A clarification from the Ethereum Foundation on Wednesday stated that the network's proof-of-stake transitory...

CZ

A Sunday tweet by Changpeng Zhao (also known as CZ) revealed that only 50 of...

According to a new bankruptcy report, Celsius's actual debt is $2.85 Billion. This compares with...

The Philippines' central bank is looking for ways to protect investors in light of rising...

Rumours have been circulating about Ethereum's ( -ETH) upcoming upgrade, The Merge. This involves the...

Block wallet addresses that are deemed at-risk using the DeFi platform Oasis A new Discord post from Thursday’s community states that decentralized financing (DeFi) platform Oasis.app has announced that only sanctioned addresses can access the application. Due to the new terms of service, wallets that have been flagged as high-risk are no longer allowed to use Oasis.app for managing positions or withdrawing funds. These users will need to interact with Oasis.app directly or use another service. Gabriel, a member of Oasis.app, explained the decision:
“We recently had to revise the Terms of Service of the Oasis.app front end to ensure compliance with the applicable laws and regulations. Oasis.app now has updated Terms of Service in accordance with the most recent regulations. Oasis.app functionality will not be accessible to any sanctioned addresses.
Oasis raised a $6 million Series B in 2020 and has since grown to be a well-known platform for DeFi borrowing and lending. In the last 30 days, $4.6 billion worth transactions were processed by Oasis and $3.42 billion has been managed in deposits. It is unclear at the time of publication which tools Oasis uses to identify wallets that are high-risk. Similar to Oasis’s decentralized exchange (DEX), Uniswap has recently begun to block wallets allegedly linked to illicit activities using TRM Labs data. TRM Labs assists entities in investigating and detecting crypto-related financial crimes through on-chain analysis. Oasis has received mostly negative feedback about their new measure. One Discord user, Eagles#2541, claims:
“I am actually just interfacing with Oasis using an account that has been exposed to Tornado Cash. I cannot reproduce the problem that others are experiencing, so it is likely that the team is incompetent or has used a wide net with arbitrary holes.
It appears https://t.co/S7tb5tREIC, following Uniswap, has started sending all your data to TRM Labs. This is what happens when you are connected to an address that they don’t like. There is no way to close positions in the UI. pic.twitter.com/n2ocN8jQTq — banteg August 11, 2022

According to a new community Discord post on Thursday, decentralized finance (DeFi) platform Oasis.app says that...

A blog post was published Thursday by BlackRock, the world's biggest asset manager with more...

Developers and investors have the opportunity to create new financial tools that provide a variety...

In El Salvador, the grassroots Mi Primer Bitcoin program, which means "My First Bitcoin," has...

Despite the massive volume of liquidations in the cryptocurrency market, some companies who sold their...