28th March- Crypto & Coffee at 8 Larry Fink’s statement on BlackRock Ether ETF Gaza Now sanctioned Kucoin outflow Tornado Cash update
BlackRock CEO Larry Fink stated that despite potential regulatory scrutiny if Ethereum’s ether is designated as a security by the U.S. Securities and Exchange Commission (SEC), BlackRock could still consider listing an ETF that includes ether. Fink made these comments during an interview on Fox Business. He suggested that even if ether were classified as a security, Blac...
28th March- Crypto & Coffee at 8
Larry Fink’s statement on BlackRock Ether ETF Gaza Now sanctioned Kucoin outflow Tornado Cash update
BlackRock CEO Larry Fink stated that despite potential regulatory scrutiny if Ethereum’s ether is designated as a security by the U.S. Securities and Exchange Commission (SEC), BlackRock could still consider listing an ETF that includes ether. Fink made these comments during an interview on Fox Business. He suggested that even if ether were classified as a security, BlackRock might proceed with an ETF for it, similar to their bitcoin ETF introduced Eight potential issuers, including BlackRock, have submitted filings with the SEC to bring a spot ether exchange-traded fund (ETF) to the market. The final decision by the regulator is due on 23rd May Info via
CoinDesk https://tinyurl.com/yj5rcx98
The Bitcoins movement was the separation of Money and the State- Has the role of the state been replaced by BlackRock?
Gaza Now and its founder, Mustafa Ayash, were sanctioned by the U.S. and the U.K. for facilitating crypto donations to Hamas post an October 7 attack in Israel. Elliptic found Gaza Now received $21,000 in crypto donations. Most donations, per TRM Labs, are under $500. OFAC and the U.K.’s Office of Foreign Sanctions Implementation listed crypto addresses linked to Gaza Now’s fundraising. This follows sanctions against other entities supporting Hamas, like Buy Cash in October 2023. The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) and the U.K.’s Office of Foreign Sanctions Implementation also issued sanctions against Gaza Now’s founder, Mustafa Ayash Official info here https://tinyurl.com/dd6rhbes
Can Ehereum validators produce these blocks? If yes what are the consequences?
KuCoin has experienced a net outflow of over $780 million across multiple chains in the past 24 hours following charges lodged against it by the U.S. Department of Justice. The outflow is a result of a total outflow of $882 million and an inflow of $99 million, resulting in a net outflow of $783 million. The exodus from KuCoin comes after the DOJ indictment and allegations of violating anti-money laundering laws. Info via The Block here https://tinyurl.com/a7mmxp6s
Whale Alert also mentioned via Twitter 2T SHIB Leaves KuCoin Amid Mounting Legal Troubles https://tinyurl.com/7a6zwn3p
Dutch prosecutors are seeking a 64-month jail sentence for Alexey Pertsev, the developer of Tornado Cash, in a money laundering trial. The verdict is expected on May 14 after a two-day trial held in the ‘S-Hertogenbosch court. Pertsev is accused of laundering $1.2 billion through Tornado Cash between July 9, 2019, and Aug. 10, 2022. He was initially jailed in the Netherlands in August 2022, shortly after Tornado Cash was blacklisted by the U.S. Treasury, which alleged links to the Lazarus Group, responsible for a $625 million hack of Axie Infinity’s Ronin Network. The trial’s outcome could have broader implications for how developers of open-source projects are treated in courts worldwide.
Two UAE news ( See slides)
Saudi Arabia — Outlier Ventures and The National Technology Development Program launch Web3 Accelerator Partnership
Dubai Trade to leverage AI for better efficiency
For slides click here https://tinyurl.com/2tyfutp5
LinkedIn Profile: https://tinyurl.com/bdeevbru
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