The dismissal came days before Tornado Cash developer Roman Storm was scheduled to face charges in US federal court. The US Court of Appeals for the Eleventh Circuit has dismissed an appeal filed by crypto advocacy organization Coin Center against the US Treasury Department over its Office of Foreign Assets Control’s 2022 sanctions against the Tornado Cash mixing service. In a Thursday filing, the appellate court granted a motion to vacate a lower court ruling and remand with instructions to dismiss as part of a joint filing with Coin Center and the US Treasury. The dismissal, according to the court, would essentially conclude Coin Center’s legal challenge against the Treasury’s Office of Foreign Assets Control (OFAC). In 2022, OFAC added multiple wallet addresses connected to Tornado Cash to its list of sanctioned entities. Coin Center filed a lawsuit alleging that the Treasury Department “exceeded [its] statutory authority” in the sanctions, though there were other lawsuits filed by interested parties, incl...
Bitcoin futures show rising long-side buy pressure as open interest surges. Key takeaways: Bitcoin futures open interest has climbed +7% in 30 days, suggesting a bullish shift in sentiment. A Bitcoin market momentum indicator shows that long-side buy pressure is rising. Read more
Looking to live tax-free with crypto in 2025? These five countries, including the Cayman Islands, UAE and Germany, still offer legal, zero-tax treatment for cryptocurrencies. Cayman Islands: No income, capital gains or corporate tax — ideal for crypto traders and funds. UAE: Zero tax on all crypto activity across all emirates, plus strong regulatory clarity. El Salvador: Bitcoin is legal tender with full tax exemption and growing national adoption. Read more
Bitcoin failed to overcome resistance at $110,500, but charts suggest bulls will continue buying dips in BTC and altcoins. Key points: Bitcoin is facing selling near $110,500, but the bulls are expected to aggressively defend BTC price at its key moving averages. XRP is trying to break above its immediate overhead resistance level. Read more