Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
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error code: 524
Roman Storm, the co-founder of Tornado Cash, has petitioned a US federal judge for acquittal regarding his sole conviction for unlicensed money transmission, along with the jury’s undecided counts for money laundering and sanctions violations. He claims that prosecutors did not demonstrate his intention to assist malicious actors in exploiting the crypto mixer.Legal documents submitted on September 30 to the US District Court for the Southern District of New York and reviewed by Cointelegraph assert that Storm’s defense contends that prosecutors could not prove he intended to aid bad actors using Tornado Cash. This, they argue, undermines the basis for…
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Roman Storm, co-founder of Tornado Cash, has requested a U.S. federal judge to dismiss his sole conviction for unlicensed money transmission and the jury’s hung counts regarding money laundering and sanctions violations, asserting that prosecutors did not demonstrate his intent to assist malicious users of the crypto mixer.In legal documents submitted on Sept. 30 and reviewed by Cointelegraph, Storm’s defense contended that prosecutors failed to establish that he meant to aid wrongdoers in utilizing Tornado Cash. This, the defense claims, invalidates the basis for his conviction based on negligent inaction.“The accusation linking Storm to bad actors is based on the…
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Key Insights:The SSR RSI for stablecoins shows a “buy” signal, indicating robust buying power.Long-term holders of Bitcoin have amassed 298,000 BTC.A green close for Bitcoin in September historically leads to Q4 rallies, often averaging 78% gains.In September, Bitcoin (BTC) experienced significant volatility but closed the month 5% higher at $114,000 on Tuesday. Analysts now point to several crucial indicators suggesting that the recent rebound from $108,000 might indicate a forthcoming “big move.”Bitcoin’s Stablecoin Metric Signals “Buy”The Stablecoin Supply Ratio (SSR), which assesses stablecoins’ purchasing power relative to Bitcoin, has decreased, with its RSI hitting a four-month low. Related: Pro Bitcoin traders’…
Key takeaways: Stablecoins are now common tools for savings, payments, and trade in Nairobi and Lagos.Inflation, currency fluctuations, and high remittance fees drive their popularity.Mobile money integrations make using stablecoins familiar and convenient.There are ongoing risks associated with reserves, scams, and evolving regulations.On a Tuesday morning in Nairobi, Amina sends an invoice to a client in Berlin. By afternoon, USDC has arrived in her wallet, and she quickly cashes out to M-Pesa. What once seemed experimental is now routine, thanks to services like Kotani Pay that link stablecoins to mobile money.Meanwhile, in Lagos, Chinedu operates a small shop and keeps his…
The Japanese investment firm Metaplanet has acquired an additional 5,268 Bitcoin, valued at approximately $600 million based on current market rates.On Wednesday, Metaplanet announced that this recent purchase brings its total Bitcoin (BTC) holdings to 30,823 BTC. This move propelled the Tokyo-listed company to become the fourth-largest corporate holder of Bitcoin, surpassing the Bitcoin Standard Treasury Company, as reported by BitcoinTreasuries.NET.The new acquisition was made at an average price of 17.39 million Japanese yen (approximately $116,000), aggregating to a total of $600 million. Following this purchase, Metaplanet’s total Bitcoin holdings have reached $3.6 billion, with an average acquisition price of…
Key takeaways: Stablecoins have become common tools for savings, payments, and trade in Nairobi and Lagos.Inflation, currency fluctuations, and high remittance fees drive their adoption.Connections to mobile money services make stablecoins feel accessible and useful.Concerns persist regarding reserves, scams, and evolving regulations.On a Tuesday morning in Nairobi, Amina sends an invoice to a client in Berlin. By afternoon, USDC is in her wallet, and in minutes, she cashes out to M-Pesa. What used to seem experimental is now routine, thanks to services like Kotani Pay linking stablecoins to mobile money.Meanwhile, in Lagos, Chinedu operates a small shop and keeps his working…