Web3 Diaries-Tornado Cash Developers Charged With Helping Hackers
Due to their involvement with the privacy mixer that “facilitated more than $1 billion in money laundering,” including “hundreds of millions” for North Korea’s Lazarus Group, Tornado Cash inventors Roman Storm and Roman Semenov were accused of money laundering and violating sanctions. The DOJ has already arrested Storm.
The Office of Foreign Asset Control of the U.S. Treasury Department sanctioned the mixer last year due to claims that Lazarus had used it to launder money from many cryptocurrency breaches. The mixer obscures the source of monies transferred via it.
Shopify Customers Can Now Pay In USDC Via Solana Pay
The e-commerce behemoth Shopify has integrated Solana Pay, the payment system based on the Solana blockchain, enabling customers to make payments in USD Coin (USDC), the firms said on Wednesday.
Users will be able to link Solana-focused cryptocurrency wallets, such as Phantom or Slope, and utilize USDC to settle on-chain payments with retailers thanks to the integration.
DAI Stablecoin Surpasses $5 bn Market Cap On Higher Yield, Lifting Spark Protocol
For the first time since April, the market value of all DAI in circulation exceeded $5 billion as cryptocurrency investors took advantage of interest rates as high as 8%.
This comes after a protracted decrease, with CoinMarketCap statistics showing that DAI’s market worth dropped from a peak of over $10 billion early in 2022 to as low as $4.4 billion in late July.
The expansion helped Spark, a decentralized finance (DeFi) lending platform that incorporates DAI and uses Maker’s credit facility, develop as well.
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