🏓 Tornado Future

Hi, Folks! Today, we will talk about the consequences of using the Tornado cash service, and we'll see which new products are launched in flat times for crypto

Your Favorite Crypto Digest From TradeCrypto.com #102

The statistics:

Market is red. BTC is now trading above $23,900, ETH is trading around $1,900.

💪 Bitcoin dominance: 40.89%

📉 Total Cryptocurrency Market Cap: $1.119 tr

😲 Fear and greed index: 42 (Fear)

🚀 Gainers(Top-100)

  • Ankr (ANKR)+39.07%

  • Theta Fuel (TFUEL)+21.83%

  • Huobi Token (HT)+21.63%

😭 Losers(Top-100)

  • THORChain (RUNE)-7.23%

  • Lido DAO (LDO)-6.53%

  • Convex Finance (CVX)-6.20%

BlackRock Launches Spot Bitcoin Private Trust

Wow. This is something new. BlackRock has launched a spot Bitcoin private trust to give its U.S.-based institutional clients 👥 direct exposure to the world’s most popular cryptocurrency.

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The firm said that despite recent market turbulence, it’s still seeing “substantial interest” from some of its institutional clients in accessing crypto markets through its technology. The news comes on the heels of another announcement 🔈last week that BlackRock would give users on its Aladdin asset management platform access to Coinbase Prime.

Sam Bankman-Fried: 'Disappointing' Others Haven’t Helped Us Give Bailouts

The FTX CEO said 💬 he doesn't want to be the only one bailing out ailing crypto companies, but hasn't gotten any help from other healthy players. Sam Bankman-Fried has handed out some $750 million 💰 in lifelines to BlockFi and Voyager after the two lenders went insolvent amid the current crypto crash, and he has made clear that more bailouts might be on the way from his companies FTX and Alameda Research. How generous.

Robinhood will pay customers $9.9 million in compensation

Did they really do it? Regardless, Robinhood will pay $9.9 million in compensation to its customers who filed a class action lawsuit against it. Collective appeal to the court was supported by 15 thousand users.

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Multiple technical malfunctions of the platform, the first of which was recorded on March 2, 2020, became the reason for the lawsuit. ⚖️ On that day, during the growth of the market, the platform did not function due to technical problems of the next trading session.

Swan Bitcoin Discloses Data Leak Due to Phishing Attack on Newsletter Provider

When will it finally end? Crypto trading app Swan Bitcoin is among dozens of crypto businesses affected by a data breach suffered by email 📩 marketing firm Klaviyo. The crypto firm added that the leaked data included customers’ first names (no last names), email addresses, IP-based geolocation data identifying cities (in some cases), as well as information on how users originally joined the company’s email list 📑.

Indian law enforcement accuses WazirX exchange of aiding in laundering of $130M

Another court case? India’s Enforcement Directorate, which investigates financial crime, has frozen ❄ WazirX bank accounts while it looks at transfers from instant loan companies to international wallets.

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India’s Enforcement Directorate (ED), the agency responsible for financial crimes, is looking at cryptocurrency exchanges 💱 suspected of processing transactions that sent more than 10 billion rupees, or about $130 million, from firms under investigation to international wallets. Transactions 💸 of up to 1 billion rupees, or $1.3 million, were allegedly made in the names of people with no connections to the money by companies under investigation in a case involving instant loans.

dYdX confirms blocking (and unblocking) some accounts flagged in Tornado Cash controversy

Now they are involved, too. Cryptocurrency derivatives trading platform dYdX said it blocked ❌ some users’ accounts with funds linked to Tornado Cash, including mistakenly suspending some that never directly engaged with the controversial mixer. In a Wednesday blog post, dYdX said 💬 it had “unbanned certain accounts” that the derivatives platform had blocked in response to the Office of Foreign Assets Control of the United States Treasury Department adding Tornado Cash to its list of Specially Designated Nationals, or SDNs.

The Philippines halts virtual asset provider license applications

While many believe that the Philippines can become a new crypto hub 🌐, that dream may be shattered as the country’s central bank announced a three-year hiatus from accepting new virtual asset service provider (VASP) applications.

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According to a memorandum signed by Chuchi Fonacier, a financial supervision official at the Banko Sentral ng Pilipinas (BSP), they aim to balance the promotion of innovation in finance and managing the risks associated with virtual assets (VAs). The Banko Sentral ng Pilipinas said 💬 that the closing of VASP applications will begin on Sept. 1, 2022, and will last for three years. That's a strange decision.

Conclusion: Who knows what will happen to Tornado Cash users? It looks like all these wallets have been tagged for a long time. In any case, we recommend watching your transactions more carefully and not using potentially risky services. Currently, the market is in a calm state. It feels like Friday.

Thanks for being with us ;) Brought to you by Maksym, Aleksandar, and Nina :)

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What is Crypto Ping Pong digest?

TC lads here are working quite hard and from time to time we gotta chill. Recently, we got ourselves a ping pong table to complete our lazy-bag-stuffed chill zone. As you all know our main hobby is Crypto, so even while we play we don’t really shut up about it. Ever.

So memes, leaks, gossips naturally come about – we collect them and share them with you in this interstellar space on our site we like to call Crypto Ping Pong digest.