The tokenized real-world asset market has gained unparalleled traction, with the market size of the tokenized real-world asset market reaching $26.5 billion, and seeking to tap into the huge $400 trillion market of traditional finance. The researchers at Animoca Brands point out the outstanding growth potential as institutional adoption is
The United States Treasury Department has sanctioned individuals and organizations that are associated with North Korean IT worker activities. These sanctions are against an advanced network that infiltrates American crypto firms with fraudulent employees to make money. This move by the Treasury is the most recent attempt to fight the
The US Treasury Department has sanctioned Russia-based Aeza Group, a major step in the direction of breaking cybercriminal infrastructure. The operation is against a bulletproof hosting service that is accused of facilitating ransomware activities and information theft campaigns in various criminal groups. Major Action Against Criminal Activities The sanctions imposed
Republican Senators Cynthia Lummis (WY) and Bernie Moreno (OH) are sounding the alarm on potential tax pitfalls facing companies holding digital assets. In a recent letter to Treasury Secretary Scott Bessent, the two lawmakers urged the department to clarify how the Corporate Alternative Minimum Tax (CAMT) applies to unrealized gains
The US Treasury Department wants to ban the Cambodia-based Huione Group from having access to the American banking system. The Department also claimed that the Group helped a hacker group from North Korea in laundering cryptocurrency. On May 1, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) made a proposal
The U.S. Treasury has dropped Tornado Cash from its sanctions list, claiming this makes an ongoing lawsuit against it irrelevant. However, Coinbase’s Chief Legal Officer, Paul Grewal, argues this move is a legal tactic to avoid a final court judgment—one that lacks any real assurance for the future. Grewal criticized
Ever since Donald Trump won the US elections, major shifts have been happening across all aspects of the US economy. From supporting the crypto industry and innovation to implementing new tariffs, Trump is relentlessly making it to the headlines every day. With his radical decision to establish D.O.G.E led by
In one of three national risk evaluation reports released on Wednesday, the U.S. Treasury Department said that virtual assets are becoming more popular with criminals, fraudsters, and illicit players. Highlighting illicit financing challenges, vulnerabilities, and hazards in the U.S., the agency issued its 2024 National Risk Assessments on Money Laundering,
Tether, the stablecoin provider, has revealed that it holds $72.5 billion in US Treasury bonds, surpassing the United Arab Emirates, Mexico, Australia, and Spain. Moreover, Tether became the 22nd largest holder in the world. With this, Tether marks a significant milestone in the crypto market. While @Tether_to reached 72.5B exposure
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
