Despite the illegal status of Tornado Cash in the United States, GitHub unbanned the crypto mixing platform Tornado Cash.
Tornado Cash is an Ethereum blockchain-based Tornado Cash platform, which provides crypto mixing services for crypto users to remain anonymous. In the past, many bad actors used the Tornado Cash platform to facilitate illegal money transactions. Only in the last year of time frame, Tornado Cash was used to launder more than $1 billion worth of funds.
On 22 September, Preston Van Loon, core developer in the Ethereum blockchain ecosystem, informed the crypto community that open source code sharing platform GitHub officially unbanned Tornado Cash. Now the open source code and past developed shared open source code on GitHub are available.
Ethereum developer confirmed that the open-source code of Tornado Cash is available only in read-only form & no further development work will be allowed on GitHub because that may encourage the use of Tornado Cash, which is illegal under the jurisdiction of the United States.
“It looks like everything is in “read-only” mode, but that progresses from an outright ban. I still encourage @github to reverse all actions and return the repositories to their former status,” the Ethereum developer said.
Earlier on 13 September, this Ethereum developer took the reference of the statement of the US treasury department and said that sharing the open source code of Tornado Cash is legal and urged GitHub to unban Tornado Cash.
No Possibilities of Uban on Tornado Cash
On 8 September, the U.S. Treasury issued a public statement on the Tornado Cash ban and talked about the main reasons for banning the Tornado Cash crypto mixing platform.
The announcement of the Tornado Cash ban by the US treasury department confirmed that there is no such kind of plans, which could allow the use of Tornado Cash as a legal activity.
Read also: Ripple CEO statement acts as a catalyst for XRP token price
GitHub unbans crypto mixing platform Tornado Cash
https://bitcoinik.com/github-unbans-crypto-mixing-platform-tornado-cash/feed/
https://bitcoinik.com/github-unbans-crypto-mixing-platform-tornado-cash/feed/
Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!
How does it work?
- Select Trade in the main menu, then select Trading bot.
- Select a spot trading pair from the Trading bot menu.
- Select Moon Grid from the listed strategies.
- Enter the amount you want the bot to trade and click Create.
- Your bot will then be live.
- To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
