Tag: Cash

Tornado Cash case: crypto anonymity vs regulation 

The recent indictment of Tornado Cash developers brings the tension between crypto privacy and national security into sharp focus. What are the implications for the crypto world? One of the main issues affecting innovation is the potential for abuse by bad actors. Because of its pseudonymous nature, low cost, and ability to move vast sums, crypto has had its fair share of cases of misuse. Looking at the recent fiasco of Tornado Cash founders and the regulators, one could think that criminals are tipping the scales in the regulator’s favor. …

Tornado Cash alternative detailed in paper co-authored by Vitalik Buterin

Ethereum(ETH) co-founder Vitalik Buterin; core developer Ameen Soleimani; Jacob Illum of Chainalysis; and scholars Matthias Nadler and Fabian Schar have co-authored a research paper on a novel privacy protocol dubbed “Privacy Pools.” The paper presents a framework, positioning it as a potential successor to Tornado Cash, a privacy-centric service that recently came under regulatory scrutiny. Privacy Pools is a “smart contract-based privacy-enhancing protocol” designed to balance financial privacy and regulatory compliance. Using advanced cryptographic techniques like zero-knowledge proofs, the protocol verifies the legitimacy of user funds without revealing their complete…

Bitcoin Cash Traders Move Into Profit, But Can The Rally Continue?

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As the price of Bitcoin and the general crypto market has rallied, leading to a much-needed increase in price, Bitcoin Cash (BCH) investors are once again on a profitable path. The majority of investors are now in the green following its double-digit surge in the last week. But now the question posed is, will the price of BCH continue to maintain this surge? Bitcoin Cash Short And Long-Term Holders Enjoy Profits In a Thursday post, on-chain data tracking platform Santiment revealed that both short and long-term holders of Bitcoin Cash…

Bitcoin Cash Records Surprising 20% Rally

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Bitcoin Cash (BCH) and several prominent altcoins are experiencing an upward trajectory in their trading prices, attributed to a recent report indicating a favorable ruling by the US federal appeals court.  The court’s decision suggests that the US Securities and Exchange Commission (SEC) erred in its rejection of Grayscale’s application for a spot bitcoin exchange-traded fund (ETF).  This development has once again underscored the impact of positive regulatory news on the sentiment and valuation of the cryptocurrency market. Regulatory Reassurance Boosts BCH, Overall Market Confidence The crypto market has long…

Bitcoin Cash Price Could Restart Increase To $250 If It Breaks This Resistance

Bitcoin Cash price recovered from the $160 zone against the US Dollar. BCH might aim a fresh rally toward the $240 and $250 levels. Bitcoin cash price is consolidating above the $180 level against the US Dollar. The price is trading below $200 and the 100 simple moving average (4 hours). There is a key rising channel forming with resistance near $200 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair is likely to accelerate higher if it clears $195 and $200. Bitcoin Cash Price…

The Government Cabined Privacy Tech Long Before Tornado Cash

More recently, the government has gained much more insight and powers of preemptive surveillance into our financial lives. For example, with the enactment of the Bank Secrecy Act in 1970, financial institutions have to engage in record-keeping and reporting in order to assist the government in its efforts to prevent money laundering, and as a result, most of the information we provide to our banks can easily be viewed by the government. Source

Tornado Cash developer Roman Storm released on bail, lawyer says

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Roman Storm, the co-founder of the cryptocurrency mixing service Tornado Cash who was arrested on money-laundering and other charges on Aug. 23, was released on bail soon after he was detained by the United States Department of Justice (DOJ), his lawyer said. Storm’s lawyer, Brian Klein, took to X (formerly Twitter) on Aug. 24 to announce that Storm had been released on bail. Klein noted that he still remains “very disappointed” about the fact that the prosecutors charged the developer just because he helped to develop software. He added: “Their…