• The Department of Justice (DOJ) charged a Nevada man for his involvement in a $45 million cryptocurrency scam.
• The U.S Treasury sanctioned the Tether address of Huriya’s CEO over its connections with Russia.
• Cardano’s Hoskinson has called Ethereum Classic ’scam‘ after Ergo was excluded from the Proof-of-Work Summit.

DOJ Charges Man Involved in $45M Crypto Scheme

The Department of Justice (DOJ) recently charged a Nevada man for his involvement in a cryptocurrency scheme that defrauded investors of more than $45 million dollars. According to the DOJ, the defendant used fraudulent tactics to solicit investments in CoinDeal, which turned out to be a Ponzi scheme.

Treasury Sanctions Tether Address Over Russia Connections

The U.S Treasury recently imposed sanctions on the Tether address belonging to Huriya’s CEO due its connections with Russia’s financial system. The move is intended to pressure Moscow into curbing activities that could undermine U.S interests and international law enforcement efforts against money laundering and terrorism financing.

Worldcoin Faces Privacy Concerns

Privacy concerns have arisen regarding Worldcoin as an iris scan black market has emerged for biometric verification purposes. This means that individuals can purchase false identities using biometric data obtained through illegal means, such as stolen iris scans, raising questions about how secure Worldcoin truly is when it comes to protecting user privacy and preventing fraud and other nefarious activities.

Cardano’s Hoskinson Calls Ethereum Classic ‚Scam‘

Cardano’s founder Charles Hoskinson recently called Ethereum Classic ‘a scam’ after Ergo was excluded from the Proof-of-Work Summit held earlier this year by Ethereum Classic developers without explanation or justification given their use case being superior to other projects present at the event. He suggested that ETC developers are manipulating markets and engaging in deceptive practices with their own coin instead of focusing on delivering value propositions for users and businesses alike like most other cryptocurrencies do today.

Tether & KriptonMarket Partnership Allows Argentinian Businesses To Accept USDT

Tether has partnered with fiat on/off ramp solution KriptonMarket allowing local businesses in Argentina to accept payments in USDT instead of traditional currency which is facing sky high inflation right now due to economic turmoil faced by citizens since last year resulting in people slowly losing their savings month after month due to rising prices so this new partnership will give them much needed relief as well as access stable payments services via crypto even if they don’t understand or hold crypto themselves directly