An ‘OFAC-compliant’ bitcoin miner revives debate about transaction censorship

But understanding this controversy means understanding the growing intersection between bitcoin, an open transaction network, and the U.S.

In recent years, OFAC has become more and more assertive by adding crypto wallet addresses to its Specially Designated Nationals list as cyber-attacks become more central to national security.

Yet for a mining operation, that becomes an issue of checking wallets at velocity.

For comparison, the two adjacent blocks earned  $17,478 and $17,528 in miner rewards and processed 1,180 and 1,096 transactions, respectively.

Beyond simple issues of throughput, extending these types of wallet checks has been extremely contentious among the crypto industry.

As a result, the crypto industry was quick to dogpile on MARA Pool and its newly minted block.

Trading for Marathon on Nasdaq has slipped from $36.71 on April 30 to $31.40 today.

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