Tornado Cash dev freed from prison by Dutch court
Tornado Cash developer Alexey Pertsev claims he will be released from prison on Feb. 7 after a Dutch Court canceled his pretrial detention in exchange for electronic monitoring. In a post on X, Pertsev declared that he will be released from prison on Feb. 7 at at 9 am UTC or 10 am local time, […]
Thumzup doubles Bitcoin holdings to $2m, clears 90% surplus cash for BTC
Thumzup Media Corporation has doubled its Bitcoin holdings to 19.106 BTC, increasing its investment in digital assets to $2 million. Thumzup company is authorized to allocate up to 90% of its surplus cash into Bitcoin (BTC). This move aligns with the company’s broader strategy to integrate cryptocurrency into its financial operations, according to a release […]
Green energy tech firm Nuvve to allocate 30% of excess cash to Bitcoin
Nuvve, which helps EVs share power with the grid, will invest up to 30% of its extra cash in Bitcoin to diversify the company’s treasury holdings. Nuvve, a public Californian company focused on connecting electric vehicles to the grid, said its board has approved holding Bitcoin (BTC) as a primary treasury asset. In a Jan. […]
Tornado Cash co-founder speaks out as mixers face scrutiny
On Jan. 22, Roman Storm, a co-founder of the privacy-focused cryptocurrency protocol Tornado Cash, shared his thoughts about the ongoing money-laundering conspiracy prosecution against him on X. Members of the crypto dev community showed their support. My name is Roman Storm, and I am one of the founders of Tornado Cash, a non-custodial privacy protocol. […]
Monero price could surge 140% after Tornado Cash ruling
Monero price has rallied for five consecutive weeks and is trading at levels last seen in April 2022. Monero (XMR), the largest privacy-focused cryptocurrency, was seen trading at $220.70 on Thursday Jan. 23, up by 113% from its lowest level in 2024. The rebound picked up momentum after a US court ruled in favor of […]
Ramp Network introduces direct cash out for Ethereum L2s via MetaMask
Ramp Network, a crypto on-and-off ramp solution platform, has announced that users can now sell their crypto directly from Ethereum layer-2 networks via MetaMask. In an announcement, Ramp Network said it had partnered with MetaMask to enable direct withdrawals of Ethereum (ETH) directly from layer-2 networks such as Optimism, Polygon, and BNB Chain. The partnership […]
Trump Family’s dual coin launch draws fire for conflicts of interest and cash grabs
The Trump family’s back-to-back meme coin launches — TRUMP and MELANIA — have triggered market chaos, social media backlash, and growing concerns about conflict of interest. From TRUMP to MELANIA The Trump family has expanded its presence in the crypto world, unveiling two meme coins in rapid succession. On Jan. 17, President-elect Donald Trump announced […]
KULR Technology plans to allocate 90% of surplus cash to Bitcoin
KULR Technology Group announced plans to allocate up to 90% of its cash surplus, including $12 million currently on hand, to Bitcoin. This decision aligns the company with a growing trend of businesses using Bitcoin as a treasury asset. The company’s leadership explained that the move enhances financial resilience. KULR’s Bitcoin purchases will be influenced […]
Over half a billion in crypto loot laundered via Tornado Cash in 2024: report
More than 60% of ETH deposits to Tornado Cash in 2024 originated from high-risk sources, including accounts linked to major crypto hacks. According to a Global Ledger report shared with crypto.news, over $552 million in stolen cryptocurrency was laundered via cryptocurrency mixing service Tornado Cash between Jan.1 and Nov. 27. Tornado Cash received a total […]
Tornado Cash smart contracts cleared of OFAC sanctions in latest ruling
A U.S. appeals court ruled that the Treasury exceeded its authority by sanctioning Tornado Cash’s immutable smart contracts, declaring them outside the scope of federal property laws. On Nov. 26, the Fifth Circuit Court of Appeals overturned a prior ruling by the U.S. Department of the Treasury’s Office of Foreign Assets Control, stating that smart […]
