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U.S. Treasury Investigates $165M in Potential Crypto Transactions Linked to Hamas
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has reported that financial institutions have flagged $165 million in potential cryptocurrency transactions that may be connected to the Palestinian militant group Hamas. According to the WSJ, in a letter that he signed, Deputy Treasury Secretary Adewale Adeyemo disclosed the findings. The findings were based on......
Binance Reveals Extensive Cooperation with Nigerian Authorities Amid Turmoil
In a blog post on March 13, leading cryptocurrency exchange Binance shed light on its substantial cooperation with Nigerian authorities. This is in response to the recent turmoil surrounding its operations in the country. The exchange's disclosure comes amidst allegations of currency manipulation and calls for a ban on crypto exchanges by the Nigerian government.......
Ethereum Completes Dencun Upgrade: ETH Drops Below $4,000
Ethereum, the world's second-largest blockchain network, has successfully implemented a significant software upgrade aimed at reducing costs for users of its ecosystem. The Dencun upgrade is expected to have a profound impact on the end-user experience and drive the development of new applications and free services. Key highlights: Dencun upgrade to lower expenses for Layer......
🥛 Crypto Taxes 101 📖
Milk Road is the daily newsletter that makes you smarter about important and interesting developments in crypto - all in under 5 minutes a day. Interested in reaching smart readers like you? Sponsor Milk Road.GM. This is Milk Road. We present crypto news like a gourmet meal – a feast for your mind, no reservation......
Crypto Mixing Service Bitcoin Fog Founder Convicted of $400M Money Laundering
A Washington federal court jury has found Roman Sterlingov, 35, the founder of crypto mixing service Bitcoin Fog, guilty of money laundering. Key Points: Roman Sterlingov was found guilty of helping to launder tens of millions of dollars from darknet markets. Govt claims Bitcoin Fog processed $400 million in transactions. Sterlingov faces up to 20......
🥛 Ethereum’s big upgrade is tomorrow 👀
Today’s edition is brought to you by RYSE - the shade automation device that is making a splash and launching in 100+ Best Buys this week.Earn bonus shares when investing in RYSE!GM. This is Milk Road. We make crypto news easy to read and hard to put down.Here’s what we got for you today:Ethereum’s big......
EU Parliament Approves Stricter Rules to Combat Sanctions Including Crypto
The EU Parliament has taken a significant step towards cracking down on sanctions violations with new legislation. These include those facilitated through cryptocurrencies by the approval of a new set of rules on Tuesday. The move comes in response to growing concerns over the circumvention of EU financial sanctions on Russia following its invasion of......
VanEck Drops Bitcoin ETF Fees to Zero Until 2025
VanEck has announced that it will temporarily waive the fee for its spot Bitcoin ETF, HODL, until March 31, 2025. The decision, announced via X, comes as VanEck's fund trails behind its competitors in terms of assets under management (AUM). Key points: VanEck temporarily drops the fee to zero for its spot Bitcoin ETF, HODL.......
MicroStrategy’s Michael Saylor Predicts Bitcoin to “Eat Gold”
MicroStrategy executive chairman Michael Saylor boldly predicted Bitcoin dethroning gold as a store of value asset during a CNBC interview Monday. His comments came on the heels of the firm disclosing purchases of about 12,000 additional Bitcoin. Key details: Sees Bitcoin's ease of transport and other technical advantages boost its appeal compared to traditional gold.......
🥛 Crypto’s BIG week ahead… 👀
Today’s edition is brought to you by Consensus – join the community of developers, investors, founders, brands, policymakers, and more who are taking crypto from the margins to the mainstream at the 10th annual Consensus, May 29 - 31 in Austin, Texas.Use code MILKROAD for 20% off.GM. This is Milk Road. We’re like your morning......
