Censorship Concerns: 51% of Ethereum Blocks Now OFAC Compliant

According to new data, over half of the blocks on the Ethereum network now reportedly comply with the US Treasury OFAC’s standards. This comes roughly a month after the platform’s monumental merge update. Phasing Out Tornado Cash The Office of Foreign Assets Control is the intelligence and enforcement agency of the US  Treasury Department. Indeed, the OFAC administers and enforces US  financial sanctions. A prime example of this is the recent, highly-publicized ban on crypto mixer Tornado Cash.  According to…

Canada’s National Police Blacklist 34 Crypto Addresses Involved With Trucker Convoy

Canada’s government is expanding its crackdown on donations to protestors objecting to vaccine mandates in Ottawa. In new efforts, the Royal Canadian Mounted Police (RCMP) have ordered crypto exchanges to not facilitate transactions with blockchain addresses linked to the movement. Following The Money As reported by The Counter Signal on Wednesday, FINTRAC companies in Canada have been ordered to cease transactions with 34 specific crypto addresses. These include 1 Monero, Litecoin, and Cardano address, two Ethereum addresses, and 29 Bitcoin…

Canadian Trucker Convoy Raises $450,000+ Using Bitcoin, Bypassing GoFundMe Restrictions

Tallycoin – a crowdfunding platform built on top of Bitcoin – has amassed over $450k in BTC in support of “Bitcoin For Truckers”. The fundraiser supports the Canadian “Freedom Convoy” that's been protesting against covid restrictions on Parliament Hill for over a week.  The event highlights Bitcoin as a censorship-resistant alternative to GoFundMe, which is reversing $10M in user donations to the same movement.  Bitcoiners Unite With Truckers According to Tallycoin, Bitcoin for Truckers has just passed its fundraising goal…

What are Oracles and Why Do Smart Contracts Need Them?

What is an Oracle? “An oracle is a person or agency considered to provide wise and insightful counsel or prophetic predictions or precognition of the future, inspired by the gods” - this is the literal definition of an oracle. When moving to the world of Software, the word keeps much of what they used to mean, with a few tweaks here and there. Leaving aside predictions and Godly figures, Oracles are, in a strict software sense, external data feeds used by…