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Coin Center Says OFAC’s Tornado Cash Ban ‘Exceeds Statutory Authority,’ Plans to ‘Engage’ With US Watchdog
16.8.2022
On August 15, the non-profit that focuses on policy issues facing crypto assets, Coin Center, published a blog post that says the organization is looking at the legality of the recent Tornado Cash sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC)....
Tornado Cash Latest: Community Fights Back Against Sanctions, TVL Dropped 26% Since US Treasury Decision
16.8.2022
An increasing number of crypto and privacy advocates are attempting to fight back against the United States Treasury's decision to ban the popular crypto mixing service Tornado Cash.
Most recently, the Electronic Frontier Foundation, a nonprofit organization defending civil liberties in...
Coin Center may challenge US Treasury's sanctions on Tornado Cash in court
15.8.2022
“By treating autonomous code as a ‘person’ OFAC exceeds its statutory authority,” said Coin Center's Jerry Brito and Peter Van Valkenburgh
Tornado Cash DAO goes down without explanation following vote on treasury funds
12.8.2022
Github, Circle, dYdX, Alchemy, and Infura... All platforms have taken action against Tornado Cash or individuals connected to the mixer following U.S. sanctions
Bitcoin $24K Breakout Elusive as Treasury Yields Balk at Peak Inflation Narrative
12.8.2022
Traders of risk assets, including bitcoin, might be wrong to conclude that inflation in the U.S. has peaked. At least that's what bond market activity is suggesting
TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash — rebound ahead?
10.8.2022
TORN is near a historically strong support range, eyeing a 75% rebound by September 2022
Snoop Dogg, Steve Aoki, Logan Paul, and Beeple Dusted by OFAC-Banned Tornado Cash Transactions
9.8.2022
Following the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) banning Tornado Cash and a number of associated Ethereum-based addresses, an anonymous Tornado Cash user has dusted a swathe of well known wallets tied to ENS domain names. Onchain data shows that a number...
OFAC’s Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M
9.8.2022
On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Following the ban, the internet hosting service for software and open source code...
US Government Bans Ethereum Mixer Tornado Cash, Platform Added to OFAC’s SDN List
8.8.2022
On Monday, the U.S. Treasury Department’s watchdog the Office of Foreign Asset Control (OFAC) banned the ethereum mixing application Tornado Cash. OFAC has cited that the mixer has helped North Korean hackers such as the hacking syndicate known as Lazarus Group. OFAC Sanctions Tornado Cash...
US Treasury sanctions USDC and ETH addresses connected to Tornado Cash
8.8.2022
The protocol was at the center of some recent hacks and exploits in decentralized finance, including a $375-million attack in February and a $100-million hack in June
Crypto Mixing Service Tornado Cash Blacklisted by US Treasury
8.8.2022
The U.S. Treasury Department barred all U.S. persons from using Tornado Cash, alleging its use in laundering stolen crypto funds by North Korean hackers poses a national security threat
Bitcoin may behave more like US Treasury bonds: Bloomberg Intelligence
4.8.2022
Bitcoin markets will behave more like that of Treasury bonds and gold during market recovery, said the analysts
Microstrategy Outperforms Every Asset Class and Big Tech Stock Since Adopting Bitcoin Strategy, Says CEO
4.8.2022
Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor. The pro-bitcoin executive will be stepping down as the CEO...
Deepak Chopra-Involved DAO Project Taps Coinshift for Treasury Management
2.8.2022
The crowdfunding service aims to bring DAO tooling to non-crypto savvy agents of change
US, UK Regulators Partner on Broader Crypto Regulation
1.8.2022
Regulators in the U.S. and U.K. have met to discuss broader crypto regulatory initiatives. They reaffirmed their commitment to “continued cooperation to support safe financial innovation, as well as to strengthen regulatory outcomes for stablecoins across jurisdictions.” US and...
Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day
29.7.2022
On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The Bunker,” now has approximately 3.8 exahash per second (EH/s), after...
Treasury's OFAC is investigating Kraken for violating US sanctions: Report
26.7.2022
More than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the crypto exchange
FOMO Pay taps Ripple's liquidity solution for treasury management
26.7.2022
Ripple has continued to see adoption for its remittance technology from private institutions despite the ongoing lawsuit in the U.S
LidoDAO rejects sale of 10M LDO tokens to Dragonfly Capital
26.7.2022
The proposal aimed to secure a two-year runway for LidoDAO to carry out its functions in the Lido Finance protocol without worrying about further fundraising
US Rep. Josh Gottheimer Proposes $3M Boost to Treasury’s Crypto Crime-Fighting Unit
25.7.2022
U.S. Congressman Josh Gottheimer (D-N.J.) has proposed an amendment to a federal budget bill that would give the Treasury Department an additional $3 million to fight crypto-related crime in 2023