• DOJ charges Nevada man in $45M CoinDeal crypto scheme
• Treasury sanctions Tether address over Russia connections
• Worldcoin faces privacy concerns from iris scan black market
DOJ Charges Nevada Man Involved in $45M Crypto Scheme
The U.S. Department of Justice (DOJ) has charged a Nevada man for his involvement in a $45 million CoinDeal crypto scheme. The Treasury Department has also sanctioned the Huriya CEO’s Tether address due to its connections with Russia.
Treasury Sanctions Tether Address Over Russia Connections
The U.S. Treasury Department has imposed sanctions on the CEO of Huriya, whose Tether address was found to have ties with Russia. This action serves as a warning to other cryptocurrency businesses to be mindful of their international activities and is yet another instance where the government is taking steps to crack down on illicit activities within the industry.
Worldcoin Faces Privacy Concerns from Iris Scan Black Market
Worldcoin recently encountered some privacy issues as an iris scan black market emerged for biometric verification purposes. The use of such technology raises questions about security and data privacy, and whether it’s necessary or not for transaction authentication processes within the cryptocurrency space.
Cardano’s Hoskinson Calls Ethereum Classic ‚Scam‘
Cardano founder Charles Hoskinson called Ethereum Classic (ETC) a “scam” after Ergo was excluded from the Proof-of-Work Summit due to alleged fraud concerning one of its projects, which he felt was unfair and discriminatory towards ETC holders, developers, and investors alike.
Tether-KriptonMarket Partnership Allows Small Argentinian Businesses to Accept USDT
Tether’s collaboration with KriptonMarket will now allow small businesses in Argentina to accept payments in USDT, helping them pay their bills and part of their employee wages amid sky-high inflation rates that are depleting local savings quickly.