Today%2C%20the%20U.S.%20Department,since%20its%20creation%20in%202019 Developer arrested: https://www.fiod.nl/arrest-of-suspected-developer-of-tornado-cash/ Rep. Emmer's letter: https://twitter.com/RepTomEmmer/status/1562084891247902721?s=20&t=9J3c3scVdxsLKVcFovaWdQ Tornado Cash post on compliance: https://tornado-cash.medium.com/tornado-cash-compliance-9abbf254a370 Coin Center's article authored by Jerry Brito and Peter Van Valkenburgh: https://www.coincenter.org/u-s-treasury-sanction-of-privacy-tools-places-sweeping-restrictions-on-all-americans/ Second Coin Center article authored by Jerry Brito and Peter Van Valkenburgh: https://www.coincenter.org/analysis-what-is-and-what-is-not-a-sanctionable-entity-in-the-tornado-cash-case/ Coin Center may challenge the US Treasury's decision to sanction Tornado Cash: https://decrypt.co/107475/coin-center-tornado-cash-ban-court What the sanctions mean for privacy coins: https://www.coindesk.com/layer2/2022/08/09/what-the-tornado-cash-sanction-means-for-privacy-coins/ Celebrities get Dusted: https://decrypt.co/es/107090/tornado-cash-dusts-public-wallets-jimmy-fallon-brian-armstrong-steve-aoki-logan-paul   DAI and USDC Maker forum: https://forum.makerdao.com/t/the-path-of-compliance-and-the-path-of-decentralization-why-maker-has-no-choice-but-to-prepare-to-free-float-dai/17466 https://decrypt.co/107273/makerdao-founder-dai-drop-dollar-peg-tornado-cash-usdc Circle freezes USDC in sanctioned wallets: https://www.theblock.co/post/162172/circle-freezes-usdc-funds-in-tornado-cashs-us-treasury-sanctioned-wallets      Flashbots Flashbots relay open source: https://twitter.com/hasufl/status/1559908331145265156?s=20&t=gtHe5sVetxQXVKfZL2VMYg MEV Boost: https://www.alchemy.com/overviews/mev-boost MEV in ETH PoS: https://writings.flashbots.net/writings/mev-boost-call-for-testing Proposer-Builder separation: https://www.alchemy.com/overviews/proposer-builder-separation

Collecting Weekly
OFAC EP75: The Bat

Collecting Weekly

Play Episode Listen Later Aug 29, 2022 170:41


Join us after our two weeks break to have a look at all the new sixth scale releases of the last two weeks and to make it even better we are joined by the legend Lane!!!

Long Reads Live
Tether Chooses to ‘OFAC Around and Find Out'

Long Reads Live

Play Episode Listen Later Aug 27, 2022 19:08


This episode is sponsored by Nexo.io, Chainalysis and FTX US.   On today's episode, NLW looks at the latest news on Tornado Cash sanctions. Specifically, he looks at Tether's announcement this week that the stablecoin issuer would not blacklist addresses from Tornado Cash unless U.S. law enforcement specifically asked it to do so.  - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io. - Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world's most high-profile criminal cases. For more information, visit www.chainalysis.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter's mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: sesame/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.  

Mission: DeFi
DeFi Lunch (Ep 183) - August 26, 2022 - FooBar to talk Canto, Merge, & More

Mission: DeFi

Play Episode Listen Later Aug 27, 2022 62:37


Judge approves retention bonuses for Voyager team in order to help creditors that opposed the bonuses - https://www.theblock.co/post/165783/voyager-approved-to-pay-up-to-1-9-million-in-bonuses-to-retain-employees Jordi Alexander on why Ethereum will not run post merge - https://newsletter.banklesshq.com/p/is-the-merge-overhyped?triedSigningIn=true Hetzner is cutting off anything crypto related including trading from their servers CoinCenter.org does a brilliant analysis of Tornado Cash in order to bolster their case against OFAC - https://www.coincenter.org/analysis-what-is-and-what-is-not-a-sanctionable-entity-in-the-tornado-cash-case/ FooBar (https://twitter.com/0xfoobar) joins us again to talk Merge, Canto, and his new project on Canto. (https://canto.io) called Forte (https://forteswap.xyz/) Joe Cawley and Brad Nickel cover the DeFi news of the day, new opportunities in the space including liquidity pools, yield farming, staking, and much more. This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel, Joe Cawley, and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all. --- Support this podcast: https://anchor.fm/missiondefi/support

PitchIt
Weekly News Roundup - August 25, 2022

PitchIt

Play Episode Listen Later Aug 27, 2022 33:07


The Fintech Nexus weekly news show covers the top stories in fintech.This week's list of top stories includes:The 30-Year-Old Spending $1 Billion to Save CryptoGoldman may tap brakes, again, on consumer unit's next big thingGoldman Sachs Should Kill Its Planned Marcus Checking AccountFintech Ramp Dives Into ‘Buy Now, Pay Later' Market With New ‘Flex' Offering For BusinessesAs Crypto Slumps, Goldman Sachs Aims for a Wall Street Built on BlockchainA showdown is coming over who is liable for P2P payments fraudCoinbase CEO says crypto exchange has ongoing plans to cut costs and is actively engaged with regulatorsAndreessen Horowitz Says Crypto Can Shift Power Away From Big Internet Companies: ReportBank of America Beefs Up Tech Offerings as Digital Logins Rise to a RecordTornado Cash sanctioned by US Department of Treasury, OFAC.Seedrs Tops £2 billion

On The Brink with Castle Island
Weekly Roundup 08/26/22 (Emmer's OFAC letter, Stables resist TC blacklists, Gensler's OpEd) (EP.343)

On The Brink with Castle Island

Play Episode Listen Later Aug 26, 2022 42:52


Matt and Nic return for news and deals of the week. In this episode:  Matt's prior radio career The boys consider reinvesting in the podcast How to avoid audience capture We puzzle over metaverse advertising How do you value metaverse real estate? Rep. Tom Emmer writes a letter to OFAC questioning their sanctioning of Tornado Cash Tether and BUSD (Paxos) don't blacklist Tornado Cash addresses The FDIC reprimands crypto companies Web3 hoodies Best podcast listening speeds Are security tokens and real world assets back? No new 3ac shenanigans Tadge Dryja leaves MIT DCI for David Marcus' Lightspark New findings on OFAC censoring Bitcoin Mining pools Tether has a new auditor Can a firm with outstanding tokens be acquired or go public? Gensler's weird op-ed Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter

The Good Morning Crypto Show
E132 | SEC WARNING, RIPPLE XRP GOING GLOBAL w/ JamesRuleXRP

The Good Morning Crypto Show

Play Episode Listen Later Aug 25, 2022 61:23


Today on Good Morning Crypto…  We will be discussing… Ripple is expanding across the globe, opening a new payment corridor in one of the largest remittance locations on the planet.  US Congressman Tom Emmer is sticking up for crypto, calling out the OFAC for its sanctions against Tornado Cash.   China is in the final stages of testing its digital Yuan, now allowing citizens to purchase public transportation via their CBDC. What could this mean for western nations as China inches closer to their launch date.  Cardano is gearing up for a massive network upgrade, as XRP developers are creating a solution for investors to avoid centralized exchanges.  New studies find 88% of Americans have heard of cryptocurrencies, yet only a fraction of those have invested in this new asset class.  Gary Gensler and SEC call themselves the “cops” of the digital asset space, warning investors that “lots of crypto tokens will fail”.  And we ask our special guest about his sentiment on the crypto market, sharing his perspective as a crypto educator.  // JamesRuleXRP Twitter: https://twitter.com/RuleXRP Youtube: https://www.youtube.com/c/JamesRuleXRP // Join The Uncommon 1% https://form.typeform.com/to/ZNpnYOz3?typeform-source=linktr.ee&typeform-medium=newtab-linktree // Merlin - Crypto Tracking App Waitlist https://mailchi.mp/b08098dd5a99/merlin // Linqto - Pre IPO Investing https://www.linqto.com/?cjevent=b65ecbbec46011ec81b91b3a0a1c0e10 //// T H E 3 T W A R R I O R A C A D E M Y // Join the 3T Warrior Academy: https://3twarrior.com/warrioracademy?affiliate_id=3827481 // Join our Free Discord: https://3twarrior.com/discord49541345 //// F O L L O W T H E T E A M // Official Good Morning Crypto https://linktr.ee/3tGMCrypto Twitter: https://twitter.com/3tGMCrypto // Abs  Instagram: https://www.instagram.com/Abs3t/ TikTok: @abs3t // Mario | Node Defender https://linktr.ee/nodedefender Twitter: https://twitter.com/NodeDefender Youtube: https://youtube.com/channel/UCnld-Xvam562HFQDOIBwymw Instagram: https://www.instagram.com/NodeDefender/ // Johnny Krypto https://linktr.ee/johnnykrypto Twitter: https://twitter.com/JohnnyKrypto00 YouTube: https://www.youtube.com/channel/UCm-qyQNf1rnUaw6u20mKCVw // Gonzo Twitter: https://twitter.com/gonzo_3t Instagram: https://www.instagram.com/gonzo_3t/ // Selman Twitter: https://twitter.com/SelmanGee YouTube: https://www.youtube.com/c/GeeInvesting // NFTtones: https://linktr.ee/NFTtones // Billy Twitter: https://twitter.com/WadkinsBilly TikTok: @Homeless2Humbled Instagram: https://www.instagram.com/homeless2humbled_ //// #Crypto #CryptoNews #Bitcoin #BTC #ethereum #eth #ripple #xrp Learn more about your ad choices. Visit megaphone.fm/adchoices

The Bad Crypto Podcast
What is the Ethereum Merge with Matt Cutler

The Bad Crypto Podcast

Play Episode Listen Later Aug 25, 2022 67:45


Ethereum is the second biggest thing in crypto, and it may one day flip Bitcoin in market cap. But the big news around Vitalik's creation is the upcoming switch from proof-of-work to proof-of-stake. We have questions and concerns about this major change in how the Ethereum chain will operate.  So today we welcome Matt Cutler of Blocknative to the show to answer all our questions about the Ethereum merge. Someone call 911 because it's an Ethmergency on episode #630 of The Bad Crypto Podcast. Full Show Notes at:  00:00 - Intro - Twitter and jokes; don't miss 08:02 - Matt Cutler, CEO of Blocknative 08:43 - A pre-chan internet? Is that possible? Matt gives his history in the technology space 09:40 - What is Blocknative?  11:03 - When did you get on board with blockchain and crypto?  12:25 - Early introduction to the Internet, and a comparison to the current early cryptocurrency market and adoption.  14:18 - What's broken with Ethereum that we even need to move from POW to POS?  15:12 - We need more scalability for transactions beyond the current 13-14 transactions per second. Matt explains.  16:50 - In order to get to a future state without sacrificing decentralization, Ethereum determined it would be best to move from POW to POS.  17:25 - In a POW system, you need to operate computers to solve problems on the network, which also require large amounts of energy to operate. Externalities include the conversion of cryptocurrency to fiat to afford operating the system. These are problems proof-of-stake can solve. 18:45 - Reduced energy impact of operating the network is a benefit. 19:45 - What is the easiest, dumbed down way to explain the Ethereum Merge?  22:28 - What are we going to see? Are we going to see lower gas fees?  24:48 - Is there going to be a time where the Ethereum miners are going to be upset and earning less money? Will that cause people to flock to Ethereum Classic? 28:51 - Miles Sudor makes the case this merge is extremely dangerous for some of the reasons you mentioned, including UDC basically decides which chain wins and which chain loses. All of this introduces due to the OFAC regulation that base layer protocol censorship would be introduced on Ethereum, meaning very centralized crypto, which is not what Ethereum was intended to be. What are your thoughts on that?  36:41 - According to my research, there are over 4,000 ERC-20 tokens. What about those tokens? Will the Merge be noticeable to them? Will they have to upgrade their tokens?  42:32 - Let's play a game here, and I want you to think about a nightmare scenario. What is the worst thing that could happen if everything goes belly-up here?  43:30 - The nightmare scenario for any chain - Bitcoin, Ethereum - is that the network stops producing blocks. 45:18 - This is a big event in technology.  45:55 - What's the best case scenario? People are saying this is like a triple-halvening.  49:25 - What is Vitalik saying about the Merge?  49:50 - What should people be thinking about doing now, because if it is proof of stake, where and how should we be staking our Ethereum to earn other Ethereum? What are the parameters around that and how does that work?  51:00 - How do people stake?  01:00:00 - Outro with Joel's golf story  SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunesGoogle Podcasts: http://badco.in/googleSpotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubyaFacebook: /BadCrypto - /JoelComm - /teedubyawFacebook Mastermind Group: /BadCryptoLinkedIn: /in/joelcomm - /in/teedubyaInstagram: @BadCryptoPodcastEmail: badcryptopodcast[at]gmail[dot]comPhone: SEVEN-OH-8-88FIVE- 90THIRTY   DISCLAIMER:Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.

Late Confirmation by CoinDesk
BREAKDOWN: Tether Chooses to ‘OFAC Around and Find Out'

Late Confirmation by CoinDesk

Play Episode Listen Later Aug 25, 2022 19:07


The stablecoin issuer says it won't blacklist addresses unless law enforcement specifically asks it to do so.This episode is sponsored by Nexo.io, Chainalysis and FTX US.On today's episode, NLW looks at the latest news on Tornado Cash sanctions. Specifically, he looks at Tether's announcement this week that the stablecoin issuer would not blacklist addresses from Tornado Cash unless U.S. law enforcement specifically asked it to do so. -Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.-Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world's most high-profile criminal cases. For more information, visit www.chainalysis.com.-FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.-I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter's mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.-“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: sesame/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Epicenter - Learn about Blockchain, Ethereum, Bitcoin and Distributed Technologies
Peter Van Valkenburgh: Coin Center – The Sanction on Tornado Cash

Epicenter - Learn about Blockchain, Ethereum, Bitcoin and Distributed Technologies

Play Episode Listen Later Aug 24, 2022 99:01


On August 8, 2022, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash, citing allegations it helped North Korea's Lazarus hacker group launder millions of dollars worth of crypto proceeds stolen from various crypto projects over the past few years. Coin Center believe that OFAC has overstepped its legal authority by adding certain Tornado Cash smart contract addresses to the Specially Designated Nationals And Blocked Persons (SDN) List, potentially violating US Americans' constitutional rights to due process and free speech.Peter Van Valkenburgh, Director of Research at Coin Center, joined us for an in-depth look at how OFAC operates, why he believes this sanctioning represents an overreach, what's next for Tornado Cash, and what this means for the rest of the blockchain ecosystem.Topics covered in this episode:An overview of the Tornado Cash caseWhat is the Office of Foreign Assets Control (OFAC)?How is it determined who gets on the OFAC list? What happens to you if you're on the list?Does this only apply to US Americans?How does one get removed from the list?What did Tornado Cash do wrong, and what should they have done?Is there an acceptable level of maliciousness within the system?Comparison to PGPWhy Tornado Cash was targeted over other privacy enhancing toolsThe reaction from the crypto ecosystemEpisode links:OFAC - The Office of Foreign Assets ControlCoin CenterTornado Cash on TwitterCoin Center on TwitterPeter on TwitterJoin the Epicenter team!Sponsors:Tally Ho: Tally Ho is a new wallet for Web3 and DeFi that sees the wallet as a public good. Think of it like a community-owned alternative to MetaMask. - https://epicenter.rocks/tallycashThis episode is hosted by Friederike Ernst. Show notes and listening options: epicenter.tv/458

Bankless
The Death of Crypto Privacy? with Jake Chervinsky

Bankless

Play Episode Listen Later Aug 24, 2022 85:16


On today's State of the Nation, it's time to bring back the crypto legal mind of Jake Chervinsky. With the recent OFAC sanctions against Tornado Cash and the cascading chilling effect, our digital rights are under attack. Have we seen the death of crypto privacy? What can we do to help advocate for digital justice? As always, Jake brings a thoughtful and measured approach to these crucial topics. ------  Chainlink | Register for SmartCon 2022 with promo code “BANKLESS” https://bankless.cc/smartcon  ------  SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/    ️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/    ------ BANKLESS SPONSOR TOOLS:   LENS | ACCESS CODE: VITALIK https://bankless.cc/Lens   ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool  ️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum   BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave   JUNO | BRIDGE FIAT TO LAYER 2 https://bankless.cc/Juno  ️ ZKSYNC | THE LAYER 2 SCALING ENDGAME https://bankless.cc/zkSync  ----- Resources: Jake Chervisnky: https://twitter.com/jchervinsky  Set Alex Free: https://setalexfree.nl/  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Bitcoin Dad Pod
Episode 36: Going Ad Hominem

Bitcoin Dad Pod

Play Episode Listen Later Aug 23, 2022 61:23


News Even Politico has noticed that southern European countries will have a hard time staying in the Eurozone (https://www.politico.eu/article/mind-the-gap-southern-european-economies-have-diverged-spain-italy-portugal-greece/) Craig Wright loses suit against Hodlnaut (https://bitcoinmagazine.com/culture/timeline-of-hodlonaut-craig-wright-case), still costs $112,000 to Hodlnaut Economics The silent depression (https://blogs.cfainstitute.org/investor/2020/02/11/the-silent-depression-trundling-is-the-new-booming/) shows that personal experience of financial hardship m Tokenomics Long form pieces about Kyle Davies and Su Zu (https://nymag.com/intelligencer/article/three-arrows-capital-kyle-davies-su-zhu-crash.html) of 3ac Nova Labs, aka Helium, is still aquiring startups (https://www.theregister.com/2022/08/18/freedomfi_nova/) in a bid to remain relevant No premine, but insiders take 35% cut every month (https://coinmarketcap.com/alexandria/article/what-is-helium-hnt-features-tokenomics-and-price-prediction) Helium lies about business partnerships (https://decrypt.co/106420/helium-pledges-rigorous-process-after-salesforce-lime-deny-partnerships), a typical scam technique Brian Armstrong claims he would shut down Coinbase ETH staking (https://twitter.com/brian_armstrong/status/1560016827253551104) rather than comply with OFAC censorship Top 4 ETH staking pools make up nearly 58% of staking (https://bmpro.substack.com/p/the-ethereum-merge-risks-flaws-and) Bitcoin Education Mapping the nodes of the bitcoin peer to peer network (https://medium.com/@gloriazhao/map-of-the-bitcoin-network-c6f2619a76f3) by Gloria Zhao Feedback Remember to get in touch bitcoindadpod@protonmail.com or @bitcoindadpod on twitter Consider joining the matrix channel (https://matrix.to/#/#bitcoin:jupiterbroadcasting.com) using a matrix client like [element](https://element.io/get-started Corrections None today! Value for Value Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Recomended Podcasting2.0 apps: Fountain (https://www.fountain.fm/) podcast app (Android) Podverse (https://podverse.fm/) (Cross platform and self hostable) Castamatic (https://apps.apple.com/us/app/castamatic-podcast-player/id966632553) (Apple)+ Podcasting 2.0 to support an indepenent podcasting ecosystem (https://podcastindex.org/) Sponsors and Acknowledgements The Adopting Bitcoin Conference (https://adoptingbitcoin.org/2022/) November 15, 16 & 17, 2022 in El Salvador, use promo code BITCOINDAD for a 21% discount Music by Lesfm from Pixabay Self Hosted Show (https://selfhosted.show/) courtesy of Jupiter Broadcasting (https://www.jupiterbroadcasting.com/)

Ethereum Daily - Crypto News Briefing
FTX Reportedly Warns Users Not To Interact With Aztec Network

Ethereum Daily - Crypto News Briefing

Play Episode Listen Later Aug 22, 2022 5:11


FTX reportedly warns users not to interact with Aztec Network, FTX US receives a cease and desist letter from the FDIC, Rainbow Kit integrates Sign-In With Ethereum, and Polynomial Protocol releases a Gamma Vault. Newsletter: ethdaily.substack.com

Decent Crypto Podcast
OFAC / ETH Merge Updates, FTX Blocking Accounts, Dogechain launch, Aztec Network Response, Sudoswap / BendDAO Liquidations, Fei & Rari update, and more!

Decent Crypto Podcast

Play Episode Listen Later Aug 20, 2022 57:08


Join Matt and Karan as they break down the biggest events in crypto this past week! -------------------------------------------------------------------------------------------------------------------------- Be sure to like and subscribe if you like our content! Follow us on Twitter and everywhere you get your podcasts below: Twitter: https://twitter.com/decentcryptopod YouTube: https://www.youtube.com/channel/UCWQQLP0GR5Hhk2VE5wW1-pg Matthew Blumberg: https://mobile.twitter.com/matt_blumberg Karan Karia: https://mobile.twitter.com/karankaria_ Podcast Links: https://linktr.ee/DecentCryptoPodcast -------------------------------------------------------------------------------------------------------------------------- Timestamps: (01:30) OFAC impact on post-merge Ethereum censorship (05:30) Censorship of Block Production vs Block Attestation (15:45) All Core Devs Call Anti-Censorship Stance (19:00) FTX Blocking Aztec Network (29:19) Matt's Super Reasonable Suggestion: Maybe More Hard Fork Discussion (31:45) Reasonable Suggestion #2: Proactively Stop the Bad Guys (35:00) FEI/RARI/TRIBE Shutting Down (39:45) Dogechain babyyyyy (44:10) SudoSwap, BendDao and the Great Ape Liquidation Cascade of 2022 --- Send in a voice message: https://anchor.fm/decentcryptopodcast/message

On The Brink with Castle Island
Weekly Roundup 08/19/22 (Treasury Activated Soft Fork, Coinbase vs Vitalik, do BTC miners censor?) (EP.341)

On The Brink with Castle Island

Play Episode Listen Later Aug 19, 2022 42:02


Matt and Nic return for another week of news and deals. In this episode:  NYMag writes a long piece on 3AC Is OTB a ‘crypto fanboy podcast'? Are we up against the nation state ‘final boss'? 3AC boat name reveal The Toyota Century rumors are true Revelations about 3ACs FX days Did 3AC actually owe the Mafia money? The 3AC Deribit deal A new 3AC supporter dials in to the show Machinsky was trading Celsius customer deposits The Galaxy BitGo acquisition falls through Dragonchain settles with the SEC Hodlnaut files for creditor protection Genesis reorganization Tornado cash developer arrested in Amsterdam Are Bitcoin miners filtering transactions for OFAC? Will Coinbase censor Ethereum at the protocol level? Vitalik suggests slashing Ethereum if they comply with OFAC at the protocol level Would Coinbase ever abandon their staking business? The effect of MEV on the centralization of PoS vs PoW End of the merge rally? Content mentioned in this episode:  NYMag, Inside the Crash of Three Arrows Capital Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter

Unchained: Your No-Hype Resource for All Things Crypto
The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash? - Ep. 386

Unchained: Your No-Hype Resource for All Things Crypto

Play Episode Listen Later Aug 18, 2022 77:34


Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. In this episode, Laura Shin, host of Unchained and author of The Cryptopians, also joined the conversation.    Show topics: What Tornado Cash is and why it got sanctioned by the OFAC The difference between Tornado Cash and blender.io  Whether privacy is dead as a category and whether regulators are going after it How these sanctions have a negative impact on the funding of privacy projects How people within the industry can have different points of view, even when they understand the technology Whether the ban of Tornado Cash only means that malicious groups will just go and use other protocols Why regulation by enforcement sucks The asymmetry between the government's sanction and the effort needed to push it back. What changes after the Merge for ETH in terms of centralization Whether some MEV solutions make Ethereum more centralized Why MEV is intrinsic to blockchains and whether it is impossible to get rid of it Why Proposer-Builder Separation is helpful for the network Whether MEV is illegal and the plausibility of major exchanges not extracting MEV Why Facebook has an MEV extraction business model, according to Tarun How some NFT exchanges are not enforcing royalties What Sudoswap is and how it works How the royalties were there to bootstrap the supply side of NFTs Why Tarun thinks music NFTs will never happen The economic reasoning around royalties The differences between NFT marketplaces like OpenSea and Magic Eden Whether NFTs have a real-world use How Dragonfly's acquisition of Metastable brought Laura some old memories Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra    Laura Twitter: https://twitter.com/laurashin Episode Links   Tornado Cash Treasury Press release:  https://home.treasury.gov/news/press-releases/jy0916#:~:text=WASHINGTON%20%E2%80%93%20Today%2C%20the%20U.S.%20Department,since%20its%20creation%20in%202019 Developer arrested: https://www.fiod.nl/arrest-of-suspected-developer-of-tornado-cash/ Coin Center's article authored by Jerry Brito and Peter Van Valkenburgh: https://www.coincenter.org/u-s-treasury-sanction-of-privacy-tools-places-sweeping-restrictions-on-all-americans/ Second Coin Center's article authored by Jerry Brito and Peter Van Valkenburgh: https://www.coincenter.org/analysis-what-is-and-what-is-not-a-sanctionable-entity-in-the-tornado-cash-case/ Coin Center may challenge the US Treasury's decision to sanction Tornado Cash: https://decrypt.co/107475/coin-center-tornado-cash-ban-court Circle freezes USDC in sanctioned wallets: https://www.theblock.co/post/162172/circle-freezes-usdc-funds-in-tornado-cashs-us-treasury-sanctioned-wallets  Crypto exchange dYdX blocked accounts that received funds from Tornado Cash: https://www.coindesk.com/business/2022/08/11/crypto-exchange-dydx-blocked-accounts-that-received-even-small-amounts-from-tornado-cash/ The possibility of forking Tornado Cash: https://www.coindesk.com/tech/2022/08/10/cloning-tornado-cash-would-be-easy-but-risky/ What the sanctions mean for privacy coins: https://www.coindesk.com/layer2/2022/08/09/what-the-tornado-cash-sanction-means-for-privacy-coins/ Tornado Cash laundered $1.5 billion, according to Elliptic: https://hub.elliptic.co/analysis/tornado-cash-mixer-sanctioned-after-laundering-over-1-5-billion/ Celebrities get Dusted: https://decrypt.co/es/107090/tornado-cash-dusts-public-wallets-jimmy-fallon-brian-armstrong-steve-aoki-logan-paul Secretary of State deletes tweet: https://www.coindesk.com/policy/2022/08/08/us-secretary-of-state-tweets-deletes-claim-that-crypto-mixer-tornado-cash-is-north-korea-sponsored/ Previous Coverage of Unchained: Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?: https://unchainedpodcast.com/tornado-cash-sanctioned-did-the-government-overstep-its-bounds-ep-384/    MEV What is MEV: https://ethereum.org/en/developers/docs/mev/#:~:text=Maximal%20extractable%20value%20(MEV)%20refers,of%20transactions%20in%20a%20block. Proposer-Builder separation: https://www.alchemy.com/overviews/proposer-builder-separation MEV Boost: https://www.alchemy.com/overviews/mev-boost Flashbots auctions: https://docs.flashbots.net/flashbots-auction/overview   NFTs Why NFT Creators and Collectors Can't Stop Talking About Artist Royalties: https://decrypt.co/107482/why-nft-creators-collectors-artist-royalties NFT Royalties: Why artists love them, and traders don't: https://www.cnbctv18.com/cryptocurrency/nft-royalties-why-artists-love-them-and-traders-dont-14496762.htm  

DeFi Decoded
DeFi Decoded - Did Shaq, Jimmy Fallon and Dave Chappelle Just Violate U.S. Sanction Laws? The Bizarre Fallout from Tornado Cash, Plus...when Flippening?

DeFi Decoded

Play Episode Listen Later Aug 17, 2022 27:14


Ethereum has outperformed Bitcoin recently and now sits at 50% of Bitcoin's market capitalization. This has  some observers suggesting the "flippening," where Ethereum surpasses Bitcoin in market value, is in grasp. Ethereum has gotten close to Bitcoin's market capitalization before, namely in Summer 2017 at the beginning of the ICO craze, hitting 80% of Bitcoin's value, only to crater to 10% at the bottom of the bear market. Is this time different? On this episode of DeFI Decoded, Andrew and Alex  get into it. Plus, they discuss the fallout in crypto from the Tornado Cash crackdown, including a 'dusting attack' that sent celebrities like Shaquille O'Neal crypto from a Tornado Cash wallet, making them unwittingly in violation of OFAC...and what it all could mean for the future of decentralization.

Mission: DeFi
DeFi Lunch (Ep 175) - August 15, 2022 - @TornadoCash is a crises / @TheEylon $ETH POS Sanctions Adherents Control 66% of staking? / @SpiritSwap V2 is hot / @BinanceLabs invests in @ANKR

Mission: DeFi

Play Episode Listen Later Aug 16, 2022 55:58


US Treasury sanctions cryptocurrency mixer Tornado Cash - https://www.theblock.co/post/162105/us-treasury-sanctions-cryptocurrency-mixer-tornado-cash?utm_source=twitter&utm_medium=social List of Tornado Cash resources that were banned - https://twitter.com/TornadoCash/status/1557048526986780677 Tornado Cash community fund multisignature wallet disbands amid sanctions - https://cointelegraph.com/news/tornado-cash-community-fund-multi-signature-wallet-disbands-amid-sanctions An Alleged Tornado Cash Developer Was Arrested. Are You Next? - https://www.coindesk.com/layer2/2022/08/12/an-alleged-tornado-cash-developer-was-arrested-are-you-next/ PRIVACY.SEXY - Enforce privacy & security on Windows and macOS -https://privacy.sexy/ SpiritSwap V2 is Hot - https://beta.spiritswap.finance/ Mark Cuban accused of defrauding investors with $5 billion crypto 'Ponzi scheme' - https://www.msn.com/en-us/news/crime/mark-cuban-accused-of-defrauding-investors-with-245-billion-crypto-ponzi-scheme/ar-AA10BisP Bitcoin Will Have to be A Part of Any Portfolio: Ex-President of NYSE - https://beincrypto.com/bitcoin-portfolio-ex-president-nyse/ Polkadot-Powered Stablecoin Tanks As Hackers Mint 1.3B Tokens - https://blockworks.co/polkadot-powered-stablecoin-tanks-as-hackers-mint-1-3b-tokens/ Galaxy Digital terminates its acquisition of BitGo due to no audited financials - https://www.theblock.co/post/163540/galaxy-digital-terminates-its-acquisition-of-bitgo?utm_source=twitter The EU is on the verge of creating a new AML regulator that will oversee crypto - https://www.theblock.co/post/163556/the-eu-is-on-the-verge-of-creating-a-new-aml-regulator-that-will-oversee-crypto Binance Labs Invests in Cross-Chain Staking Protocol Ankr After $500 Million Web3 Fund - https://en.ethereumworldnews.com/binance-labs-invests-staking-ankr/ FraxLend is Coming - https://twitter.com/DrakeEvansV1/status/1558193677763284992 Proposed Ethereum PoW Fork Token Loses Half Its Market Value in Less Than 6 Days - https://news.bitcoin.com/proposed-ethereum-pow-fork-token-loses-half-its-market-value-in-less-than-6-days/ Currently it looks like over 66% of the beacon chain validators will adhere to OFAC regulations - https://twitter.com/TheEylon/status/1558911348255461378?s=20&t=eR8EaAwQXtAp7IqdfkkwgQ Joe Cawley a --- Support this podcast: https://anchor.fm/missiondefi/support

Ethereum Daily - Crypto News Briefing
Coin Center To Challenge OFAC In Court

Ethereum Daily - Crypto News Briefing

Play Episode Listen Later Aug 15, 2022 5:08


Coin Center plans to challenge OFAC in court, Aave confirms censorship of blacklisted addresses, Nucleo releases its privacy multisig to private beta, and Orbiter adds support for Arbitrum Nova. Newsletter: ethdaily.substack.com

Tangents from Coin Center
OFAC's Tornado Cash Sanctions

Tangents from Coin Center

Play Episode Listen Later Aug 15, 2022 54:19


In this episode of Tangents, Peter and Jerry discuss the Tornado Cash sanctions list designation by the Treasury Department's Office of Foreign Assets Control. As they explain in a legal analysis of the case, they believe that OFAC has overstepped its legal authority by adding certain Tornado Cash smart contract addresses to the SDN List, that this action potentially violates constitutional rights to due process and free speech, and that OFAC has not adequately acted to mitigate the foreseeable impact its action would have on innocent Americans.

The Knowledge Group Podcasts
Sanctions Trends And Developments - Before the Show #264

The Knowledge Group Podcasts

Play Episode Listen Later Aug 15, 2022 5:39


Webcast URL: https://knowledgewebcasts.com/know-portfolio/sanctions-trends-cle/ The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) continues to administer and enforce strict scrutiny on U.S. and non-U.S. companies. Several settlement agreements have been noted in the past months that signal the broad reach of U.S. sanctions regulations. Concomitantly, the US government has continued to utilize economic sanctions to fight corruption and other criminal activity around the world. U.S. and non-U.S. companies alike engaged in global transactions must implement a rigorous and effective compliance program to mitigate legal liabilities, including for the transfer or the facilitation of the transfer of the proceeds of corruption. Join key thought leaders in OFAC and financial institution compliance Javier Coronado (Diaz Reus International Law Firm) and Stanley Foodman (Foodman CPAs and Advisors), as they provide a discussion of the latest and significant issues surrounding OFAC recent enforcement actions. This course will guide you in implementing necessary compliance measures to avoid risks and sanctions. For any more information please click on the webcast URL at the top of this description.

Hashr8 Podcast
OFAC, Tornado Cash & Bitcoin Miners | Drew Hinkes | Compass Podcast

Hashr8 Podcast

Play Episode Listen Later Aug 13, 2022 39:06


Welcome back to the Compass Podcast! Today we are joined by Andrew Hinkes, author and adjunct professor at New York University focusing on the intersection of law, government regulation and digital assets. We talk about the huge OFAC sanction on Ethereum mixer Tornado Cash, what it means for Bitcoin miners and further industry repercussions. Drew Hinkes: https://twitter.com/propelforward Will Foxley: https://twitter.com/wsfoxley SPONSOR https://foundryacademy.com/

Empire
Tornado Cash Banned, USDC Blacklist and KYC DeFi | Roundup

Empire

Play Episode Listen Later Aug 12, 2022 66:49


In this episode of Empire's Weekly Roundup, Jason and Santi discuss the US Treasury's sanctions on Tornado Cash, Circle freezing USDC transfers, the future of KYC DeFi and more. Show Highlights: -- How do privacy protocols work?  -- Does this ban mean crypto isn't decentralized?  -- How did Circle freeze the transfer of USDC tokens? -- Should DeFi protocols be worried? - - Timestamps (00:00) Introduction (07:28) Tornado Cash Sanctioned By The US Treasury (14:44) How Mixers And Privacy Tokens Work (21:06) Github, Infura, AWS And Crypto's Centralization Vectors (23:00) Core Ad (24:30) USDC Blacklist And Implications For DeFi (38:05) What Happens If All DeFi Is KYC'd  (41:54) How Does The Ban Affect Other Privacy Protocols (43:40) Curve Hack, Coinbase Earnings   (53:55) Uniswap Protocol Fee And Foundation Approved (58:46) ETH PoW Chain, Hot Or Not? (01:03:03) Reddit Embraces Web3 - - Follow Santi: https://twitter.com/santiagoroel Follow Jason: https://twitter.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7  Subscribe on Spotify: https://tinyurl.com/wbaypprw -- Referenced in the show: Eric Peters episode https://tinyurl.com/ydfhu6fd SWIFT & OFAC episode https://tinyurl.com/yc2jhfsn - - Core, from Ava Labs, is more than just a wallet. It's a free, non-custodial browser extension that gives Avalanche users a more seamless and secure Web3 experience. Download Core today at https://www.core.app/ -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ --  Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

On The Brink with Castle Island
Weekly Roundup 08/12/22 (Tornado Cash OFAC'd, Dai reconsiders USDC, Merge scheduled) (EP.339)

On The Brink with Castle Island

Play Episode Listen Later Aug 12, 2022 45:12


 Matt and Nic return for another week of deals and news. In this episode:  Underwhelming Taproot adoption Tornado Cash gets sanctioned by OFAC Is Tornado a better mixer than coinjoin Why the Tornado Cash sanctioning is the first of its kind How much of the liquidity in Tornado Cash was illicit? Are we at a turning point in financial privacy? Why was Tornado Cash specifically targeted and not other mixers Account-based versus UTXO systems and their effect on your ability to segregate funds Can you really sanction a blockchain or smart contract? The crypto wars of the 90s continue Is Ethereum the biggest crypto platform for privacy today? Is Dai at risk from USDC? The Merge finally gets a launch date BlackRock launches a Bitcoin spot trust Sponsor notes: Subscribe to the Coin Metrics State of the Network newsletter

Unchained: Your No-Hype Resource for All Things Crypto
Tornado Cash Sanctioned. Did the Government Overstep Its Bounds? - Ep. 384

Unchained: Your No-Hype Resource for All Things Crypto

Play Episode Listen Later Aug 12, 2022 36:28


Jerry Brito, executive director of Coin Center, talks about Tornado Cash, why it was sanctioned, and what this means for privacy in crypto.    Show highlights: what Blender.io is and how it relates to Tornado Cash how hackers have used Tornado Cash to launder money whether the Office of Foreign Assets Control made a mistake, according to Jerry how Americans were affected by the sanctions why Jerry believes OFAC should have done an analysis to estimate how many people would be impacted by its decision whether the sanctions should have been aimed at North Koren wallets and not the protocol whether the sanctions are unconstitutional and whether Coin Center will litigate this how Jerry believes Circle freezing USDC complicated everything what the famous people who received 0.1 ETH from random accounts via Tornado Cash should do  what would happen if someone forked the Tornado Cash code and deployed a copycat smart contract to a new address whether the sanctions signal the beginning of a privacy war on crypto how regulators are applying the same traditional rules with crypto as they use with centralized entities   Thank you to our sponsors!   1inch: https://1inch.io/ Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021   Jerry Twitter: https://twitter.com/jerrybrito   Tornado Cash Tornado Cash Sanctioned: https://www.coindesk.com/policy/2022/08/08/crypto-mixing-service-tornado-cash-blacklisted-by-us-treasury/ Coin Center's article authored by Jerry Brito and Peter Van Valkenburgh: https://www.coincenter.org/u-s-treasury-sanction-of-privacy-tools-places-sweeping-restrictions-on-all-americans/ Circle freezes USDC in sanctioned wallets: https://www.theblock.co/post/162172/circle-freezes-usdc-funds-in-tornado-cashs-us-treasury-sanctioned-wallets  Crypto exchange dYdX blocked accounts that received funds from Tornado Cash: https://www.coindesk.com/business/2022/08/11/crypto-exchange-dydx-blocked-accounts-that-received-even-small-amounts-from-tornado-cash/ The possibility of forking Tornado Cash: https://www.coindesk.com/tech/2022/08/10/cloning-tornado-cash-would-be-easy-but-risky/ What the sanctions mean for privacy coins: https://www.coindesk.com/layer2/2022/08/09/what-the-tornado-cash-sanction-means-for-privacy-coins/ Tornado Cash laundered $1.5 billion, according to Elliptic: https://hub.elliptic.co/analysis/tornado-cash-mixer-sanctioned-after-laundering-over-1-5-billion/ Celebrities get Dusted: https://decrypt.co/es/107090/tornado-cash-dusts-public-wallets-jimmy-fallon-brian-armstrong-steve-aoki-logan-paul   Hacks linked to Tornado Cash Ronin: https://www.cnbc.com/2022/04/15/ronin-hack-north-korea-linked-to-615-million-crypto-heist-us-says.html Harmony: https://decrypt.co/104138/north-korean-attackers-behind-100m-harmony-hack-report Crypto.com: https://www.wired.com/story/crypto-hack-nso-group-security-news/ Nomad: https://decrypt.co/106459/crypto-bridge-nomad-exploited-190m-frenzied-free-for-all Previous Coverage of Unchained: Will the Nomad Mass Looting Change How Law Enforcement Treats DeFi Hacks?: https://unchainedpodcast.com/will-the-nomad-mass-looting-change-how-law-enforcement-treats-defi-hacks-ep-382/

Bankless
Tornado Cash BANNED By OFAC... Is this the War on Crypto?

Bankless

Play Episode Listen Later Aug 11, 2022 28:57


On Monday, the U.S. Treasury Department made a smart contract illegal.  They can do that??  David walks you through the news, with multiple interviews from Jerry Brito and Collins Belton, two experts in the matter.  Let us know how you like the format! ------

GM NFTs on Rug Radio

Tornado cash became an example of sanctions and regulations with its recent OFAC interaction. The stage dove deep into the implications surrounding this and what it could mean for the overall crypto landscape. We were joined by Meltem, a financial genius that also loves jpegs. There is tons of value stored in this episode, descriptors will not justify the content. GMfull notes here: gldn's notes See acast.com/privacy for privacy and opt-out information.

Late Confirmation by CoinDesk
BREAKDOWN: Are the US Sanctions on Tornado the Beginning of a War on Privacy?

Late Confirmation by CoinDesk

Play Episode Listen Later Aug 8, 2022 19:26


The U.S. Treasury Department's OFAC has added Tornado Cash and all associated addresses to the sanctions list. This episode is sponsored by Nexo.io, Chainalysis, FTX US and NEAR.In breaking news, the U.S. Treasury Department's Office of Foreign Assets Control announced on Monday that it was adding Tornado Cash and associated addresses to its sanctions list. It is seemingly the first time that an entire technology protocol, rather than just an individual or group of individuals, has been added to the list. NLW explores the discussion in the crypto community as well as the legal and technological implications. -Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.-Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world's most high-profile criminal cases. For more information, visit www.chainalysis.com.-FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.-NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR's fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org.-“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

ITSPmagazine | Technology. Cybersecurity. Society
Ransomware: To Pay Or Not To Pay, That Is The Question | A Conversation With Mark Lance | The National Blast With Keenan Skelly

ITSPmagazine | Technology. Cybersecurity. Society

Play Episode Listen Later Aug 4, 2022 19:34


Threat actors got 99 problems & PR, Crypto, and OFAC are just a few. On the flip side...same for the companies hit with ransomware.Hear what Mark thinks about bad guys, in-fighting, and ethical ransomware payments._______________________GuestMark LanceVice President, DFIR & Threat Intelligence at GuidePoint Security [@GuidePointSec]On LinkedIn | https://www.linkedin.com/in/mark-lance-9594234/On Twitter | https://twitter.com/cyberdefender43______________________HostKeenan SkellyOn ITSPmagazine