Recent developments have cast a significant shadow on the long-standing narrative that cryptocurrency primarily fuels terrorism financing. A detailed scrutiny of testimonies from top officials within the Treasury Department’s Terrorism and Financial Intelligence office has revealed a starkly different reality…
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Tether Treasury minted 1B $USDT on Tron again
In a significant development within the digital asset landscape, Tether Treasury has recently minted an additional 1 billion USDT (Tether) tokens on the Tron network, as confirmed by blockchain sleuth Lookonchain. This latest issuance is part of a larger expansion…
Department of Justice, CFTC, and Treasury Set to Unveil ‘Significant’ Cryptocurrency Enforcement Actions
The Department of Justice (DOJ) is set to make a groundbreaking announcement regarding “significant cryptocurrency enforcement actions” during an upcoming press conference. This highly anticipated event, scheduled for Tuesday afternoon, will feature influential speakers including Attorney General Merrick Garland, Treasury…
The Bitcoin Safe Haven Status Bolstered by Treasury Underperformance, Mohamed El-Erian Says – Explained
Bitcoin (BTC) is garnering attention as a robust safe haven asset, displacing the waning popularity of U.S. Treasury bonds amid the ongoing Israel-Hamas conflict, as observed by Mohamed El-Erian, the chief economic advisor at German financial services firm Allianz. In…
US Treasury Unit Proposes Enhanced Scrutiny of Cryptocurrency Mixers
Cryptocurrencies have revolutionized the global financial landscape, providing users with a secure and decentralized means of transacting. However, their inherent anonymity has also made them a potential tool for illicit activities, including money laundering and terrorist financing. In response to…
Nouns Fork: Disgruntled NFT Holders Exit With $27 Million From Treasury
The Nouns NFT collective on Ethereum faced a significant fracture in its community recently. This collective is known for its mission to build open-source intellectual property by supporting various creative projects. However, the community was divided after a widely supported…
US Treasury Imposes Sanctions on North Korean-Owned Binance Wallets
In a recent development, the US Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a series of cryptocurrency wallets reportedly connected to the North Korean government. These wallets, hosted by the cryptocurrency exchange Binance, contained various digital…
Treasury Department and IRS Seek Feedback on Tax Treatment of NFTs as Collectibles
The Treasury Department and Internal Revenue Service (IRS) have announced plans to solicit feedback regarding the tax treatment of nonfungible tokens (NFTs) as collectibles under tax law. The guidance also requests comments on NFTs as collectibles and outlines the IRS’s…
US Sanctions could Include Digital Wallets – US Treasury Department
The US economic crackdown on countries like Russia, Iran, North Korea, Syria and Venezuela as well as individuals whom the US believes are somewhat a threat to national security or are in a way aiding countries and other individuals who…
IMF Chief Lagarde & United States Treasury Says Global Cryptocurrency Regulations are Inevitable
Author – Sam Reads, UK The head of the International Monetary Fund, Christine Lagarde, recently warned that the international community and regulators should take early action on the cryptocurrencies. She further said that digital currency regulations are “inevitable.” IMF purpose…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
