2024-4-29 19:15 |
Senators sent letters to several departments about Russia, Iran, and North Korea possibly using Tether's stablecoin to avoid U.S. sanctions. origin »
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The European Union and the United States are now turning to consider the possibility of preventing the Russian government from using crypto to evade financial sanctions. French Finance Minister Bruno Le Maire said on Wednesday that the 27 EU countries were already taking those measures.
2022-3-5 14:13 | |
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With the risk of Russia dodging the roils of Sanctions placed upon it by Western nations using cryptocurrencies increasingly becoming real, some senate democrats are now questioning how the Treasury Department plans on preventing Russia from bypassing sanctions.
2022-3-3 14:50 | |
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Using crypto as shield to save the country’s financial system from further collapse may not be the best solution for Russia in its ongoing invasion of Ukraine. As Russia continues to pound the country with bombs and missiles, many expect this would deal a heavy blow on cryptocurrencies as well.
2022-3-1 19:21 | |
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It probably won’t be long before Russians start using cryptocurrencies to mitigate sanctions upon the country as a result of the ongoing military operation in Ukraine, but NGOs and volunteer groups in Ukraine have already raised over $35 million worth of cryptos to support the country.
2022-2-28 17:23 | |
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The ECB president has increased calls for crypto regulation approval. As fears persist that Russia may turn to crypto, Lagarde hopes to block them off.
2022-2-28 15:42 | |
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As many have anticipated, and some feared, Western governments will be using the Society for Worldwide Interbank Financial Telecommunications (SWIFT) payment system to tighten sanctions on Russia after President Putin’s military attack on the neighboring country of Ukraine.
2022-2-28 14:52 | |
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Afghans have shown great interest in cryptocurrencies and some are using them to avoid U.S. sanctions and get paid from other countries.
2022-2-23 20:06 | |
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A confidential United Nations report has revealed that North Korea has been using the crypto funds stolen from exchanges to finance its weapon development, according to Reuters. Crypto Thefts Used To Finance Nukes The report that was submitted to the North Korea sanctions committee of the U.
2022-2-8 18:27 | |
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The Biden administration is now warning that cryptocurrencies pose a threat to the sanctions program of the US and calls for modernizing how sanctions are deployed and using a more multilateral approach to them so that they remain an effective tool.
2021-10-19 17:36 | |
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Ethereum developer Virgil Griffith is facing up to 6. 5 years jail term, after pleading guilty to charges of conspiracy. The developer had allegedly taken a trip to North Korea back in 2019, to aid them in using Eth to bypass United States sanctions.
2021-9-29 18:13 | |
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Iran is using Bitcoin mining to circumvent and lessen the effect of the economic sanctions that the U. S. and other countries have applied to the country since 2006, according to a new study by Elliptic, a blockchain analytics and financial crime compliance firm.
2021-5-23 14:31 | |
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Iran is using Bitcoin mining to circumvent and lessen the effect of the economic sanctions that the U. S. and other countries have applied to the country since 2006, according to a new study by Elliptic, a blockchain analytics and financial crime compliance firm.
2021-5-23 13:00 | |
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The U. S. Office of Foreign Assets Control has fined Bitgo for failing to prevent users in sanctioned countries from using its crypto wallet service. The agency says Bitgo processed 183 cryptocurrency transactions that were “apparent violations of multiple sanctions programs.
2021-1-2 20:30 | |
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Bitgo failed to stop people in Cuba, Iran and Syria, among other sanctioned places, from using its non-custodial wallet service, the U.S. said.
2020-12-31 23:57 | |
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According to a recent report citing the Islamic Republic News Agency (IRNA), Iran has just become the first country to use Bitcoin (BTC) as a legal means of exchange. The country made this move due to the most recent wave of sanctions by the US’ Treasury Department.
2020-10-30 12:15 | |
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Venezuela president Nicolas Maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling U. S. economic sanctions. Speaking in the country’s parliament on Sept.
2020-10-1 16:30 | |
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The government of Venezuela has floated a new use case for cryptocurrencies, President Nicolas Maduro said during a recent speech, one that highlighted the possibility of using digital assets in tradeThe post Crypto to bypass sanctions? Yes, says Venezuela's President Maduro appeared first on AMBCrypto.
2020-10-1 19:57 | |
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The pair is accused of having stolen $16.8 million from customers of three different crypto exchanges, including two in the U.S.
2020-9-17 20:02 | |
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The U. S. has sanctioned several Russian nationals, a Ukrainian lawmaker, and their cryptocurrency addresses for interfering with the country’s electoral process. The Russians are allegedly employees of a troll factory that previously targeted presidential candidates.
2020-9-13 23:30 | |
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The U.S. Treasury Department Office of Foreign Asset Control has added three Russian nationals and a host of cryptocurrency addresses to its sanctions list.
2020-9-11 20:02 | |
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Vitalik Buterin is advocating to free Virgil Griffith, an Ethereum Foundation researcher arrested days ago for allegedly aiding North Korea evade sanctions using blockchain. “I refuse to take the convenient path of throwing Virgil under the bus,” said Ethereum co-founder Vitalik Buterin on Twitter, “because I firmly believe that that would be wrong.
2019-12-3 10:59 | |
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Virgil Griffith, a researcher at the Ethereum Foundation has been the talk of the cryptocurrency industry this past weekend after traveling to North Korea to speak on blockchain technology. He is accused of going to teach citizens about using blockchain to avoid United States sanctions, despite receiving multiple warnings not to do so.
2019-12-2 10:27 | |
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Ethereum Foundation researcher Virgil Griffith was charged for violating federal law after traveling to North Korea to deliver a presentation on using cryptocurrency and blockchain. Allegedly, his talk helped North Korea evade sanctions.
2019-11-30 01:32 | |
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Ethereum Foundation researcher Virgil Griffith was charged for violating federal law after traveling to North Korea to deliver a presentation on using cryptocurrency and blockchain. Allegedly, his talk helped North Korea evade sanctions.
2019-12-1 01:32 | |
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The sanctions committee of the United Nations has recently accused North Korea of using a blockchain firm in order to launder money overseas. According to the committee, an investigation was conducted and it was discovered that the country was using cryptos to evade sanctions imposed on it by the international community. Marine China, a blockchain […]
2019-11-7 23:00 | |
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In an effort to dig out the country from the deep hole of hyperinflation, sovereign debt and sanctions from other economies, President Nicolas Maduro, Venezuela’s leader, is set to implement an aggressive strategy focused on its national cryptocurrency – Petro.
2019-10-17 01:08 | |
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Iran has been at the cornerstone of U. S foreign policy ever since the Ayatollah Ruhollah Khomeini-led revolution deposed the US-favored Shah of Iran way back in 1979. Sanctions have been crucial to this effort, with the United States using its economic muscle and superpower credential to impose often-crippling sanctions on the West Asian country.
2019-9-18 17:30 | |
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Cuba has long been subjected to American sanctions for long-standing problems with the communist government. According to sources at Reuters, Cubans are using cryptocurrencies as a means of overcoming the barrier of economic sanctions and participating in international trade, September 13, 2019.
2019-9-13 15:00 | |
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Bitcoin is not an anonymous asset and can be tracked. A promotional video from Hamas encourages individuals to donate to their cause with Bitcoin. The traditional finance market has been worried about a few of Bitcoin’s attributes, but proponents have largely focused on the blockchain’s lack of anonymity as a reason that criminals would be […]
2019-8-20 23:35 | |
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There have been numerous news pieces detailing several countries using cryptocurrencies as tools to avoid sanctions imposed by other countries. Most of these countries are suffering from US or EU sanctions, therefore, it’s understandable that their main goal of avoiding them is to somehow fill up on these strong currencies to support their own ones.
2019-7-31 13:32 | |
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Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies.
2019-7-26 14:02 | |
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Nicolás Maduro and the United Socialist Party of Venezuela have been accused of circumventing financial blockades imposed by the U. S. government. According to local reports, Maduro’s regime evades sanctions with cryptocurrency alongside an airline application called Jetman Pay.
2019-7-26 23:15 | |
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The Venezuelan president and his administration are said to be using proceeds from the airline industry – and cryptocurrency – to avoid sanctions.
2019-7-26 21:00 | |
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Venezuela’s President Nicolas Maduro has ordered that every branch of the Banco de Venezuela should allow citizens to buy and trade El Petro, the state-issued cryptocurrency he’s so intent on pursuing.
2019-7-5 13:54 | |
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Cuba‘s government is eyeing the potential use of cryptocurrency to boost its economy. The proposal forms part of a series of measures seeking to improve the country’s deepening criss exacerbated by US sanctions.
2019-7-3 12:03 | |
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By CCN: According to local reporting, Facebook’s Global Coin might soon be used to value barrels of oil, according to one wide-ranging article about the impact of technology on the Russian economy.
2019-6-7 08:05 | |
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The popular peer-to-peer bitcoin trading network LocalBitcoins has shut down all trading operations for Iranian users. LocalBitcoins’ website offers a variety of pages for users of different nations and, as of May 24, 2019, the Iranian page displays a message that “LocalBitcoins is currently not available in your selected region,” in English only.
2019-5-25 20:14 | |
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By CCN: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions.
2019-5-24 22:55 | |
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On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.
2019-4-27 21:31 | |
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A recent RUSI report states that Kim Jong-un is using Bitcoin along with other crypto to pay for developing nuclear weapons and to avoid global sanctions North Korea has been discussed for a long while.
2019-4-23 10:58 | |
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An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U. S. presidential election, the Mueller Report claims.
2019-4-19 23:21 | |
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North Korean leader Kim Jong-un is thought to be backing an elaborate scheme entailing the hacking of crypto exchanges. The group alleged to be doing the hacking is called APT 38. It’s considered to be a highly-skilled state-sponsored group of bank hackers that managed to steal $1 billion from banks to fund its nuclear weapons program, according to Wired.
2019-4-3 16:27 | |
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Following sanctions imposed on Russia, Putin is supporting a mass gold stockpile expansion and a sale of U. S. debt holdings. With a trade war blazing, and sanctions laid across countries to force North Korea and its associates into submission, what happens to other economies? Countries like Russia are using this opportunity to step away from America’s mounting debt.
2019-3-22 23:00 | |
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A new U.N. report is linking cryptocurrency exchange hacks to North Korea. The report reveals that the embattled dictatorship continues to wage cyber attacks against other countries as a way to circumvent global sanctions and acquire foreign currency, using digital currencies to launder its illicit gains.
2019-3-19 21:00 | |
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The U. S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro.
2019-3-14 19:45 | |
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North Korea, an Asian country known for its military nuclear weapons program, is using cyber attacks and the nascent blockchain technology to dodge economic sanctions, acquire much-needed foreign currency, and cover its tracks, reported the Nikkei Asian Review on March 8.
2019-3-11 16:29 | |
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Leading Chinese electronics and cell-phone manufacturer Huawei is reportedly preparing to sue the government of the United States of America over the latest development in an ongoing trade war between the US and China.
2019-3-4 20:03 | |
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During an interview for the news agency Tasnim on Monday – the head of TPO or Iran’s Trade Promotion Organization highlighted how the country is taking interested and looking into using cryptocurrencies txs as a way to overcome the sanctions set by the U.
2019-1-30 01:53 | |
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Russia has not discounted the idea of using state-issued cryptocurrency Petro in commercial operations with Venezuela. Russia: No Petro Payments ‘Yet’ Those were the words of deputy finance minister Sergey Storchak speaking to reporters this week, local news outlet RIA Novosti reported December 13.
2018-12-14 17:00 | |
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USDT stablecoin issuer Tether has expanded its Bitcoin holdings by acquiring 7,629 BTC valued at roughly $705 million, according to on-chain data from Arkham Intelligence. The purchase elevates Tether’s Bitcoin holdings to 82,983 BTC, worth approximately $7.
Bitcoin’s actual stored value has been estimated at $1. 03 trillion, far below its $2 trillion market cap, according to CryptoQuant CEO Ki Young Ju. Ju stated that this figure represents an 85% increase from the beginning of 2024, showcasing growing investor confidence in the crypto as a Store of Value.
Swaroop Hegde, CEO and Co-Founder of Powerloom, joined CryptoSlate’s Editor-in-Chief, Liam “Akiba” Wright, and CEO Nate Whitehill on The SlateCast to discuss the future of decentralized data layers.
Bitcoin’s price fell by 2% within an hour after MicroStrategy announced its eighth consecutive weekly BTC acquisition. According to CryptoSlate’s data, the market reaction was less enthusiastic about the firm’s latest Bitcoin purchase, which dragged BTC down to $92,900 at the time of writing —a 10% drop from its record high of over $108,000.
On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new post on X, the on-chain analytics firm Santiment discussed the trend in the Exchange Flow Balance for Tether’s USDT.
The market activity of TRON (TRX) has experienced a remarkable surge, resulting in the company making headlines. In November 2024, TRON achieved an extraordinary $587 billion in USDT transfers, a 30% increase from the previous months.
