Since the Department of Justice (DOJ) filed its legal opposition to the pretrial motions of Tornado Cash developers Roman Storm and Roman Semenov, there has been a buzz within the cryptocurrency community regarding specific aspects of the court filing. A key point raised by the prosecutors is their belief that the definition of “money transmitting” […] Source CryptoX Portal
In a notable development, the U.S. Department of Justice (DOJ) has countered a motion to dismiss the criminal charges against Roman Semenov, a developer of the cryptocurrency mixing service Tornado Cash, highlighting the alleged strength of its case in a recent court submission. Prosecutors Assert Strong Evidence Is Coming in Tornado Cash Laundering Case The […] Source CryptoX Portal
The DOJ charged Storm, alongside fellow developer Roman Semenov, with conspiring to commit money laundering, conspiring to operate an unlicensed money transmitter and conspiring to violate sanctions law by creating and operating Tornado Cash, a crypto mixing service designed to anonymize transactions. North Korea’s Lazarus Group and other criminal entities have laundered funds through Tornado Cash, U.S. authorities have alleged. Source
The tool, called Bitcoin Conversions, will set eligible Square users up with a dedicated Cash App account programmed to receive 1% to 10% of their store’s revenues, which will then be converted on their behalf into BTC, which can then be held, sold or transferred “as they see fit.” The service will be limited to sole proprietors or single member LLCs until a full rollout to Square customers in the coming months. Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Koala Coin gains momentum in its presale alongside robust performances from Bitcoin Cash and Injective Protocol. Koala Coin (KLC) progresses through its initial presale stage, currently priced at $0.014, offering a blend of humor and finance. This approach aims to engage a growing community interested in the unique combination of investment potential and cultural appeal. The unique offering of Koala Coin Koala Coin, emerging at the intersection of…
New Zealand’s CBDC is undergoing a multi-stage and multi-year process, and the country has not decided to issue one yet, the consultation paper said. It would be denominated in New Zealand dollars, swappable 1:1 with physical cash, and would be available 24/7. Source
Bitcoin changed hands at $70,700 at press time, representing a 67% year-to-date gain, CryptoX data shows. Prices recently surpassed the 2021 peak, reaching fresh record highs above $73,000 well before halving. Historically, new highs have come months after halving. Source CryptoX Portal
One of Bitcoin’s most popular forks completed its halving roughly two weeks ahead of BTC’s quadrennial change slated for later this month. Bitcoin Cash (BCH) gained a 10% price increase in 24 hours following its halving today and was one of the top gainers among cryptocurrencies as the markets lulled. Following the event, BCH climbed as high as $660 per CoinMarketCap. Despite the price hike, BCH traded 84% below its $4,355 all-time high, which it reached six years ago in 2017. Like the Bitcoin (BTC) halving, BCH’s mining reward was…
Bitcoin Cash (BCH) experienced a notable fluctuation in its value surrounding its most recent block reward halving, initially dropping to $565 just before the halving but later recovering to around $676, marking an 11% increase for the day and nearly 20% for the week. The halving event, which reduced the reward for Bitcoin Cash miners […] Original
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