Tag: Cash

Mt. Gox to start Bitcoin, Bitcoin Cash repayments in July

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The trustee of the failed crypto exchange Mt. Gox wrote in the latest notice that repayments in Bitcoin and Bitcoin Cash will start in July. Mt. Gox, once the world’s largest Bitcoin exchange, seems to be set to finally begin repaying its creditors 142,000 BTC, 143,000 BCH, and ¥69 billion (around $432 million) nearly a decade after its collapse. The trustee of the failed crypto exchange Mt. Gox, Nobuaki Kobayashi, wrote in the latest notice that repayments in Bitcoin (BTC) and Bitcoin Cash (BHC) will commence in early July 2024,…

Innovative Block Size Upgrade Takes Spotlight at Bitcoin Cash Bliss Conference

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Following the BCH Bliss conference, a focal event for Bitcoin Cash enthusiasts held May 14-15 in Ljubljana, Slovenia, Jonathan Silverblood introduced a Bitcoin Cash Podcast on X, featuring a collection of tracks from the event. This gathering also celebrated the “Jessica” upgrade, which launched the network’s innovative adaptive block size limit. BCH Bliss 2024: A […] Original

Binance Discontinues Cash Payment Option for P2P Crypto Trades in India

Binance users in India can no longer avoid tax payments by making cash deposits for P2P trades as the exchange has suspended this option. Major crypto exchange Binance has blocked the use of cash payments for peer-to-peer (P2P) cryptocurrency trades in India. Local users can no longer buy or sell supported cryptocurrencies by depositing or receiving cash payments. Binance P2P Users in India Cannot Use Cash Anymore Before now, Binance allowed Indian traders to use an escrow option that allows users to close transactions after cash has been received or…

Block Subsidiary, TBD, Partners With Chipper Cash for Quicker, More Affordable Remittances

TBD, a subsidiary of Block, owned by Jack Dorsey, has formed a partnership with Chipper Cash, an Africa-focused fintech company. This partnership aims to expedite consumer remittances and make them more affordable. According to a statement, Chipper Cash plans to use the decentralized exchange protocol of TBD. This will enable trusted transactions that comply with […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months for Money Laundering

A Dutch court has sentenced Tornado Cash developer Alexey Pertsev to five years and four months in prison for laundering $2.2 billion through the cryptocurrency mixing service. The case represents a pivotal moment for decentralized finance (defi) regulation and crypto privacy. Dutch Court Imprisons Tornado Cash Developer for $2.2 Billion Money Laundering via Crypto Mixing […] Source CryptoX Portal

The Hard Truths and Worrying Consequences of the Tornado Cash Verdict

Indeed, part of Pertsev’s defense was acknowledging that, even if money laundering was happening, because the protocol operated like a robot on a blockchain and users always maintained “exclusive control” over their funds, if anyone is to blame it is the users themselves. This is to say nothing that Tornado’s devs did maintain a frontend, through which 90+% of users went through. Source