Are All Crypto Privacy Services Potentially Criminal?
Bloomberg Crypto12 Syys 2022

Are All Crypto Privacy Services Potentially Criminal?

Put a whole bunch of crypto transactions into a blender and lock them up in black box - what do you get? Something metaphorically similar to the experience of using a decentralized app called Tornado Cash. The currency mixer app allows users to move cryptocurrency around anonymously. But federal regulators say cyber criminals used the service for money laundering purposes. Tornado Cash was recently sanctioned by the U.S.Department of Treasury.

Privacy is a key objective of many crypto proponents. And it’s one of the features that makes the asset class attractive to some investors. If this principle can’t be guaranteed, some say crypto’s utility becomes questionable.

Bloomberg reporter Emily Nicolle joins this episode to discuss whether or not a decentralized service can truly be regulated, the issue of crypto privacy and the implications of sanctions on Tornado Cash and De–Fi in general.

See omnystudio.com/listener for privacy information.

Jaksot(223)

When Main Street Banks Dabble in Crypto

When Main Street Banks Dabble in Crypto

Like most crypto-adjacent firms, fiat banks that diversified into crypto have struggled during the crypto winter. And this was likely the case even BEFORE crypto exchange FTX declared bankruptcy in No...

23 Tammi 202314min

This Week in Crypto - FOMO Returns

This Week in Crypto - FOMO Returns

Is crypto back? That’s one question Bloomberg editors and reporters discuss in another This Week in Crypto episode.  Already, the year is packed with digital asset action. Bitcoin is up 30 percent so ...

20 Tammi 202317min

Global Legal Fallout From FTX

Global Legal Fallout From FTX

You’ve probably heard financial regulators refer to crypto as the "Wild West." But, instead of shoot-outs and sheriffs -  in crypto, you can get financial experimentation, hackers and  pretty extreme ...

19 Tammi 202319min

How Ryan Salame's Neighbors Got Tangled Up In FTX's Fallout

How Ryan Salame's Neighbors Got Tangled Up In FTX's Fallout

Western Massachusetts is a very different place from the Bahamas, where the FTX crypto exchange had its headquarters. But the small town of Lenox there is feeling the effects of the FTX bankruptcy non...

18 Tammi 202316min

Who Owns Your Coins?

Who Owns Your Coins?

It was an unwelcome ruling for about 600,000 Celsius account holders, who are probably wishing they’d read the fine print more closely before investing. Or put more stock in the crypto mantra “not you...

17 Tammi 202316min

Team Favorite: SBF's Effective Altruism

Team Favorite: SBF's Effective Altruism

Today, Martin Luther King, Jr. Day is observed in the U.S. So the crypto team wanted to present an episode connected to the idea of service.  The episode, first published last December, focuses on Sam...

16 Tammi 202317min

Gemini/Genesis Battle; Your Questions Answered

Gemini/Genesis Battle; Your Questions Answered

Something we say often on the Bloomberg Crypto team is that a week in this asset class can feel like a year. And as we wrap up the second week of 2023, it’s starting to feel maybe more like a decade. ...

13 Tammi 202313min

Bitcoin Miners Are Stressed Out

Bitcoin Miners Are Stressed Out

It’s been a tough winter for Bitcoin miners. As prices of the largest token have fallen from their record highs, there have been bankruptcies and warnings of potential bankruptcy. Billions of dollars ...

12 Tammi 202317min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
tervo-halme
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-podme-livebox
viisupodi
rss-asiastudio
et-sa-noin-voi-sanoo-esittaa
otetaan-yhdet
rikosmyytit
rss-vaalirankkurit-podcast
linda-maria
the-ulkopolitist
rss-mina-ukkola
rss-merja-mahkan-rahat
popcorn-with-esko
rss-pykalien-takaa
rss-polikulaari-humanisti-vastaa-ja-muut-ts-podcastit
rss-50100-podcast