The U.S Treasury Department's sanctioning of the Tornado Cash, cryptocurrency mixer, was an unprecedented move which is a threat to privacy and innovation, said one member of the U.S Congress. And he added that he believes the Congress should start asking questions.
During an interview on Squawk Box, former president of the New York Stock Exchange, Thomas Farley said bitcoin was “trusted, censorship-resistant”. He indicated that “there will only ever be 21 million, and it will have to be part of a portfolio.”
Celsius Network’s unsecured creditors have been pressing the company on “potential misconduct by Celsius and its insiders.”
In a Wednesday press release, Genesis Digital Assets claimed to secure 708 megawatts (MW) of power for bitcoin mining in the first six months of 2022.
The cryptocurrency industry is divided by the decision by the Office of Foreign Assets Control (OFAC) of the US Treasury to effectively ban Tornado Cash, a crypto mixing service powered by Ethereum (ETH).
Several accounts belonging to crypto exchanges started to be closed by Portuguese banks because of “risk management”. Since couple of years, Portugal has been known as a crypto haven because it does not want tax on crypto-related earnings from people.