Tag: Cash

ECB Reaffirms Commitment to Cash as Digital Euro Advances

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As stablecoins and private digital currencies gain traction globally, the European Central Bank (ECB) doubled down on its commitment to keep public money, both physical and digital, at the core of Europe’s financial system. On Monday, ECB Executive Board member Piero Cipollone said in a blog post that euro banknotes and coins will continue to play a role in the financial ecosystem even if the central bank advances its digital euro plan.  “And rest assured: A digital euro will not replace banknotes and coins but rather complement them,” Cipollone said,…

Tornado Cash Co-Founder Faces Jury After Closing Arguments Wrap

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Jurors will now decide the fate of Roman Storm, co-founder of cryptocurrency mixing service Tornado Cash, after prosecutors and the defense delivered closing arguments on Wednesday. The closing arguments phase of a trial is when both sides summarize a case before a judge or jury, making their cases and trying one last time to persuade before the fact-finder goes off to deliberate. Storm is standing trial in the Southern District of New York in a case that could set a precedent for how much responsibility developers have for decentralized software…

Bitcoin Cash Price Surges Past $570 as Whale Accumulation Hits Highest Level Since July 4

Key Notes Whale investors accumulated 66,040 BCH on Tuesday, marking the highest single-day inflow since early July’s peak activity. Technical indicators show BCH trading near upper Bollinger Band resistance at $587, with potential targets at $615 if momentum sustains. Ethereum profit-taking is driving capital rotation into mid-cap altcoins like Bitcoin Cash, supporting continued upward pressure. Bitcoin Cash BCH $568.4 24h volatility: 1.1% Market cap: $11.32 B Vol. 24h: $286.28 M price surged past the $570 level on Wednesday, emerging as one of the few top 20 ranked altcoins posting intraday…

Tornado Cash T-Shirt Stirs Controversy In Court

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Before Roman Storm’s defense attorneys rested their case on Tuesday, one matter that seemed to provoke some controversy in the courtroom was a T-shirt the Tornado Cash co-founder and developer wore at a crypto event in 2019. During opening statements in the US District Court for the Southern District of New York, both prosecutors and Storm’s lawyers reportedly brought up a Tornado Cash T-shirt the developer wore, which claimed to “wash” Ether (ETH) through the mixing service. A video posted by a 2019 ETHBoston attendee appeared to show Storm wearing…

Roman Storm Asks For Another $1.5M For Tornado Cash Trial

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Roman Storm, one of the creators behind the Tornado Cash protocol, is seeking another $1.5 million to cover mounting legal costs as his landmark crypto trial enters its third week. In an “urgent call for support,” Storm asked for another $1.5 million in a July 26 X post, explaining that legal costs have been “piling up fast.” “It sounds crazy, but I need again ~$1.5mm,” Storm wrote, while noting in a separate X post that his legal team has been “working around the clock.” “We’ve forgotten what normal sleep feels…

Bitcoin Cash Surges Past $580 as Analysts Predict Breakout Toward $620–$680 Range

Bitcoin Cash (BCH) extended its recent rally on Sunday, rising 5.25% to $583.64 as of 08:54 GMT, according to CryptoX data. The token has now gained 10.5% over the past week, 15.7% over the last two weeks and 17.3% over the past 30 days. Sunday’s breakout has caught the attention of several technical analysts, who flagged bullish signs in both price action and trading structure. Analyst “CW” noted that BCH is “breaking through the sell wall” — a term traders use to describe a heavy concentration of sell orders at…

Dragonfly Capital Faces DOJ Threat Over Tornado Cash Ties

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Dragonfly Capital could be the target of federal charges stemming from its early investment in Tornado Cash developer PepperSec, Inc., but the venture firm says it is prepared to “vigorously defend” itself if prosecutors pursue the case. In a Friday social media post, Dragonfly Capital managing partner Haseeb Qureshi defended the firm’s early backing of Tornado Cash — an open-source protocol that allows users to obscure blockchain transactions — dating back to August 2020. “We made this investment because we believe in the importance of open-source privacy-preserving technology,” said Qureshi,…

Judge Allows Testimony On ‘Feasible’ Tornado Cash Modifications

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A federal judge overseeing Tornado Cash co-founder and developer Roman Storm’s criminal trial will allow jurors to hear testimony claiming he could have modified the platform “to deter criminals from using it.” In a Sunday order, Judge Katherine Failla denied a defense motion requesting to preclude testimony from a government witness over modifications Storm allegedly could have made to Tornado Cash. The witness, Philip Werlau, an investigator at the fraud investigation and Anti-Money Laundering compliance company AnChain.AI, will be allowed to offer testimony that Storm allegedly had the means to…

Tornado Cash Judge Will Not Permit Van Loon Verdict to Be Discussed During Upcoming Trial

NEW YORK, New York — The judge overseeing the criminal case against Tornado Cash developer Roman Storm said Tuesday she will not allow the verdict in another, related case, Van Loon vs. Department of the Treasury, to be discussed during Storm’s upcoming trial. “The words ‘Van Loon’ are not going to show up in this trial,” District Judge Katherine Polk Failla said during a Tuesday hearing in Manhattan. The hearing — a final, in-person status conference before Storm’s trial begins on June 14 — largely focused on motions in limine (a…