Blockchain
Tornado Cash dev Alexey Pertsev gets 64-month prison term after Dutch court finds him guilty of money laundering
![tornado-cash-dev-alexey-pertsev-gets-64-month-prison-term-after-dutch-court-finds-him-guilty-of-money-laundering](https://theblockchainexaminer.com/wp-content/uploads/2024/05/50714-tornado-cash-dev-alexey-pertsev-gets-64-month-prison-term-after-dutch-court-finds-him-guilty-of-money-laundering.png)
Alexey Pertsev, a developer associated with the Tornado Cash cryptocurrency mixer, has been found guilty of money laundering by a Dutch court. Pertsev’s case has garnered significant attention due to the implications it holds for the cryptocurrency community and the legal boundaries surrounding the use of privacy-enhancing tools in the crypto space.
Tornado Cash is a decentralized protocol that allows users to mix their cryptocurrencies, making it difficult to trace the origin and destination of the funds. This feature, while providing privacy for legitimate users, has also made it a tool for illicit activities, including money laundering. Pertsev was arrested in August 2022, shortly after the U.S. Treasury Department sanctioned Tornado Cash, citing its use in laundering more than $7 billion worth of cryptocurrencies, including funds stolen by the North Korean hacking group Lazarus.
Pertsev’s conviction highlights the ongoing tension between the desire for privacy in financial transactions and the need for regulatory oversight to prevent criminal activities. The case has sparked debate over the accountability of developers who create privacy-focused tools and their responsibility in preventing their misuse.
The court’s decision underscores the increasing scrutiny that authorities are placing on privacy-enhancing technologies in the cryptocurrency sector. It also serves as a warning to other developers about the potential legal consequences of creating tools that can be used for illicit purposes.
Source: dlnews.com
The post Tornado Cash dev Alexey Pertsev gets 64-month prison term after Dutch court finds him guilty of money laundering appeared first on HIPTHER Alerts.
Blockchain
Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision
![everdome-and-alpine-web3-redefine-fan-engagement-with-bold-metaverse-vision](https://theblockchainexaminer.com/wp-content/uploads/2024/09/52302-everdome-and-alpine-web3-redefine-fan-engagement-with-bold-metaverse-vision.png)
Alpine Web3 and Everdome are joining forces to push the boundaries of fan engagement through immersive digital experiences. Building on Alpine’s storied motorsport legacy, this partnership will bring fans closer to the action with metaverse pop-up spaces and interactive events.
As Alpine Web3 shifts its focus beyond motorsport, this collaboration aims to redefine sports marketing by merging the physical and digital worlds, offering fans a dynamic and innovative way to connect with their favorite teams and events.
Alpine is a brand with a long and successful history, founded in 1955 by Jean Rédélé and quickly building success across multiple motorsports disciplines. With titles across multiple motor racing disciplines such as the World Rally Championship, 24 Hours of Le Mans, success in F1® racing and the FIA WEC Endurance World Championship, Alpine has constantly innovated for success.
Now Alpine seeks to expand their innovation beyond motorsport, looking for ways to engage new audiences with experiential sports marketing as the real and digital worlds converge.
This two-way partnership will see Everdome work on a variety of experiential Alpine focussed destinations, kicking off with a series of metaverse pop-up spaces for Alpine Web3, released to coincide with the major sporting events across their race calendar, from Formula One® and beyond.
Everdome will also create interactive events with Alpine Web3 and their partners, allowing global audiences to take one step closer to the action as we explore the future of sports fan engagement together.
Last year, Everdome and Alpine first collaborated with an exclusive metaverse AMA with their F1® driver Pierre Gasly and Binance Fan Token, creating an interactive event where the audience could join with their avatar-likenesses inside a unique environment, bringing them closer to their racing heroes inside a digital world.
“Experiential marketing is on the rise as audiences react positively to immersive, interactive experiences which bring a feeling of deeper involvement with their sporting teams and heroes.’’ said Artur Kaczmarczyk, Chief Growth Officer for Everdome. “This new partnership will explore a future of sports fan engagement, creating a series of activations across the motorsports racing calendar to let global Alpine fans feel closer to the team, drivers and brand.’’
Beginning with metaverse spaces highlighting images and videos from Alpine inside fully interactive, avatar-led digital environments, Everdome will go on to create a dedicated and permanent metaverse footprint for Alpine Racing inside their digital headquarters, showcasing their glorious history, exciting present and promising future.
“This collaboration with Everdome underlines our commitment to constant innovation through leveraging the latest technology”, said Guillaume Vergnas, Head of Merchandising, Licensing, Esports & Web3 at Alpine. ‘’Motorsport has always been about passion, spectacle and interaction, and with Everdome we seek to allow audiences a taste of the spectacle in a novel digital world.’’
Everdome will introduce their large community of web3 followers and metaverse pioneers to Alpine’s exciting web3 ecosystem, paving the way for some exciting cross-project collaborations, activations and more across 2024 and beyond.
The post Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision appeared first on HIPTHER Alerts.
Blockchain
Blockchain Technology Market Size to Achieve USD 1,879.30 Billion by 2034
Blockchain
Blockchain Technology in BFSI Market Is Expected To Reach a Revenue Of USD 258.2 Bn By 2033, at 46.0% CAGR: Dimension Market Research
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