News with the tag "depart"

The U.S. Department of Justice says the financial scheme of a terrorist organization was disrupted after authorities confiscated a substantial amount of the group’s crypto funds. In a statement , the DOJ announces the seizure of $201,400 in USDT held in wallets and accounts set up to support the act...

The Treasury Department’s Office of Foreign Asset Control (OFAC) is removing Tornado Cash from its Specially Designated Nationals (SDN) blacklist. According to a new announcement from the Treasury Department, OFAC is removing economic sanctions against the crypto protocol. Tornado Cash is a “crypto ...

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...

Gotbit founder Aleksei Andriunin struck a plea deal with U.S. prosecutors on Wednesday that will see him serve no more than 24 months behind bars for his role in what prosecutors described as a “wide-ranging conspiracy” to manipulate token prices for paying clients. Andriunin, a 26-year-old Russian ...

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...

Malaysian authorities have sounded the alarm on a wave of cryptocurrency investment scams, particularly among professionals and senior citizens. The Bukit Aman Commercial Crime Investigation Department (CCID) has warned the public, with its Director, Datuk Seri Ramli Mohamed Yoosuf, stating that the...

The U.S. Department of Housing and Urban Development (HUD) is reportedly mulling over the use of blockchain technology and stablecoins. ProPublica, citing a meeting recording, “three officials familiar with the matter” and other reviewed materials, reports that the executive department is considerin...

In a stunning development that sends ripples through Silicon Valley and the burgeoning AI industry, data labeling giant Scale AI is under the microscope of the U.S. Department of Labor (DOL). Bitcoin World has exclusively learned that the DOL is actively investigating Scale AI for potential violatio...

Scott Bessent emphasized the need to reprivatize the economy to fix the last administration’s mistakes. The secretary defended Trump’s policies, saying the president was trying to transition the economy to a private sector-powered one. Speaking at the Economic Club of New York on Thursday, US Treasu...

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...