NY Fed Says Tornado Cash Sanctions Effective, Eth As Weak
Cooperation with the US Treasury sanctions on Tornado Cash was most effective at the user level and less effective as it moved through the settlement chain. Tornado Cash , the crypto aggregator blocklisted by the United States Treasury Department in 2022, has been the subject of a report by the Federal Reserve Bank of New […]
US DOJ Suggests Severe Charges For AI-aided Crimes
The US DOJ (Department of Justice) has requested that the United States Sentencing Commission revise its guidelines to include penalties for AI-aided offenses. The US DOJ may soon see harsher sentencing due to the use of AI to plot, commit, or cover up a plan.The legal alert issued by the law offices of White & […]
US Senators Asks CFTC To Conclude Ban On Election Betting
Five US Senators and three House reps have issued a new round of calls to the commodities regulator to prohibit betting on the 2024 presidential election. Polymarket, a decentralized prediction platform, has amassed over $500 million in bets on the likely winner of the 2024 United States presidential election.In a letter to Rostin Benham, the […]
Swan Bitcoin Pulls Conference Amid Mining Shutdown
Swan Bitcoin, a financial services firm, canceled a cryptocurrency conference scheduled to take place in California in October. After Swan Bitcoin announced staff cuts in July, CEO Cory Klippsten said, “It just doesn’t feel like the right time for a festival.” The Pacific Bitcoin Festival will not be held in 2024, as Swan Bitcoin CEO […]
US Government Moves 300 ETH Tokens — Arkham Intelligence
The onchain analytics firm transferred the 300 ETH tokens from a wallet designated as “Noman Seleem Seized Funds.” On August 5, a wallet address ending in “d46” was transferred 300 Ether, estimated to be worth $699,000, from a wallet believed to be under the custody of the United States government, according to Arkham Intelligence. Additionally, […]