Tag: Cash

Who’s got the charm, cash and code to be a crypto hub?

boss

Kazakhstan, the Maldives and Pakistan have recently outlined ambitions to position themselves as crypto hubs and build out their digital economies. Historically, these countries haven’t been top of mind for global crypto firms — though Kazakhstan did have a brief moment in the spotlight as a go-to destination for Bitcoin (BTC) miners after China’s mining ban. Meanwhile, established financial centers are now in a race to become the world’s leading crypto hub by finding the right balance of regulation, talent, capital and infrastructure. Here’s how five of them are backing…

Tornado Cash dev’s attorneys say prosecutors hid exculpatory evidence

boss

Attorneys for Tornado Cash developer Roman Storm filed a motion asking the court to reconsider the motion to dismiss the case due to the prosecution withholding exculpatory evidence in the form of communications with the Financial Crimes Enforcement Network (FinCEN) dating back to 2023. According to a May 16 letter from Storm’s attorneys to Judge Katherine Polk Failla, the FinCEN documents show that non-custodial crypto mixers do not fall under the legal definition of a “money transmitting business” and that prosecutors have known this since at least 2023. Despite having…

Tornado Cash dev Roman Storm trial goes ahead with slight trim

boss

US federal prosecutors are pressing ahead with their case against Tornado Cash founder Roman Storm, but will drop a small part of their indictment after the Department of Justice rolled back its crypto enforcement last month. Jay Clayton, the acting US Attorney for Manhattan, told federal court judge Katherine Polk Failla in a May 15 letter that the charges against Storm still stand, bar one part of a conspiracy to operate an unlicensed money transmitting business charge. “After review of this case, this Office and the Office of the Deputy…

Are Bitcoin Whales About to Cash Out? Key Metric Signals Possible Profit-Taking Ahead

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin’s recent market movement reflects ongoing upward momentum, even as short-term fluctuations suggest some cooling. As of today, BTC trades at $103,485, reflecting a slight 0.6% dip in the…

No, Spanish Citizens Don’t Have to Report Cash Withdrawals Over €3,000 in Advance to the Tax Agency

Information about an alleged new regulation requiring Spanish citizens to report cash withdrawals over €3,000 recently went viral on social media. Spanish crypto and tax experts debunked this claim, stating that it is completely incorrect and a result of a misunderstanding of anti-money laundering regulations. Experts Debunk Viral Post: Spanish Citizens Don’t Have to Report […] Source CryptoX Portal

Voltage Finance exploiter moves $182K in ETH to Tornado Cash

boss

A hacker involved in the $4.67 million exploit of the decentralized finance lending protocol Voltage Finance in 2022 has moved some of the stolen Ether to Tornado Cash after a short hibernation.  Blockchain security firm CertiK said in a May 6 post to X that the 100 Ether (ETH), worth $182,783 at current prices, was moved from a different address initially used in the exploit but can be traced back to the hacker.   In March 2022, the exploiter took advantage of a “built-in callback function” in the ERC677 token standard…

US Treasury’s OFAC can’t restore Tornado Cash sanctions, judge rules

boss

The US Treasury Department’s Office of Foreign Assets Control can’t restore or reimpose sanctions against the crypto mixing service Tornado Cash, a US federal court has ruled. Austin federal court judge Robert Pitman said in an April 28 judgment that OFAC’s sanctions on Tornado Cash were unlawful and that the agency was “permanently enjoined from enforcing” sanctions. Tornado Cash users led by Joseph Van Loon had sued the Treasury, arguing that OFAC’s addition of the platform’s smart contract addresses to its Specially Designated Nationals and Blocked Persons (SDN) list was…

Bitcoin Cash (BCH) Looks Ready To Climb After A Strong Price Rebound

boss

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Bitcoin Cash (BCH) Gains 1% as Index Trades Flat

CryptoX Indices presents its daily market update, highlighting the performance of leaders and laggards in the CryptoX 20 Index. The CryptoX 20 is currently trading at 2503.6, up 0.1% (+3.51) since 4 p.m. ET on Monday. Eight of 20 assets are trading higher. Leaders: BCH (+1.0%) and BTC (+0.7%). Laggards: APT (-3.5%) and NEAR (-3.0%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal

EY updates privacy L2 as nixed Tornado Cash sanctions ease fears

boss

Big Four accounting firm EY, formerly Ernst & Young, has changed its enterprise-focused Ethereum layer-2 blockchain Nightfall to a zero-knowledge rollup design as it says corporate clients are more comfortable with privacy solutions with easing US sanctions. EY said in an April 2 announcement that Nightfall’s new source code, “Nightfall_4,” simplifies the network’s architecture and offers near-instant transaction finality on Ethereum while making it more accessible to users than its previous optimistic rollup-based version. EY’s global blockchain leader, Paul Brody, told Cointelegraph that switching to a ZK-rollup model “means instant…