On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The unknown sources explained that the inquiry into Kraken started in 2019, and it’s accused of allowing users from sanctioned countries like Iran access to the digital currency trading platform. Treasury’s…
Month: July 2022
Crypto Council for Innovation hires government insiders to build leadership team
Linda Jeng and Brett Quick will be joining the council in support of its policy and regulatory affairs team. Source: https://cointelegraph.com/news/crypto-council-for-innovation-hires-government-insiders-to-build-leadership-team
UPenn’s Wharton School rolls out online certificate course on business in the Metaverse
The University of Pennsylvania Wharton School of Business announced Tuesday that its Aresty Institute of Executive Education will launch a certificate program titled “Business in the Metaverse Economy.” The six-week course will be taught online with a heavy dose of immersion. Wharton, one of the world’s leading business schools, teamed up with consulting firm Prysm Group to design the course,…
Bitcoin price falls under $21K, bringing more capitulation or just consolidation?
On July 26, Bitcoin (BTC) price dropped below $21,000, giving back the majority of the gains accrued in the previous week and returning to the $23,300 to $18,500 range that Glassnode analysts describe as “the Week 30 high and Week 30 low.” A handful of analysts and traders attribute the July 26 to July 27 Federal Open Market Committee (FOMC)…
Crypto Market Falls Below $1 Trillion as Bitcoin, Ethereum and Solana Sink
In brief The cryptocurrency market has shed almost 6% of its value today, with its total market cap dropping below $1 trillion. Ethereum is down nearly 10% today after a week of strong gains, with Solana and Polygon among other notable coins in the red. Following a week of gains across much of the cryptocurrency market, prices are sinking again—and…
The Costa’ Bitcoin on the rise: Major chains give Gibraltar a BTC boost
Major franchises in Gibraltar including Costa Coffee, the Card Factor and Hotel Chocolat now accept Bitcoin over the Lightning Network or on-chain. Source: https://cointelegraph.com/news/the-costa-bitcoin-on-the-rise-major-chains-give-gibraltar-a-btc-boost
Treasury’s OFAC is investigating Kraken for violating US sanctions: Report
The United States Treasury Department’s Office of Foreign Assets Control, or OFAC, is reportedly investigating crypto exchange Kraken for allegedly allowing users based in Iran and other countries to buy and sell crypto — a potential violation of U.S. sanctions. According to a Tuesday report from the New York Times, OFAC has been looking into Kraken’s alleged sanctions violations since…
Latvian Artist Threatened With Prison for Money Laundering Through NFTs – Bitcoin News
An artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities have blocked his bank accounts and launched an investigation without even notifying him. Artist Who Sold Over 3,500 NFTs Prosecuted for Money Laundering in Latvia Latvian artist and developer Ilya…
Core Scientific to increase ASIC server capacity by 75 MW
The Nasdaq-listed Bitcoin miner expects to generate $50 million in annual revenue once the ASIC servers are fully operational. Source: https://cointelegraph.com/news/core-scientific-to-increase-asic-server-capacity-by-75-mw
Treasury Investigating Kraken for Alleged Iran Sanctions Violations: Report
The U.S. Treasury Department’s Office of Foreign Assets Control is investigating cryptocurrency exchange Kraken for allegedly violating economic sanctions against Iran, according to the New York Times. Five people “affiliated with the company or with knowledge of the inquiry” told the New York Times that Kraken is suspected of allowing customers in Iran and other sanctioned countries to use its…