Tornado Cash verdict has chilling implications for crypto industry

Blockchain analytics firm Chainalysis highlighted that 10% of all funds coming from illicit addresses are sent to crypto mixers. 331 Total views 16 Total shares As on-chain activities slow down during the crypto winter, usage of cryptocurrency mixers has doubled in 2022, with addresses classified as “illicit” being the top contributor. Cryptocurrency mixers, also called “tumblers,”…

The hacker stole 732 ETH worth about $950,000 and sent it to the sanctioned Tornado Cash mixer. 235 Total views 7 Total shares Hacks and exploits continue to plague the decentralized finance (DeFi) sector as another vanity wallet address joins the roster of DeFi victims, which, collectively, have lost more than $1.6 billion in 2022. In…

Yang Zuoxing, formerly a top chip designer for mining hardware giant Bitmain, has allegedly been arrested on suspicion of embezzlement. A Dec. 16 Bloomberg report cites three unnamed sources and a police statement released by prosecutors in Beijing’s Nanshan district on Dec. 12, as evidence for the claim. The authorities’ statement reportedly omitted reference to Yang’s full…

“The learning phase is over. A new era is coming,” says CryptoQuant CEO Ki Young Ju.

The total crypto market capitalization has been stuck roughly between $240 billion and $280 billion for about two months. This range-bound action suggests that cryptocurrencies are waiting for a trigger to propel the market cap higher. As the saying goes, the longer the consolidation, the stronger  the eventual breakout from it will be. Daily cryptocurrency market…

The global network of open APIs is expanding to support new layer 1 blockchains. 4259 Total views 12 Total shares Following its mainnet launch on Ethereum in mid-December 2020, The Graph has today announced that it is integrating Polkadot, NEAR, Solana and Celo.As reported, The Graph is a protocol that enables programmers to build Application Programming…

Exchange inflows gauge potential selling pressure, with high inflows suggesting high sell pressure and low inflows suggesting low pressure.

Peer-to-peer crypto-powered wireless network Helium announced its expansion to Europe after launching in North America. 1691 Total views 38 Total shares Peer-to-peer, or P2P, crypto-powered wireless network Helium announced its expansion to Europe after launching in North America.According to a June 18 announcement shared with Cointelegraph, Helium will start shipping its network’s Hotspots to Europe…