US, UK Investigate $20 Billion of Crypto Transfers To Garantex Russian Exchange

According to Bloomberg, the U.S. and U.K. are investigating more than $20 billion worth of USDT transactions that have passed through Garantex, a Russia-based crypto exchange. Milk Road reports: If confirmed, the $20 billion in transactions would represent one of the most significant breaches of the sanctions imposed on Russia since the conflict began. However, the sources cautioned that the inquiries are ongoing and that it is too early to draw conclusions given the complexity of crypto transactions. They also noted that there was no immediate suggestion of wrongdoing by Tether. Key points: - The transactions under scrutiny were conducted using Tether (USDT). - The US and UK sanctioned Garantex on suspicion of facilitating financial crimes and illicit transactions in Russia. - The $20 billion USDT transactions would represent one of the biggest breaches of sanctions imposed on Russia since the start of the war. - Tether froze assets of entities on the U.S. sanctions list.

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Linux Foundation Launches Valkey As A Redis Fork

Michael Larabel reports via Phoronix: Given the recent change by Redis to adopt dual source-available licensing for all their releases moving forward (Redis Source Available License v2 and Server Side Public License v1), the Linux Foundation announced today their fork of Redis. The Linux Foundation went public today with their intent to fork Valkey as an open-source alternative to the Redis in-memory store. Due to the Redis licensing changes, Valkey is forking from Redis 7.2.4 and will maintain a BSD 3-clause license. Google, AWS, Oracle, and others are helping form this new Valkey project. The Linux Foundation press release shares: "To continue improving on this important technology and allow for unfettered distribution of the project, the community created Valkey, an open source high performance key-value store. Valkey supports the Linux, macOS, OpenBSD, NetBSD, and FreeBSD platforms. In addition, the community will continue working on its existing roadmap including new features such as a more reliable slot migration, dramatic scalability and stability improvements to the clustering system, multi-threaded performance improvements, triggers, new commands, vector search support, and more. Industry participants, including Amazon Web Services (AWS), Google Cloud, Oracle, Ericsson, and Snap Inc. are supporting Valkey. They are focused on making contributions that support the long-term health and viability of the project so that everyone can benefit from it."

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