After shutting down two banks in last week, New York regulators shut down another significant one in the crypto industry, the Signature Bank. US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation Chairman Martin Gruenberg said in a joint statement that all depositors of Signature Bank 'will be made whole'. Crypto firm Circle …
On August 8, US Secretary of State Antony Blinken said that the country will endorse Tornado Cash, a decentralized application on the Ethereum blockchain, that allows the anonymous transfer of bitcoin. The government assumed control of all Tornado Cash addresses, including the addresses for its smart contracts and donation address, to sanction the decentralized application. Additionally, Tornado Cash's decentralized nature …
