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 […]
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 […]
