A Dutch court has sentenced Alexey Pertsev, a developer involved with Tornado Cash, to 64 months in prison. He was convicted of laundering $1.2 billion in crypto through the Tornado Cash mixer between July 9, 2019, and August 10, 2022. Pertsev’s legal team has a 14-day window to appeal the …
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Ethereum, the world’s second-largest blockchain network, persistently grappling with scalability issues due to its popularity and increased network congestion, has had the concept of Layer 2 chains in mind since 2014. As more users and decentralized applications (dApps) were released, transaction costs skyrocketed, and processing times slowed significantly. To address …
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ZK project Hylé raises $2.6 million in funding round led by Framework Ventures
by MK Manoylovby MK Manoylov–> UPDATED: May 14, 2024, 9:40AM EDT Zero-knowledge project Hylé raised $2.6 million in fresh financing led by the venture firm Framework Ventures. Cherry Crypto, Fabric Ventures, First Capital and Heartcore Capital also participated in the round. Hylé’s total initial funding to date is $3.4 million, with an additional $1.5 …
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A Dutch court has convicted Alexey Pertsev, the developer of the crypto mixing platform Tornado Cash, of laundering $1.2 billion in illicit assets. Pertsev, a 31-year-old Russian national, faces a significant sentence of five years in prison following the guilty verdict on May 14. Pertsev Case Details Alexey Pertsev, the …
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Tornado Cash developer Alexey Pertsev has been found guilty of laundering $1.2 billion in illicit funds using the sanctioned crypto mixer. Pertsev, a 31-year-old Russian living in the Netherlands, was sentenced to 64 months in prison by a Dutch court. His lawyers can appeal the decision within 14 days. Tornado …
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Tornado Cash developer Alexey Pertsev has been found guilty of money laundering by a Dutch judge ruled at s-Hertogenbosch court on Tuesday. Pertsev has been given 64 months of prison time by the court. An indictment shared ahead of the trial said that between July 9, 2019 and Aug. 10, …
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Meme coins surged after a post by Keith Gill, a retail trader whose online persona and investment strategies contributed to the GameStop short squeeze in 2021. The meme coin surge was not limited to microcap tokens but also impacted larger tokens like Pepe and Floki. Top meme coins climbed higher …
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In a letter to Attorney General Merrick Garland, they argue that the DOJ’s interpretation of federal laws threatens to criminalize Americans offering these services. Senators Criticize DOJ’s Stance on Non-Custodial Crypto Services The senators assert that the DOJ’s unprecedented interpretation of the prohibition on operating an unlicensed money-transmitting business contradicts …
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Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token
by Amitoj Singhby Amitoj SinghCoinDCX has expanded the Okto wallet into an Okto ecosystem to give users a single-click mobile experience in Web3. A points program has been launched and a blockchain and the $OKTO token to power that chain will come later this year. Indian crypto exchange CoinDCX has expanded what started as …
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Crypto asset management giant Grayscale says there’s a “renaissance” in Bitcoin development, with several new Layer 2s (L2s) worthy of keeping an eye on. In a new investor report, Grayscale analyst Michael Zhao argued how these technologies may both bring new use cases to Bitcoin and foster more market demand …