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Crypto Exchange Bittrex to Pay $30M in US Treasury Sanctions Settlement
11.10.2022
Crypto exchange Bittrex will pay the U.S. Treasury Department’s sanctions and money laundering watchdogs $30 million to settle allegations it maintained a poor compliance program between 2014 and 2017, allowing individuals from sanctioned jurisdictions to trade on the platform
Terra Luna Foundation Guard Freezes $100M Compensation Treasury
8.10.2022
The Luna Foundation Guard (LFG), a non-profit organization that supports the Terra ecosystem, has halted the planned distribution of $100 million from its reserve among small UST holders citing litigation concerns.
The organization announced the news in a Friday tweet, noting that they...
BTC to outperform 'most major assets' in H2 2022 — Bloomberg analyst
6.10.2022
Global rate hikes are putting downwards pressure on asset prices, but Bitcoin is starting to outperform commodities and tech stocks
Top US Regulators Urge Congress to Pass Legislation on Crypto Assets
5.10.2022
The U.S. Financial Stability Oversight Council (FSOC), a group of the country’s top financial regulators, has urged Congress to pass legislation for the regulation of crypto assets. Treasury Secretary Janet Yellen said: “Crypto-asset activities could pose risks to U.S. financial...
Tether commercial paper exposure now under $50M, says CTO
4.10.2022
Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by the USD
US Treasury recommends lawmakers decide which regulators will oversee crypto spot market
3.10.2022
“The report recommends the passage of legislation in providing a rulemaking authority for federal financial regulators over this market,” said economist Jonathan Rose
Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves
3.10.2022
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly...
Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
3.10.2022
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year
US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency
2.10.2022
A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency is adopted. The bill further states: “No central bank digital currency shall...
Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January
1.10.2022
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed...
US Treasury yields are soaring, but what does it mean for markets and crypto?
29.9.2022
The 10-year U.S. Treasury yield recently hit its highest level in 12 years, but how might this impact investors’ sentiment toward stocks and cryptocurrencies?
3 reasons why USDC stablecoin dropping below $50B market cap is Tether's gain
26.9.2022
The stablecoin's top-rival Tether has witnessed growth in its market cap, on the other hand
Github Partially Reinstates Tornado Cash Codebase, Open Source Code Set to Read-Only Mode
24.9.2022
The internet hosting and software development subsidiary of Microsoft, Github, has partially unbanned the Tornado Cash repositories following the recent sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Github’s decision follows the U.S....
‘Investors Are Running out of Havens’ — Erratic Behavior in US Bond Markets Points to Deep Recession, Elevated Sovereign Risk
22.9.2022
Yields on long-dated U.S. Treasuries have been erratic this year and this week, the 10-year Treasury yield crossed 3.5% for the first time in a decade. Following the Fed’s 75bps (basis points) rate hike, 10-year notes reached 3.642% and two-year Treasury notes jumped to a 15-year high...
Tornado Cash left a void, time will tell what fills it — Chainalysis chief scientist
22.9.2022
There’s a hole to be filled where Tornado Cash once was, and “junior mixers” are vying for position in the wake of the mixers sanction and ban by the U.S. Treasury
US Treasury Seeks Public Comments on Crypto-Related Illicit Finance and National Security Risks
21.9.2022
The U.S. Department of the Treasury is seeking public input on “digital-asset-related illicit finance and national security risks.” The department warned: “The growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist...
US Treasury official says crypto mixers are a 'concern' in enforcing sanctions
20.9.2022
Assistant secretary at the Treasury Department Elizabeth Rosenberg said sanctioning crypto mixers could help deter money laundering from entities in Russia, Iran, and North Korea
US Treasury Begins Public Consultation on How to Regulate Crypto
20.9.2022
The US Department of Treasury is seeking public opinion on the “responsible development of digital assets.” Its questions focus on a variety of crypto-related aspects, including decentralized finance (DeFi), non-fungible tokens (NFTs), mixers, virtual asset service providers (VASPs), and...
US Treasury plans to ask public if crypto-related regulations are 'no longer fit for purpose'
19.9.2022
The public has until Nov. 3 to submit comments on Treasury addressing ransomware attacks, illicit finance risks of cryptocurrency mixers and DeFi, and coordinating AML/CFT policy
US Treasury Wants Public to Comment on Crypto’s Role in Illicit Finance
19.9.2022
The U.S. Treasury Department listed a number of questions, asking the general public to weigh in on how it’s approaching cryptocurrencies and their possible role in illegal activities