Crypto News
US Treasury Removes Sanctions on Tornado Cash
The U.S. Treasury Department has removed economic sanctions against Tornado Cash, a cryptocurrency mixer, following a review of legal and policy issues related to evolving technology and financial environments. Sanctions on Tornado Cash Lifted Following Policy Review The decision, outlined in a Friday filing in Van Loon v. Department of the Treasury, reflects the Administration’sSource link
HK Asia Holdings Buys More Bitcoin in Hedge Against Depreciation of Fiat Currencies
HK Asia Holdings (1723) said it bought another 10 bitcoin (BTC) for $858,581.The Thursday purchase took the Hong Kong-listed company's total to around 18.88 BTC at a cost of roughly $1.72 million. The acquisitions were made via open market transactions and funded through internal cash reserves.In a statement, the company said it views bitcoin as a viable store of value amid global economic uncertainty, inflation concerns and expanding use of cryptocurrencies in investment strategies as well as "its potential to act as an effective hedge against depreciation of fiat currencies."Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see...
US Treasury Lifts Sanctions Against Ethereum Mixer Tornado Cash
Ethereum coin mixing service Tornado Cash is no longer sanctioned by the U.S. Treasury, reversing a 2022 decision.Source link
Crypto’s Fairshake PAC Backs Republicans With Last-Minute Cash in Florida Races
The crypto industry’s Fairshake political action committee is flooding Republican candidates with last-minute money in special congressional elections in Florida.Two U.S. House of Representatives seats had been opened by resignations when their occupants were tapped for posts in President Donald Trump’s administration, including that of Matt Gaetz, the politician Trump sought for the attorney general job who was tied to accusations of sex with a minor and drug abuse. The open seats are pivotal for Republicans' control of their tight margin in their House majority, so Democrats have devoted tremendous money and attention to them.An affiliate of the Fairshake super PAC, which is set up to devote money to candidate advertising independent of campaigns' involvement, had already weighed in during...
Strategy Ups ‘Strife’ Offering to $723 Million to Buy More Bitcoin
Strategy could be obligated to pay Strife investors an 18% dividend per quarter if it misses several cash payments.Source link