Nobody likes rogue states that oppress their people and sponsor hacking groups to foot their authoritarian bills. But what are you going to do, shut down the internet to prevent it? As ridiculous as that sounds, it’s basically the logic employed last week by the US Treasury’s Office of Foreign Assets Control (OFAC) when they sanctioned a well-known coin-mixing service called Tornado Cash.
This and, July inflation numbers are in, and judging by the price of bitcoin, ether, and other so-called ‘risk assets’, markets are jazzed. 👐
WTH OFAC: Tornado Cash
Blockchain Futurist Conference was a resounding success!
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We cannot overstate the gravity of the US Government sanctioning an open-source protocol. More than an excuse to target rogue actors who seek to launder the proceeds of crypto hacks and exploits (none of which, by the way, happen on Bitcoin) via DeFi protocols, it amounts to shots fired across the bow at privacy–for regular citizens, for human rights activists, and for anyone else whose right to privacy has been condemned without any due process (or justifiable cause). We’ll follow this closely for you and keep you abreast.
In other news, this week it’s DCA (Dollar-Cost Averaging) week at Ndax! Please be sure to follow us on socials so you don’t miss the articles, videos, and recaps that are coming your way!
Stay humble & stack sats, friends, it’s onward and up!
BITCOIN’s been consolidating in a range since its recent 6-week high around $31.5K
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Disclaimer: This blog is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.