Tag: based
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US Treasury Sanctions Iranian Maritime Insurance Network and Shadow Fleet Tankers Over Bitcoin-Based Revenue Schemes
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced a comprehensive new round of sanctions targeting the Islamic Republic of Iran’s maritime revenue network, specifically identifying a sophisticated insurance scheme designed to circumvent international financial restrictions through the use of digital assets. This latest regulatory action focuses on two…
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US Treasury Sanctions Irans Maritime Insurance Network and Shadow Fleet Over Crypto Based Sanction Evasion
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has executed a sweeping expansion of its sanctions regime against the Islamic Republic of Iran, specifically targeting a sophisticated maritime revenue network designed to fund the Islamic Revolutionary Guard Corps (IRGC). This latest regulatory action focuses on a clandestine insurance scheme operating…
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US Treasury Department Targets Global Hamas Financial Network with Sanctions on Turkish Based Exchange and Key Operators
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) took decisive action on July 23, 2026, to disrupt a sophisticated financial network supporting the Palestinian militant group Hamas. By designating Zaid Issam Ahmed al-Jebouri, an Iraqi national operating out of Istanbul, and his associates, the U.S. government has intensified its efforts…
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Gyeonggi Province to Launch Blockchain-Based Stablecoin Pilot to Revolutionize Regional Currency and Public Disbursements
Gyeonggi Province, the most populous administrative division in South Korea, has announced the commencement of a multi-phase proof-of-concept (PoC) project to develop and implement a blockchain-based stablecoin. This initiative, scheduled to begin its first operational phase in August 2024, represents a significant step forward in the province’s efforts to integrate decentralized ledger technology into its…
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U.S. ETF Market Sees Unprecedented Surge in Launches Driven by Leveraged and Derivatives-Based Strategies, Raising Investor Risk Concerns
The United States Exchange Traded Fund (ETF) market is experiencing an unprecedented period of expansion, marked by a record-breaking influx of new products, predominantly featuring leveraged, inverse, and derivatives-based strategies. Recent data indicates a dramatic acceleration in product development, with approximately 390 U.S.-listed ETFs launching within a recent two-month window. This surge, highlighted by a…
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Humanity Protocol to Scrap Existing H Token for New Ethereum-Based Version Following Major Security Breach
Humanity Protocol, a project focused on decentralized identity and Web3 infrastructure, has announced a complete overhaul of its native H token, replacing the existing asset with an entirely new Ethereum-based version. This drastic measure comes in the wake of a significant security breach that severely compromised the project’s ecosystem and necessitated a comprehensive recovery strategy.…
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