Back in August, OFAC said it was “targeting crypto exchanges facilitating the transfer of funds to Iran’s Islamic Revolutionary Guard Corps”. OFAC (Office of Foreign Assets Control) is a department of the US Treasury.
Scott Bessent (US Treasury Secretary) is the man in charge. Scott reckons they
“probably gonna seize a billion dollars of crypto this week”
….as part of the US crackdown on Iran.
Bitcoin seized become part of the US Bitcoin Strategic Reserve? The altcoins go in the stockpile? What happens to any seized USDT?
- use it to buy Bitcoin?
- do stables also get stockpiled?
- or do they get sold?
NOTE: Tether had reported that it had frozen $550 million worth of USDT in 2026 as part of US authorities’ sanctions on Iran
Disclaimer: the BSR and stockpile are both works in progress
Maybe that is how El Salvador has been able to circumvent the IMF Bitcoin accumulation restrictions.
Magic internet donations.
Brasil comes to an end
Left Rio yesterday. Have taken the scenic route.
Rio ➡️ Sao Paulo ➡️ Capetown ➡️ J-burg ➡️ Home
Last three legs are with South African Airlines, who are Star Alliance partners. And I have Gold from doing FiFo. Get to use the SAA lounge
- freshen up (shower)
- eat something other than bread ham n cheese or beans and rice.
- proper flush toilet, no poo buckets to contend with
- private suites and
- focus rooms
Support Your Local Bloggers Grandson Stacking Sats
Solpick.io offers their faucet, surveys and gaming. You can level up by earning from surveys or wagering. Been using for over a year and had no problem withdrawing to exchanges or the Ledger Nano. Allows 5 free withdrawals per day, minimum of 0.00250000 SOL per withdrawal.
https://solpick.io/?ref=VEH2024
The other Solana faucet we use daily is
https://solfaucet.togatech.org/
This the “first-ever Solana mainnet faucet”. 0.00001 SOL paid each day to your wallet, no strings attached. Only pays to wallets that have the minimum rent-exempt balance of 0.00089088 SOL (does that count as an attached string?)
