US Government Bans Ethereum Mixer Tornado Cash, Platform Added to OFAC's SDN List
On Monday, the U.S. Treasury Department’s watchdog the Office of Foreign Asset Control (OFAC) banned the ethereum mixing application Tornado Cash. OFAC has cited that the mixer has helped North Korean hackers such as the hacking syndicate known as Lazarus… read more.
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Bitcoin, Ethereum Technical Analysis: ETH Hits 2-Month High Above $1,800
Ethereum surged to a two-month high on Monday, as crypto prices have mostly moved higher following Friday’s nonfarm payrolls report.… read more.
Lebanon Ponzi Finance: World Bank Says Politicians Are to Blame for the 'Deliberate Depression'
Deliberately insufficient policy responses by successive Lebanese governments combined with the self-serving agreements by politicians are largely to blame for… read more.
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Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize… read more.
Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored… read more.
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media… read more.
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according… read more.
