Wow. The US Treasury Dept. today announced it is lifting sanctions on Tornado Cash, a cryptocurrency mixing service that state-sponsored hackers from North Korea have been massively using to launder their stolen billions.
"Based on the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments, we have exercised our discretion to remove the economic sanctions against Tornado Cash as reflected in Treasury’s Monday filing in Van Loon v. Department of the Treasury."
https://home.treasury.gov/news/press-releases/sb0057
h/t to nostr:nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqs0j6fh5yzkqxr5jn9tlrch23fn8a743vgzfcqgx6wrakuj2nv5ksa96hn4 for the heads up. Weaver said: "The US government has just said "money laundering is legal as long as the process is automated."
"Every wei that flows through Tornado Cash, even if 'legitimate,' is helping the North Korean nuclear regime by hiding illegitimate flows," Weaver told me.
Here's Treasury sanctioning Tornado Cash in 2022: https://home.treasury.gov/news/press-releases/jy0916
The sanctioning protocol doesn't make sense. Either sanction the individuals operating it or just shut it down.
How long before Boston Dynamics stops making their robot do parkour for YouTube clout and actually puts it to work?
these are probably "few humans" needed investments (robotics, data centers)
The West is struggling, and double standards are part of the reason why. Humanism truly matters, and so does proportionality, they’re not just empty words.
Whales are hoarding Bitcoin, hyping it up to trick the smaller players. Retail investors neither own nor need Bitcoin.
#bitcoin
Seems like just another meme coin from that guy.
#memecoin
Bitcoin isn’t being stopped since it’s considered a commodity or stock rather than money. However, transactions are closely monitored, and mixers are restricted to prevent money laundering. Bitcoin does not pose a challenge to the dollar.
#bitcoin
It was evident that someone profited millions from that endorsement and promotion, which, in an alternate reality, would have resulted in SEC sanctions.
#crypto
$ADA
$SOL
$XRP
Real shame
#Tesla’s shares were down 4.6% at 11:53 on Friday, on track to erase their entire $700 billion post-election advance—Bloomberg https://www.bloomberg.com/news/articles/2025-03-07/tesla-erases-700-billion-trump-bump-as-sales-slide-globally
Tesla would go bankrupt if Chinese electric vehicles were permitted to enter the U.S. market.
#tesla
As long as powerful states exist, Bitcoin and other cryptocurrencies can never become the future of money. It is an illusion to think otherwise, as strong governments will not and cannot permit the circulation of money-like assets beyond their direct control.
#bitcoin
"A senior FEMA official, fired by the Trump administration, is suing saying she's been falsely smeared as illegally funding hotels for migrants in NYC. Her firing violates the law and right to due process, she argues."
-K Cheney
#USPol #Immigrants #FEMA #Trump #Lies #DueProcess #Fascism #Lawsuit #Justice #Firings
https://storage.courtlistener.com/recap/gov.uscourts.dcd.278033/gov.uscourts.dcd.278033.1.0.pdf


strange that she didn't mention anything about the supposed payment.
We retired to Greece without a big, fat pension and live comfortably on £1,650 a month in a house with a pool https://www.byteseu.com/793202/ #Greece #mailplusmoney #money #thisismoney

£1,650 a month pension is a big, fat pension.
Blockchain remains immutable unless the majority decides otherwise. If they choose to roll it back, it will be reversed, as was the case with Ethereum. The majority has the final say.
#blockchain
What is this insect and why do i see it often in my apartment? https://www.byteseu.com/754400/ #Deutschland #Germany

silverfish? they are ok. ignore it.
…and some money from your parents, but don’t mention it.
#meritocracy
Putin is capable of attacking NATO country ‘next year,’ Zelenskyy warns – POLITICO https://www.byteseu.com/744351/ #DonaldTrump #Europe #Military #NATO #Russia #Ukraine #UnitedStates #VladimirPutin #VolodymyrZelenskyy #War #WarInUkraine

I don't understand. Russia is having trouble taking a small village in eastern Ukraine, so how could it be prepared to attack NATO countries? There seems to be a gap between these claims and the reality on the battlefield.
#NATO
#Russia
#Ukraine
#EU
Laid-off Meta employees blast Zuckerberg in forums for running the ‘cruelest tech company out there’ https://www.byteseu.com/742817/ #Technology

“Be careful about joining this company. Zuck doesn’t care about his employees. Only the company,” they wrote."
Did these people just wake up? It's 2025, and only now you're saying that Meta/Facebook isn't a healthy place?
#meta
It's true that, to some extent, university administrations started abusing the federal government's goodwill.
#NIH