I’m a bear on crypto. I am not a believer in the ‘bitcoin to a mil this year’ group of acolytes. Bitcoin could hit $1m, for several reasons, but not this cycle.
The Silk Road creator walked free on Jan. 22 after 12 years in prison. Wallets tied to him are rumored to be worth around $47 million.
Kansas Senator Elaine Bowers has proposed Senate Bill No. 34, a groundbreaking measure that could enable the Kansas…
Solana price surged by another 5.6% as it reached $271 on Wednesday bringing its 10-day timeframe gains above. Market reports suggest the latest rally is linking to CME group listing SOL on the world’s largest derivatives exchange. Solana Price Crosses $270 Threshold as Bloomberg Analysts Confirm SOL Futures Launch by CME Group Solana (SOL) surged past $270 on Wednesday, marking a 5.6% gain, bringing its 10-day rally to impressive heights. The recent momentum is closely tied to CME Group’s announcement of upcoming futures contracts for Solana and XRP, slated for launch on February 10, pending regulatory approval. Solana Price Action after Bloomberg analysts confirmed XRP and SOL futures launch by CME Group, January 22, 2025. Bloomberg analyst Eric Balchunas confirmed the development, emphasizing its potential to drive institutional interest in Solana. Balchunas also noted that a Solana futures ETF could debut by mid-March, further legitimizing SOL as a key player in the crypto market. Market observers believe this move could enhance liquidity and solidify Solana’s position among institutional investors. CME Group’s decision to list Solana and XRP futures is being hailed as a game-changer for the crypto derivatives market. The world’s largest derivatives exchange is expected to provide a regulated framework for institutional traders to gain exposure to Solana, potentially accelerating its path toward a $300 price target. With SOL price already climbing above $271, analysts are optimistic about further upside, especially as the futures launch date nears. Increased trading volume and broader market optimism surrounding institutional adoption could prolong Solana’s bullish trajectory in the weeks ahead. Solana Price Forecast: $300 Breakout Ahead if $275 Resistance Caves Solana price forecast charts paints an optimistic outlook, having rallied 47.78% over the past nine days, recently peaking at $271. The chart highlights a narrowing Keltner Channel (KC) with the upper boundary at $269.79. A breakout above this level could target the psychological $300 resistance. However, bearish pressure may strengthen if SOL remains capped below $275. Solana price forecast | SOLUSD The MACD indicator is trending bullish, with the blue line above the signal line, accompanied by expanding green histograms. This reflects strong momentum, which aligns with the 5.6% gain observed in the last session. However, the histogram’s narrowing height could signal waning momentum, leaving room for sellers to regain control. In a bullish scenario, clearing $275 resistance would confirm continuation, pushing SOL towards $300 as bullish sentiment builds. Conversely, a bearish breakdown below $250 could send SOL into a corrective phase, testing $221.64, the Keltner Channel’s midline, as immediate support. The post Solana Price Eyes $300 Breakout as World’s Largest Derivatives Exchange Announces XRP and SOL Futures appeared first on CoinGape .
Roman Storm, co-founder of Tornado Cash, has addressed the ongoing legal case against him after sanctions on the privacy-focused cryptocurrency platform were lifted. Storm, who is currently facing charges that include conspiracy to commit money laundering and operating an unlicensed money-transmitting business, raised concerns about the prosecution’s wider effects on software developers and the technology industry. Roman Storm Breaks Silence On Lifted Sanctions In a post on X (formerly Twitter), Roman Storm has stated that he is being prosecuted for writing open-source code that enables private, non-custodial cryptocurrency transactions. He pointed out that if his case were to be used as a precedent, it would pose a serious concern for software developers. “This prosecution threatens to criminalize software development itself,” Storm’s legal counsel, Keri Axel, elaborated. Storm echoed the same sentiments saying that the charges against him could deter other people from developing software and innovating in various industries. The charges follow from the fact that Tornado Cash was operating as a decentralized cryptocurrency tumbling service. The US government has accused the company of promoting unlawful activities such as money laundering and the evasion of sanctions. Storm, a Romanian lawyer, claims that Tornado Cash is a tool and each tool has potential usage, like many other software platforms, and developers cannot be prosecuted for misusing the tool by somebody. Tornado Cash Co-Founder Legal Support Roman Storm has been supported by various advocacy groups, including the DeFi Education Fund, Coin Center, and the Blockchain Association, which have filed amicus briefs in his defense. These organizations stated that by banning Tornado Cash and going after its developers is a violation of open-source principles as well as individual rights to privacy. As stated in the DeFi Education Fund’s documents, the US Treasury Department’s sanctions on Tornado Cash in 2022 were found to be unlawful in November 2023 by a Texas court. The Treasury had no right to sanction the platform, and the court pointed this out. However, the Department of Justice has dropped the ruling and has continued to retain charges against Storm and his co-founder Alexey Pertsev. Vitalik Buterin’s Stance on Tornado Cash Lawsuit According to Roman Storm, the current situation has already deterred developers from contributing to the creation of new and advanced software tools. He cited a case of another developer who had accused the prosecution of making them apprehensive of issuing new software. This concern has been echoed among the tech and crypto enthusiasts. The most recent of them is the co-founder of Ethereum known as Vitalik Buterin who has recently come to defend Storm and others who are struggling through legal procedures, including the ETH developer Virgil Griffith and Silk Road creator Ross Ulbricht . Buterin called on the US authorities to concentrate on the individuals who use the tools for criminal purposes rather than on the developers of the tools. At the same time, American entrepreneur and politician Vivek Ramaswamy spoke about the charges brought against Storm: “You cannot pursue the creators of code.” What you actually need to do is go after individual bad actors who are breaking the laws that already exist.” Amid this lawsuit update, Tornado Cash (TORN) price has surged in the last 24 hours with the price swaying between an intra-day high and low of $7.80 and $25.94, respectively. At press time, TORN price was trading at $20.81, a 160% surge from the support level. The post Tornado Cash Co Founder Roman Storm Breaks Silence On Lifted Sanctions appeared first on CoinGape .
Justin Sun proposes to halt ETH sales to stabilize the market. Layer 2 tax implementation aims to generate significant revenue. Continue Reading: Justin Sun Proposes Bold Moves to Elevate Ethereum’s Price The post Justin Sun Proposes Bold Moves to Elevate Ethereum’s Price appeared first on COINTURK NEWS .
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The landscape of cryptocurrency is witnessing significant developments, particularly as BlackRock’s CEO projects a potentially explosive future for Bitcoin. In a recent discussion at the World Economic Forum, Larry Fink
Roman Storm, co-founder of the non-custodial privacy protocol Tornado Cash, has publicly spoken about the charges against him.…
The CEO of Bitcoin ETF giant BlackRock said that continued adoption of BTC could push the asset's price to a multiple of the current mark.