US Treasury first imposes sanctions on a crypto mixer

    The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions on a cryptocurrency mixer Blender.io, which happens to be used by North Korea (DPRK) and other illicit activity. In a press release on May 6, OFAC said that the mixer is allegedly being used by hackers in North Korea…

    Crypto-assets will back onto investors’ radar amidst Russia-Ukraine crisis – 3iQ CEO

    Crypto assets are tracing a path back onto investors’ radar, notes Fred Pye, CEO and Chairman of Canadian investment fund 3iQ Corp. Anticipating the further pivot to crypto, he suggests that what’s happening at the present moment is only accelerating the crypto revolution. According to Frederick Pye’s opinion column on Gulf News, the conflict in…

    Arrival of war-weary Russians turbo-charges Dubai’s tech scene

    Arrival of crypto entrepreneurs and software programmers from Russia comes as the bustling city emerges as a startup hub for the region, reports Sean Mathews on Middle East Eye. In early March, Gleb Mikhailov boarded a flight from Moscow to Dubai. “I saw no future left in Russia,” said the founder of Teamatix, a startup…

    Uniswap now blocks some crypto wallets for illegal activity

    In partnership with TRM Labs, Uniswap Labs is now blocking crypto wallets that are found to be engaged in illegal behavior. The move reveals a trend in the DeFi sector of blocking crypto addresses sanctioned by the US Treasury Department. Uniswap Labs, the Uniswap decentralized exchange protocol’s main developer, has begun blocking crypto wallet addresses…

    Binance CEO: Cryptocurrencies are terrible to escape sanctions

    Binance CEO, Chengpeng Zhao, said cryptocurrencies are “terrible for avoiding sanctions.” He also noted the reason: “It is traceable.” He also explained how they lack the ability to freeze all Russian users’ assets. Chengpeng “CZ” Zhao, CEO of the biggest crypto exchange Binance, believes that cryptocurrencies are terrible for evading sanctions. This comment comes amid…

    Bitcoin could top $1.3 million after sanctions on Russia, VanEck says

    An analytic report from American investment firm VanEck says Bitcoin appears to have a much higher upside potential than gold. If each of the assets becomes the only reserve asset globally, Bitcoin could top $1.3 million, while gold may reach a price of $31,000 per ounce, respectively. However, these extreme cases have a more likely…