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Search Results for: US treasury

US Default Begins, Will Crypto Investment Be Effective This Time?

When comparing the financial crisis of the United States, the future shortcomings with regard to the financial markets might substantially turn hectic. Doubting that the US debt default would be the cause of the limiting debts and might turn to bring back the crisis like 2008 anytime. On Friday, Janet

May 27, 2023 3 mins read

Binance Responds to U.S. Treasury for North Korean Crime

Binance, the world’s largest crypto exchange, has responded to the U.S. Treasury seizing $4.4 million and freezing accounts linked to North Korean crime. We are proud to have assisted US law enforcement in seizing $4.4M and freezing accounts linked to North Korean organized crime. Kudos to our law enforcement partners

May 25, 2023 1 min read

USDT Stablecoin Issuer Tether Reports $1.48B Net Profit in Q1 2023

Tether Holding Limited, a stablecoin issuer, has announced that its reserves surplus has increased to $2.44 billion, a $1.48 billion up in net profit. Many digital assets had a dramatic gain in value during this time, which may be attributed to the general revival of the crypto market. Tether's Latest

May 10, 2023 2 mins read

Poloniex Settles Sanctions Violations for $7.59M to U.S Treasury

Poloniex, a cryptocurrency exchange located in Boston, has agreed to pay a staggering $7.59 million. This is to resolve sanction breach accusations with the Office of Foreign Asset Control (OFAC) of the U.S. Treasury Department. A press release from OFAC claims that the exchange violated more than 66,000 different penalties.

May 2, 2023 1 min read

Tether (USDT) Market Capitalization Surges to $81.5 Billion, Nearing All-Time High

The crypto market’s leading stablecoin provider, Tether (USDT), reached a market capitalization of around $81.5 billion on Thursday. It is the highest point of its market capitalization since Terra’s collapse in May 2022. USDT is just $2 billion behind to surpass its all-time high of $83.4 billion, which it reached

April 22, 2023 2 mins read

Coinbase’s Twitter Space Discussion on Crypto Policies

As a part of the ‘Crypto435‘ campaign conducted by Coinbase, a live Twitter Space discussion happened in Washington, DC – concerning cryptocurrency policies and national securities with the CEO of Coinbase, Brian Armstrong. The other people who joined in the spaces include Anja Manuel, Tomicah Tillemann, and Faryar Shirzad, during

April 22, 2023 2 mins read

Court Rules Release of Tornado Cash Developer But Under House Arrest

Alexey Pertsev, the creator of Tornado Cash, will be released on certain conditions. After sanctions were placed on the crypto mixing service by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) in August, he was arrested by Dutch police. The developer of Tornado Cash reportedly received some kind

April 20, 2023 1 min read

TORN Price Soars +20% on News of Jailed Developer’s House Arrest

According to recent reports, Tornado Cash developer Alexey Pertsev is set to be released from jail by authorities and will be kept under house arrest with an ankle monitor and surveillance from next week, following a Dutch court ruling.  The Founder of Tornado Cash, Alexey Pertsev has reportedly been released

April 20, 2023 1 min read

Arbitrum Community Votes Against Returning 700M ARB Token to Treasury

There is just one day left for governance votes to be cast, and it seems like 700 million ARB tokens “unjustly allocated to the Foundation from the DAO” will be returned by the Arbitrum community. This proposal is called Arbitrum Improvement Proposal 1.05. As of this writing, more than 83%

April 14, 2023 2 mins read

FedNow: Federal Reserve’s Instant Payment Service in the US

FedNow is an initiative of the Federal Reserve Bank for a new, enriched payment service. The announcement is about launching this payment service in the upcoming July 2023. It is one of several services of the Federal Reserve, including FedWire, a credit transfer service, and FedACH, an automated clearing house.

April 11, 2023 2 mins read