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Trump DOJ Rejects Tornado Cash Developer’s Newest Argument for Dismissal

The U.S. Department of Justice (DOJ) has rejected a motion by a developer of Tornado Cash, a cryptocurrency mixing service, to dismiss charges against him. The developer argued that the prosecution violated his First Amendment rights and that the code of Tornado Cash should be considered protected speech. However, the DOJ maintained that the mixing service facilitates money laundering and other illicit activities. The case continues to raise questions about the legal status of code and the implications for developers in the crypto space. The developer's trial is set to proceed as scheduled.

Read the full article: Decrypt

Bitcoin logs best monthly performance in 12 months during April

In April, Bitcoin achieved its best monthly performance in a year, surging approximately 23%. This rise was attributed to increased investor confidence and positive market sentiment. The cryptocurrency's price reached levels not seen since mid-2022, driven by factors such as institutional interest and favorable macroeconomic conditions. Analysts suggest

Crypto industry will be ‘just fine’ if CLARITY Act doesn’t pass: Chris Perkins

Chris Perkins, president of the digital asset firm CoinFund, stated that the crypto industry will remain resilient even if the CLARITY Act does not pass. He emphasized that the industry has shown adaptability and can thrive under existing regulations. Perkins believes that regulatory clarity is important but not essential for

New York forces Uphold to pay $5M over fraudulent crypto investment scheme

New York regulators have ordered Uphold, a cryptocurrency platform, to pay $5 million for its involvement in a fraudulent investment scheme. The scheme misled investors by promoting a non-existent cryptocurrency, leading to significant financial losses. Uphold is accused of failing to adequately monitor and prevent the fraudulent activities on its

Bitcoin's 'hazardous' airdrop: Why developers are warning against Paul Sztorc’s eCash fork

Developers are cautioning against Paul Sztorc's eCash fork of Bitcoin, labeling its airdrop as "hazardous." The concerns stem from potential security risks and the possibility of undermining the integrity of the Bitcoin network. Critics argue that the airdrop could mislead users and create confusion within the

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Bitcoin logs best monthly performance in 12 months during April

Crypto industry will be ‘just fine’ if CLARITY Act doesn’t pass: Chris Perkins

New York forces Uphold to pay $5M over fraudulent crypto investment scheme

Bitcoin's 'hazardous' airdrop: Why developers are warning against Paul Sztorc’s eCash fork