Circle ‘blacklists’ all Tornado Cash ETH addresses effectively freezing USDC

Circle’s USDC has “blacklisted” all Ethereum addresses owned by Tornado Cash listed in the US Treasury Department’s sanction against the protocol. A Twitter bot named USDC Blacklist, which scrapes the blockchain for USDC blocklists, highlighted the issue as it tweeted multiple times through Monday after the sanction was issued. The USDC “Blacklist Policy” states that … Read more

European Central Bank hints at PoW-based crypto ban by 2025

The European Central Bank (ECB) blasted Proof-of-Work (PoW) mining as a significant climate change risk in research bulletin published in July. As expected, the report specifically mentioned Bitcoin. However, it also raised issues with Ethereum, despite its transition to a Proof-of-Stake (PoS) consensus mechanism. Researchers compiled estimated carbon footprint data on the above tokens and … Read more

Internal documents show EU policy makers want to push Ethereum over Bitcoin

EU policymakers are back in the spotlight less than a month after voting for stricter rules on unhosted crypto wallets. This time it’s to do with internal documents that show discussion to “protect” Ethereum at the expense of Bitcoin over its supposed greener credentials. The issue raises questions over protectionism and picking winners versus losers, … Read more