On December 2, 2023, Roman Storm, co-founder of the controversial privacy tool Tornado Cash, is set to face trial in New York amidst serious money laundering charges brought by the U.S. Department of Justice (DOJ). The proceedings come after U.S. District Judge Katherine Polk Failla denied Storm’s motion to dismiss the charges. This development raises
Crypto
In a significant legal maneuver, the Singapore courts have provided Indian cryptocurrency exchange WazirX with a four-month moratorium, responding to the company’s urgent appeal for a safeguard mechanism following a devastating financial incident. The moratorium, however, is not without stipulations. It requires WazirX to maintain complete transparency regarding its wallet addresses and financial disclosures, underlining
Eric Adams, the 110th mayor of New York City, emerged on the political scene as a symbol of change and digital innovation. Elected in 2021, he took office with influential pledges, including a commitment to uplift the city as a beacon for cryptocurrency, even receiving part of his salary in Bitcoin and Ethereum. However, recent
Bitcoin (BTC), the flagship cryptocurrency, finds itself at a pivotal juncture, with its current price reflecting the sentiment of the broader crypto market. As traders observe fluctuations, the sentiment among investors becomes crucial in determining the future course of Bitcoin. The recent rally, spurred by a rebound from the $52K support level, has propelled Bitcoin
Chainlink’s native cryptocurrency, LINK, has recently stirred the interest of investors by experiencing a notable price uptick. This rise can largely be attributed to robust on-chain activities and a rebound in investor confidence. A deep dive into technical indicators reveals a promising outlook for LINK, suggesting that it may continue to appreciate in value. The
Binance, the world’s leading cryptocurrency exchange, has recently announced a significant shift in its language support strategy that will impact its Turkish users. Effective September 27, Turkish language support will be removed from the Binance platform in response to evolving regulatory requirements from local authorities. Although this decision may inconvenience some users, the exchange has
In the evolving world of cryptocurrency, recent insights by Ki Young Ju, the founder of CryptoQuant, indicate that the United States is experiencing a renewed ascendancy in Bitcoin (BTC) holdings. On September 26, Ju highlighted a notable shift, stating that the ratio of BTC held by Americans is increasing relative to international stakeholders. This upsurge
Recent reports have revealed that Polymarket, a blockchain-based prediction market platform located in New York, is actively seeking to raise $50 million in its latest funding round. This prospective investment hints at the organization’s ambition to expand its operations and enhance the user experience on its platform. In a bid to facilitate smooth transactions and
In the ever-evolving landscape of cryptocurrency, the recent activation of a long-dormant Bitcoin whale address has sparked intrigue among enthusiasts and investors alike. According to data provided by Arkham Intelligence, this particular address, which had been silent for an impressive decade, resumed activity by transferring 5 BTC to the Kraken exchange. This marks the third
The landscape of cryptocurrency is evolving rapidly, and with it, the necessity for coherent regulatory frameworks has grown increasingly paramount. A recent letter from a coalition of Republican lawmakers led by Rep. Patrick McHenry and Sen. Cynthia Lummis has spotlighted significant concerns regarding the Securities and Exchange Commission’s (SEC) handling of crypto custody regulations, specifically
