The cryptocurrency market has been full of surprises lately, with new developments and launches popping up every week. This week is no exception as the Optimism (OP) Testnet was bolstered with privacy pools, Shiba Inu (SHIB) saw a 25% drop in price leading up to its Shibarium launch, and TMS Network (TMSN) announced its plans to become the one-stop trading platform for all.
Optimism (OP) Testnet Adds Privacy Pools
In August 2022, Tornado Cash, a privacy-focused Ethereum blockchain-based tool, earned the dubious distinction of being sanctioned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) for its role in North Korea’s money-laundering schemes. This news came as a surprise to many in the crypto industry and was a stark reminder that no one is beyond scrutiny when it comes to financial crimes.
The sanctions were accompanied by the arrest of Alexey Pertsev, Tornado Cash’s web developer, in a swift show of force from OFAC meant to discourage illicit financial behavior. These events have sparked much debate about the implications for privacy tools such as Tornado Cash and their potential role in facilitating illegal activities, underscoring the need to weigh personal security and ease of use against ever-higher regulatory expectations.
While providing paramount privacy for its users, the team developing Privacy Pool at Optimism (OP) are applying the utmost rigor to ensure their platform’s safety. This is made possible through zero-knowledge proofs that can identify any suspicious activity, such as North Korea’s $625 million hack on Axie Infinity.
This additional verification allows users of Privacy Pool a greater degree of security when utilizing their services while also maximizing privacy. The secure and anonymous implications this technology presents are irreplaceable, particularly in times like these where trustworthiness, in addition to efficiency, has become even more necessary to daily life.
Shibarium Looming But Shiba Down 25%
Shibarium is a game-changer for Shiba Inu. As a Layer-2 protocol built on top of the Ethereum network, it will bridge the gap between fundamental and third-party blockchain layers by providing the infrastructure needed to scale higher demands on the system.
With this upcoming integration, Shiba Inu fans can look forward to an exciting expansion for their favorite cryptocurrency. All signs point to Shibarium thriving within this industry and bringing enhanced performance capabilities with its innovative design.
But despite these positive developments on the ecosystem, Shibas price isn’t reflective of it, with it being over 25% down over the past 30 days, which is much higher than the average market decrease over this period.
TMS Network (TMSN) The All-Encompassing Trading Platform
With the ease of transactions and cost-effectiveness, TMS Network (TMSN) is quickly becoming the token of choice for crypto investors. It has already taken the market by storm with its presale stages recording significant progress, turning it into one of the most sought-after tokens in the industry.
TMSN was designed with traders’ convenience in mind, as it provides more efficient trading systems than most existing platforms. Interoperability too is a major feature that allows users to switch between digital assets within one single platform. Moreover, all transactions are securely recorded on publicly distributed ledgers, making it one of the most secure and reliable networks available globally. All these features make TMS Network (TMSN) a top choice for traders across all digital asset classes like cryptocurrencies, stocks, Forex, and CFDs.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetworkio
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