US Sanctions Iran-Linked HormuzSafe, Cites Bitcoin Payments

The US Treasury has sanctioned two Iranian maritime firms involved in an alleged Islamic Revolutionary Guard Corps (IRGC)-backed insurance network, saying one accepted Bitcoin (BTC) and other digital assets to bypass Western sanctions.  On Wednesday, the Treasury’s Office of Foreign…

Luno Cuts 20% of Staff as Crypto Layoffs Widen in July

Crypto exchange Luno is reportedly cutting about 20% of its global workforce as it restructures operations and shifts more resources toward institutional clients, financial infrastructure and business-to-business services.  According to a Bloomberg report on Tuesday, Luno CEO James Lanigan said…