NEW YORK — Roman Storm, the Tornado Cash developer standing trial in Manhattan on charges that the privacy tool he created helped hackers and other cyber criminals launder more than $1 billion in criminal proceeds, won't take the stand, his lawyers told the court on Tuesday. Storm told District Judge Katherine Polk Failla of the … Read more
Bitcoin Cash (BCH) extended its recent rally on Sunday, rising 5.25% to $583.64 as of 08:54 GMT, according to CoinDesk data. The token has now gained 10.5% over the past week, 15.7% over the last two weeks and 17.3% over the past 30 days. Sunday’s breakout has caught the attention of several technical analysts, who … Read more
NEW YORK — Prosecutors told a federal judge in open court on Friday that they were considering criminally charging certain employees of crypto venture capital firm Dragonfly Capital, including general partner Tom Schmidt, for their 2020 investment into privacy tool Tornado Cash. The discussion between prosecutor Nathan Rehn and District Judge Katherine Polk Failla of the … Read more
NEW YORK — The government officially rested its case against Tornado Cash developer Roman Storm on Thursday, bringing eight days of witness testimony to a close. Storm’s defense introduced its first witness, Ethereum core developer Preston Van Loon, on Thursday afternoon. Van Loon told the jury that he was a user of Tornado Cash, describing it … Read more
India’s trials of its eRupee digital currency are already in its advanced phases, paving way for its widespread adoption and use in the coming months. In a fresh development, RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee while also giving hints about what RBI has in plans for this CBDC in the … Read more
The cryptocurrency sector and crypto entrepreneurs have often come under legal scrutiny in recent years. Former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison in March over charges of fraud, followed by Binance founder Changpeng getting a four-month sentence earlier this month over the exchange’s anti-money laundering activities. Now, Alexey Pertsev, the … Read more
NEW YORK — There is at least one fact that both the defense and the prosecution agree in the ongoing criminal money laundering trial of software developer Roman Storm: the product he helped to create and run — a once-popular crypto privacy tool called Tornado Cash — was exploited by hackers and cyber criminals to launder their … Read more
BNB fell nearly 2% over the past 24 hours as crypto traders rushed to lock in profits, with the token dropping to now trade around the $680 mark after briefly touching $700. The slide mirrors broader market jitters after bitcoin surged to a record above $120,000, prompting a wave of profit-taking that brought the cryptocurrency … Read more
NEW YORK — A 12-person jury has been seated for Tornado Cash developer Roman Storm’s criminal trial, and opening arguments are set to begin later this afternoon in the Thurgood Marshall courthouse in lower Manhattan. Seven women and five men with a diverse range of backgrounds and ages will decide whether the U.S. Department of … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3578.43, down 1.3% (-47.45) since 4 p.m. ET on Monday. Two of 20 assets are trading higher. Leaders: SUI (+3.4%) and XLM (+2.2%). Laggards: BCH (-3.1%) and POL (-2.8%). … Read more