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Showing posts with the label money

Ionise protocol unveils first money market on Zilliqa

In a Nov. 6 post on X, Zilliqa, a layer-1 blockchain with almost half a million followers, shares the news of the Ionise Protocol, built on Zilliqa EVM, going live on mainnet. Following this announcement, users can participate in lending and borrowing of tokens on the Zilliqa network using wallets such as MetaMask and Coinbase. Non-custodial in nature Ionise has been introduced to the public as a decentralized money market protocol that will enable users to engage in token lending and borrowing within the Zilliqa EVM network, operating as a non-custodial system, which guarantees users maintain complete control over their assets. The first money market protocol built on #Zilliqa EVM has launched on mainnet!@ionise_protocol allows users to lend and borrow tokens on Zilliqa and includes support for popular wallets like #MetaMask. Learn more about the Ionise and how it paves the way for better #DeFi on… pic.twitter.com/ii0c0R2NI1 — Zilliqa (@zilliqa) November 6, 2023 The intro...

Tornado Cash developers charged with money laundering in US

Founders of crypto mixer Tornado Cash, Roman Storm and Roman Semenov, are indicted on charges including money laundering, potentially facing 20 years in prison. In the Aug. 23 press release, Roman Storm and Roman Semenov, the developers behind Tornado Cash, have been accused of processing hundreds of millions of dollars for North Korea’s Lazarus Group, a hacking entity subjected to sanctions.  You might also like: Lazarus Group may be responsible for Harmony Bridge hack The charge s stem from their purported establishment, management, and promotion of Tornado Cash, a cryptocurrency mixer reportedly enabling over $1 billion in money laundering transactions. Both Storm and Semenov are being held with a single charge each of conspiring to engage in money laundering and conspiring to breach the International Economic Emergency Powers Act. If these charge s end in convictions, Strom and Semenov will have a prison sentence of up to 20 years. Both parties are also fac...