Brian Armstrong's Finest Hour: Backing Tornado Cash Suit Against Treasury Source
Brian Armstrong's Finest Hour: Backing Tornado Cash Suit Against Treasury
Tag: Cash
Cash from 2021 DAO Maker Crypto Hack Being Mixed Through Tornado Cash
CryptoX – Cryptocurrency Analysis and News Portal $500,000 worth of the Dai stablecoin, stolen last year, is being sent through the notorious mixer. Original Source The post Cash from 2021 DAO Maker Crypto Hack Being Mixed Through Tornado Cash appeared first on CryptoX. CryptoX Portal
Crypto investors backed by Coinbase sue U.S. Department of Treasury after Tornado Cash sanctions
According to a new lawsuit filed in the U.S. District Court, Western District of Texas. On Thursday, six users of the Ethereum blockchain and cryptocurrency mixer Tornado Cash sued the U.S. Department of Treasury, alleging that its recent designation of 44 Tornado Cash smart contract addresses to the Specially Designated Nationals (SDN) list of the Office of Foreign Asset Control (OFAC) is “not in accordance with law.” Since Aug. 8, U.S. persons and entities have been prohibited from interacting with the sanctioned Tornado Cash smart contract addresses, blockchain or business-wise,…
Crypto Engineers, Investors Sue US Treasury Over Tornado Cash Sanctions
The Treasury’s sanctions watchdog, OFAC, exceeded its authority in blacklisting smart contract wallets, plaintiffs allege in a new suit. Source
Crypto Lender Celsius Network Says $70M Cash Relief Will Bolster Efforts to Survive the Year
CryptoX – Cryptocurrency Analysis and News Portal During a hearing in the U.S. Bankruptcy Court for the Southern District of New York on Thursday, a Kirkland & Ellis lawyer said the loans were mistakenly believed to be in dollar-pegged stablecoins, which the lender wouldn’t have been able to use to finance its operations. Source The post Crypto Lender Celsius Network Says $70M Cash Relief Will Bolster Efforts to Survive the Year appeared first on CryptoX. CryptoX Portal
Crypto Lender Celsius Says $70M Cash Relief Will Bolster Efforts to Survive the Year
According to the Celsius’ provision, it expects to receive the majority of the repayment by October 7. The forecast shows that its disposable cash balance will stand at $42 million by the end of November. Extrapolating its weekly net cash flows, the cash pile will only barely last through the end of this year. Source
Coinbase Mispricing Allows Users in Georgia to Cash Out for 100 Times Rate
CryptoX – Cryptocurrency Analysis and News Portal Coinbase users in the Eastern European country of Georgia were able to withdraw their holdings for 100 times the exchange rate, pocketing thousands of dollars in profit. Original Source The post Coinbase Mispricing Allows Users in Georgia to Cash Out for 100 Times Rate appeared first on CryptoX. CryptoX Portal
Bitcoin Cash Loses 10% In Last 24 Hours, Despite 40% Hike In Trading Volume
Bitcoin Cash had shed 24% of its value in the previous 12 days. Leading coins like Bitcoin (BTC) and Ethereum (ETH) have also experienced double-digit losses over the past 26 days as a result of the broader market slump. BCH support present at $113.2 Bitcoin Cash key resistance spotted at $117.44 BCH price currently trades at $115.65 Bitcoin Cash has already shed 10% of its value in the last 24 hours. This, despite enjoying 40% increase In trading…
Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash – Finance Bitcoin News
The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto market in the country as currency restrictions have been a driver of increased demand for digital coins. Monetary Authority of Russia Expands Citizens’ Access to Foreign Cash The Central Bank of the Russian Federation (CBR) has lifted one of the restrictions on the sale of U.S. dollars and euros in cash to private individuals imposed amid Western sanctions over the…
Wife of Pertsev, Arrested Tornado Cash Developer, Denies Russia Secret Service Links
The wife of Alexey Pertsev, the web developer arrested in Amsterdam over ties to the Tornado Cash crypto mixing protocol, dismissed speculation that her husband had links to the Russian secret service after allegations surfaced of his connection to a cybersecurity company blacklisted by the U.S. Treasury. Source