Cryptocurrency Analysis and News Portal
As businesses in Iran seek new ways to bypass sanctions, the country has welcomed a decentralized crypto exchange and a non-custodial crypto wallet. According to TRM Labs, a blockchain intelligence company, Iran’s largest centralized crypto exchange, Nobitex launched two decentralized finance services in August 2023: Nobidex, a decentralized crypto exchange, and
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The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has added a crypto wallet allegedly connected to a major international crime syndicate as part of its list of Specially Designated Nationals.In a Sept. 26 announcement, the U.S. Treasury said it had sanctioned 10 individuals,
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China is looking to build artificial intelligence (AI) chip factories for creating particle accelerators to help bypass sanctions affecting the local industry, according to a report from the South China Morning Post (SCMP). The usage of particle accelerators will help create new ways to produce a novel laser source. It is
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Binance, a renowned cryptocurrency exchange, is embroiled in controversy as recent reports suggest a possible helping hand to Russia amidst Western sanctions. The story unravels with connections to blacklisted Russian lenders, contradicting public statements, and the shifting regulatory landscape. As dawn breaks over the world of crypto, murmurs seep into daylight,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance, the largest crypto exchange by trading volumes, is accused of engaging with sanctioned companies in Russia. Binance on focus An Aug. 22 report from WSJ alleges that despite Binance’s assertion of compliance and non-engagement with sanctioned entities,
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The United States Treasury’s Office of Foreign Assets Control (OFAC) added Roman Semenov, one of the co-founders of the Tornado Cash cryptocurrency “mixer,” to its list of Specially Designated Nationals and Blocked Persons (SDN) on Aug. 23. Another co-founder, Roman Storm, was arrested by the Federal Bureau of Investigation and
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"While publicly claiming to offer a technically sophisticated privacy service, Storm and Semenov in fact knew that they were helping hackers and fraudsters conceal the fruits of their crimes. Today’s indictment is a reminder that money laundering through cryptocurrency transactions violates the law, and those who engage in such laundering
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A district court judge sided with the U.S. Treasury Department in a lawsuit that involves Coinbase and sanctions imposed on crypto mixer Tornado Cash. The decision came as a blow to six plaintiffs who had challenged
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A group of crypto investors and developers lost a lawsuit funded by Coinbase which sought to argue that the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service. Source
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None of the “sanctions targeting Russia completely prohibit involvement in the mining sector,” said David Carlisle, vice president of policy and regulation at Elliptic, a blockchain analytics firm. Still, there are “significant risks” for firms operating in Russia’s mining sector: they can’t do business with sanctioned entities including mining hosting
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