Category: crypto

The US District Court for the Western District of Texas overturned sanctions on crypto-mixing protocol Tornado Cash imposed by OFAC. The court ruled that Tornado Cash’s smart contracts are not property and cannot be restricted. The decision was celebrated by privacy advocates and the crypto community, with TORN token surging in value.

SwissBorg, a crypto wealth management platform, integrated Avalanche into its Meta-Exchange (MEX) for one-click cross-chain trading. This simplifies interactions with blockchain networks, offering direct cross-chain transactions without bridges or multiple wallets. The platform aggregates liquidity from exchanges and DEXs, streamlines fiat onboarding, and aims to lower barriers for users.

Former U.S. President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the founder of the Silk Road dark web marketplace. Ulbricht, who was serving a life sentence for running the illegal platform, has been released, sparking debate about justice and government surveillance in the crypto community.

Avalanche is poised for growth in the US by aligning with the Trump administration’s focus on innovation. Emin Gün Sirer of Ava Labs sees this as an opportunity to accelerate blockchain adoption in the country. Avalanche’s partnership with Aethir aims to strengthen AI-driven projects within its ecosystem, supported by a $100 million fund.

Circle acquired Hashnote, the issuer of USYC token, and partnered with DRW Cumberland to drive USYC and USD Coin in crypto and traditional markets. Circle aims to integrate USYC with USDC to enhance accessibility and make USYC the preferred yield-bearing collateral. Circle also issued native USDC on Canton blockchain.

The US SEC announced the formation of a crypto task force led by Commissioner Hester Peirce to create a clear regulatory framework for crypto assets. The task force aims to shift away from enforcement actions, collaborate with other agencies, and provide technical assistance to Congress. President Trump has made pro-crypto nominations in key agencies.

The official President Donald Trump memecoin TRUMP launched on Jan. 17, reaching a $72 billion market valuation in just two days. Scammers took advantage of the launch, creating fake tokens and decentralized applications. Web3 security firm Blockaid detected and blocked hundreds of users from interacting with scams, highlighting the need for enhanced security measures in…

Renowned blockchain investigator ZachXBT withdrew nearly $4 million from a memecoin project associated with his name, sparking mixed reactions in the community. Industry recognition for his investigative work has led to controversy over his use of a token created in his name. A fundraising campaign has been initiated to support him.

Phantom, a popular crypto wallet on the Solana blockchain, addressed a reported vulnerability that a security researcher, @CloakdDev, raised concerns about. Phantom stated that user funds are not at risk and apologized for communication delays. However, no technical details were provided, leading to a public dispute between the two parties. Users are advised to take…

Coinbase CEO Brian Armstrong believes that Bitcoin could reach “multiple millions” in price if countries start implementing strategic Bitcoin reserves. He discussed the potential impact of institutional adoption, ETF approval, friendly legislation, and a US Bitcoin reserve. Armstrong also emphasized the role of stablecoins in providing financial freedom and highlighted the importance of sound money…