US Treasury Plans to Sanction Cryptocurrency Mixers as Money-Laundering Hubs Following Hamas Attack

The United States Treasury Department is reportedly planning to expand its sanctions to designate cryptocurrency mixers as money-laundering hubs following Hamas’s attack on Israel. Deputy Treasury Secretary Wally Adeyemo stated that this move is aimed at combating digital assets being exploited by state-affiliated cyber actors, cyber criminals, and terrorist groups. The concerns surrounding terrorist organizations […]

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Canadian Asset Manager 3iQ Introduces Ethereum ETFs with Staking Feature

Canadian asset manager 3iQ has announced that its Ethereum-based exchange-traded funds (ETFs), The Ether Fund and the 3iQ Ether Fund, will begin staking their ETH holdings for rewards. The move is aimed at providing investors with additional yield generated by dedicated validators on the Ethereum network’s Proof of Stake (PoS) consensus mechanism. By staking their […]

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mBridge Project Shifts to New Chinese Blockchain Protocol, Potential Ripple Integration

The mBridge project, a platform developed by central banks for cross-border payments, is transitioning to a new Chinese blockchain consensus protocol. This move is expected to attract millions of users and position mBridge as a direct competitor to SWIFT, the messaging network used by banks and financial institutions for secure information exchange. The success of […]

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Crypto Aid Israel Raises $185K for Humanitarian Relief Despite Phishing Attack

Crypto Aid Israel, an emergency relief fund created to support Israeli victims of Hamas terrorism, has received over $185,000 in donations despite suffering a phishing attack. The initiative has distributed 200,000 NIS, around $49,000, to various organizations spearheading the relief efforts in the region. Beneficiaries of the donations include the Foundation for Advancing Citizens of […]

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FDIC Urged to Address Risks of Cryptocurrencies and Implement Recommendations

The Federal Deposit Insurance Corporation (FDIC) is under pressure to address the risks associated with cryptocurrencies. The Office of the Inspector General has issued a report urging the FDIC to assess and prepare for the challenges posed by the evolving crypto landscape. The report emphasizes the need for a comprehensive risk assessment and outlines recommendations […]

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US Crypto Advocacy Groups Criticize Senator Warren’s Claims on Crypto-Terrorism Connections

United States-based crypto advocacy organizations are criticizing Senator Elizabeth Warren and other lawmakers for their claims about the connection between terrorist group Hamas and cryptocurrency financing. Warren and over 100 lawmakers signed a letter calling for action to curb illicit crypto activity used to fund Hamas and the Palestinian Islamic Jihad. In an op-ed, Warren […]

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New York Attorney General Files Lawsuit Against Gemini Trust and Genesis Global Capital Over Deceptive Practices

New York Attorney General Letitia James has filed a lawsuit against cryptocurrency industry players Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG). The legal action revolves around Gemini Earn, a joint venture between Genesis and Gemini that promised high returns on cryptocurrency deposits. However, James alleges that these returns were based on misleading […]

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Understanding the Impact of Token Burns on Layered Networks: Shib CoOp’s Recent Burn Raises Questions about Shiba Inu’s Token Supply

In the world of blockchain, understanding token dynamics is crucial, especially when it comes to layered networks. Recently, the Shiba Inu community witnessed a significant token burn of 97 million SHIB on the Shibarium Layer-2 (L2) network. Shibarium is a blockchain platform built on top of Ethereum that caters to decentralized applications (dapps). This burn […]

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Grayscale’s S-3 Registration Signals Progress Towards Bitcoin ETF Approval

Grayscale Investments has taken a significant step towards gaining approval for a US spot Bitcoin exchange-traded fund (ETF). The company has filed an S-3 registration statement with the US Securities and Exchange Commission (SEC) to register shares of its Grayscale Bitcoin Trust (GBTC). This move indicates Grayscale’s intention to list the shares on NYSE Arca […]

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