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” 3 reasons why USDC stablecoin dropping below $50B market cap is Tether’s gain “ The market capitalization of USD Coin (USDC), a stablecoin issued by U.S.-based payment tech firm Circle, has dropped below $50 billion for the first time since January 2022. On the weekly chart, USDC’s market cap, which reflects the number of…
” Ethereum may now be more vulnerable to censorship — Blockchain analyst “ Ethereum’s upgrade to proof-of-stake (PoS) may make it more vulnerable to government intervention and censorship, according to the lead investigator of Merkle Science. Speaking to Cointelegraph following the Ethereum Merge, Coby Morgan, a former FBI analyst, and the Lead Investigator for crypto…
” US Treasury sanctions 5 crypto addresses connected to Russian neo-Nazi paramilitary group “ The United States Department of the Treasury added five cryptocurrency addresses tied to a neo-Nazi group involved in Russia’s war on Ukraine to list of entities sanctioned by the Office of Foreign Asset Control. In a Thursday notice, the U.S. Treasury…
” US Treasury sanctions Iran-based ransomware group and associated Bitcoin addresses “ The United States Treasury Department’s Office of Foreign Asset Control has added 10 individuals, 2 entities, and several crypto addresses allegedly tied to an Iranian ransomware group to its list of Specially Designated Nationals, effectively making it illegal for U.S. persons and companies…
” Rep. Emmer demands an explanation of OFAC’s Tornado Cash sanction from Sec. Yellen “ United States Congressman Tom Emmer sent a four-page letter to Treasury Secretary Janet Yellen on Tuesday regarding the Treasury Department’s sanctioning of cryptocurrency mixer Tornado Cash on Aug. 8. In his letter, Emmer posed a series of questions that seek…
” Tornado Cash ban could spell disaster for other privacy protocols — Manta co-founder “ There are mounting concerns that recent United States government sanctions against Tornado Cash will become a “slippery slope” for Web3 privacy that could eventually make the entire space “meaningless.” Speaking to Cointelegraph, Shumo Chu, co-founder of privacy protocol Manta Network…
” dYdX confirms blocking (and unblocking) some accounts linked to Tornado Cash “ Cryptocurrency derivatives trading platform dYdX said it blocked some users’ accounts with funds linked to Tornado Cash, including mistakenly suspending some that never directly engaged with the controversial mixer. In a Wednesday blog post, dYdX said it had “unbanned certain accounts” that…
” Russians banned from accessing Bitmex within European Union “ Major cryptocurrency exchange BitMEX is working to increase compliance with the European sanctions against Russia by preparing to enforce major restrictions for its Russian users. BitMEX is changing its restricted jurisdictions policy in order to be compliant with various restrictive measures of the European Union,…
“Russian oligarch throws NYC developments into disarray: suit” A sanctioned Russian oligarch is trying to “blow up” three Manhattan development projects he’d invested in via shell companies, according to a lawsuit. Nine days before Russia invaded Ukraine, Mikhail Vasilyevich Klyukin — a board member for Sovcombank, Russia’s ninth largest bank — sent letters to the…
“Feds aim to seize two planes from Russian oligarch amid Ukraine war” The US has moved to seize two private planes from a Russian oligarch after he ran afoul of sanctions imposed on Moscow over its invasion of Ukraine, federal authorities said Monday. Roman Abramovich, the former owner of Chelsea Football Club, didn’t have the…