👀 Are You Ready for the Merge?

Tornado Cash, the Ethereum Merge, & More

GM #ghostfam and frens!

Wanna learn about the death of Tornado Cash, the upcoming Ethereum Merge, Robinhood’s new Web3 wallet, or how to survive a bear market?

Keep reading to explore all of these topics and more.

Web3 Rundown

🤑 1M+ customers are waiting for Robinhood’s Web3 wallet

🐻 Follow this guide to survive any bear market

👀 The Ethereum Merge is coming soon

👾 Learn about Ethereum Classic and the Ethereum hard fork

🪦 RIP to the virtual currency mixer Tornado Cash

Crypto commentators have both mourned and celebrated the alleged death of Tornado Cash.

But what exactly do these currency mixing platforms even do?

To give a quick rundown, services like Tornado cash allow users to deposit funds into their protocol anonymously, and withdrawal the funds without revealing their origin.

According to Decrypt, “Users send cryptocurrency to the service, have that crypto mixed with other coins or tokens, and then send the equivalent amount of “mixed” coins to a recipient address, hiding the connection between the sender and recipient.”

Sound illegal? Well, it can be, depending on what country you’re living in.

When it comes to ethical concerns, the verdict is equally dicey— people aren’t quite sure what to make of services that aim to provide anonymity, especially when large amounts of money are involved. Like, billions of dollars.

There seems to be two camps of people, each boiling down their argument into two differing conclusions:

• Promotors of privacy find these tools necessary, as they provide anonymity through mixing funds and concealing their origin.

• Those in charge believe coin mixers are dangerous tools that allow criminals to launder dirty money.

Regardless of which side you find yourself agreeing with, the US government has began a crackdown on these services.

By including Tornado Cash on the official OFAC list of sanctioned entities, it is effectively illegal to interact with the code within the US.

A 29-year-old was arrested in Amsterdam after his suspected involvement in creating Tornado cash, and it seems there may be more arrests on the way across the globe.

When it comes to currency mixing platforms, government officials have clearly shared their distaste, but those seeking privacy don’t want to say goodbye to services like Tornado Cash. Only time will tell if these platforms will stick around.

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ghost (●ᴗ●) @ghost_msg

don’t be scared to take chances in web3. there is so much unknown but so many possibilities. you never know what can happen to you but it doesn’t hurt to try :)

It’s true— Web3 is full of endless possibilities for knowledge, growth, and more! This space is so new, and there’s no telling what will come next.

Do you make time for learning at work?

Being humble enough to consider yourself a lifelong learner is a valuable skill that shouldn’t be put on pause during your 9–5.

Encouraging your team to learn more and share that newfound knowledge with others (while on the clock) is one of the best ways to spark passion and excitement in any team or workplace.

Whether you’re a fellow Web3 company, or in a completely different industry, there’s always room for learning —this reigns true not only at home, but right at work alongside your team. Read more →

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Click here to join— all are welcome!

Thanks for reading, frens! We’re excited to chat again soon! GN.

With Love,

The Ghost Team