A Manhattan jury found Tornado Cash co-founder and developer Roman Storm guilty of charges related to conspiracy to run an unlicensed money business. In a Wednesday decision in the US District Court for the Southern District of New York (SDNY), Storm was found guilty of one felony charge related to
After four days of deliberations, jurors in the Roman Storm trial told the court they remain deadlocked on some charges, prompting the use of an Allen charge to encourage further discussion. An Allen charge, sometimes called a “dynamite charge,” is a special instruction a judge gives to a deadlocke
Transactions on the Ethereum network have reached a one-year high as the US Securities and Exchange Commission issues new guidance on staking. This comes amid historical highs in Ether staked on the network; according to Dune Analytics, over 36 million Ether (ETH) is now staked on Ethereum,
Key points: Bitcoin corporate treasuries such as Strategy’s are predicted to drain OTC desks and then exchanges. The resulting supply imbalance will “uncork” BTC price action. In the meantime, profit-taking is still a major priority for existing hodlers. Bitcoin (BTC) demand from
Japanese financial giant SBI Holdings has unveiled plans to launch the country’s first dual-asset cryptocurrency exchange-traded fund (ETF), offering exposure to both Bitcoin and XRP. In its earnings report on Thursday, the company outlined a plan for two crypto-based ETF
The United Kingdom’s financial regulator has lifted a ban on crypto exchange-traded notes (cETNs) for retail investors in a move welcomed by industry leaders as a step toward aligning the country with global crypto markets and strengthening its position as a digital asset hub. On
China has issued a warning over the growing use of biometric data by crypto-linked projects, cautioning that iris-scanning schemes operating under the guise of digital asset distribution may threaten personal privacy and even national security. In a public security bulletin published Wednesday, Chi
The crypto industry is hailing the US Securities and Exchange Commission’s latest guidance on liquid staking as a rare regulatory win, with stakeholders calling it a major step forward for decentralized finance and institutional adoption of digital assets. Released Tuesday, the SEC staff issued a g
Advancements in cloud computing, data storage and artificial intelligence have transformed how businesses operate and manage information. However, this transformation has also led to challenges because these technologies are highly centralized and in the hands of a few tech giants The cloud comput
Debt-to-equity shift in Bitcoin mining The 2022 crypto winter caused major Bitcoin miners over exposed to debt financing to file for bankruptcy. Most publicly traded miners had debt-to-equity ratios over four, with values above two generally considered unsustainable. Starting in the third
The synthetic stablecoin market is a dynamic part of decentralized finance (DeFi), and Ethena has left a significant mark with its innovative product. With high yields on its synthetic dollar, USDe, Ethena has captured a total value locked (TVL) of $2.7 billion, demonstrating demand for synthetic st