Search results for "SDN"
22:30
#SDN# where have you been on twitter Please come and give confidence
SDN-3.01%
10:08
How Solayer’s InfiniSVM Supercharges Solana Speed is Solana’s superpower, but Solayer takes it to another level with InfiniSVM—a hardware-accelerated Solana Virtual Machine designed for mind-blowing performance. We’re talking 1,000,000+ transactions per second (TPS) and 100 Gbps+ network bandwidth, all while keeping transactions atomic and secure. {future}(LAYERUSDT) InfiniSVM uses cutting-edge tech like SDN (Software-Defined Networking) and RDMA (Remote Direct Memory Access) to process transactions at lightning speed. This makes Solayer perfect for high-demand apps like DeFi platforms, NFT marketplaces, or even real-time trading systems. For stakers, this means your SOL isn’t just earning rewards—it’s powering the next generation of blockchain apps. By delegating your SOL or LSTs to Solayer’s restaking pools, you’re fueling this high-speed ecosystem while earning standard staking rewards + MEV boosts + app-specific incentives. It’s a win-win. Want to stake smarter?
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16:45
While most L1s chase headlines, @solayer_labs is engineering serious scale behind the scenes. Solayer isn’t just another chai, it’s next-gen modular infrastructure, purpose-built on Solana. Here’s why the smart money is watching: • InfiniSVM: Parallel VM powering 1M+ TPS • 100 Gbps throughput — no congestion bottlenecks • Native restaking with sSOL=better security + yield • SDN + RDMA = Web2-level low latency • Built to power DeFi, AI, DePIN, and more • Core team includes Solana OGs + seasoned engineers Amid the noise, here’s what stands out: ✅Infrastructure adoption is climbing ✅Bottlenecks in legacy L1s are being exposed ✅Solayer is positioning for the next wave of serious builders If you're betting on real infrastructure, $LAYER might be your quietest high-conviction play yet. #BuiltonSolayer
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23:21

SK Group Eyes Exit from Cenviro, Potential Deal Pegged at $300 Million

On June 27, 2025, Bloomberg reported that SK Group, South Korea’s second-largest conglomerate, is considering divesting a minority stake in Cenviro Sdn., which is based in Malaysia and focuses on waste management. According to sources familiar with the situation, the deal could value the company at
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23:26
The Kuala Lumpur High Court has acquitted Najib of three money laundering charges involving SRC International Sdn Bhd (a former subsidiary of 1MDB), which is a form of probation but does not equate to a release from guilt. The dismissal of the charges leaves room for the prosecution to bring the same charges in the future.
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09:32
CoinVoice has recently learned that, according to Coingecko data, the Solayer Token (LAYER) has fallen by 23.9% in the last 24 hours, currently priced at 2.50 dollars. Solayer is building infiniSVM to scale Solana, which is a hardware-accelerated SVM with a multi-execution cluster architecture that is infinitely scalable through SDN and RDMA connections, achieving 100 Gbps while maintaining atomic state.
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11:31
According to Techub News, as reported by Decrypt, Judge Robert Pitman of the U.S. District Court for the Western District of Texas updated and finalized the amendment to the "U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctions on Tornado Cash" on Monday, ruling that the Treasury's actions were "illegal," and ordered OFAC to "permanently cease enforcement" of the sanctions against the Crypto Assets mixer Tornado Cash, marking a decisive victory for advocates of Crypto Assets privacy. Techub news previously reported that OFAC has removed Tornado Cash and several related Ethereum addresses from the Specially Designated Nationals (SDN) sanctions list.
ETH-4.13%
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22:09
MetaEra news, April 3 (UTC+8), according to Decrypt, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that it has added 8 Tron wallet addresses associated with the Yemeni Houthi movement to its Specially Designated Nationals and Blocked Persons (SDN) list. According to the U.S. Treasury, the network is operated by Iranian "Houthi senior financial official" Sa'id al-Jamal, involving the procurement of sensitive goods such as Russian weapons and stolen grain from Ukraine, which are sent to areas controlled by the Houthis. These wallets have been active since 2023, frequently using USDT for transactions, with some transaction amounts reaching up to 1 million USD. (Source: Decrypt)
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01:09

The United States slashed 8 Tron wallets supporting Houthi with USDT.

OFAC added 8 Tron wallet addresses related to Houthi forces in Yemen to the SDN list for alleged illegal financial activities using Tether. Led by Sa’id al-Jamal, they are involved in buying sensitive items like Russian weapons and stolen Ukrainian corn, then transporting them to Houthi-controlled areas. The cryptocurrency wallets have been operative since 2023, engaging in frequent USDT transactions, some up to $1 million.
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00:01
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added eight Tron wallet addresses linked to the Houthi financial network to the Specially Designated Nationals and Blocked Persons List (SDN). The wallet addresses are linked to Sa'id al-Jamal, the senior financial chief of the Iranian-backed Houthi group. The related transactions involved the procurement of weapons and sensitive goods from Russia, some of which amounted to $1 million each. Under Executive Order 13324, the U.S. has frozen assets and imposed a trading ban on U.S. citizens.
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23:03
#BTC#The U.S. Treasury’s OFAC has added eight Tron wallet addresses linked to the Houthi financial network to its SDN list. Some transactions reached up to $1 million. Under Executive Order 13324, the U.S. will freeze the related assets and prohibit its citizens from transacting with them.
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23:00
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added 8 Tron Wallet Addresses linked to the Houthis' financial network to the Specially Designated Nationals and Blocked Persons List (SDN). These addresses are associated with Sa’id al-Jamal, a senior financial official of the Iran-backed Houthi organization, with some transaction amounts reaching up to 1 million USD, involving the procurement of weapons and sensitive goods from Russia. Under Executive Order 13324, the U.S. will freeze the relevant assets and prohibit citizens from transacting with them. (Decrypt)
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22:59

The U.S. Treasury sanctioned 8 Tron Wallet Addresses related to the Houthis.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added 8 Tron Wallet Addresses associated with the Houthi financial network to the Specially Designated Nationals and Blocked Persons List (SDN). These addresses are linked to Sa’id al-Jamal, a senior financial figure of the Iran-backed Houthi organization, with some transaction amounts reaching up to 1 million USD, involving the procurement of weapons and sensitive goods from Russia. According to Executive Order 13324, the U.S. will freeze the relevant assets and prohibit citizens from engaging in transactions with them. (Decrypt)
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TRX-1.86%
SDN-3.01%
22:52

The U.S. Treasury Department has placed 8 Tron Wallet addresses associated with the Houthis on the sanctions list.

According to Gate.io News bot and Decrypt report, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added 8 Tron wallet addresses associated with the Houthi financial network to the Specially Designated Nationals and Blocked Persons List (SDN). These wallet addresses are linked to Sa'id al-Jamal, a senior financial official of the Iran-backed Houthi organization. The related transactions involve procuring weapons and sensitive goods from Russia, with some single transaction amounts reaching 1 million USD. Under Executive Order 13324, the U.S. has frozen the related assets and imposed trading bans against U.S. citizens.
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00:01
1. Sanctions on tankers and shipping companies transporting Iranian crude oil 1. Block the operational capacity of oil tankers The United States has included tankers involved in the transportation of Iranian crude oil on the "Specially Designated Nationals and Blocked Persons List" (SDN list). For example, the tankers "CH Billion" and "Star Forest," which transported Iranian crude oil from Dalian, China in January 2025, are unable to use the U.S. dollar trading system after being sanctioned, and related shipowners, insurance companies, and port service providers refuse to provide services for fear of secondary sanctions. Subsequent sanctions also involve multiple oil tankers (such as the NICHOLA and NATALINA 7), which, once sanctioned, face restrictions on their global navigation and docking permissions, resulting in an inability to unload cargo normally. 2. Cut off shipping support network The U.S. Department of the Treasury has imposed sanctions on 19 shipping entities, including companies such as Astrid Menks Limited based in Hong Kong, China. These companies are accused of forming a "shadow fleet" to evade tracking by shutting down ship location signals, frequently changing flags and ship names. However, after the sanctions, their dollar accounts have been frozen, disrupting the international shipping cooperation chain and indirectly hindering unloading operations. 2. Sanctioning China's crude oil storage terminals and refineries 1. Directly block storage facilities In March 2025, the U.S. Department of State placed the Huizhou Daya Bay Huayang Petrochemical Terminal on the SDN list under the reason of "receiving Iranian crude oil." The terminal had stored 1 million barrels of Iranian crude oil unloaded from the sanctioned tanker NICHOLA, resulting in the freezing of its assets and forcing international partners to terminate business relations with it, effectively crippling the terminal's unloading capacity. 2. Crack down on the "teapot oil refinery" procurement chain The United States has imposed sanctions for the first time on Chinese independent refineries (such as Shandong Luqing Petrochemical), accusing them of bypassing the dollar system by purchasing Iranian crude oil through RMB settlements. The sanctions include freezing the companies' dollar accounts, prohibiting US entities from trading with them, and threatening to impose secondary sanctions on third-party financial institutions, forcing the refineries to be unable to pay for unloading fees or receive crude oil. III. Using Financial Hegemony to Apply Pressure 1. US Dollar Trading Restrictions If sanctioned entities settle in US dollars, it will trigger monitoring and interception by the US financial system. For example, Huaying Petrochemical Terminal was directly sanctioned due to involvement in dollar transactions, while Shandong Luqing Petrochemical partially mitigated risks by settling in RMB, but still faced impacts on unloading processes due to restrictions on the dollar business of associated shipping companies. 2. Long-arm jurisdiction deters third parties The United States is forcing international port service providers (such as fuel suppliers and freight forwarding companies) to refuse support for ships involved in Iranian oil by threatening secondary sanctions. For example, sanctioned oil tankers that attempt to dock at Chinese ports may face fuel supply interruptions or denial of navigation services, making unloading operations impossible. IV. Geopolitics and Economic Game The deeper purpose of the U.S. sanctions is to curb the impact of Sino-Iranian energy cooperation on the hegemony of the U.S. dollar. China has partially broken the blockade through its "shadow fleet" and the RMB settlement system (such as using BeiDou navigation to replace GPS and RMB oil transactions), but the U.S. has further created legal and business risks by upgrading the sanctions list and offering bounties for the arrest of Chinese corporate executives (such as a bounty of 109 million yuan for four Chinese citizens), forming a deterrent cycle of "being sanctioned upon unloading." Summary The United States is trying to cut off the logistics chain, capital chain, and information chain of Iranian crude oil entering Chinese ports through a combination of "entity sanctions + financial blockades + long-arm jurisdiction." Although China has taken countermeasures using non-U.S. dollar settlements and technical means, U.S. sanctions have significantly increased the legal risks and operational costs of unloading, resulting in some crude oil being stranded or forced to be rerouted.
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05:48
1. Sanctions on oil tankers and shipping companies transporting Iranian crude oil 1. Block oil tanker operating capacity The United States has included tankers involved in transporting Iranian crude oil on the "Specially Designated Nationals and Blocked Persons List" (SDN List). For example, the "CH Billion" and "Star Forest" tankers, which are set to transport Iranian crude oil from Dalian, China in January 2025, are unable to use the dollar trading system after being sanctioned. Relevant shipowners, insurance companies, and port service providers refuse to offer services due to fear of secondary sanctions. Subsequent sanctions also involve several oil tankers (such as the NICHOLA and NATALINA 7), which, once sanctioned, will have their global navigation and docking permissions restricted, leading to an inability to unload normally. 2. Cut off the shipping support network The U.S. Treasury Department has imposed sanctions on 19 shipping entities, including Hong Kong's Astrid Menks Limited. These companies are accused of forming a "shadow fleet" to evade tracking by shutting off vessel positioning signals, frequently changing flags and names. However, after the sanctions, their dollar accounts were frozen, disrupting the international shipping cooperation chain and indirectly hindering unloading operations. 2. Sanctions on China's crude oil storage terminals and refineries 1. Directly block storage facilities In March 2025, the U.S. Department of State placed the Huizhou Daya Bay Huaying Petrochemical Terminal on the SDN list under the justification of "receiving Iranian crude oil." The terminal's assets were frozen due to the storage of 1 million barrels of Iranian crude oil unloaded from the sanctioned tanker NICHOLA, forcing international partners to terminate their business dealings with it, effectively paralyzing the terminal's unloading capacity. 2. Crack down on the "teapot oil refinery" procurement chain The United States has imposed sanctions for the first time against independent refineries in China, such as Shandong Luqing Petrochemical, accusing them of circumventing the dollar system by purchasing Iranian crude oil through RMB settlements. The sanctions include freezing the companies' dollar accounts, prohibiting U.S. entities from trading with them, and threatening secondary sanctions on third-party financial institutions, forcing the refineries to be unable to pay unloading fees or receive crude oil. III. Use financial hegemony to exert pressure 1. Dollar trading restrictions Entities under sanctions that use US dollars for settlement will trigger monitoring and interception by the US financial system. For example, the Huaying Petrochemical Terminal was directly sanctioned for involving US dollar transactions, while Shandong Luqing Petrochemical partially mitigated risks through RMB settlement, but still faced impacts on unloading processes due to restrictions on the USD business of associated shipping companies. 2. Long-arm jurisdiction deters third parties The United States is using threats of secondary sanctions to force international port service providers (such as fuel suppliers and freight forwarders) to refuse support for vessels involved with Iranian oil. For example, if a sanctioned tanker attempts to dock at a Chinese port, it may face fuel supply interruptions or denial of navigation services, leading to the inability to complete unloading operations. 4. Geopolitics and Economic Games The deeper purpose of the U.S. sanctions is to curb the impact of China-Iran energy cooperation on the hegemony of the U.S. dollar. China has partially broken the blockade through a "shadow fleet" and a RMB settlement system (such as using Beidou navigation to replace GPS and RMB oil trading), but the U.S. has further created legal and business risks by upgrading the sanctions list and offering rewards for the capture of Chinese corporate executives (such as a reward of 109 million yuan for four Chinese citizens), forming a deterrent cycle of "being sanctioned upon unloading." Summary The United States, through a combination of "entity sanctions + financial blockade + long-arm jurisdiction," attempts to cut off the logistics, capital, and information chains of Iranian crude oil entering Chinese ports. Although China has taken countermeasures through non-U.S. dollar settlements and technical means, the U.S. sanctions have still significantly increased the legal risks and operational costs of unloading, leading to some crude oil being stranded or forced to be rerouted.
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10:48
Techub News reports that, according to Cointelegraph, the U.S. Department of the Treasury has stated that the Tornado Cash lawsuit does not require a final ruling from the court after it removed Tornado Cash from the sanctions list on March 21. Techub news previously reported that the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has removed Tornado Cash and several related Ethereum addresses from the Specially Designated Nationals (SDN) sanctions list.
ETH-4.13%
SDN-3.01%
06:15
The US Treasury lifted sanctions against the crypto mixer Tornado Cash. The decision to lift the sanctions was made after "an analysis of new legal and political issues" related to the application of restrictions on financial and commercial activities, officials explained. The U.S. authorities have removed both the name Tornado Cash and more than 100 associated Ethereum smart contract addresses from the Specially Designated Nationals sanctions list (SDN). This decision means that legal entities and individuals in the U.S. are no longer prohibited from interacting with the service. OFAC imposed sanctions on Tornado Cash in August 2022. According to the agency, since the creation of Tornado Cash in 2019, criminals have laundered cryptocurrency worth over $7 billion using the crypto mixer. Over $455 million was linked to the activities of the North Korean hacking group Lazarus Group. Client funds and the Tornado Cash website have been blocked since August 2022, and American tax residents were prohibited from using the service. Earlier, the appellate court overturned the decision of the federal court of Texas that allowed OFAC to impose restrictions against the crypto mixer Tornado Cash.
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15:41
📊 TORN has increased by 76% OFAC ( The Office of Foreign Assets Control of the U.S. Department of the Treasury has removed Tornado Cash from the SDN sanctions list. ❌ Now neither the service, nor its website, nor the associated ETH addresses are subject to sanctions. Against this backdrop, the price of the TORN token has risen by 76%.
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14:48
According to the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) March 21 announcement on the update to the Specially Designated Nationals (SDN) list, Tornado Cash, the Tornado Cash website, and multiple or Tornado Cash-related Ethereum addresses have been removed from the sanctions list, Wu said. Tornado Cash, a coin mixing protocol on Ethereum that allows users to transact anonymously, was previously sanctioned by the U.S. Treasury Department for allegedly providing access to money laundering for illegal activities such as North Korean hackers.
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ETH-4.13%
14:42

The U.S. Treasury Department OFAC lifted sanctions on Tornado Cash Crypto Assets Address.

According to the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) March 21 announcement on the update to the Specially Designated Nationals (SDN) list, Tornado Cash, the Tornado Cash website, and multiple or Tornado Cash-related Ethereum addresses have been removed from the sanctions list, Wu said. Tornado Cash, a coin mixing protocol on Ethereum that allows users to transact anonymously, was previously sanctioned by the U.S. Treasury Department for allegedly providing access to money laundering for illegal activities such as North Korean hackers.
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14:37
Techub news: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has removed Tornado Cash and several related Ethereum Addresses from the Specially Designated Nationals (SDN) sanctions list.
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15:01
Solayer believes that the crypto world still needs a million-level TPS architecture and requires technological innovation. Solayer proposed three points: Hardware architecture innovation Network bandwidth: Achieve microsecond-level data transfer between nodes through RDMA technology (80-100Gbps) Multi-execution model: rack-level nodes + parallel transaction processing, throughput increased by 100 times SDN dynamic routing: intelligent path selection + real-time traffic scheduling, breaking through network bottlenecks Hybrid Consensus Mechanism (PoAS) Mega Leader: Authoritative Proof Accelerates Block Production (TPS in tens of thousands) Provers Validators: Proof of Stake Ensures Decentralized Security Dual Fault Tolerance: Automatically switch to Solana consensus in case of exception Hardware Accelerated Nuclear Bomb GPU/FPGA parallel verification signature (Ed25519 efficiency increased by 100 times) Double Exponential Smoothing Algorithm Optimizes Trading Predictions CPU load reduced by 50%+, node efficiency doubled These three Solayer mechanisms will achieve: 100,000 TPS production-level network , sub-second final confirmation, Internet-level scalability Seems pretty impressive, feels like it's worth waiting for a pull-up!
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13:30
Simply put, the current public chain is too slow to support large-scale applications. Solayer's InfiniSVM aims to achieve over 1MM TPS (one million transactions per second), making blockchain no longer lag, but becoming a true infrastructure that can support AI, games, and global payments. Everyone knows the old issues of all public chains at present: 1. Ethereum has low TPS, and any random hot chain is congested and expensive again. 2. Solana is indeed fast, but it is still far from Visa level (65,000 TPS) 3. L2 and Rollup are indeed optimizing, but to put it bluntly, it's just patching up. The bottleneck of the underlying architecture still exists. InfiniSVM is not just faster, but it changes the architecture to improve performance with hardware acceleration. How does InfiniSVM work? 1. Faster network: The public chain has low bandwidth and cannot handle high throughput, so InfiniSVM directly switched to a dedicated hardware network architecture to increase throughput. 2. Multi-architecture: Unlike traditional public chains where one machine calculates all transactions, multiple machines perform parallel computation, using RDMA to speed up data transmission and reduce latency. 3. Intelligent trading diversion: optimize trading paths with SDN, simple transactions take the accelerated channel, complex transactions are handled separately, without hindering each other. 4. PoAS: Separate transaction packaging and verification, with PoA responsible for aggregating transactions and PoS responsible for verification, increasing throughput while maintaining decentralization. 5. Signature Verification Acceleration: On Solana, transaction signature verification takes up more than 50% of the CPU. InfiniSVM directly processes in parallel using GPU/FPGA, increasing speed by 100 times and significantly reducing node load. What's the difference between L2 and L2? 1. Ethereum L2 requires switching networks, signing additional transactions, and the interaction experience is terrible. 2. InfiniSVM is directly compatible with Solana, no additional operation is required, and the experience is smoother. What problem has been solved? 3. On-chain AI is no longer stuck, smart contracts can run in real time. 4. The throughput of blockchain payments is close to the level of Visa, and the popularization of stablecoins is barrier-free. 5. On-chain games can support millions of players online, no longer getting stuck as a PPT due to performance limitations. If the traditional expansion solution before can be likened to installing a larger engine on a broken car, Solayer InfiniSVM is like getting a new car directly, with a completely redesigned chassis and gearbox, aiming to bring blockchain to the level of internet-like usability. In this way, the blockchain is no longer the bottleneck of killer applications. As for whether the final outcome will be AI, games, or some unexpected scenarios, that's a matter for later.
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01:23
🚀 New Listing Alert: $LAYER - Powering Solayer's High-Performance Blockchain! $LAYER, the governance token of Solayer, is making waves in the crypto space! Designed for ultra-low latency and high throughput, it’s built on cutting-edge technologies like InfiniBand, SDN, and RDMA, aiming to scale the Solana Virtual Machine (SVM) for efficient, high-speed transactions. 🔥 Why Watch $LAYER? Ecosystem Powerhouse: Integral to Solayer's ecosystem, driving DeFi, governance, and transaction execution. Strong Tokenomics: With 1 Billion LAYER tokens in circulation, it plays a crucial role in Solana's expanding ecosystem. Validator Incentives: Stakers and validators are rewarded for securing the network, boosting long-term viability. Market Buzz: Initial trading sessions show an uptick in price and growing community interest. Top analysts are eyeing its role in $SOL Solana’s next-gen infrastructure. 🔥 Trending Now: $PI, $ETH, $BTC, and $BNB are also making headlines! 📊 Are You Bullish or Bearish on $LAYER? Share your thoughts below! Is $LAYER the next big thing in Solana's ecosystem? Let’s discuss! #CryptoNews ##LayerToken ##Solayer ##BlockchainInnovation ##BullishOrBearish#
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02:21

The Russian company Zservers is jointly sanctioned by multiple countries for supporting ransom activities.

The United States, the United Kingdom, and Australia have jointly imposed sanctions on the Russian company Zservers. The 'Bulletproof Hosting' service provided by Zservers company offers infrastructure for cybercriminals and supports the activities of the LockBit Ransomware group. OFAC has designated Zservers and its 3 Cryptocurrency Addresses on the Specially Designated Nationals (SDN) list. FCDO and DFAT have also listed 4 employees of Zservers and its former company in the UK on the sanctions list.
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00:09

Solana announces its 2025 roadmap for the stake protocol Solayer.

Wu learned that Solana announced the 2025 roadmap of the stake protocol Solayer, which is centered around the hardware-accelerated SVM Block chain architecture InfiniSVM. This architecture achieves a throughput of 100 Gbps using SDN and RDMA, and extends a single execution cluster to an infinite number of machines through dynamic Sharding, meeting application requirements and solving propagation failures, connection interruptions, and Consensus issues caused by Solana's network bandwidth limitations. InfiniSVM utilizes hardware circuits and kernel-offloaded transaction processing components, including traffic management, sorting, scheduling, accounting, and storage, to achieve a transaction confirmation time of 1ms. It adopts a hybrid PoA and PoS Consensus, where Mega Leaders can execute 1 million transactions per second and coordinate the verification process. Solayer also introduces sSOL and
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09:44

Ether's founder, Vitalik, generously donated 170,000 ETH to support Tornado Cash mixer developers in their legal battles.

Ether Square founder Vitalik Buterin donated 50 Ethercoin (about $170,000) on 12/31 to support the legal fees of Tornado Cash developers Roman Storm and Alexey Pertsev. Tornado Cash encountered numerous legal issues with the developers The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury added the mixer Tornado Cash to the list of Specially Designated Nationals and Blocked Persons (SDN) in August 2022, and accused Tornado Cash of being used by illegal actors such as North Korean hackers to obfuscate illicit sources of funds. Subsequently, the Dutch authorities arrested Tornado Cash developer Alexey.
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00:01
OFAC Overstepped Authority: Tornado Cash Case Redefines Tech-Law Boundaries Can immutable smart contracts become the target of sanctions? This is the core issue faced by the U.S. Fifth Circuit Court of Appeals in the Tornado Cash case. Yesterday, the court ruled that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) exceeded its authority in sanctioning Tornado Cash. This decision not only marks a victory for the plaintiffs but also sparks discussions about technological neutrality and the boundaries of law. The rise of blockchain technology has brought a revolution in privacy and decentralization, accompanied by regulatory challenges. When the privacy tool Tornado Cash became the focus of money laundering controversies, the U.S. Treasury imposed strict sanctions on it. However, the court pointed out that Tornado Cash’s immutable smart contracts do not align with the traditional legal definition of “property.” These smart contracts are decentralized, self-executing, and uncontrolled code, which cannot be owned or exclusively used. Therefore, listing them on the Specially Designated Nationals and Blocked Persons List (SDN List) was deemed beyond the scope of legal authorization.
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05:44

The future of the US presidential elections and the XRP SEC case: Why did Kamala Harris' donation attract criticism?

- Ripple CEO Brad Garlinghouse criticized the United States for its regulatory uncertainty. Garlinghouse noted that the US lags behind China and other countries in the cryptocurrency sector, and added that European countries such as France or Singapore, and countries in the Asia-Pacific region are more entrepreneurial and in a better position in this area. - Ripple partnered with Payments Network Malaysia Sdn Bhd (PayNet) located within the borders of Malaysia. PayNet has agreed with Ripple to conduct blockchain-based payments with financial institutions in the US, Saudi Arabia, UK, Singapore, and the United Arab Emirates via RippleNet. - Ripple continues its collaboration with SBI Ripple Asia, a subsidiary of major Japanese bank consortium SBI, to increase the use of XRP in the Asia-Pacific region. The company has also signed an agreement with Cassava Smartech in Thailand. As a result of this agreement, Ripple's payment technologies will be used in Thailand, which has a population of 23.6 million.
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23:59

Golden Finance Compilation: A List of Financing Information in the Past 24 Hours (October 23)

Block chain fund management solution Karpatkey receives $7 million in financing; DeFi platform Azura completes $6.9 million seed round financing, with Initialized as the lead investor; DMM Crypto completes a new round of strategic financing, with Neoclassic Capital as the lead investor; Hata Digital Sdn Bhd completes $4.2 million seed round financing, with Castle Island Ventures leading the investment.
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17:50
#SDN# is making a nice rise.
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07:00
Gate.io 24H Top 5 Volume Coins [2024/07/23] $ETH$: 429.62M $OAX$: 230.21M $FLOKI$: 229.4M $DAG$: 229.15M $SDN$: 228.87M 💎Find More: https://www.gate.io/trade
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01:00
Gate.io 24H Top 5 Volume Coins [2024/07/23] $ETH$: 491.9M $FLOKI$: 232.25M $OAX$: 230.21M $DAG$: 229.39M $SDN$: 228.87M 💎Find More: https://www.gate.io/trade
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00:55

BitOK experts explained the €9.3 million fine for Payeer

Payeer was fined €9.3 million for non-compliance with sanctions regimes and Lithuanian legislation for virtual asset service providers, according to BitOK experts. Regulators highlighted violations in customer verification and source of funds investigation. $35 million of Payeer's turnover was associated with the Russian exchange Garantex, included in the SDN list. Additionally, $40 million were linked to online exchangers serving clients from Russia and the CIS.
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09:35
Coin Network reports: Tether recently strengthened its compliance measures, freezing several wallets related to Venezuela's evasion of U.S. oil export sanctions. The move came after a detailed report was released by Reuters. Previously, Venezuela's state oil company PDVSA increased its use of USDT to bypass financial restrictions. In December, Tether voluntarily froze 41 Wallets associated with individuals on the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) list of Specially Designated Nationals (SDN). A Tether spokesperson confirmed the company's commitment to complying with OFAC's SDN list and continuing to freeze additional wallets suspected of evading sanctions. The escalation coincided with the reimposition of U.S. sanctions ahead of Venezuela's disputed elections.
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20:27
Venezuela is preparing to increase the reliance of one of its main industries on crypto and stablecoins payments. According to reports received by Reuters from three undetermined sources linked to PDVSA, the Venezuelan state-owned oil company, the government would be prepared to increase the amount of payments received in USDT, affected by the reinstation of unilateral U.S. sanctions against the country. General License 44A, issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on April 17, provides the framework for companies with contracts with PDVSA and other Venezuelan gas and oil companies to wind down their joint business. The license established that these operations must be completed before May 31. Reuters states that since last year, the company has started using USDT, a dollar-pegged stablecoin with a market capitalization of over $100 billion, as part of its accepted payment currencies. However, the upcoming reinstation of sanctions by the U.S. government has accelerated this process, with PDVSA shifting to a contract model that now demands more than half of each shipment’s payment to be made using USDT. In addition, PDVSA would require companies adopting this kind of contract to register into its internal database and offer proof that they have the cryptocurrency needed to complete the payments, according to another source. These precautions could derive from the recently uncovered money laundering and embezzlement scheme involving crypto payments for unregistered oil shipments. The scheme involved several former high-level members of the Venezuelan government, including former oil minister Tareck El Aissami and Joselit Ramirez, former head of the Venezuelan cryptocurrency watchdog Sunacrip, both currently arrested. While there is still no information on the amount of money embezzled and then laundered using crypto as a tool, earlier reports indicate that at least $20 billion was subtracted from the public treasury. The alleged usage of USDT to sidestep U.S. sanctions has stirred the cryptocurrency community for its implied consequences. However, Tether vowed to uphold U.S. sanctions when required. Tether respects the OFAC SDN list and is committed to working to ensure sanction addresses are frozen promptly. This, however, might be difficult, as experts signal that the use of USDT for these payments might imply the intervention of intermediaries outside the traditional organizational structure of oil companies. A trader told Reuters that these transactions “don’t pass any trader’s compliance department, so the only way it works is to work with a broker.”
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14:53
A spokesperson for Tether remains committed to halting transactions with Office of Foreign Assets Control (OFAC) sanctioned entities after reports that Venezuela's state-run oil company is using its stablecoin to circumvent sanctions, saying: "Tether respects the OFAC SDN list and is committed to ensuring that sanctioned Addresses are frozen immediately." ”(Cointelgraph)
SDN-3.01%
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22:26
#LTC# SDN NBOT FRIENDS Ads #BTC# #ETH# #SLERF# #SOL# #BOME# #NADA# % #ONDO# #SHİB# #DOGE# #WİF# #İQ50# % #AVAX# #İCP# #FİL# #FLOKİ# #KAS# #PEPE# % #XRP# #SUİ# #BABYDOGE# #KİSHU# #AİDOGE# #RNDR# #BNB# #ORDİ# #ARB# #FTM# #SNAP# #NEAR# #ZBU# #BONK#
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09:25
SDN is great
SDN-3.01%
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13:25
High: MCAP > $50M: $AXL $MAVIA $NYM $CQT Medium: MCAP $25M-$50M: $APX $CERE $NUM $PSTAKE $SDN Low: MCAP $10M-$25M: $PUSH $HOPR $MATH $SIS $GMEE $XRWA #crypto
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09:04
🌟 GateCharity will partner with Kuala Inspirasi to host the "Ekspedisi Bestari" event in Kuala Tongar, Indonesia on January 13-14. 🔆 It aims to drive educational and social impact, including dream exploration, science experiments, play-to-learn programs, and working with Lumahan village youth to improve economic empowerment. Inspire SDN 55/V students in Pasar Senin Village to create a transformative journey to improve education and community well-being! 📚 #全民教育# #社區影響# #GateCharity#
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