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As support for Tornado Cash developer Alexey Pertsev mounts, questions regarding the legality of his arrest and the future of DeFi innovation continue to come to the forefront. Go to Source Powered by WPeMatico
SBI Holdings, the largest online brokerage in Japan, is shutting down its crypto mining business in the Russian Federation. Amid mounting uncertainty over the future of such investments due to the ongoing conflict in Ukraine, as well as decreased mining profits, the financial firm said it plans to sell its equipment and withdraw. Japan’s SBI … Read more
The government agency had previously stated that deposits at non-bank entities, including crypto firms, are not covered by FDIC insurance. Go to Source Powered by WPeMatico
Four members of the U.S. House Committee on Energy and Commerce said they were “deeply concerned” that Proof-of-Work mining could increase demand for fossil fuels. Go to Source Powered by WPeMatico
A Russian national suspected of laundering ransomware payments in cryptocurrency on behalf of cybercriminals targeting hospitals has been extradited to the U.S. by the Netherlands. The man was allegedly involved in the criminal activity for a period of three years before his arrest in Amsterdam last November. Alleged Russian Money Launderer Handed Over to U.S. … Read more
While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s economic ministry says that the economy’s gross domestic product (GDP) is estimated to drop by 4.2% this year and Russia’s inflation won’t be as elevated as … Read more
The mining operator entered into a deal with NYDIG to sell rigs to alleviate $64.7 million in outstanding debt. Go to Source Powered by WPeMatico
Chief bankruptcy judge Martin Glenn, Southern District of New York, approved Celsius’ request for running BTC mining and selling operations as a means to reinstate financial stability. Go to Source Powered by WPeMatico
While there is no shortage of legislative initiatives to regulate stablecoins, the idea of the American CBDC remains problematic. Go to Source Powered by WPeMatico
“By treating autonomous code as a ‘person’ OFAC exceeds its statutory authority,” said Coin Center’s Jerry Brito and Peter Van Valkenburgh. Go to Source Powered by WPeMatico