Crypto

Due to allegations that Tornado Cash is being used by North Korean hackers to launder stolen cryptocurrency funds, the U.S. Treasury Department has banned all citizens from utilizing it.

According to Alex Fowler and Patrick Murck of Transparent Systems, the issuers of stablecoins like Tether and USDC constitute a new rentier class that is sapping value from the DeFi system.

Beanstalk Farms' stablecoin protocol was relaunched on Saturday, and the team is working to try to get back the $100 million market cap that its BEAN stablecoin had before it was hacked in April.

Matt Henderson, the head of products at Aurora Labs, almost lost his tokens to scammers, but a sharp-eyed escrow agent and a screenshot saved the day.

Co-founder and CEO Kris Marszalek remarked: 'This is an exciting next step for Crypto.com in an important market.'

We were already aware that cryptocurrency developers are not always reliable. But are the data even reliable?

Owners of ApeCoin are now able to buy the renowned luxury brand's goods through Bitpay. Michael Saylor has a new job in the meanwhile.

The company that makes USDC stablecoins has a venture capital arm that backed Nomad and Slope, which were both used this week.

Tax experts say that Australian, Canadian, and U.K. crypto investors may be able to claim hacked crypto as a tax loss, but U.S. investors won't be able to do so.