On August 8, the OFAC issued sanctions on Tornado Cash. Emmer asked what considerations caused a piece of technology to a sanction’s list. A member of Congress in the United States has questioned the Treasury’s decision to ban Tornado Cash. The penalties on Tornado Cash, a “neutral, open-source, decentralized technology,”
The top 1% of addresses recently controlled 87.667% of all USDC. On-chain statistics show a sell-off of USDC over the previous two weeks. As the bear market in cryptocurrencies continues, the share of USDC stablecoins owned by significant wallet addresses has fallen to its lowest level in over two years.
The token mapping effort aims to be completed by the end of the year. The Treasury will also begin working on some of the other recommendations soon. The Australian Labor Party (ALP) has finally spoken out on its plans for crypto legislation three months after coming into office.”Australia as a
The company not only mines Bitcoin but also Bitcoin Cash and Bitcoin SV. The precise date when SBI will end its cryptocurrency mining in Russia is still unknown. Japanese financial services giant SBI Holdings, according to a Bloomberg report, is winding down its cryptocurrency mining activities in Russia. One of
Circle’s USDC stablecoin is used to collateralize the vast majority of MakerDAO’s DAI. The DeFi protocol has a total locked value of approximately $11 billion. Many prominent leaders in the cryptocurrency sector are reevaluating their dependence on U.S.-based centralized services and products in the wake of the Treasury Department’s shocking
dYdX banned user’s accounts that utilized Tornado Cash. Many users had no awareness they had received money from the crypto mixer. The cryptocurrency exchange dYdX announced that it has blocked user accounts that even have a token link to Tornado Cash, the cryptocurrency mixing service that the U.S. Treasury sanctioned
Mashinsky’s wallet traded 17,475 CEL tokens for $28,242 in ether (ETH). The CEO had more tokens than the next four holders combined. Crypto intelligence outfits Nansen and Arkham Intelligence have identified a $CEL address associated with Celsius CEO Alex Mashinsky that has liquidated part of its assets for the first
Toronto, Canada, 8th August, 2022, Chainwire An up-and-coming GameFi infrastructure startup, VisionsDAO has been building for more than a year what could become a foundational primitive for game developers looking to implement sound crypto economic designs and plug-and-play modules that will power a new wave of sustainable on-chain Web3
Financial institutions support the U.S and international efforts to weaken Russia. Russian government using CVCs to evade widespread sanctions. The Bureau of Industry and Security (BIS) of the U.S. Department of Commerce, and the Financial Crimes Enforcement Network (FinCEN), issued an alert. That warning financial institutions to be on the
The US and UK regulators collaborated to enlarge cryptocurrency regulation. The Working Group wants to strengthen regulatory outcomes for stablecoins across jurisdictions. According to a recent press release from the U.S Department of the Treasury, the Financial Regulatory Working Group of the U.K and the U.S, recently conducted an official
