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Iran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total.According to media reports, the miner has spent $7.3 million setting up the mining facility, located in Iran’s
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack. At the same time, the Department of Justice announced an indictment for money laundering against the same two individuals.Their activity
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An Iranian general is reportedly calling for the use of cryptocurrency to evade sanctions.Saeed Muhammad, commander of the Islamic Revolutionary Guard Corps' "Army of Guardians of the Islamic Revolution" (or Sepâh for short), a branch of the Iranian Armed Forces, said in a speech Wednesday that Iran should look to
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Prosecutors appear to have a strong case against Virgil Griffith, the ethereum developer charged with conspiring to aid North Korea, legal experts say.For one thing, the mere act of giving a presentation in Pyongyang might have violated the U.S. Treasury Department Office of Foreign Assets Control’s (OFAC) sanctions, depending on
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Ethereum developer Virgil Griffith entered a plea of not guilty Thursday afternoon in a Southern District of New York courthouse. Griffith is charged with conspiring to violate the International Emergency Economic Powers Act after traveling to North Korea (DRPK) in April 2019 to attend a cryptocurrency conference. If convicted, Griffth,
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Ethereum developer Virgil Griffith pleaded not guilty to a charge of conspiracy to violate the International Emergency Economic Powers Act on Thursday. Griffith was arrested in November on allegations he spoke at a cryptocurrency conference in North Korea last year, where he allegedly taught his audience how to use cryptos to
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After having been denied bail on Dec. 26, Ethereum foundation researcher Virgil Griffith has now been released on a $1 million bond on the condition that he stay out of California.On Dec. 30, the Inner City Press reported that the 36-year-old Griffith has been released after a bail appeal
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"I always wanted to go there, in North Korea," Pietrosanti told CoinDesk. As a sanctioned country, the place inspires a lot of curiosity for anti-censorship activists like him. "As you always want to fight against control, it's very interesting,” he said. Original Source
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Virgil Griffith, a US citizen and a programmer, has been accused of violating International Emergency Economic Powers Act (“IEEPA”).The accusation comes after Virgil allegedly traveled to North Korea to deliver a presentation about how the country can use cryptocurrency and blockchain technology to move around all the sanctions that have
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“Despite receiving warnings not to go, Griffith allegedly traveled to one of the United States’ foremost adversaries, North Korea, where he taught his audience how to use blockchain technology to evade sanctions," John Demers, an assistant attorney general for national security, said in a statement. Source
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