Maduro claims crypto will play role in fighting sanctions against Venezuela
Crypto garnered another mention in one of Maduro’s bombastic speeches. Go to Source Powered by WPeMatico
Sanctions
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New US Treasury sanctions on Russian hackers hit Monero address
The U.S. government is charging ahead in its pursuit of privacy tokens, according to the latest sanctions. Go to Source Powered by WPeMatico
The Moss Piglet Dilemma: Paypal Bans Payments to Merchants Using the Word ‘Tardigrade’
The popular payment provider Paypal has been known for cutting off a number of merchants and organizations over the years. This week, the public found out that Paypal has been censoring merchants that sell items related to the name “tardigrade” just because a Balkan arms dealer uses the same name. The story shows just how … Read more
Alongside today’s sanctions, the US charges operators of Russian troll farm with fraud for using U.S. IDs to start crypto accounts
New wire fraud charges against St. Petersburg trolls allege that they stole the identities of U.S. citizens to open crypto accounts. Go to Source Powered by WPeMatico
New US sanctions target crypto addresses of Russian hackers accused of election interference
As new U.S. election nears, the Treasury adds new names and crypto addresses to its specially designated nationals list Go to Source Powered by WPeMatico
Iran One-Ups the United States? Tehran Seeks Crypto Mining Dominance
Iran’s government OKs power plants mining crypto as the country moves forward with a national strategy for cryptocurrency mining. Go to Source Powered by WPeMatico
US Government Puts Out $5 Million Bounty for Petro Supervisor
The U.S. government issued a $5 million bounty to the supervisor of the Petro, but court documents suggest that crypto has little to do with alleged sanction evasion schemes. Go to Source Powered by WPeMatico
Iran’s President Asks Gov’t to Plan National Crypto Mining Strategy
Iran’s president has tasked officials at the central bank and ministries of energy, communications and IT with drafting plans for a national cryptocurrency mining strategy. Go to Source Powered by WPeMatico
Iran Ditches Rial in Hyperinflation Crisis — Bitcoin Demand Rises
Iran is set to redenominate its fiat currency, removing four zeros to create a new fiat called toman as demand for crypto is surging. Go to Source Powered by WPeMatico
3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet
On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions … Read more