🤝🏻 Vitalik: crypto payments are the future of international transactions

🤝🏻 Vitalik: crypto payments are the future of international transactions✔️ Tether says it's not going to freeze wallets associated with sanctioned projects unless ordered to by law enforcement 🗯️ The court's decision to keep the developer of Tornado Cash in jail for 90 days is sparking protests

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🤝🏻 Vitalik: crypto payments are the future of international transactions✔️ Tether says it's not going to freeze wallets associated with sanctioned projects unless ordered to by law enforcement 🗯️ The court's decision to keep the developer of Tornado Cash in jail for 90 days is sparking protests

Vitalik: crypto payments are the future of international transactions

Vitalik Buterin, the co-founder of Ethereum, has spoken about the advantages of cryptocurrency payments over other payment methods in an interview during Korea Blockchain Week 2022. He believes that crypto payments are more convenient and censorship-resistant, which makes them a great option for international transactions.

However, some people are still not convinced about the benefits of using cryptocurrencies for payments. They are concerned about the volatile nature of digital assets and the lack of regulation in the space.

Buterin is confident that the Ethereum merge will make crypto payments more popular by reducing fees to a degree. He believes that this will lead to more adoption of cryptocurrencies and help them become mainstream. Vitalik also mentioned that  Bitcoin's Lightning Network is a great scaling solution that can help Bitcoin become a peer-to-peer electronic cash system.

Can we hope that crypto transactions will become more widespread in the future? Only time will tell.  But it is certain that Buterin's words carry a lot of weight in the crypto community. His vision for the industry is one that many people share. Let's see if his predictions come true.

Tether says it's not going to freeze wallets associated with sanctioned projects unless ordered to by law enforcement

Tether has come out to say that it has not been ordered by the US government to freeze any addresses associated with the Ethereum coin mixer Tornado Cash, and that they're not planning on freezing any of them unless they're specifically ordered to.

Tether has announced that it is cooperating with law enforcement on various freezes, but has not been specifically ordered to freeze any addresses associated with Tornado Cash. This is despite the fact that the Office of Foreign Asset Control (OFAC) has added several addresses associated with Tornado Cash to its sanctions list.

Tether says that it is in "almost daily contact" with law enforcement and that freezing an address without a request from law enforcement could be "highly disruptive and reckless."  Tether also added that it locks privately-held wallets, but not exchange and service wallets.

Tether has also criticized Circle's (USDC) decision to blacklist certain Tornado Cash addresses, calling it "premature" and potentially harmful to law enforcement efforts.

This statement from Tether seems to allude to a widespread argument which holds that the sanctions against Tornado Cash are the first to ever target a technology company. The US government has, in the past, sanctioned individuals and businesses, but never a whole company for its technology.  Many in the cryptocurrency space argue that this is a direct attack on privacy-focused cryptocurrencies, and could set a precedent for similar actions against other projects in the future.

The court's decision to keep Tornado Cash in jail for 90 days is sparking protests

The crypto community is up in arms after a judge in the Netherlands ordered to keep Tornado Cash developer Alexey Pertsev in jail for additional 90 days.

Pertsev, who is accused of money laundering, is being held in jail while he awaits trial. His supporters argue that he should be released because he is innocent and did not knowingly commit any crime.

Ryan Adams, a crypto investor and commentator, took to Twitter to express his dismay at the situation. He argued that Pertsev is being punished for something that he did not do, and that the real criminals are the ones who used his code to commit crimes.

Adams called on the crypto community to rally behind Pertsev and demand his release. He also urged developers to be careful when writing code, as they could be held responsible for crimes committed by others.

The crypto community has responded to Adams' call, and many are now demanding Pertsev's release. In Amsterdam, a bunch of protesters have gathered to demand the Pertsev's release. The protesters called on authorities to arrest the real criminals rather than prosecute developers, stating, "Open source is not a crime." It remains to be seen whether the Dutch authorities will actually heed their demands.