COIN BUREAU NEWSFLASH! – (27/08/22) Here are some of today’s m | Coin Bureau Insider
COIN BUREAU NEWSFLASH! – (27/08/22)
Here are some of today’s most important headlines:
Cloud Host of 10% of Ethereum Nodes Prohibits Crypto Usage
In a reddit post, German Cloud service provider Hetzner, which hosts 10% of Ethereum nodes, stepped in on a discussion around running blockchain nodes, the firm reiterated that using its products for crypto mining and staking was against its terms of service.
It specifically addressed the use of the host for running Ethereum nodes, and stated that the restrictions will apply to both PoW and PoS blockchains. Hetzner is currently the second largest cloud host for the Ethereum network. This has prompted a discussion on the dangers faced by decentralised networks running on a centralised tech stack.
Hetzner stated,
“We are aware that there are many Ethereum users currently at Hetzner, and we have been internally discussing how we can best address this issue. If you, or any other potential customers are unsure about whether your use case will violate our ToS, please reach out to us.”
https://www.theblock.co/post/165976/host-of-10-of-ethereum-nodes-prohibits-crypto-usage-discussing-consequences
Wife of Arrested Tornado Cash Developer Denies Russia Secret Service Links
Ksenia Malik, the wife of Alexey Pertsev, the web developer detained in Amsterdam for connections to the Tornado Cash crypto mixing protocol, has denied her husband has ties to the Russian secret service following claims that he worked for a cybersecurity firm that the U.S. Treasury Department had blacklisted.
The allegations were made in a post by financial-crime analysts Kharon on Thursday. Malik denied the allegations stating,
“Alexey has never been associated with the FSB of the Russian Federation and similar organisations. We moved to the Netherlands in the hope of a quiet, stable and free life, which is unimaginable in military Russia.”
https://www.coindesk.com/policy/2022/08/26/wife-of-pertsev-arrested-tornado-cash-developer-denies-russia-secret-service-links/
Crypto Lending Platform Compound Rolls Out Fresh Upgrade for DeFi Users
Popular DeFi lending protocol Compound has successfully rolled out its new upgrade called ‘Comet’. The new version is said to have made the protocol more streamlined with several improvements.
Robert Leshner, the founder of Compound, announced the roll out in a blog post, stating
“Compound III is a streamlined version of the protocol, with an emphasis on security, capital efficiency, and user experience. Complexity wasn’t added — it was removed. What remains is the most effective tool for borrowers in DeFi,”
https://decrypt.co/108314/crypto-lending-platform-compound-rolls-out-fresh-upgrade-defi-users
Binance Froze $1M Corporate Account Due to Law Enforcement Request
In a tweet posted on Thursday, crypto exchange giant Binance confirmed that it froze access to a corporate account belonging to a Tezos Tool contributor called ‘Baking Bad’ due to a law enforcement request.
The account reportedly contains over $1 million worth of crypto. Baking Bad initially claimed that the exchange froze his account “without any explanations.” In response Binance stated,
“BakingBad is well aware of [Binance’s actions], as he was already advised of this multiple times and provided the LE contact form through our support chat system on 7/6, 7/12, and 7/22. Attempting to mislead the community in regards to your case will not change anything, unfortunately.”
https://cointelegraph.com/news/binance-froze-1m-corporate-account-due-to-law-enforcement-request
