CryptoNews

US Court Classifies Tornado Cash as 'Person' in Verdict Echoing Ooki DAO Designation – Legal Bitcoin News

August 20, 2023
A recent ruling by a U.S. judge declared that Tornado Cash holds the legal status of a “person.” This development came on the heels of a previous verdict in June, which recognized the decentralized autonomous organization Ooki DAO in a similar manner. U.S. Judiciary Designates Tornado Cash as ‘Person’ in OFAC Case In a legal face-off with the U.S. government, specifically the OFAC, the…
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CryptoNews

Biggest Movers: XLM, DOGE Rebound on Saturday, Following Recent Market Sell Off – Market Updates Bitcoin News

August 20, 2023
Stellar was a notable mover during Saturday’s session, as the token returned to the green to start the weekend. Prices recently fell lower for six straight days, however, bulls have reentered the market snapping this streak in the process. Dogecoin also rebounded today. Stellar (XLM) Stellar (XLM) rose higher on Saturday, following a recent six-day losing streak which pushed the price to a…
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CryptoNews

UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September – Regulation Bitcoin News

August 19, 2023
According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable steps” to ensure compliance with the travel rule. When the rule becomes effective, compliance with the rule is…
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CryptoNews

Tether to Withdraw Support for USDT on Omni, Kusama, and Bitcoin Cash's SLP – Bitcoin News

August 19, 2023
Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash’s Simple Ledger Protocol (SLP). The company stated that one of the factors that affected this decision was the level of community interest in these projects, declaring that maintaining support for projects without traction was “inefficient and may jeopardize…
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