Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say ‘There Are Many Legitimate Reasons to Seek Financial Anonymity’

Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say 'There Are Many Legitimate Reasons to Seek Financial Anonymity'The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy group Fight for the Future […]

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Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam

According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies.” Netherlands Law Enforcement Takes Suspected Tornado […]

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Colombians Take Legal Action Against Binance for Blocking Their Funds

binanceAn account blockade that happened more than five months ago due to money laundering issues has prompted some Colombian users of Binance to commence legal action against the exchange in the country. According to reports the funds blocked exceed $1 million, and after an investigation from the FIOD, the Netherlands’ anti-money laundering watchdog, the funds […]

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Airport Gold Seizure in Amsterdam Points to Bitcoin Utility for Private, Borderless Travel

Airport Gold Seizure in Amsterdam Points to Bitcoin Utility for Private, Borderless TravelA 27-year-old Brazilian man was arrested at Schiphol Airport in Amsterdam Friday for failing to declare 15 kilograms of gold bars to customs, according to local reports. After failing to provide a convincing explanation as to how he acquired the gold, the traveler flying from Rio de Janeiro to Hong Kong was placed under arrest […]

The post Airport Gold Seizure in Amsterdam Points to Bitcoin Utility for Private, Borderless Travel appeared first on Bitcoin News.

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Mixing Service Bitcoin Blender Quits After Bestmixer Takedown

Mixing Service Bitcoin Blender Calls It Quits After the Bestmixer.io TakedownOn May 27, cryptocurrency supporters learned that the anonymous BTC mixer Bitcoin Blender would be shutting down. The news follows the recent closure of Bestmixer.io after it was seized by global law enforcement. Also read: Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time Bitcoin Blender Bows Out Another popular bitcoin […]

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Bitcoin Cash Privacy Has Improved in Leaps and Bounds

Bitcoin Cash Privacy Has Strengthened by Leaps and BoundsOver the last few years, privacy has become of great importance to digital asset enthusiasts as law enforcement has cracked down on money transmitters, seized coin shuffling services, and blockchain analysis has increased significantly. To thwart this, some bitcoiners have turned to mixing applications that utilize the Coinjoin protocol and other methods of obfuscation. However, […]

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