Dubai: Crypto & Coffee at 8: 🚨09th Aug🚨 🌪️Tornado Cash 🌪️sanctioned by The U.S. Department of the Treasury 👀Binance 🆚 WazirX: The Drama: Who owns Wazir X?
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09th Aug

Tornado Cash 🌪️sanctioned by The U.S. Department of the Treasury

Tornado Cash has been accused of laundering more than $7 billion worth of virtual currency since its creation in 2019. The power of open source 💪🏻 Official news here https://bit.ly/3bEvcnn Can we do the same thing with Cash? As of now, The US Treasury has banned all Americans from using decentralized crypto-mixing services or any of the Ethereum wallet addresses tied to the protocol. Those who do may face criminal penalties.

Binance 🆚 WazirX: The Drama: Who owns Wazir X?

Indian authorities ie the Directorate of Enforcement freeze $8.1M in WazirX funds as part of the AML investigation. Official press release here: https://bit.ly/3QttRi1

👀 CEO of Binance, Changpeng Zhao clarified via Twitter that Binance does not own any equity in Zanmai Labs, the entity operating WazirX and established by the original founders. Series of informative tweets here https://bit.ly/3zIrsZT

• Binance only provides wallet services for WazirX as a tech solution.

• WazirX is responsible for all other aspects of the WazirX exchange

• Binance collaborates with law enforcement agencies happy to work with Enforcement Directorate

👀 Nischal Shetty tweeted

• WazirX was acquired by Binance (Incorrect information)

• Zanmai Labs is an Indian entity owned by me & my co-founders

🎙️ Listen to Crypto & Coffee at 8 ☕, a Dubai-based podcast where we explain the drama in detail.

Anchor: https://bit.ly/3Po8eio

Spotify: https://spoti.fi/3y3Fapq

iTunes: https://apple.co/3u4Iak7

🙊 Terra Luna’s impact

Singapore-based crypto lender Hodlnaut has suspended withdrawals, swaps and deposits & it would withdraw its application for a licence from the Monetary Authority of Singapore (MAS) citing recent market conditions. Official news via Twitter here https://bit.ly/3zImU5Z & full statement here https://bit.ly/3BKyu38 They’re currently consulting with Damodara Ong LLC on the execution plan

✋🏻 Blockchain for Gold Industry

Joseph Cavatoni, head of global sales and regional CEO of The World Gold Council (WGC) believes the gold industry will integrate with blockchain technology in order to “help the industry standardize reporting.” A Gold Bar Integrity Programme (GBI), a distributed ledger concept backed by the WGC and the LBMA GOLD TRADING LLC. They intend to leverage blockchain technology crafted by the distributed ledger firms aXedras and Peer Ledger Inc.

🚦The information in Block + Chain is only as good as the Input. If incorrect/false information is updated. It is Immutable in the Blockchain. Private Key will only check if the person has access to make the transactions, it will not check the validity of the input (incorrect/false information) in this case

💥 Two UAE news: (Check slides )

• Nexus Dubai (NXD) Project Obtains First Cryptocurrency Exchange License in Dubai

UAE issues new reporting requirements for real estate transactions Ministry of Justice — UAE, Ministry Of Economy, UAE

For slides click here: https://bit.ly/3BQQb15

LinkedIn Profile: https://bit.ly/3SLoTiG

Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

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