Morning Post - September 14

headlines

▌U.S. Department of the Treasury Issues FAQs in Response to the Tornado Cash Sanctions Controversy

The U.S. Treasury Department released new FAQs on Monday in response to the controversy over the Tornado Cash sanctions. The U.S. sanctions do not prohibit Americans from copying open source code and making it available online for others to view, as well as discussing, teaching or incorporating open source code into written publications such as textbooks, the Treasury Department said. The new guidance further outlines the application process for those users with cryptocurrencies stuck in the Tornado Cash mixing pool. The Office of Foreign Assets Control (OFAC) said it will adopt a favorable licensing policy for such applications as long as the transaction does not involve other sanctionable conduct.

cryptocurrency

▌Data: In the past 24 hours, the entire network has lost 338 million US dollars, and Bitcoin has lost 124 million US dollars

According to Coinglass data, in the past 24 hours, the entire network has lost 338 million U.S. dollars, including 124 million U.S. dollars in Bitcoin and 119 million U.S. dollars in Ethereum.

▌Binance: If Ethereum is forked to generate a new chain, it will support the distribution of the forked token ETHW

Binance announced that it will suspend deposit and withdrawal services on the Ethereum network (ERC-20) about 1 hour before the merger of Ethereum, starting at approximately 08:30 on September 15, 2022. If a hard fork occurs and a new chain is generated, the Ethereum PoW main network and its forked tokens will adopt the ETHW code. If the ETHW chain continues to exist, Binance will assist all users who hold ETH and WETH in Binance accounts with all technical requirements involved, and credit the forked token (ETHW) in a 1:1 ratio. conditional Binance account. Allocation details will be announced separately.

▌Bitfinex CTO: Ethereum is still not comparable to Bitcoin after the merger

Paolo Ardoino, chief technology officer of Bitfinex and Tether, said that Bitcoin is a form of currency, but Ethereum is trapped between the form of currency and the platform, but ETH cannot compete with Bitcoin in terms of currency because it does not have a fixed supply, and It's not really a world computer yet, because it has a shared global state, so it's too slow to scale. The merger will not fix transaction fees or make Ethereum more decentralized.

▌Trust Wallet adds support for Solana DApp

Trust Wallet, a multi-chain non-custodial wallet, announced new support for Solana DApp. Users can now connect Trust Wallet to Solana DApp directly through the DApp browser on Trust Wallet iOS and Android or using the Wallet Connect protocol on the desktop.