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Ethereum mixer Tornado Cash blocks sanctioned addresses from its frontend

Tornado Cash, a popular Ethereum mixer that helps obfuscate crypto transactions, has said that it will block crypto addresses sanctioned by the Office of Foreign Assets Control (OFAC) — an enforcement agency of the US Treasury Department. The news means OFAC-sanctioned crypto wallet addresses will now not be able to use Tornado Cash. “Maintaining financial privacy is essential to preserving our freedom, however, it should not come at the cost of non-compliance,” tweeted Tornado Cash on Friday. Tornado Cash said …

An updated look at Tornado Cash

January 13, 2022, 5:36PM EST • 5 min read Quick Take Tornado Cash uses zero-knowledge proof to break linkages between fund sender and receivers. Token incentive was leveraged to attract liquidity as the total value locked in Tornado Cash increased tenfold in 2021. Tornado Cash Nova enables deposits and withdrawals of arbitrary amounts of Ether, as well as shielded transfers of deposited tokens within the pools. Join The Block Research for exclusive research like this Gain access to this research …

Ethereum mixer Tornado Cash announces new upgrades

The development team behind Tornado Cash, an Ethereum-based transaction mixing protocol, announced Wednesday the launch of an upgraded pool, dubbed Nova. Nova, developers wrote in a blog post, is focused on “improving user experience & expanding the protocol functionalities,” per a blog post published that outlines the changes. More broadly, today’s announcement is intended to set the stage for a more significant upgrade, v3, though the timeline for v3 has not yet been made public. Among the new functionalities is …

Current state of DeFi in 2021: Part 2

December 2, 2021, 3:27PM EST • 9 min read Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report The nature of decentralized stablecoins became more diverse with the rise of algorithmic stablecoins backed by fractional reserves or endogenous collateral Centralized custodians played a pivotal role in bringing Bitcoin into DeFi Lido denominated the liquid staking sector with billions under management Most miner extractible value originated from arbitrage Join The Block Research for exclusive …

Popular Ethereum mixer Tornado Cash is ready to integrate with Arbitrum

Tornado Cash, a popular Ethereum transaction mixing protocol, is ready to integrate the Layer 2 network Arbitrum. “The protocol’s smart contracts are all set and ready to spin on Arbitrum. They just need help from the community to get deployed & fly with their own wings,” said Tornado Cash in a blog post on Monday. As an Ethereum mixer, Tornado Cash improves transaction privacy. It does so by breaking the on-chain link between the sender and recipient address. In other …