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Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Powerful stories, revealing conversations and animated explainers to help make sense of the world.
Summer of Shelved M&A Surpasses $150 Billion as Credit Woes Bite
Wall Street Reacts to Powell: ‘Very Clear Pushback’ on 2023 Fed Pivot
Khazanah in Talks to Lead $100 Million Round at GoMechanic, Sources Say
Jefferies Tech Call Helps Investors Double Money in a Single Day
Musk Ally Sacks Wants Twitter Subpoenas to His Firms Tossed
Biden Team Aims for Omicron-Targeted Shots in Arms by Labor Day
Biden Sees Six-Point Gain in Gallup Poll, Adding to Political Ground
Mukesh Ambani Is Mystery Buyer of Dubai’s Costliest Home Ever
Alarm Bells Ring for UK Housing as Signs Point to Falling Prices
Serena’s Example: Tennis Icon’s Impact Felt in Black America
Dubai to Scour New York Looking for Next Great American Watchmaker
Keeping the Lights on in Europe Will Be Very Hard This Winter
Biden’s Debt Relief Plan Will Make American Politics Worse
Don’t Let China Change the Status Quo Over Taiwan
Crypto’s Real Value Was Never $3 Trillion
DraftKings Is Coming for Your Dumb Money at Wrigley Field
The Trouble With Comparing Next-Gen Car Batteries
Biden Administration Urged to Probe Worker-Monitoring Technology
Swiss Health Insurer Under Fire for Offering Pro-Life Discount
Workers at Chipotle Store Unionize With Teamsters In Latest Labor Win
Swimmers Are Having to Avoid Sewage on Britain’s Beaches — Here’s Why
VW’s Trucking CEO Sees Electric Rigs Hauling Timber in the Cold
Congestion Pricing Is ‘Going to Be the Death of Lower Manhattan’
To Combat Crime, Houston Calls for Mandatory Video Surveillance
Even Schools Flush With Cash Can’t Keep Up With Teacher Shortage
Catching Up With the Crypto Editors
Singapore Steps Up Crypto Questioning as Firms Brace for Changes
Thai Energy Billionaire Doubles Down on Crypto Despite Market Turmoil
Tornado Cash, a cryptocurrency mixer that was recently slapped with US sanctions, was the preferred tool for laundering illicit proceeds from nonfungible token scams prior to the ban, according to blockchain analytics firm Elliptic Enterprises.
The mixer “was the source of $137.6 million of cryptoassets processed by NFT marketplaces and the laundering tool of choice for 52% of NFT scam proceeds before being sanctioned,” the firm wrote in a report released Wednesday. Services offered by platforms like Tornado Cash can be used to mask transactions by mixing tokens from different sources before transferring them to the ultimate recipients — making them a popular tool among illicit actors. Tornado Cash didn’t immediately return a request for comment.


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