The U.S. Department of the Treasury’s Office of Foreign Assets Control, or OFAC, sanctioned Tornado Cash in August 2022 after it reportedly processed over $500 million from several online hacks and heists. Mixing services like Tornado Cash blend cryptocurrency funds together to make their sources harder to trace — facilitating money laundering activities associated with…
Cryptocurrencies and digital assets have become increasingly popular since the debut of Bitcoin in 2009. In reality, a recent poll revealed that 21% of American adults own cryptocurrency, which is expected to rise in the next year. Created by the pseudonymous developer Satoshi Nakamoto, Bitcoin (BTC) is one of the most popular cryptocurrencies. Its total…
Even with all its flaws the crypto industry is still exponentially more honest and moral than central banking whose fiat currency systems have been the root causes of unquantifiable pain and suffering since they were first established in the 1600s starting with the bank of Amsterdam. This is because being able to print money out…
Since its debut in a 2008 whitepaper, Bitcoin (BTCUSD) has generated a lot of attention and news. The cryptocurrency’s supporters see it as the dawning of a new and just monetary system. Critics highlight the crypto’s involvement in criminal activities and the lack of legal standing as evidence that it is “rat poison squared.” The…