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U.S. Department of Justice: Tornado Cash co-founders were aware of money laundering and profited from the mixer 🇺🇸 The U.S. Department of Justice (DOJ) has detailed accusations against Tornado Cash's co-founders, suggesting they were complicit in money 🧺 laundering and profited from the cryptocurrency mixer. 🔨 The DOJ refutes the defense’s argument that co-founder Roman Storm was merely coding without charging for the mixer’s services. ✔️ According to prosecutors, both Storm and his colleague Roman Semenov were aware of and facilitated the laundering operations, continuing to promote Tornado Cash despite this. 🤔 The DOJ also highlighted that the majority of users accessed the service through its official website, which was under the developers' control. They argue that 🌪 Tornado Cash was operated as a commercial venture that financially benefited its creators, challenging the notion that it was a non-profit endeavor merely providing a 🕶 privacy tool.
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Top 10 Crypto News In The Last 24 Hours 🚀 1️⃣ 💰 Bitcoin chops below $63,000 as miners witness 25% dip in Average Revenue per Block - now at 3.83 $BTC. 2️⃣ 💰 Binance wants the court to know US government’s position on USDC. 3️⃣ ⚖️ Custodia files appeal after judge rules bank is not entitled to Fed master account. 4️⃣ 💸 The world's largest custodian bank, BNY Mellon, reports exposure to Bitcoin ETFs. 5️⃣ 💰 John Deaton files amicus brief in support of Coinbase appeal against SEC. 6️⃣ 🇨🇳 Mainland China investors won’t be able to buy Hong Kong Bitcoin ETFs. 7️⃣ 🇬🇧 UK police are now authorized to seize criminal crypto holdings without arrests. 8️⃣ 🇺🇸 US Senator writes a letter to the DOJ claiming crypto is the "payment of choice" for child sexual abuse materials. 9️⃣ 🇦🇺 Australia hits milestone of 1,000 active Bitcoin ATMs in operation. 🔟 🇰🇪 Kenya has established a working group tasked with drafting regulations governing crypto entities. @cryptothedoggy // @EvanLuthraVIP
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📊Best NFT blockchains by number of users per year Solana leads the way Solana and Polygon have more than 1 million users Ethereum, Bitcoin, Base are also in the top five 📈Crypto_Ocean
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💰 Crypto-focused federal chartered bank intros settlement network called #Atlas. Atlas has already settled hundreds of millions of dollars in crypto since its “early access launch” earlier this year, the company said. @News_Crypto | link
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U.S. prosecutors have sought a 36-month incarceration for Changpeng Zhao Changpeng Zhao, the founder and former CEO of Binance, is facing a 36-month prison term after admitting guilt in breaching 🧺 anti-money laundering regulations, as stated in a plea by U.S. prosecutors. 🤷 This sentence is slightly lighter than initially sought, with prosecutors previously aiming for a more severe punishment of up to 10 years. Changpeng Zhao expressed remorse for his 😳 "poor decisions" and accepted "full responsibility" for his actions in a letter addressed to the judge.
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💡💡💡: Tesla $TSLA reveals none of their $711,050,000 worth of 🥇 Bitcoin was sold in Q1 2024. 📈Crypto_Ocean
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Crypto speak: Nuke “Nuke” means a sudden and strong price correction in the markets. Since cryptocurrencies are very volatile, prices should fall by at least 10% (usually more in most cases) for it to make sense to talk about it in such terms. 📈Crypto_Ocean
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💰 Base Network Breaks Record with 21,700 Contract Deployers in a Day. Token Terminal reports a record high no of contract deployers on the #Base network in a single day, with 21,700 initiating smart contract creation transactions. Jesse Pollak's goal for Base to reach 1 million developers is closer than ever. @News_Crypto
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🎮 JUST IN: Don't miss the final chance for $RTF at $0.10, backed by WBC, Tyson, and Usyk. 👀 IDO oversubscribed, with tokens on DAO Maker and ChainGPT pads sold out instantly. More Info @cryptothedoggy
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Repost from Crypto Insights
🐳Santiment: the average age of BTC investments continues to fall. This indicates that whales are bringing the coins back into circulation. For example, each BTC was held for an average of 638 days on November 29 and 502 days on April 12. Historically, this increases the likelihood of continued growth. ⚡️ @Crypto_World_Mine 📊
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