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Search Results for: US treasury

Circle To Invest in BlackRock Managed Circle Reserve Fund

Together with the asset manager, it established a government money market fund. The official blog article states that it will be exclusive to Circle. Circle, the stablecoin USDC’s issuer, recently made a public announcement that it will put a part of the USDC reserves into the Circle Reserve Fund. BlackRock

November 5, 2022 1 min read

Coin Center Sues OFAC Over Tornado Cash Sanction

Coin Center sees the action filed today as crucial to the protection of users’ privacy. Coinbase filed a federal lawsuit against the US Treasury last month. Crypto policy-focused non-profit ‘Coin Center’ on Wednesday sued the US Treasury Department’s Office of Foreign Asset Control (OFAC), alleging that OFAC exceeded its power

October 13, 2022 2 mins read

Intelligence Firm Reveals Tornado Cash Dev’s Link With FSB

Pertsev worked for the Russian company Digital Security OOO as per Kharon. Ksenia Malik, Pertsev’s wife, has repeatedly refuted rumors. Prior to his involvement with Tornado Cash, Alexey Pertsev most certainly worked for a Russian security firm with connections to state intelligence organizations as per an intelligence firm. The intelligence

August 27, 2022 2 mins read

Tether Will No Longer Freeze Tornado Cash Addresses

The action took effect on August 8, as indicated by the US Department of Treasury. The post stated that no OFAC-banned addresses have been requested to be frozen. Tether said it is seeking guidance from authorities before deciding whether or not to freeze Tornado cash addresses. The recent US government

August 25, 2022 2 mins read

Attackers on Ronin Bridge Made Off  $625M Switch Money to Bitcoin

The assets taken from Ethereum have been transferred by Ronin hackers . Most of the stolen funds were first converted to ETH and sent to Tornado Cash. The Ethereum assets that were taken by Ronin hackers have been moved to the Bitcoin network. The hackers who carried out the $625

August 22, 2022 2 mins read

Tornado Developer Arrested As its Network Shutdown

Alexey Pertsev, a developer of Tornado Cash, was arrested by Dutch officials. Tornado Cash DAO reportedly went offline. Ethereum (ETH) network’s “Merge” has been ready for the switch to Proof-of-Stake (PoS), at this time Tornado Cash, a cryptocurrency mixing service built on the Ethereum blockchain has turned into a hot

August 13, 2022 2 mins read

California Lawmakers Lift Crypto Donations Ban For Political Campaigns

Anonymous or outside contributions will not be allowed under the new restrictions. All political campaigns must also have adequate KYC procedures. As a result of a decision by California lawmakers, the state’s restriction on crypto contributions to state and local politicians has been lifted. Donations of any size (within the

July 23, 2022 1 min read

FSA of Japan Orders Crypto Exchanges to Adhere on Sanctions Imposed

Japan has been slow to adopt stronger regulations on private digital currencies. According to an industry body, 31 exchanges were operating in Japan on March 4. Monday, Japanese authorities issued an order instructing crypto exchanges to stop processing transactions involving assets frozen by the United Nations Security Council because of

March 15, 2022 1 min read

Wonderland Co-founder and CFO is Ex-Convict QuadrigaCX Co-founder

Investors lost around $190 million when the exchange went down in 2019. Patryn was sentenced to serve time in the United States. According to a tweet from on-chain analyst zachxbt, the anonymous treasury manager for Wonderland’s decentralized finance (DeFi) project and one of its co-founders, 0xSifu, is actually Canadian crypto

January 28, 2022 2 mins read