News with the tag "US Treasury"

The United States Treasury has officially removed Tornado Cash, an Ethereum-based coin mixing service, from its list of sanctioned entities. This move marks a big change after the Treasury’s Office of Foreign Assets Control blacklisted the platform in 2022. In a statement, the department said it mad...

The US Treasury Department officially clarified that the Tornado Cash crypto mixing service is no longer on the Specially Designated Nationals (SDN) list. The move comes after a federal court in late 2024 passed a verdict that the immutable smart contracts on the protocol could not be regarded as “p...

The U.S. Treasury has officially removed economic sanctions on Ethereum-based transaction mixer Tornado Cash, citing a reassessment of legal and policy issues related to digital financial activities. In a press release the U.S. Treasury said, in a Monday court filing for Van Loon v. Department of th...

The US government relies on a network of computers to generate payments out of thin air, including some transactions that remain entirely undocumented, according to Elon Musk. In a new interview on Senator Ted Cruz’s Verdict podcast, Musk says the Department of Government Efficiency (DOGE) has now d...

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is blacklisting a handful of crypto addresses linked to a man known for allegedly running Nemesis, a now-defunct darknet marketplace. In a new press release, the OFAC says that it is sanctioning Iranian national Behrouz Parasad a...

Are you feeling a shift in the global financial winds? The latest data reveals a significant development that could ripple through traditional markets and potentially bolster the appeal of cryptocurrencies. Both Japan and China, two of the world’s largest economies and major holders of U.S. debt, ha...

Regardless of its persistent waning movements and underperformance compared to a few major crypto assets, Ethereum still has the potential to undergo a significant rally in the ongoing bull market cycle. With key developments surrounding ETH and its ecosystem, many analysts foresee a move to unprece...

Elon Musk’s Department of Government Efficiency (D.O.G.E.) is making waves in Washington with its recent target towards the US Treasury. Notably, it has also led to the exit of a top-ranking official of the agency, sparking further market discussions. Besides, it also comes as Musk has shared ambiti...

According to a report by The Wall Street Journal, business intelligence firm MicroStrategy may face significant tax liabilities on its unrealized Bitcoin (BTC) gains, valued at $19 billion. MicroStrategy, notably the world’s largest corporate BTC holder, currently holds more than 430,000 BTC on its ...

A US Court has overturned the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctions imposed on crypto mixer Tornado Cash. The move comes after the Court of Appeals ruled in November that OFAC had overstepped its authority. Crypto Privacy Scores Major Win In a new victory for...