Tag: Cash

Roman Storm’s Early Passion for Code Led to Tornado Cash — and a Guilty Verdict

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Roman Storm, the Tornado Cash co-founder and developer, found an interest in computer software at a young age after his parents bought him a personal computer. Now, at 36 years old, he holds a guilty verdict for operating an unlicensed money-transmitting business, issued by a jury on Wednesday. He remains in limbo as prosecutors could still retry him on two additional felony counts: conspiracy to commit money laundering and conspiracy to violate US sanctions. Storm has always been drawn to “the more technical side of things,” he said on a…

Tornado Cash Developer Roman Storm Found Guilty of Operating Illegal Money Transfer Business

Key Notes Storm faces maximum 5-year sentence for conviction, significantly less than potential 20-year terms for dismissed charges. Verdict establishes precedent that non-custodial crypto services may qualify as Money Service Businesses requiring compliance. Ethereum Foundation and Paradigm invested $1.75 million total in Storm’s legal defense highlighting industry-wide concerns. This August 6th, the United States trial against Roman Storm, one of the developers and founders of Tornado Cash, has just ended after 4 weeks of jury deliberation to reach a verdict. The trial ended with the jury finding Storm guilty of…

Tornado Cash Co-Founder Is Found Guilty After 3-Week Trial

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A Manhattan jury found Tornado Cash co-founder and developer Roman Storm guilty of charges related to conspiracy to run an unlicensed money business. In a Wednesday decision in the US District Court for the Southern District of New York (SDNY), Storm was found guilty of one felony charge related to his role at Tornado Cash, according to court reports from Inner City Press. The jury convicted Roman on conspiracy to run an unlicensed money transmittal business, which carries a maximum sentence of up to five years in prison. No unanimity…

Warren Buffett Misses $850M in Bitcoin Gains by Sticking to Cash in H1 2025

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Key takeaways: Berkshire Hathaway has posted a headline profit of $12.3 billion in the second quarter of 2025, according to its latest filings. A closer look reveals a rougher story, however, especially when it comes to missed hedging opportunities from ignoring Bitcoin (BTC). Bitcoin could’ve softened Berkshire’s $4.60 billion equity loss The Warren Buffett-led conglomerate took a massive $5 billion impairment hit on its Kraft Heinz stake during the quarter, contributing to $4.60 billion in equity method investment losses for the year’s first half. Net earnings are down sharply from…

Hester Peirce Defends Crypto Privacy Amid Tornado Cash Trial

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US Securities and Exchange Commission (SEC) Commissioner Hester Peirce told an audience of blockchain researchers and practitioners on Monday that lawmakers and regulators need to protect people’s right to transact privately. Her comments come as Roman Storm’s Tornado Cash trial heads toward a verdict. Peirce said in a speech at the Science of Blockchain Conference that privacy-protecting technologies and the right to self-custody crypto should be safeguarded, along with the rights of developers of open-source privacy software, who shouldn’t be held responsible for how others use their code. “We should…

Bitcoin Cash Price Forecast: BCH Eyes $650 as Whale Transactions Drop to $200M

Key Notes BCH large transactions dropped from $900M in July to under $200M, indicating reduced whale participation during the price rally. The cryptocurrency closed at $560.70 with bullish momentum but faces resistance at $580-590 levels with potential upside to $650. Declining whale activity during price increases often signals bull-trap conditions due to limited institutional conviction and liquidity. Bitcoin Cash BCH $558.4 24h volatility: 2.4% Market cap: $11.11 B Vol. 24h: $288.72 M traded as high as $580 on Monday, Aug. 4, delivering 6% intraday gains amid a broad altcoin resurgence.…

Cash Isn’t Going Anywhere, ECB Says — But It’s Getting A Digital Twin

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

ECB Reaffirms Commitment to Cash as Digital Euro Advances

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As stablecoins and private digital currencies gain traction globally, the European Central Bank (ECB) doubled down on its commitment to keep public money, both physical and digital, at the core of Europe’s financial system. On Monday, ECB Executive Board member Piero Cipollone said in a blog post that euro banknotes and coins will continue to play a role in the financial ecosystem even if the central bank advances its digital euro plan.  “And rest assured: A digital euro will not replace banknotes and coins but rather complement them,” Cipollone said,…

Tornado Cash Co-Founder Faces Jury After Closing Arguments Wrap

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Jurors will now decide the fate of Roman Storm, co-founder of cryptocurrency mixing service Tornado Cash, after prosecutors and the defense delivered closing arguments on Wednesday. The closing arguments phase of a trial is when both sides summarize a case before a judge or jury, making their cases and trying one last time to persuade before the fact-finder goes off to deliberate. Storm is standing trial in the Southern District of New York in a case that could set a precedent for how much responsibility developers have for decentralized software…

Bitcoin Cash Price Surges Past $570 as Whale Accumulation Hits Highest Level Since July 4

Key Notes Whale investors accumulated 66,040 BCH on Tuesday, marking the highest single-day inflow since early July’s peak activity. Technical indicators show BCH trading near upper Bollinger Band resistance at $587, with potential targets at $615 if momentum sustains. Ethereum profit-taking is driving capital rotation into mid-cap altcoins like Bitcoin Cash, supporting continued upward pressure. Bitcoin Cash BCH $568.4 24h volatility: 1.1% Market cap: $11.32 B Vol. 24h: $286.28 M price surged past the $570 level on Wednesday, emerging as one of the few top 20 ranked altcoins posting intraday…