Tag: Cash

Judge favors Treasury in Coinbase-backed lawsuit over Tornado Cash sanctions

A district court judge sided with the U.S. Treasury Department in a lawsuit that involves Coinbase and sanctions imposed on crypto mixer Tornado Cash. The decision came as a blow to six plaintiffs who had challenged the agency’s authority in imposing the sanctions on Tornado Cash last year. Tornado Cash is a software, plaintiffs say According to an Aug. 17 filing, district court Judge Robert Pitman granted a summary judgment in favor of the Treasury Department, thereby rejecting the motion brought forward by plaintiffs Joseph Van Loon, Tyler Almeida, Alexander…

Tornado Cash lawsuit judge sides with US Treasury in motions for summary judgment

boss

A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in a lawsuit concerning Tornado Cash brought by six individuals backed by crypto exchange Coinbase. In an Aug. 17 filing in the U.S. District Court for the Western District of Texas, Judge Robert Pitman denied a motion filed in April by plaintiffs Joseph Van Loon, Tyler Almeida, Alexander Fisher, Preston Van Loon, Kevin Vitale and Nate Welch requesting partial summary judgment in a case over controversial mixer Tornado…

Tether discontinues USDT support on Bitcoin, Kusama, and Bitcoin Cash

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether has announced modifications to its USDT issuance strategy, discontinuing support on the Bitcoin, Kusama, and Bitcoin Cash while indicating potential future collaborations. Tether, the issuer of the stablecoin USDT, has announced significant changes to its support on various blockchains. After an extensive evaluation focusing on security, customer service, regulatory compliance, and overall oversight, Tether halted support for USDT on the Bitcoin(BTC), Kusama(KSM), and Bitcoin Cash(BCH) platforms. The company cited insufficient traction as the primary reason,…

Quant, Bitcoin Cash, and Pomerdoge on demand, POMD presale in progress

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto investors frequently select various portfolios depending on the potential outcomes of different projects. In recent months, popular options for diversification include Quant (QNT), Bitcoin Cash (BCH), and Pomerdoge (POMD). Quant holds firm amid market shifts QNT is an ERC-20 token that primes the Quant Network. After the project launched in 2018, QNT rallied in 2021 but fell in 2022, and is currently stable. Even so, investors are bullish.  QNT is down 2% in the past…

Crypto Lender Maple Finance Opens Cash Management Pool for U.S Investors

Demand for blockchain-based T-bill offerings has been steadily rising as the yield on U.S. government debt, widely considered as risk-free, surpassed yields in decentralized finance (DeFi). Digital asset firms, crypto investment funds and protocol treasuries often hold substantial amount of cash in stablecoins. Tokenized Treasuries offer them a shield from inflation and a way to earn some yield. Source

 Bitcoin Cash and Ethereum Classic losing to Tradecurve in 2023

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the constantly changing world of cryptocurrency, investors prioritize the durability of crypto projects over immediate profits. For this reason, the Tradecurve (TCRV) presale is oversubscribed. Meanwhile, Bitcoin Cash (BCH) and Ethereum Classic (ETC) holders are gradually shedding their holdings as prices struggle to shake off sellers. According to market experts, TCRV is predicted to emerge as one of the top cryptocurrencies, posing a challenge to Bitcoin and Ethereum. >>Register For The Tradecurve Presale<< Bitcoin Cash falls as…

Bitcoin Cash uptrend wanes as Cardano holds firm, investors exploring Borroe

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied While Cardano supporters are bullish, recent withdrawals of Bitcoin Cash by whales could slow down their uptrend. Because of these concerns, some investors are exploring Borroe and examining the platform’s scalability and real-world utility. Whales withdraw $27.5 million of Bitcoin Cash In June, Bitcoin Cash rallied after the United States Securities and Exchange Commission (SEC) alleged that several altcoins were unregistered securities. However, over the last seven days, Bitcoin Cash has dropped by 11.19% and is currently trading…

FTX Leadership Seeks Return of Over $1B in Cash, Stocks From Former Execs Bankman-Fried, Wang, Ellison

According to the filing, FTX issued more than $725 million worth of equity to Bankman-Fried, former CTO and Co-Founder Gary Wang, Director of Engineering Nishad Singh, and former Alameda Research CEO Caroline Ellison. Of this $725 million, $447.8 million allegedly went to Singh, and the lawsuit documents how it was recorded as a loan between Singh, trading arm Alameda and FTX. Source