The United States Department of Justice (DOJ) has opposed a motion seeking to dismiss conspiracy and money laundering charges against Roman Semenov, co-founder of Tornado Cash.
The DOJ contended that the defense’s motion introduced disputed facts best left for jury consideration, arguing it was premature for early-stage motions.
In response, DOJ prosecutors scrutinized the alleged crimes attributed to Semenov.
They contested the defense’s portrayal of Tornado Cash, highlighting its inception in 2019 as a crypto mixer service, comprising a website, user interface, smart contracts, and a network of “relayers.”
Accusing Roman Storm and co-developer Roman Semenov of conspiring to commit money laundering, operating an unlicensed money transmitter, and violating sanctions, U.S. authorities alleged that Tornado Cash facilitated funds laundering for entities like North Korea’s Lazarus Group.
While Storm pleaded not guilty to all charges in September 2023 and was released on a $2 million bond, Semenov clarified his role, stating he contributed to code design but disclaimed accountability for its usage.
Semenov’s legal team emphasized in their motion to dismiss that Tornado Cash doesn’t function as a custodial mixing service and doesn’t meet the criteria of a “financial institution.”
They argued Storm lacked control over the service to prevent its misuse by entities like Lazarus Group.
READ MORE: Franklin Templeton Launches Spot Ether ETF on DTCC Platform Amid SEC Review
Prosecutors led by Damian Williams countered, holding Semenov accountable for operating the cryptocurrency mixer and accused him of enabling criminal anonymity.
They criticized Tornado Cash’s co-founders for failing to implement sufficient changes to exclude sanctioned addresses.
These developments coincide with the U.S. government’s heightened scrutiny of crypto-mixing services.
Recently, on April 24, the CEO and CTO of Samourai Wallet, another cryptocurrency mixer, were arrested and charged with conspiracy to commit money laundering and operating an unlicensed money transmitting business, each carrying a maximum sentence of 20 and five years, respectively.
Ki Young Ju, CEO of CryptoQuant, noted that crypto mixing services aren’t inherently criminal, responding to the arrests of Samourai Wallet’s founders.
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Bitcoin‘s trajectory remains a subject of fervent speculation, with diverging views on whether its recent surge to $70,000 constitutes the peak of its current cycle.
Veteran trader Peter Brandt proposes an “exponential decay” pattern, indicating that Bitcoin’s successive cycles have seen diminishing peaks, with each reaching approximately 20% of the previous cycle’s peak gain.
Brandt estimates the current cycle’s top at $70,000, a mark already surpassed in March when prices briefly exceeded $73,000.
However, he acknowledges a 25% likelihood that Bitcoin has already crested this cycle.
READ MORE: Epic Satoshi from Fourth Bitcoin Halving Block Sells for $2.13 Million
Giovanni Santostasi, CEO of Quantonomy, rebuts Brandt’s theory, citing insufficient data for robust statistical analysis.
Instead, Santostasi proposes a model based on long-term power law behavior, projecting a fourth cycle peak around December 2025 at approximately $210,000, with a projected bottom for the subsequent cycle around $83,000.
Numerous experts offer their own predictions, with Swyftx lead analyst Pav Hundal foreseeing Bitcoin doubling by the 2028 halving, reaching an estimated $120,000.
Laurent Benayoun, CEO of Acheron Trading, anticipates a potential cycle peak of $180,000. Fidelity Digital Assets, meanwhile, revises its medium-term outlook for Bitcoin, asserting that it is “no longer cheap.”
The current price of Bitcoin stands at $62,528, a 15% decline from its mid-March all-time high.
Despite the variance in forecasts, the cryptocurrency market continues to captivate investors and analysts alike, with each theory offering its own perspective on Bitcoin’s trajectory and potential future peaks.
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Doge With Hat (DOGEHAT) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Doge With Hat (DOGEHAT), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Doge With Hat presents a similar opportunity.
Doge With Hat has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 5,300% in the coming two days, and Doge With Hat could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Doge With Hat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Doge With Hat on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Doge With Hat by entering its contract address – 2Tw3MJ2wCZZte6GvfaqVch3WQnwfdJByST7ih7e62yjb – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DOGEHAT.
The cryptocurrency market is experiencing a banner year in 2024! Digital assets across the board are surging, with established players like Bitcoin and Ethereum reaching new heights. But this boom isn’t just for early adopters. Even if you’re new to the crypto scene, there are ways to participate in this exciting market.
That’s where cloud mining comes in. Traditional mining methods require expensive hardware and technical expertise, creating a significant barrier for many investors. Cloud mining removes these hurdles. It allows you to leverage the power of remote computing facilities to mine cryptocurrency without upfront costs or technical knowledge.
The future of cloud mining looks bright. As the popularity of cryptocurrency continues to grow, so too will the demand for accessible mining solutions. Cloud mining offers a convenient and potentially profitable way for individuals to participate in the crypto revolution.
In this blog post, we’ll explore how ARKMining can help you grow your income stream through its user-friendly platform and attractive referral program.
What is Cloud Mining and How it Works?
Cloud mining simplifies cryptocurrency mining by using powerful computers owned by companies that rent out their processing power. Unlike traditional mining, which requires substantial investment in equipment and technical expertise, cloud mining enables individuals to participate remotely for a fee. This fee grants users access to the company’s computing resources, allowing them to engage in mining activities without needing physical hardware or extensive technical knowledge.
While cloud mining offers accessibility and convenience, it comes with considerations. Shared computing power may result in smaller profits than owning personal mining rigs, and users must contend with fees charged by cloud mining companies. Despite these factors, cloud mining democratizes the mining process, making it accessible to a broader audience. However, before investing, potential participants should conduct thorough research to understand the costs, benefits, and risks associated with cloud mining.
How to Being Cloud Mining: A Step-by-Step Guide
The cryptocurrency market’s growth has sparked interest in cloud mining, a way to participate without the hefty costs and technical complexities of traditional mining.
But before you jump in, here’s a detailed roadmap to guide you through the process:
Step 1: Research and Choose a Cloud Mining Provider
Not all cloud mining companies are created equal. When considering a cloud mining provider, several factors demand attention.
Firstly, opt for established companies with a solid reputation, verified through online reviews and industry forums. Transparency is key; ensure the provider clearly outlines their pricing structure, hashing power options, and profit estimates to foster trust. Understanding all associated fees, including rental costs, maintenance fees, and withdrawal fees, is essential; compare fees across different providers for informed decision-making.
Additionally, scrutinize contract terms, including duration and termination clauses, as many cloud mining providers lock users into specific periods. Finally, exercise caution with profit projections, as unrealistic guarantees may not align with the volatile nature of cryptocurrency markets. Investors can navigate the cloud mining landscape more effectively by considering these factors meticulously.
ARKMining is one of the best platforms that meet all these criteria and is a go-to platform for beginners and experienced investors.
Advantages of ARKMining cloud mining platform:
- Sign up and get a $50 bonus instantly.
- High profitability levels and daily payouts.
- There are no other services or administrative fees.
- Users can generate more than 6 other currencies using the platform.
- The company’s affiliate program allows you to refer friends and earn up to $2,000 in referral bonuses.
- McAfee® security protection. Cloudflare® Security Protection.
- Backed by a 100% uptime guarantee and excellent 24/7 technical support.
Step 2: Create an Account with Your Chosen Provider
Once you’ve selected a reputable cloud mining company, head over to their website and follow the instructions to create an account. This usually involves providing basic personal information and setting up a secure password. In the present case, ARKMining is the platform that does not ask you for too much. This means the sign-up process is straightforward. All you need is your email address, and you can start mining Bitcoins on the go.
Step 3: Choose a Cloud Mining Plan
Cloud mining providers offer various plans with different levels of hashing power. Hashing power essentially determines your potential mining output. Higher hashing power generally means a higher chance of earning cryptocurrency, but it also comes at a higher cost. Choose a plan that aligns with your budget and risk tolerance.
ARKMining also offers various mining contract options, such as $200, $600, and $1200 packages. Each has a unique ROI and a specific contract length.
| Contract Price | Contract Terms | Fixed Return | Daily Rate |
| $50 | 1 Day | $50 + $1 | 2% |
| $200 | 1 Day | $200 + $5 | 2.50% |
| $600 | 3 Days | $600 + $29.70 | 1.65% |
| $1,200 | 5 Days | $1200 + $108 | 1.80% |
| $3,600 | 6 Days | $3600 + $410 | 1.90% |
ARKMining‘s Affiliate Programs
With the recent introduction of an affiliate program by ARKMining, users now have the opportunity to earn money by referring others to the platform. This program enables individuals to generate income without making any investments themselves. By inviting a specified number of active referrals, users can unlock a fixed bonus of up to $2,000. Moreover, there’s no limit to the number of referrals one can make, offering unlimited earning potential to participants in the program.
Final Words
Cloud mining offers an enticing opportunity for passive income in cryptocurrency. It involves renting computing power from companies that own large-scale mining setups, allowing you to participate in mining without the hassle of managing hardware and technical complexities. Before diving in, it’s crucial to thoroughly research different cloud mining providers, considering factors like reputation, transparency, fees, and contract terms. ARKMining is a stand-alone platform for quality services and a unique referral program, so consider it while beginning your cloud mining journey.
For additional information on ARKMining, please visit their website at: https://arkmining.com
Homo Dogecoin (HODOGE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Homo Dogecoin (HODOGE), a new Solana memecoin that was launched this week, is poised to explode over 8,000% in price in the coming days.
This is because HODOGE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Homo Dogecoin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Homo Dogecoin could become the next viral memecoin.
Homo Dogecoin launched with over $54,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Homo Dogecoin on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Homo Dogecoin by entering its contract address – DJZH5cyaQNzyRVVMEyvhNfGZm7x6JswKvtVAUw91syVR – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HODOGE.
Doge With Hat (DOGEHAT) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Doge With Hat (DOGEHAT), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Doge With Hat presents a similar opportunity.
Doge With Hat has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 5,300% in the coming two days, and Doge With Hat could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Doge With Hat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Doge With Hat on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Doge With Hat by entering its contract address – 2Tw3MJ2wCZZte6GvfaqVch3WQnwfdJByST7ih7e62yjb – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DOGEHAT.
Dapper Duck (DAPDUCK) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Dapper Duck (DAPDUCK), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Dapper Duck presents a similar opportunity.
Dapper Duck has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 7,400% in the coming three days, and Dapper Duck could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Dapper Duck can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Dapper Duck on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Dapper Duck by entering its contract address – Aeem6NMbRzcLCFxJWCYWatevYLEKEi1P1YkkYJv7dgUd – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DAPDUCK.
The Central Bank of Nigeria (CBN) has refuted a report claiming it issued a directive mandating banks and financial institutions to identify individuals or entities involved in transactions with cryptocurrency exchanges, placing such accounts on Post No Debit (PND) instruction for six months.
A “Post No Debit” (PND) instruction restricts certain transactions on a customer’s account, prohibiting debit transactions, including withdrawals and payments.
Initially denying the report, the CBN later retracted its denial, confirming the allegations were false.
The bank asserted its commitment to identifying and penalizing those engaging in illegal buying and selling of Tether, particularly through peer-to-peer (P2P) methods.
The purported circular also indicated that regulated financial institutions involved in crypto or facilitating payments for crypto exchanges are prohibited.
However, this conflicts with a previous ban lifted in December 2023, allowing banks to facilitate transactions for crypto exchanges.
The CBN lifted the ban nearly two years after implementing a comprehensive ban on banks’ involvement with digital currencies.
READ MORE: SEC Lawyers Resign Following Court Rebuke for Misconduct in Crypto Case
In a statement, the CBN acknowledged the global surge in demand and adoption of crypto, deeming it unjustifiable to maintain stringent restrictions on financial institutions as imposed in 2021.
However, amidst the rapid devaluation of the naira and an inflation rate of 29.9%, the government shifted focus to platforms offering cryptocurrency services.
It disabled websites associated with crypto trading, known for setting informal valuations for the naira.
Binance faced significant scrutiny when the CBN expressed concerns over “suspicious financial transactions” through Binance Nigeria in 2023.
CBN head Olayemi Cardoso disclosed that $26 billion had flowed through Nigeria via Binance in 2023 from unidentified sources and users.
Further complicating matters, Binance executive Tigran Gambaryan, based in the United States, was detained in Nigeria, facing five charges related to money laundering following discussions with Nigerian officials regarding Binance’s regulatory compliance.
Another executive, Nadeem Anjarwalla, who participated in these discussions, subsequently escaped custody and was tracked down in Kenya, facing extradition.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Doge With Hat (DOGEHAT) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Doge With Hat (DOGEHAT), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Doge With Hat presents a similar opportunity.
Doge With Hat has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 5,300% in the coming two days, and Doge With Hat could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Doge With Hat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Doge With Hat on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Doge With Hat by entering its contract address – 2Tw3MJ2wCZZte6GvfaqVch3WQnwfdJByST7ih7e62yjb – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DOGEHAT.
The Shiba Inu community’s expansion strategy for ShibaSwap marks a significant milestone in the development of the ecosystem.
Lucie’s announcement regarding the expansion to both Ethereum and Shibarium chains reflects a strategic move to broaden the platform’s reach and utility.
ShibaSwap, already a vital component of the Shiba Inu ecosystem, will now extend its services to encompass a wider range of users and tokens.
The inclusion of Ethereum and Shibarium brings several advantages to ShibaSwap.
Firstly, it strengthens the security infrastructure by leveraging the robust security protocols of these layer-1 blockchain networks.
Whether through Ethereum’s proof-of-work or proof-of-stake mechanisms or Shibarium’s own security features, the expansion bolsters the resilience of the ecosystem against potential threats.
Moreover, tapping into the Ethereum and Shibarium ecosystems enhances ShibaSwap’s interoperability, facilitating seamless interactions with other tokens, decentralized applications (dApps), and exchanges.
This interoperability opens up new avenues for users, enabling them to access a broader spectrum of services within the crypto landscape.
READ MORE: Shiba Inu Prepares for Shibarium Network Overhaul with May 2nd Hard Fork
Additionally, the integration with layer-1 networks ensures that ShibaSwap remains deeply entrenched in the core infrastructure of the crypto space.
While layer-2 solutions offer faster transactions, the foundational processes of token creation and management primarily occur on layer 1.
By expanding to Ethereum and Shibarium, ShibaSwap ensures its continued relevance and centrality within the crypto ecosystem.
The reliance of SHIB, BONE, and LEASH tokens on layer-1 blockchains for security, interoperability, and fundamental token operations highlights the interconnected nature of different layers within the crypto landscape.
This expansion not only showcases Shiba Inu’s commitment to innovation but also paves the way for a new era of growth and opportunity within its ecosystem of tokens.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.