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TORN Surges Over 150% After US Appeals Court Lifted Tornado Cash Sanctions

On Jan. 22, TORN, the native token of Tornado Cash, skyrocketed by over 150% after a U.S. appeals court revoked the U.S. Treasury’s Office of Foreign Assets Control (OFAC) decision to sanction the cryptocurrency mixer. Tornado Cash’s TORN surged following the court ruling to as high as $25.48 from $8.12, the highest since November 2024. At the time of writing, TORN was trading at $16.3, up by 102% in the last 24 hours. In a historic court ruling for the crypto industry, the United States Court of Appeals for the Fifth Circuit said in a Jan. 21 filing that “the judgment of the district court is reversed,” as “ we hold that Tornado Cash’s immutable smart contracts (the lines of privacy-enabling software code) are not the `property` of a foreign national or entity, meaning (1) they cannot be blocked under IEEPA, and (2) OFAC overstepped its congressionally defined authority,” the court said referring to the International Emergency Economic Powers Act. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinTurk News

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Web3Bay: A New Era for Online Markets— Top Long-Term Crypto Investment Opportunity with 6430% ROI!

The future of online shopping is changing, with Web3Bay at the forefront. By integrating Web3 technology, Web3Bay crafts a decentralized market, enhancing control and opportunities for both buyers and sellers. This new setup reduces the usual high costs, mismanagement of data, and centralized governance of typical platforms, focusing instead on fairness, clarity, and rewarding participation. In this system, blockchain technology and community-based operations simplify and improve e-commerce. Buyers benefit from lower expenses and data privacy, while sellers gain more earnings and a broader customer base. As a promising crypto asset for long-term growth, Web3Bay transcends mere transactions, representing a forward leap in e-commerce dynamics. Ownership and Clarity in Transactions Traditional online shops often exploit customer data for profit. Web3Bay counters this with a blockchain structure that ensures users keep complete data control. This method records all transactions clearly and permanently, reducing reliance on middlemen. For consumers, this guarantees privacy and security in shopping data. Sellers gain direct access to their customers, fostering trust and improved engagement, and solving major issues found in old-style e-commerce. By valuing transparency and data control, Web3Bay offers a mutually beneficial environment for all users, bridging the trust deficit seen in conventional platforms. Lower Costs and Worldwide Reach Conventional online markets are known for their prohibitive fees. Web3Bay removes these barriers using smart contracts to automate services and slash costs significantly. Here, sellers keep a larger share of their profits, enabling business growth, while buyers save money, benefiting from the reduced fees passed down by sellers. The decentralized payment system of Web3Bay also supports smooth, unrestricted transactions globally, making it a universally accessible market. 3BAY Token Rewards and Presale Boom Web3Bay differentiates itself with a revolutionary tokenized reward system. Unlike standard platforms lacking meaningful incentives, Web3Bay incentivizes both buyers and sellers through the issuance of 3BAY tokens for their active participation. Shoppers accrue tokens by purchasing goods, writing reviews, and making referrals. These tokens are redeemable for discounts, can be staked for further rewards, or traded, making shopping a lucrative endeavor. Sellers utilize 3BAY tokens to boost product visibility, engage in governance, and expand their profit channels. This token-centric model synchronizes the platform’s expansion with user success, encouraging ongoing engagement and loyalty. Currently, in its fourth phase, the 3BAY token presale offers tokens at $0.004562625 each, having already raised $840,000, signaling robust community engagement. With a predicted ROI of 6430% from the start to the end of the presale, early investors are poised to substantially benefit as they gain a foothold in this evolving marketplace. The presale extends beyond simple token acquisition; it represents an opportunity to be part of a transformative movement in e-commerce. Early participants not only invest financially but also contribute to shaping the future direction of Web3Bay, maximizing the potential benefits of its forward-thinking model. Community Leadership and Transparent Operations Web3Bay empowers its users to shape the platform’s future through community-led governance. Unlike conventional platforms where choices are decided in secrecy, Web3Bay enables its users to vote on various policies, updates, and alterations to the platform. This inclusive approach ensures that both buyers and sellers actively participate in developing the ecosystem. Sellers have a say in policies affecting their operations, while buyers can support enhancements that improve their purchasing experiences. When combined with the clarity of blockchain technology, this governance structure guarantees a platform founded on mutual trust and cooperative effort. Additionally, Web3Bay tackles issues of fraud and counterfeit products through robust blockchain verification processes. Each product, review, and transaction is permanently recorded on the blockchain, ensuring both traceability and veracity. This level of transparency mitigates the typical uncertainties of online shopping, establishing a reliable and secure marketplace for all users. In a Nutshell! Web3Bay is redefining the e-commerce scene by addressing its traditional shortcomings through Web3 technology, ensuring transparency, fairness, and user benefits. It tackles high costs, data misuse, and incentive gaps while fostering a tokenized community that uplifts both buyers and sellers. Positioned as a leading crypto entity for substantial future growth, Web3Bay is ripe for early participation. The ongoing 3BAY token presale is an ideal opportunity to engage with a platform that’s set to redefine online shopping . Web3Bay isn’t just a marketplace; it’s a community-centric platform prioritizing its users. Join this transformative journey today. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ The post Web3Bay: A New Era for Online Markets— Top Long-Term Crypto Investment Opportunity with 6430% ROI! appeared first on TheCoinrise.com . CoinTurk News