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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 Secretary of State Tweets, Deletes Claim That Crypto Mixer Tornado Cash Is North Korea-Sponsored
8.8.2022
U.S Secretary of State Antony Blinken raised eyebrows Monday when he tweeted that the U.S. Treasury Department had "sanctioned virtual currency mixer Tornado Cash, which is a U.S.-sanctioned, DPRK state-sponsored hacking group, used by the DPRK to launder money." One hour and three minutes later...
US Government Amps Up Inevitable Clash With Crypto Privacy in Tornado Cash Blacklisting
8.8.2022
The Treasury Department says Tornado Cash abetted $7 billion of money laundering, but that’s not likely to quiet crypto enthusiasts as they fight to stay anonymous
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
Big Week for Voyager Digital Clients as Cash Withdrawals About to Begin
8.8.2022
Troubled crypto lender Voyager Digital said it plans to "restore access" to cash deposits in USD this week. Here's what the process might look like.
In a Friday blog post, Voyager said clients with cash in their accounts would be able to withdraw up to USD 100,000 in a 24-hour period starting...
Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in Accounts
6.8.2022
Following the bankruptcy judge approving the release of $270 million in cash deposits, the crypto firm Voyager Digital has announced that it plans to open cash withdrawals starting on Thursday, August 11. After the cash withdrawal gates are open, Voyager customers can withdraw up to $100K in cash...
Voyager plans to resume cash withdrawals on Aug. 11
5.8.2022
The lending firm said clients with U.S. dollars in their accounts could withdraw up to $100,000 in a 24-hour period, with the funds received in 5–10 business days
Bankrupt Crypto Firm Voyager Digital Approved to Release $270 Million in Cash Deposits
5.8.2022
The now defunct and bankrupt Voyager Digital has been approved by the court to distribute $270 million in funds to creditors and affected customers. The news follows the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board ordering Voyager to remove any statements that allege...
Crypto Lender Voyager Digital to Reopen Cash Withdrawals Next Week
5.8.2022
The bankrupt lender had received court approval to return $270 million to its customers
WazirX in Hot Waters, Revolut Doubles Down on Crypto, Elizabeth Warren Picks Another Crypto Battle + More news
5.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: WazirX in Hot Waters, Revolut Doubles Down on Crypto, Elizabeth Warren Picks Another Crypto Battle + More news
Meta Reportedly Issuing $10 Billion in Bonds to Invest in Its Metaverse Products and Other Initiatives
5.8.2022
Meta, the social media company, is planning to issue its first set of bonds to finance new investments and operations, according to reports. The company will be selling $10 billion in debt, to maintain a healthy cash flow and fund buybacks, per statements of two people with reported knowledge...
Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
5.8.2022
Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a lack of consumer demand
Speculators and Crypto Traders Blamed for Naira’s Plunge, Kenyan Institutions Told to End Dealings With Nigerian Fintechs, CAR Token Sale off to Slow Start
4.8.2022
In this week’s Africa news highlights, the Nigerian central bank blames speculators for causing the local currency’s plunge to a new all-time low on the parallel market. In Kenya, the central bank has told financial institutions to cease having dealings with two Nigerian fintechs...
Bitcoin ATMs Return to Tokyo, Osaka for First Time Since 2018
3.8.2022
Bitcoin (BTC) ATMs are coming back to Japan for the first time since the crypto winter of 2018 – with citizens in Tokyo and Osaka finally able to trade crypto from machines other than their phones and PCs.
Crypto ATMs, known commonly as BTMs in Japan and elsewhere, used to be commonplace in major...
Kenya Central Bank Orders Financial Institutions to Stop Dealing With Two Nigerian Fintechs
1.8.2022
In a letter addressed to the CEOs of financial institutions, the Central Bank of Kenya (CBK) has said financial institutions operating in the country must cease and desist from dealing with two Nigerian fintechs, Flutterwave and Chipper Cash. The letter reiterates the CBK governor Patrick Njoroge...
Israel puts the brakes on cash to spur digital payments
1.8.2022
It's believed that Israel will neither be the first nor last country to impose such measures
Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700
30.7.2022
New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fight against organized crime, money laundering, and tax evasion. Critics doubt the law will...
Do Kwon, Terraform Labs Face Class-Action Lawsuit for Allegedly Selling Unregistered Securities
30.7.2022
While most of the crypto economy’s digital assets have seen significant gains this month, Terra’s luna 2.0 has been stagnant as it has shed 24.37% against bitcoin during the last 30 days. LUNA is down 89.8% from the token’s all-time price high two months ago on May...
Ethereum chain split is possible after the Merge, survey finds — but will ETC price keep climbing?
29.7.2022
Ethereum Classic is a relatively smaller PoW chain compared to Ethereum in terms of usage and hash rate