Search
Crypto Miners From US, EU Stay Put in Russia Despite War, Sanctions
16.9.2022
The war in Ukraine may have undermined many Russian companies, but not mining facilities: clients from the West keep coming to the country for cheap power and reliable uptime
Sales of Hardware Crypto Wallets Decline in Russia With Easing Currency Restrictions
16.9.2022
Interest in hardware wallets allowing cold storage of cryptocurrencies is decreasing among Russian users after this year’s surge that followed the invasion of Ukraine. The sale volumes for these devices have almost halved, according to a report quoting leading marketplaces. Russians’...
OFAC Backtracks but Tornado Cash Sanctions Already Set a Terrifying Precedent
15.9.2022
US Treasury sanctions 5 crypto addresses connected to Russian neo-Nazi paramilitary group
15.9.2022
According to the Treasury Department, members of the sanctioned group fought alongside Russia’s military, including near territory Ukrainian forces reclaimed on Monday
US Treasury Sanctions Russian Paramilitary Group Crowdfunding Ukraine War With Crypto
15.9.2022
“Task Force Rusich” raised thousands of dollars in crypto to resupply soldiers fighting in Ukraine
Now US Sanctions Addresses Associated With Iranian Military - Who’s Next?
15.9.2022
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has placed sanctions on 10 individuals and two entities affiliated with an arm of the Iranian armed forces called the Islamic Revolutionary Guard Corps (IRGC).
Per a press release, all properties fully or partially owned...
Foreigners to Be Given Anonymous Entry Points to Digital Ruble, Russian Official Suggests
15.9.2022
Foreign nationals should be able to buy Russia’s upcoming digital ruble through entry points providing anonymity, according to a high-ranking member of the Russian parliament. The idea circulated in Moscow aims to protect these investors from Western sanctions. State Duma Deputy Proposes...
OFAC Sanctions 7 New Bitcoin Addresses Allegedly Associated With Iran-Related Ransomware Activities
14.9.2022
The Treasury’s Office of Foreign Asset Control (OFAC) has published a specially designated nationals list update (OFAC’s SDN List) that lists a number of individuals accused of being involved with Iran-related ransomware. The list further shows seven bitcoin addresses that...
US Treasury sanctions Iran-based ransomware group and associated Bitcoin addresses
14.9.2022
The Office of Foreign Asset Control sanctioned 7 Bitcoin addresses allegedly connected to Iranian nationals Ahmad Khatibi Aghada and Amir Hossein Nikaeed Ravar
US Treasury - You Are Not Breaking Sanctions by Sharing Tornado Cash Code
14.9.2022
The U.S. Treasury Department has released further clarifications on the sanction placed on the popular cryptocurrency mixer, Tornado Cash. The department stated that the sanction does not affect the rights of individuals in the U.S. to view and disseminate the open-source Tornado Cash...
US Treasury clarifies publishing Tornado Cash’s code does not violate sanctions
13.9.2022
Residents would not be violating sanctions by visiting Tornado Cash's website, copying the mixer’s open-source code, nor making the code available online or in print
Treasury Secretary Janet Yellen Warns Gas Prices Could Spike This Winter — Says ‘It’s a Risk’
13.9.2022
U.S. Treasury Secretary Janet Yellen has warned that gas prices could rise again this year. “It’s a risk that we’re working on the price cap to try to address,” she stressed. “Our price cap proposal is designed to both lower Russian revenues … while also...
Russia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade
12.9.2022
Russia’s leading technology company, Rostec, is working on a project to integrate digital assets into cross-border trade. The state-owned corporation says the market is interested in cryptocurrency payments which can reduce sanctions pressure on Russian exporters and importers. Rostec Eyes...
Russia Shuts Off EU Gas, Vitalik Discusses Bitcoin Security, and More — Bitcoin.com News Week in Review
11.9.2022
Macro markets and geopolitics dominated the news this week, with Russia cutting off Europe’s gas supply, hedge funds betting against Italian debt, and the International Monetary Fund’s bailout for Zambia helping the kwacha overtake the ruble as the world’s best-performing...
Crypto Investor Paradigm Argues Infrastructure Providers Should Not Be Subject to US Treasury Sanctions
9.9.2022
The firm laid out a legal argument against Office of Foreign Assets Control (OFAC) sanctions targeting base layer participants such as miners and validators
Top Russian Lawmaker Joins Calls for Legalizing International Crypto Payments
9.9.2022
A high-ranking member of the Russian parliament has urged for the adoption of a relevant legal framework to properly regulate cross-border crypto payments. His proposal comes after key regulators in Moscow said that Russia needs to allow the use of cryptocurrencies in foreign trade, now that...
Crypto investors backed by Coinbase sue U.S. Department of Treasury after Tornado Cash sanctions
8.9.2022
Coinbase says that the Treasury overstepped its authority in issuing the Tornado Cash sanctions
Crypto Engineers, Investors Sue US Treasury Over Tornado Cash Sanctions
8.9.2022
The Treasury’s sanctions watchdog, OFAC, exceeded its authority in blacklisting smart contract wallets, plaintiffs allege in a new suit
Putin Threatens to Let Europe ‘Freeze’ — Russian President Warns ‘We Will Not Supply Gas, Oil, Coal, Heating Oil’
8.9.2022
Following the discussions concerning the inter-governmental political forum Group of Seven (G7) pledging to impose price caps on crude oil and the European Commission talking about fixing electricity prices, Russian president Vladimir Putin explained on Wednesday that Russia will not supply...
Russia Explores Stablecoins for Settlements With Friendly Nations
7.9.2022
Russia is cooperating with friendly countries on the potential employment of stablecoins in international payments, a top government official unveiled. The news comes after key institutions in Moscow agreed that the Russian Federation needs to legalize cross-border crypto payments in the face...