Tag: Cash

Coinbase announces futures trading expansion for Dogecoin, Litecoin, and Bitcoin Cash

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Crypto exchange Coinbase has announced its plan to launch futures trading products for Dogecoin, Litecoin, and Bitcoin Cash, potentially as early as April 1. The latest move was detailed in three separate communications to the United States Commodity Futures Trading Commission (CFTC) on March 7. Through the initiative, Coinbase Derivatives aims to offer cash-settled futures contracts for these cryptocurrencies on its platform, possibly before obtaining formal approval from the CFTC. The exchange plans to utilize a “self-certification” process, asserting that the futures contracts will comply with regulatory standards set by…

Dutch Prosecutors Reportedly Charge Tornado Cash Developer With Money Laundering

Alexey Pertsev, a developer for Tornado Cash, has reportedly been indicted by prosecutors in the Netherlands. They accuse him of laundering $1.2 billion. Pertsev’s attorney confirmed the prosecutors’ intent to charge his client. According to Dutch prosecutors, while a crypto-mixing service is not “inherently illegal,” using it to launder criminal assets is punishable. Dutch Prosecutors […] Source CryptoX Portal

Lazarus Group taps Tornado Cash to launder Heco Bridge, HTX hack proceeds

North Korea’s hacker organization Lazarus is using Tornado Cash again despite U.S. sanctions against the popular cryptocurrency mixer.  Blockchain analytics startup Elliptic reported on March 14 that Lazarus funneled $12 million into the Ethereum-based crypto tumbler. The funds, denominated in Ether (ETH), originated from a November hack on Justin Sun’s HTX and the exchange’s cross-chain solution, Heco Bridge.  According to Elliptic and several other on-chain security firms, Lazarus orchestrated a $100 million attack on the two platforms last year. The funds remained dormant until March 13, when North Korea’s infamous…

North Korean Hackers Used Tornado Cash to Launder $12M From Heco Bridge Hack: Elliptic

Tornado Cash was hit by U.S. sanctions in August 2022. This spurred Lazarus Group to use another mixer, Sinbad, to obfuscate their ill-gotten gains. However, Sinbad itself was seized by U.S. authorities in November, prompting Lazarus to make the shift back to Tornado Cash, Elliptic said in its blog post. One of Tornado Cash’s founders, Roman Storm, was arrested last year and is awaiting trial on money laundering charges. Another, Roman Semenov, has been charged but has yet to be arrested. Source

Bitcoin Mega Whale Resurfaces, JPMorgan Expects BTC Price to Drop, Bitcoin Cash Soars 40%, and More — Week in Review

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A significant bitcoin “mega whale” moved 3,000 vintage bitcoins from 2010 as BTC peaked at $69,210. JPMorgan predicted a post-halving drop in bitcoin’s price to $42,000, citing current euphoria levels. Meanwhile, bitcoin cash experienced a 40% surge in anticipation of its halving event and a major 2024 upgrade. Additionally, rumors circulated about a Qatari billionaire’s […] Original

Bitcoin Cash and Bitcoin bullish; NuggetRush set for gains

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Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. Bitcoin Cash and Bitcoin are bullish. Presently, BTC is trading above $62,000. The NuggetRush presale has already distributed 203 million NUGX. Bitcoin Cash approaching $300 Bitcoin Cash is trading at around $290, up from around $234.25 recorded on Jan. 31. BCH climbed by 6.8% to $250.30 on Feb. 9 before an 18.5% climb to $296.79 on Feb.…