Today in the Southern District of New York (SDNY), Tornado Cash co-founder Roman Storm was found guilty of the second count on his indictment, conspiracy to operate an unlicensed money transmitting business.

The Tornado Cash trial has concluded.

Roman Storm has been found guilty of the conspiracy to operate an unlicensed MTB charge.

Here are my thoughts on the outcome, the government’s (rejected) motion to remand Storm, and what comes next. pic.twitter.com/T41TtEL9Kh

— Frank Corva (@frankcorva) August 6, 2025

The jury did not come to a unanimous verdict on the other two counts — conspiracy to commit money laundering and conspiracy to violate sanctions.

The jury arrived…

Read more on BitcoinMagazine

Bitcoin doesn’t scale.

That shouldn’t be read to mean that Bitcoin, the asset, or different ways to use it don’t scale. But Bitcoin’s blockchain does not scale. This is a fundamental and undeniable reality of its architecture. We’ve known this definitively since the Blocksize Wars (well, Bitcoiners have known this). Some people, such as James A. Donald — an anonymous cryptographer who was the first person to reply to Satoshi on the cryptography mailing list — and Hal Finney himself, knew this from the very beginning.

It is not possible for every person on Earth to have to receive, verify and retransmit the transactions of every other person on the planet. The…

Read more on BitcoinMagazine

Today, Acacia Research Corporation (Nasdaq: ACTG) has announced a new partnership with Unchained and Build Asset Management, focusing on a Bitcoin-backed commercial loan strategy designed to offer attractive, risk-adjusted returns while expanding Acacia’s exposure to the rapidly growing Bitcoin ecosystem.

“We are very excited to partner with Unchained and Build for this Bitcoin-backed loan strategy,” said Martin (“MJ”) D. McNulty, Jr., Chief Executive Officer of Acacia. “Investors around the world are increasingly looking to capitalize on the value Bitcoin provides as a secure source of quality collateral.”

According to the press release, the partnership will see…

Read more on BitcoinMagazine

PayPal, a household name for digital payments in Canada, is now officially integrated with Coinbase, one of the world’s leading crypto exchanges. With nearly 10 million active PayPal users across the country, Canadians can now buy cryptocurrencies faster and more securely using a platform they already trust. This new option complements existing methods like Interac e-Transfer and debit cards, making crypto funding more seamless for everyday users.

The partnership marks a major step in making crypto more accessible for the mainstream. John Froese, Senior Vice President at PayPal, stated, “Our partnership with Coinbase makes accessing and funding crypto accounts effortless, opening new doors to the digital economy.” With over five million Canadians already owning crypto, this move is expected to draw even more into the growing digital asset space by removing friction from the buying process.

Coinbase is also celebrating a successful July, with $1.5 billion in Q2 revenue and key regulatory wins. New launches, including perpetual futures trading and the Base app with a 700,000+ waitlist, reinforce the company’s bold vision for the future of decentralized finance.

Source

Today, Sazmining announced it has become the first mining-as-a-service company to integrate Square’s payment platform, offering customers a faster and more reliable way to purchase mining hardware and services. 

According to a press release sent to Bitcoin Magazine, the integration allows payments via credit and debit cards, Apple Pay, Google Pay, Cash App Pay, ACH and also supports Bitcoin, Lightning, Tether and wire transfers.

The move comes as Sazmining reports 350% year-over-year growth with active mining sites in North America, South America, and Europe. By using Square’s APIs through Zaprite, the company continues simplifying the Bitcoin mining process for…

Read more on BitcoinMagazine

Bitcoin price remained steady around $114,000 on Wednesday as Smarter Web Company, a UK-based technology firm, announced the launch of a groundbreaking $21 million Bitcoin-denominated convertible bond, marking another milestone in the growing institutional adoption of Bitcoin-based financial instruments.

The three-year convertible bond, denominated in Bitcoin, represents one of the first such offerings by a publicly traded company in the United Kingdom. The innovative financial instrument allows investors to participate in both Bitcoin’s potential price appreciation and the company’s equity growth.

“We have been building our Bitcoin-backed balance sheet with laser focus,…

Read more on BitcoinMagazine

Satsuma Technology, formerly known as TAO Alpha PLC, has boosted its Bitcoin reserves to 1,126 BTC—valued at approximately $128 million—after closing a major funding round. The UK-based blockchain and AI infrastructure firm raised $218 million in a round led by ParaFi Capital, with participation from Pantera Capital, Digital Currency Group (DCG), Kraken.com, and several major institutional investors managing over £300 billion in assets.

A groundbreaking portion of the funding—1,097 BTC worth around £96.9 million—was settled directly in Bitcoin, marking London’s first-ever BTC-based subscription for such a round. The Bitcoin is being held by Satsuma’s Singapore-registered subsidiary, signaling a strong belief in crypto as a core financial asset. CEO Henry Elder called the oversubscribed round a “validation” of their vision to integrate a Bitcoin-native treasury with decentralized AI.

Proceeds from the raise will fuel team expansion and product development, while reinforcing Satsuma’s position as a crypto-forward leader in the UK tech sector. Elder emphasized that London is poised to become a global hub for innovation in decentralized AI and blockchain finance.

Source