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71 articles found
Latest
Tornado Cash Co-Founder Fights to Dismiss Criminal Charges
Roman Storm, co-founder of the controversial crypto mixer Tornado Cash, is pushing to have criminal charges against him dropped. This follows a landmark appellate court ruling that found the actions of the Office of Foreign Assets Control (OFAC) against the platform to be an overreach of authority.
How Does Cryptocurrency Differ from Traditional Cash?
As interest in cryptocurrencies soars, it’s worth understanding how they differ from the cash we’re used to. This article compares the two, examining their pros and cons, and ponders whether digital currencies can truly replace fiat.
Battery Manufacturer Adopts Bitcoin Investment Strategy
On November 14, Solidion Technology, a key supplier of battery materials, announced a strategic shift towards Bitcoin by reallocating a portion of its cash reserves to the cryptocurrency. This move comes amid the rise of pro-crypto leadership in the U.S., following Donald Trump’s presidential victory.
UBS Introduces UBS Digital Cash for Blockchain-Based Transactions
UBS, the prominent Swiss bank, has revealed a successful pilot project for UBS Digital Cash, a blockchain-powered multicurrency payment solution aimed at improving cross-border transactions.
16 Years Since the Bitcoin Whitepaper: What Was Satoshi’s Vision?
Today marks 16 years since the release of a document that laid the foundation for a new financial era—the Bitcoin whitepaper. On October 31, 2008, the enigmatic developer or group known as Satoshi Nakamoto released a paper titled Bitcoin: A Peer-to-Peer Electronic Cash System.
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Fast USDC Cash-Outs Now Cost More
Circle has updated its terms for instant USDC cash-outs on the Circle Mint platform, raising fees and lowering the threshold for fee-free transactions. Now, daily redemptions exceeding $2 million incur a 0.03% fee, while amounts over $15 million are subject to a 0.1% fee.
98% of FTX Creditors Approved for 118% Payout in Cash
In November 2022, FTX, once one of the largest cryptocurrency exchanges, filed for bankruptcy. Estimates indicated the company owed approximately $11.2 billion to its creditors.
BitGo Announces Yield-Bearing Stablecoin USDS
BitGo is set to launch its own yield-bearing stablecoin, USDS, in early 2025. The stablecoin will be backed by cash and short-duration Treasury bills that generate returns. The initial market capitalization is expected to reach approximately $10 billion within the first year.
Tornado Cash Co-Founder’s Case Gets Delayed
A U.S. court granted a three-month postponement in the case of Tornado Cash co-founder Roman Storm, despite the prosecution's objections.
Do Contemporary Regulators Draw from Inquisition Practices?
The Mises Institute, a non-profit research and educational center at the Austrian School of Economics, recently published a study examining the court decision against the crypto mixer Tornado Cash, arguing that modern regulatory methods closely resemble those of the medieval inquisition. How appropriate is this comparison?
Bob Lee’s Killer Faces Life Imprisonment
A San Francisco jury has found Nima Momeni guilty of the murder of Cash App founder Bob Lee. After weeks of deliberation, the verdict was reached, and Momeni now faces a sentence of 16 years to life in prison.
Tornado Cash Boost: TORN Soars 800% After Sanctions Repealed
A U.S. appeals court has deemed the sanctions imposed by OFAC on Tornado Cash smart contracts as unlawful, reshaping the crypto landscape.
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Ethereum Foundation's $970 Million Treasury Revealed
The Ethereum Foundation has published a financial report detailing its assets, which amount to nearly $970 million. Of this, $788.7 million is held in cryptocurrencies, with ETH constituting 99.45% of the portfolio. Approximately $181.5 million is invested in conventional assets and cash reserves.
Coinbase Execs to Cash Out Shares
A number of Coinbase’s senior managers, including CEO Brian Armstrong, intend to sell more than $900 million in shares, as reported by Barron’s.
House Money Effect: Why “Bonus” Cash Changes How We Spend
Ever dreamt of a surprise inheritance or finding an abandoned bag of cash? You might not realize that unexpected money has a strange effect, casting a “spell” on your decisions. Breaking free from it means learning to treat every dollar as truly your own.
Gensler Drops Truth Bomb on Crypto: It’s More Like Gold Than Cash
On October 9, 2024, SEC Chairman Gary Gensler spoke at an event at the New York University School of Law in Manhattan. Once again, he took the opportunity to lay out the familiar crypto concerns that the SEC, under his leadership, has been raising for years.
Judge Denies Tornado Cash Founder’s Bid to Dismiss the Case
US federal judge Katherine Failla denied Tornado Cash founder Roman Storm’s bid to dismiss charges against him over $1 billion in money laundering. Thus, the case moves to the trial stage, set for December 2.
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Different Ways to Cash out Crypto in Ukraine
New to crypto, and the assets you bought increased in value? Maybe you have something in mind you want to buy with the profit. What to do if you need fiat money to acquire what you want? Depending on the country, different options may be available. Below, we’ll discuss the ways to cash out and use crypto in Ukraine in particular.
Canadians Slow to Adopt Cryptocurrencies
According to a survey by the Bank of Canada, only 2.5% of Canadians used cryptocurrencies for everyday payments last year. Predominantly, individuals continue to favor traditional forms of electronic payments such as those made via phone numbers or email over cash and bank cards.
Ether․fi and Visa to Launch a Crypto Credit Card
A new product named Ether․fi Cash is designed as an alternative to the often complex and costly off-ramp process of converting cryptocurrency to fiat money. The developers hope that this innovation will allow cryptocurrency holders to operate entirely within the blockchain ecosystem.
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