Bipartisan Senate Letter Urges DOJ To Stop Attacking Bitcoin Privacy Software

cryptonews.com Two crypto-supportive senators have urged the Justice Department (DOJ) to reconsider its recent enforcement action against a popular Bitcoin privacy service. Protecting…

Senators question DOJ for ‘unprecedented interpretation’ over Samourai Wallet and Tornado Cash

cryptobriefing.com Senators Ron Wyden (D-Ore.) and Cynthia Lummis (R-Wyo.) have sent a letter to Attorney General Merrick Garland, questioning the Department of Justice’s (DOJ) “unprecedented…

Senators Lummis and Wyden Challenge DOJ Over Bitcoin Mixer Prosecutions

tftc.io Recent bipartisan concern has arisen over the U.S. Department of Justice's (DOJ) use of money-transmitter laws in prosecuting Bitcoin mixing services. Senators Cynthia…

U.S. Senators Question Justice Department's Pursuit of Crypto Mixers

coindesk.com None Two U.S. senators sent a letter to the attorney general making an argument that his Department of Justice is making the wrong legal call as it prosecutes crypto mixing…

Marathon Digital reveals plan to double its Bitcoin mining capacity this year

dlnews.com Marathon Digital plans to double capacity Bitcoin miner Marathon Digital said it is revising its 2024 hash rate target from 35-37 EH/s to 50 EH/s, which would represent a…

SOTM Apr 18-24, 2024

5264302.fs1.hubspotusercontent-na1.net Welcome to our 169th issue of State of the Market, where we provide an overview of crypto market activity from April 18 – 24, 2024. After mining the Halving block late…

Did Regulations Push LocalMonero Out? Privacy Coin Platform Bites The Dust

bitcoinist.com The winds of regulatory change are howling through the cryptocurrency space, and a prominent victim has emerged. LocalMonero, a veteran P2P (peer-to-peer) trading platform…

The government fears this privacy tool

reason.com The Department of Justice indicted the creators of an application that helps people spend their bitcoins anonymously. They're accused of "conspiracy to commit money…

Why Bitcoin mixer Samourai Wallet became the latest target in the US crypto crackdown

dlnews.com Crypto privacy advocates are calling on the industry to rally after the Department of Justice arrested two co-founders of Samourai Wallet, a Bitcoin wallet with a built-in…

Tops Trending Charts Amid LocalMonero ShutDown: Santiment

cryptopotato.com Monero is experiencing a significant uptick in discussions across social media following the announcement of LocalMonero’s closure, according to Santiment data. This surge…

The rise and fall of LocalMonero

protos.com The co-founder of LocalMonero, Alex Daneo, announced on Reddit that he will be ceasing operations after almost 7 years. Like the also-defunct LocalBitcoins service for…

Crypto Wallet Provider Exodus Delays NYSE Listing Due to SEC Review

cryptonews.com Exodus Movement, a prominent crypto wallet company, has announced a delay in its planned listing on NYSE American, the sibling market of the New York Stock Exchange. The…

Monero-Backed Short Film Tackles Injustice on the Mexican-American Border

decrypt.co A Mexican teenager is lured into a web of cross-border crime with tragic consequences, in George Nicholas’ Monero-backed short film “Límite.” The film follows 16-year-old…

Monero Exchange LocalMonero Is 'Winding Down' Its Operations

decrypt.co Monero-based peer-to-peer (P2P) exchange LocalMonero is shuting down, the platform announced in a blog post. Citing "a combination of internal and external factors,"…

Monero’s largest P2P trading platform shuts down

coinjournal.net LocalMonero is a peer-to-peer (P2P) trading platform for privacy-focused coin Monero (XMR). The platform is winding down, with the website set to shutter on November 7.…

P2P Trading Platform LocalMonero Bids Farewell Amid Regulatory Heat

beincrypto.com LocalMonero, the largest Monero (XMR) peer-to-peer (P2P) trading platform, announced its closure on May 7. This also marked the end of its nearly seven-year run in the…

Monero P2P Trading Platform LocalMonero Closes, Citing ‘Internal and External’ Factors

cryptonews.com LocalMonero, a peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has decided to shut down its services with immediate effect. In a Tuesday…

LocalMonero Shuts Down Amid Privacy Service Decline: XMR Remains Stable

watcher.guru The recent closure of LocalMonero, a platform facilitating peer-to-peer trading of Monero [XMR], has reverberated across the cryptocurrency community. This shutdown…

House Democrats Propose Bill to Intensify Scrutiny on Bitcoin Mixers

tftc.io New legislation is expected to be introduced by House Financial Services Committee Democrats, targeting Bitcoin mixing services. Representative Sean Casten (D-Ill.), a…

Crypto Mixers Targeted in U.S. House Democrats' Effort to 'Clamp Down' on Money Laundering

coindesk.com None A new bill from House Financial Services Committee Democrats is expected to target crypto mixing services this week. • None Legislation from the minority party is…

Exodus Approved for NYSE Listing, Trading Begins on May 9

cryptonews.com Crypto wallet developer Exodus Movement has received approval to list its common stock on the NYSE under the ticker EXOD. Trading for the stock will commence on the platform…

Bitcoin Mixers Pull Out of the US Amid Regulatory Heat

decrypt.co Following the arrest of the developers of Samourai Wallet, several other Bitcoin coin mixing operations see the writing on the wall and are leaving the United States for…

Empire Newsletter: The DOJ’s about-face on money transmitters

blockworks.co Take it to court! Crypto’s long been regarded as the “Wild West” and one of the biggest reasons that the comparison still sticks — despite how far the market has come since…

Zeus v0.8.4: Select Wallet/Node on Start-up

nobsbitcoin.com No Bullshit Bitcoin is funded by our community. "We're proud to announce the wide availability of ZEUS v0.8.4, including on the Apple App Store, and Google Play," announced…

DOJ charges former Cred execs over $783M fraud and money laundering scheme

cryptobriefing.com The US Department of Justice (DOJ) has announced charges against three former executives of the now-bankrupt crypto lending and investing firm Cred, alleging their…

DOJ charges three Cred execs over $783 million in customer fund losses

cryptoslate.com On May 3, the US DOJ announced charges against former executives of Cred, a bankrupt crypto lending and investing firm. Authorities alleged that the three accused…

Edward Snowden Warns “The Clock Is Ticking” for Bitcoin Privacy

cryptonews.com With the U.S. government targeting crypto mixers, Edward Snowden, the famed whistleblower and vocal supporter of cryptocurrencies, took to X on Thursday to urge Bitcoin…

Edward Snowden Delivers ‘Final’ Bitcoin Warning: Here’s Why

bitcoinist.com Edward Snowden, the well-known whistleblower, reiterated his long standing concerns about Bitcoin’s privacy features, or the lack thereof in a recent post on X. Snowden’s…

US Senators and Lawmakers Have No Issue with Crypto Privacy, Says Railgun Researcher

coinspeaker.com Coinspeaker US Senators and Lawmakers Have No Issue with Crypto Privacy, Says Railgun Researcher Railgun researcher and advocate Alan Scott Jr recently reported that…

'Clock is Ticking' on Bitcoin Privacy: Edward Snowden

decrypt.co CIA whistleblower turned international fugitive Edward Snowden has issued a "final warning" on Bitcoin privacy, amid a U.S. crackdown on crypto privacy projects. In a tweet,…

Trezor to end privacy-enhancing coinjoin feature as Wasabi Wallet steps back

cryptobriefing.com Crypto hardware wallet manufacturer Trezor announced today the discontinuation of the coinjoin feature in its Trezor Suite. The service, provided in partnership with…

Hundred Finance Hacker Transfers Stolen Funds After A Year Of Inactivity

cryptonews.com The Hundred Finance hacker, responsible for the $7.4 million crypto theft, resurfaced on May 1 after a year of inactivity and started moving crypto assets from Curve’s…

Renewed Regulatory Pressure On Bitcoin Is No Surprise

zerohedge.com Renewed Regulatory Pressure On Bitcoin Is No Surprise Authored by Mark E. Jeftovic via bombthrower.com, Nor will it change anything over the long haul… We’ve always said…

Senator Cynthia Lummis Slams DOJ For “Hyper-Aggressive” Crypto Stance On Self-Custody Wallets

cryptonews.com Senator Cynthia Lummis (R-WY) criticized the U.S. Department of Justice (DOJ) on Wednesday for its controversial stance on self-custody wallets after unlicensed…

Biden vs Bitcoin: What all is at stake as U.S. election 2024 nears

ambcrypto.com Apart from the Bitcoin [BTC] halving, the US 2024 election stands as one of the most anticipated events of this year. Despite remarkable progress within the crypto industry…

Senator Cynthia Lummis Criticizes US Authorities’ Crackdown on DeFi

beincrypto.com Senator Cynthia Lummis has expressed significant concerns over the Biden administration’s recent measures targeting the decentralized finance (DeFi) sector. She challenges…

Here's How AI Can Help Find Money Laundering on Bitcoin

decrypt.co Artificial intelligence can rapidly scan the massive Bitcoin blockchain for signs of illegal activity, a capability that could dramatically strengthen the work of law…

Crypto Advocacy Group Coin Center Looking To File Amicus Brief To Support Samourai Wallet Co-Founders

dailyhodl.com The nonprofit crypto advocacy group Coin Center is mulling whether to file an amicus brief in support of the co-founders of the crypto mixer Samourai Wallet. Last week,…

The Protocol: EigenLayer's 'Intersubjective Forking' Is Objectively Not Done

coindesk.com EigenLayer, the Ethereum "restaking" project that quickly shot to the top ranks of the DeFi leaderboards thanks to so-called airdrop farmers, finally acknowledged plans to…

Senator Lummis Vows to Protect Bitcoin Against DOJ Overreach

coingape.com U.S. Senator Cynthia Lummis has criticized the Department of Justice (DOJ) for its recent interpretation of regulations surrounding non-custodial software wallets. In the…

'Bitcoin Senator' Cynthia Lummis Blasts DOJ Stance on Private Crypto Wallets

decrypt.co United States Senator Cynthia Lummis (R-WY) has stated that she is "deeply troubled" by the Department of Justice's (DOJ's) stance on non-custodial software. In a tweet,…

Hundred Finance’s $7.4 million stolen last year starts to move

dlnews.com In April last year, a hacker exploited a bug in Optimism-based DeFi protocol Hundred Finance, making off with $7.4 million. After over a year of silence, the stolen funds…

First They Came for Samourai with Seth for Privacy & Bitcoin Q+A

whatbitcoindid.com “These are not two hardened criminals who have been just plotting in secret to launder billions of dollars; these are people who’ve built a powerful privacy tool that never…

Groundhog Day for the crypto wars: The DOJ on bitcoin prowl

reason.com On April 24, the Department of Justice continued its assault on open source developers, arresting Keonne Rodriguez and William Lonergan Hill on allegations of money…

Former Binance CEO Changpeng Zhao sentenced to 4 months in prison

blockworks.co Former Binance CEO Changpeng Zhao was sentenced to 4 months in US prison today. The sentence is lower than some bettors expected, with those on Polymarket expecting the…

The Weekly Re-Org: War Of Attrition

bitcoinmagazine.com Remember that movie where Sandra Bullock crosses the entire country blindfolded because peaking outside means you’re basically facing a certain death? That must be how it…

Monero hits eight-year low against Bitcoin as regulatory pressures mount

cryptoslate.com Monero’s XMR token has fallen to its lowest point against Bitcoin in the last eight years amid regulatory pressure on privacy-focused blockchain networks. According to…

Samourai Wallet co-founder released on $1M bond after pleading not guilty

coinjournal.net Samourai Wallet founders have been charged with money laundering and operating an unlicensed business. Keonne Rodriguez, one of the co-founders, was released on a $1M bond…

Memecoin protocol raises $5.5m

dlnews.com GM, Tim here. Here’s what caught my DeFi-eye recently: What are Heroglyphs, and how do they help Ethereum? Why the DoJ just shut down crypto mixer Samourai Wallet. The…

Samourai Wallet Co-Founder Pleads Not Guilty to Money Laundering Charges, Released on Bail

cryptonews.com Keonne Rodriguez, one of the individuals associated with the popular cryptocurrency mixer Samourai Wallet, has entered a plea of not guilty to charges of money laundering.…

Samourai Case: One Founder Released as US Pursues Extradition of the Other

beincrypto.com In the latest development of Samourai Wallet’s case against the US regulator, Keonne Rodriguez, the founder, was released on a $1 million bond. This news unfolded in the US…