Big victory in Tornado Cash case as judge says OFAC exceeded authority
A US appeals court ruled the Treasury’s OFAC “overstepped” when it sanctioned crypto mixer Tornado Cash’s smart contracts. Go to Source
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Canadian wellness firm approves plan to add $1M of Bitcoin to treasury
Jiva Technologies CEO Lorne Rapkin said the move to add Bitcoin to the treasury is “a unique opportunity to strengthen our treasury with a resilient and innovative investment.” Go to Source
Rumble to spend up to $20M on Bitcoin in new treasury strategy
Rumble has become the latest company to confirm plans to add Bitcoin to its balance sheet after its CEO teased the idea on social media on Nov. 20. Go to Source
US lawmakers demand Treasury answer what it’s doing about Tornado Cash
The Democrat members of Congress want answers from the Treasury on why Tornado Cash is still operating after being sanctioned. Go to Source
Bitcoin price metrics forecast rally to $100K and above — Here’s why
Data suggests Bitcoin’s all-time high rally to $93,400 is far from over. Go to Source
AI firm Genius Group surges 66% after ‘Bitcoin-first’ treasury strategy
Genius Group has recently reshuffled its board with crypto and Web3 execs and is now targeting to hold $120 million in Bitcoin. Go to Source
US Treasury strategy for financial inclusion mentions digital assets
Lael Brainard credited Vice President Kamala Harris, who is campaigning to be the next US President, with helping expand “access to capital, credit, and economic opportunity.” Go to Source
Blackrock to Vote on Microsoft’s Bitcoin Move — BTC Treasury Strategy in Focus
Blackrock’s significant stake in Microsoft could sway the tech giant’s potential decision on adding bitcoin to its corporate reserves, signaling a shift in mainstream crypto adoption. Blackrock’s Stake Fuels Speculation Over Microsoft’s Bitcoin Future Speculation emerged last week around Microsoft’s upcoming Dec. 10 shareholder meeting, following a U.S. Securities and Exchange Commission (SEC) filing that … Read more
Governments must tax or ban Bitcoin to maintain deficits: Minneapolis Fed
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits. Go to Source
US Treasury used AI to recover $4 billion in fraud over past year
The US Treasury has tapped into AI machine learning to sift through data to detect and prevent billions of dollars in check fraud. Go to Source