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Court challenges OFAC’s authority to blacklist Tornado Cash, responding to appeal from six users claiming blockchain transactions are traceable. Developer Pertsev’s March 2024 defense fails as court cites insufficient protective measures against protocol misuse. Sanctions reversal signals potential regulatory shift favoring privacy tech, despite initial $455M North Korean laundering concerns. After a careful look at…
LayerZero CEO Bryan Pellegrino confirmed a settlement with FTX after two years of spending millions on legal fees. LayerZero has bought out FTX, FTX Ventures, and Alameda from all the agreements with the firm. LayerZero has a massive $107 million in direct cash deposits and is cash-rich, stated Pellegrino. Bryan Pellegrino, the chief executive of…
Whales and institutional investors have accumulated over 330,000 Ethereum (valued at $1 billion) in the past week. Ethereum price could break critical resistance levels, potentially reaching $7,000 in the near term. The Ethereum Foundation is transferring 50,000 ETH (worth $150 million) to a new wallet for active participation in the DeFi ecosystem. Ethereum price could…
Daily transactions on the Solana blockchain rose sharply, while its Total Value Locked (TVL) hit $12 billion, reflecting a 212% weekly increase. Rising spot Solana ETF filings, including the recent by REX Shares and Grayscale, have fueled SOL’s price rally. Analysts expect SOL to break resistance near $260 and enter price discovery. While the rest…
Trump’s first 200 executive orders did not include any clear actions related to Bitcoin or cryptocurrencies. David Bailey hinted at potential crypto-related content but admitted uncertainty about the specifics. The crypto community was disappointed as Trump prioritized energy, immigration, and security over digital assets. US President Donald Trump his first 200 executive orders shortly after…
Season 3 of the Immortal Rising 2 reward campaign has gone live. 1% of $IMT tokens are up for grabs as rewards. Season 3 of the Path of Ascension (P2A) campaign in Immortal Rising 2 has begun. This was announced in a recent where Web3 gaming company Planetarium Labs confirmed that this campaign would be…
Binance now supports purchasing BFUSD with USDC, alongside USDT. Users can redeem BFUSD for USDT or USDC, with applicable fees. Starting January 23, daily BFUSD rewards will be issued in USDC. Binance Futures has announced new updates to its BFUSD, including support for USDC . These updates will be effective from January 22 on both…
Vitalik Buterin has called for intervention in the legal battles of Roman Storm. He and the crypto community voices have also called for Virgil Griffith and Alexey Pertsev. The call came after President Donald Trump pardoned Ross Ulbricht. Silk Road Creator Release Sparks Vitalik’s Call for Justice No man left behind.@rstormsf and @alex_pertsev next. Tornado…
Abstract, a consumer blockchain by Igloo Inc., went live on January 27. The protocol is built to simplify blockchain interactions for mainstream users. It already supports over 100 applications, with 400 more in development. It is designed to everage ZK Stack by ZKsync and Celestia for scalability and security. On Monday, January 27, the crypto…
Bitcoin ETFs in the US saw a massive capital inflow on January 21, reflecting renewed institutional confidence. BlackRock’s IBIT led the pack with a record-breaking $661.9 million inflow, reaffirming its dominance in the space. Other ETFs, including Fidelity’s FBTC and ARK 21Shares, added to the surge, while Bitwise’s BITB faced outflows. The influx of capital…