US Treasury News

The Office of Foreign Assets Control (OFAC) of the U.S. Treasury has sanctioned three individuals for using illegal financing and illicit cyber activity to support the Democratic People's Republic of Korea (DPRK).

The U.S. government is getting ready to auction off 41,000 Bitcoins that were connected to the infamous Silk Road marketplace. The proceeds will be used to benefit the U.S. Treasury.

New restrictions have been placed on Tornado Cash by the U.S. Treasury because of allegations that the North Korean government uses it.

U.S. residents and citizens who were unable to withdraw their crypto assets before the Tornado Cash ban on August 8 can now request a special license from OFAC to recover their funds.

Avalanche (AVAX) has fallen below the bearish pennant pattern as the Fed issues keep tumbling the crypto market. AVAX has dropped to around $30, a 6% decrease over 24 hours and its lowest level since last week. AVAX is Showing…

In yet another blow to the cryptocurrency industry, the US Treasury has revealed plans to mandate the reporting of crypto holdings over $10K held with foreign digital currency service providers. FinCEN, an arm of the Treasury Department that oversees domestic…