Moscow Exchange Stops Trading in Dollar and Euro Due to US Sanctions

June 14, 2024 Bitcoin.com

bitcoin.com

On Wednesday, the Moscow Exchange (MOEX) announced new restrictions on its trading activities. The exchange revealed that, due to the enactment of U.S. sanctions against its platform, it would stop activity in all trading pairs involving the U.S. dollar and the euro. These measures came into effect on June 13th and affected FX, precious metals, […]

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Analysts’ Bitcoin $200K Target Fuels Bullish Fire, Bears Brace for Impact

US Treasury Expands Sanctions to Cripple Russian War Economy

June 13, 2024 Bitcoin.com

bitcoin.com

The U.S. Treasury Department announced Wednesday that over 300 new sanctions have been issued to intensify pressure on Russia for its ongoing war against Ukraine. These measures, in alignment with G7 commitments, target entities and individuals globally to cripple Russia’s military-industrial base by restricting access to U.S. software, IT services, and foreign financial support. The […]

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Tornado Cash sentence ‘radically unfair and unreasonable’ — Nym CEO

May 30, 2024 Coin Telegraph

Coin Telegraph

CEO Harry Halpin pointed to history and used Nazi Germany as an example of why digital privacy must be protected in the 21st century.

Harry Halpin, the CEO of Nym, a privacy-focused project, recently shared his thoughts on the sentence handed down to Tornado Cash developer Alexey Pertsev.

During an interview with Cointelegraph's Jonathan DeYoung at Consensus 2024, Halpin characterized the sentence as "radically unfair and unreasonable" and provided these analogies:

The Nym CEO then pointed to WWII-era history as a prime example of why privacy must be protected in the 21st Century. Halpin explained that during the Second World War, the Netherlands saw most of its Jewish population exterminated by the Nazis due to sophisticated identity tracing systems not present in other European countries like France.

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US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion

May 16, 2024 Bitcoin.com

Bitcoin

U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns that Garantex is reportedly facilitating sanctions evasion and funding Russia’s invasion of Ukraine. The letter cited reports indicating that $20 billion […]

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US Sanctions Lockbit Leader in Ransomware Crackdown

May 8, 2024 Bitcoin.com

bitcoin.com

On May 7, the U.S. announced sanctions against Dmitry Yuryevich Khoroshev, a key figure in the Lockbit ransomware group. The U.S., alongside international allies including the UK and Australia, has taken coordinated measures to curb the activities of this prominent cybercriminal group. Khoroshev, responsible for developing and deploying Lockbit ransomware, is now facing an indictment […]

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Latam Insights: Venezuela to Leverage USDT for Sidestepping Sanctions, Chivo Wallet Disregards Hacking Allegations

April 29, 2024 Bitcoin.com

bitcoin.com

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking allegations, and Nubank expands its crypto functionality in Brazil. Venezuela Might Use USDT for Sidestepping Sanctions Venezuela is […]

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Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

April 24, 2024 Bitcoin.com

bitcoin.com

PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started receiving payments in USDT last year and will accelerate its adoption. Tether, nonetheless, stated it will uphold OFAC […]

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Former Ethereum dev Virgil Griffith asks for resentencing in North Korea case

April 18, 2024 Coin Telegraph

Coin Telegraph

Griffith’s attorneys are asking for a sentence reduction from 63 months to 51 months or less.

Former Ethereum developer Virgil Griffith, who was handed a 63-month prison term in 2022 for assisting North Korea in using blockchain technology, has requested a sentence reduction.

The plea was made in a letter from Glen Garrett McGorty, an attorney representing Virgil Griffith, to Judge Kevin Castel of the United States District Court for the Southern District of New York on April 17.

The letter requests that the court revise Griffith’s sentence based on newly enacted revisions to U.S. sentencing guidelines, which provide a two-point offense level reduction for certain “zero-point” offenders.

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Officials From the US and UK Investigate Crypto Transfers to Russian Exchange Valued at $20,000,000,000: Report

March 28, 2024 The Daily Hodl

crypto

Authorities from the US and UK are reportedly investigating $20 billion worth of crypto assets sent to a Russian crypto exchange platform. According to a new report by Bloomberg, anonymous sources familiar with the incident say that officials from the US and UK are looking into the matter as part of a crackdown effort against […]

The post Officials From the US and UK Investigate Crypto Transfers to Russian Exchange Valued at $20,000,000,000: Report appeared first on The Daily Hodl.

Analysts’ Bitcoin $200K Target Fuels Bullish Fire, Bears Brace for Impact

UN Report: Crypto Crime Provided North Korea up to Half of Its Foreign Currency Income

March 23, 2024 Bitcoin.com

bitcoin.com

A report issued by a United Nations panel of experts has concluded that cyber crypto heists have provided 50% of the foreign currency income for North Korea since 2017. The report indicated that North Korean actors have been linked to 17 theft and hack events involving over $750 million in 2023 alone, and details several […]

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