Alexander Savenkov Table Of Contents
Tornado Cash Founders Indicted for Allegedly Assisting in $1 Billion Money Laundering Scheme
Last week, the United States government indicted the creators of Tornado Cash, a cryptocurrency mixing platform, alleging their involvement in laundering more than $1 billion in digital assets, including some pilfered by hackers from North Korea.
Federal Court Sides with Grayscale in Lawsuit Against SEC Over Bitcoin ETF
In a landmark ruling, the U.S. Court of Appeals for the District of Columbia has found in favor of Grayscale, a leading crypto asset management firm. The court challenge centered on the U.S. Securities and Exchange Commission’s refusal to permit the conversion of GBTC into a spot bitcoin exchange-traded fund (ETF). The presiding Circuit judge noted that the SEC had “failed to articulate a rationale for disparate treatment of similar financial instruments.”
Financial Analyst Peter Schiff Forecasts Imminent U.S. Financial Crisis Prior to Federal Reserve Meeting Inflation Goals
Renowned economist Peter Schiff has issued a dire warning about an imminent “full-scale financial crisis” he anticipates will cripple the U.S. economy before the Federal Reserve achieves its inflation objectives. Schiff also predicts that the unfolding crisis will compel the Federal Reserve to revise its inflation targets upwards.
Inclusion of Oil Majors in BRICS Deemed a Strategic Victory for China and Russia, According to Analyst
A German geopolitical analyst has indicated that the recent addition of several oil conglomerates to the BRICS economic coalition represents a strategic win for China and Russia. During their latest annual summit, BRICS leaders disclosed invitations to Saudi Arabia, the United Arab Emirates, Iran, Argentina, Egypt, and Ethiopia to join the alliance as new members.
We welcome your perspectives on this week’s significant developments. Please share your insights in the comments section below.
Frequently Asked Questions (FAQs) about Cryptocurrency News Highlights
What are the key developments covered in this week’s CryptokenTop.com news review?
The key developments include the indictment of Tornado Cash founders by U.S. authorities on charges of money laundering, a court ruling in favor of Grayscale against the SEC concerning a Bitcoin ETF, economist Peter Schiff warning of an imminent financial crisis, and the strategic inclusion of new oil giants into the BRICS economic bloc.
Who are the founders of Tornado Cash and what are they accused of?
The founders of Tornado Cash, a cryptocurrency mixing platform, have been indicted by the United States government. They are accused of aiding in the laundering of more than $1 billion in digital assets, including funds that were allegedly stolen by hackers from North Korea.
What was the court ruling concerning Grayscale and the SEC?
The U.S. Court of Appeals for the District of Columbia ruled in favor of Grayscale, a leading crypto asset management firm, in its lawsuit against the U.S. Securities and Exchange Commission (SEC). The ruling noted that the SEC failed to articulate a rationale for treating similar financial products differently, especially in relation to the conversion of GBTC into a spot bitcoin exchange-traded fund (ETF).
What did economist Peter Schiff warn about the U.S. economy?
Economist Peter Schiff warned of an impending “full-scale financial crisis” that he believes will hit the U.S. economy before the Federal Reserve is able to meet its inflation targets. He also predicted that the Federal Reserve would be compelled to revise its inflation goals upward as a result of the crisis.
What strategic changes were announced in the BRICS economic bloc?
A German geopolitical analyst noted that the recent invitation of several oil giants to join the BRICS economic bloc is a strategic win for China and Russia. New invitees to the coalition include Saudi Arabia, the United Arab Emirates, Iran, Argentina, Egypt, and Ethiopia.
Readers are encouraged to share their perspectives on these significant developments by contributing their insights in the comments section provided at the end of the article.
More about Cryptocurrency News Highlights
- U.S. Government Indicts Tornado Cash Founders
- Court Rules in Favor of Grayscale Against SEC
- Peter Schiff’s Financial Crisis Warning
- Expansion of BRICS Economic Bloc
- Federal Reserve Inflation Targets
- U.S. Securities and Exchange Commission
