A16z Crypto’s comments come weeks after Roman Storm was found guilty of charges linked to his mixing service Tornado Cash, which masks the origin and destination of crypto.
Stephen Katte
Stephen Katte is an Australia based journalist who joined Cointelegraph in 2022 as a writer on the Asia-Pacific news desk. He mainly covers crypto crime and regulatory related content. Previously, he wrote gambling related articles for casinos and covered international news with a focus on the United States. He also covered local Australian news with regional papers under the banner of major media company’s Fairfax Media and Nine. He holds a bachelor’s degree in writing from the University of Canberra. Stephen has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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ZK-proofs could protect privacy and still combat bad actors, VC argues - News
WazirX users approve restructuring plan again after court rebuff WazirX has been trying to get a restructuring plan through the Singapore High Court to start returning funds to users impacted by the $234 million hack in 2024.
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3D-printed housing company adopts Bitcoin, NFTs in blockchain pivot Lib Work is dipping its toes into Bitcoin, a month after using NFTs for the first time to tokenize the designs of one of its 3D printed houses.
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Google takes 14% stake in Bitcoin miner TeraWulf, becoming top shareholder TeraWulf’s chief strategy officer, Kerri Langlais, said Google has become its largest shareholder, providing “powerful validation” from a leading tech giant.
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South Korea’s Jeju City targets crypto holdings of alleged tax dodgers The South Korean government passed laws in 2021 allowing regulators to seize crypto from accused tax delinquents.
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Thailand to launch crypto payment sandbox for tourists The Thai government will allow tourists to exchange crypto for Thai baht and make electronic payments through e-money service providers.
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Garantex had ‘contingency plans’ last time authorities tried to shut it down The US government redesignated Garantex on Thursday to its list of sanctioned entities, along with its successor, Grinex, but TRM Labs suggests it may be ineffective.
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Investors target ‘fun-first’ crypto games as funding jumps 94% in July Web3 gaming funding steamed back as daily unique active wallets rose 2% to 4.9 million in July, in signs of a maturing industry.
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Crypto trader bot scam on YouTube looted 256 ETH: SentinelLABS Aged YouTube accounts with a history of posting crypto news and investing tips have been taken over by bad actors to advertise a scam trading bot that steals crypto.
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KakaoBank plans to ‘actively participate’ in stablecoin market: Report South Korea’s KakaoBank is looking at services for the issuance and custody of stablecoins with plans to “actively participate” in the crypto market.
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Solana treasury race heats up as firms hunt staking rewards Three public companies increased their Solana holdings this week, as BitGo speculated that firms are buying Solana to stake it and earn rewards.
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SEC’s crypto pivot has ‘not been priced in,’ Bitwise exec says Bitwise chief investment officer Matt Hougan remarked on “the most bullish document I’ve read on crypto.”
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SEC’s Peirce defends transaction privacy as Tornado Cash verdict looms SEC Commissioner Hester Peirce said developers of open-source privacy software should not have to answer for the actions of others using their software.
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Trump Bitcoin adviser David Bailey wants to create a $200M PAC A key priority of the proposed PAC would be to send the Bitcoin price to $10 million, according to Bailey, and positioning “for the long term.”
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Cardano community approves $71M treasury spend for network upgrades Prior to the proposal passing, Cardano's Technical Steering Committee submitted a competing bid and users expressed concern about transparency and accountability.
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Crypto hacks top $142M in July, with CoinDCX leading losses During the WOO X hack, bad actors used social engineering to gain access to the development environment, according to Rob Behnke, chairman of Halborn.
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OG Bitcoiners are rotating out, but it’s a healthy dynamic: Analysts Old Bitcoin being sold to new institutions is a sign of its “integration with the financial system," Ryan McMillin, chief investment officer at Merkle Tree Capital told Cointelegraph.
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Ethereum activity may top 2024 as it stays key to DeFi, NFTs: DappRadar DappRadar analyst Sara Gherghelas said 2025 Ethereum DApp activity appears on track to match or even surpass 2024, “suggesting that the current market momentum might be sustainable.”
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Spot Ether ETF staking could ‘dramatically reshape the market’ Hank Huang, CEO of Kronos Research, said Ether ETFs offering yield through staking “flips the switch on demand,” boosting liquidity and greater onchain participation.
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Bank of Korea to launch virtual asset committee to monitor crypto The Bank of Korea has also renamed its CBDC research and development teams to reflect their focus as practical business departments.
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Key player in $13M crypto Ponzi scheme pleads guilty Vincent Anthony Mazzotta Jr has pleaded guilty to money laundering and conspiracy to obstruct justice, which together carry a maximum of 15 years in prison.
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US seeks to claim $2.4M in Bitcoin seized from ransomware group The US is seeking the forfeiture of 20.2 BTC seized by the Dallas FBI from the Chaos ransomware group, adding to the country’s proposed Strategic Bitcoin Reserve.
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BitMine tanks 27% despite touting ETH’s implied value at $60K David Grider, a partner at venture capital firm Finality Capital, said he thinks the Ether treasury company boom should bode well for the long-term price and inflows of the token.
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CZ’s estimated BNB holdings hit $75B as BNB breaks new highs Binance co-founder Changpeng “CZ” Zhao is now worth at least $75 billion after the BNB token hit a new all-time high of $850.70.
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Hulk Hogan, Ozzy memecoins soar as tributes roll in over icons’ deaths Terry Bollea, better known by his wrestling ring name Hulk Hogan, was pronounced dead in a hospital on Thursday at the age of 71, days after Ozzy Osbourne passed away at 76.
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BitMine gobbles over $2B in ETH in 16 days amid treasury arms race Chairman of BitMine’s board of directors, Tom Lee, said the company wants to acquire and stake at least 5% of the total Ether supply, which would be over 6 million Ether.
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Solana block capacity is up 20% and there’s a proposal for it to go even higher Solana isn’t the only network upgrading its block capacity; Ethereum's gas limit increased to just under 45 million units as of Tuesday.
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Scammers pounce as crypto markets touch new all-time highs Ripple warns that bad actors are stealing YouTube accounts and using them to impersonate the firm to shill their scams, including fake “XRP giveaways.”
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SEC approves, then instantly pauses Bitwise’s ETF conversion SEC greenlights Bitwise ETF, then halts it hours later — analysts say politics or missing crypto rules could be behind the sudden reversal.
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UK to ban public sector from making ransomware payments The UK will prohibit its public sector, such as its health service and local councils, from paying ransomware in a bid to “smash the cyber criminal business model.”