treasury

US Treasury challenged over Tornado Cash sanctions

0xMain
May 25, 2023

cash, challenged, Hacking, sanctions, Tornado, treasury

In a bid to reverse sanctions against Ethereum’s privacy service, Tornado Cash, plaintiffs question the U.S. Department of Treasury’s interpretation of property rights in smart contracts and the application of the first amendment’s free speech clause. In a fresh legal development, the U.S....

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Circle rebalances treasury holdings amid US debt default concerns

0xMain
May 12, 2023

Circle, concerns, debt, default, Hacking, holdings, rebalances, treasury

Concerns about a possible U.S. government default have prompted Circle, a prominent stablecoin producer, to adjust its treasury holdings. The business has chosen to keep a reserve portfolio heavily weighted toward short-term U.S. treasuries. The move to short-dated debt occurs as debate rages on among...

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Tether treasury mints 1b USDT on Ethereum network

0xMain
April 21, 2023

Ethereum)?, Hacking, mints, Network, Tether, treasury, USDT

A massive amount of Tether (USDT), the most popular stablecoin in the crypto market, has been minted at Tether treasury. According to a tweet by @whale_alert, a service that tracks large cryptocurrency transactions, one billion USDT were minted on the Ethereum network, which...

US Treasury warns DeFi poses a threat to national security

0xMain
April 7, 2023

DeFi, Hacking, National, poses, security, threat, treasury, warns

The U.S. Department of Treasury issued a stark warning, stating that the rise of decentralized cryptocurrency markets poses a significant threat to national security, with concerns ranging from illicit activities to financial stability risks. The U.S. Department of Treasury (DoT) recently released a...

Rook DAO proposes dissolution, treasury distribution to token holders

0xMain
March 27, 2023

DAO, dissolution, distribution, Hacking, holders, proposes, Rook, token, treasury

The Rook DAO community has proposed a dissolution of the DAO, citing network stagnation, poor management, and DAO exclusion. Rook DAO to dissolve The ROOK protocol has recently suffered severe criticism, especially from the DAO. On March 22, Wismerhill proposed the network dissolve...