While Tornado Cash developers are fearing for their lives, Do Kwon is "partying," according to podcaster Eric Conner. As the Terra (LUNA) co-founder and CEO Do Kwon breaks his silence about the collapse of the algorithmic stablecoin Terra USD (UST) and LUNA, the community responded with various sentiments against the Terra executive. Despite Kwon’s attempts to clear his name in an interview, community members remain unhappy with the Terra CEO. In a tweet, podcaster Eric Conner compared Do Kwon's situation with the Tornado Cash developer who has been arrested. According to Conner, Kwon....
Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation
Singaporean law offers temporary protection against any legal proceedings and claims, which the company believes would provide a breathing space to focus on its recovery plan. Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in the current bear market.The crypto lender informed its users in a Tuesday announcement that they have applied to the Singapore High Court to be placed under judicial management. The firm said:“We are aiming to avoid a forced liquidation of our assets as....
‘Durmientes’ Aims to Be One of the First Films Funded Fully With NFT Sales in...
“Durmientes,” a new movie that will be directed by Gibran Bazan, a Mexican filmmaker, aims to be funded fully by the sale of a series of non-fungible tokens (NFTs). The NFTs, which will be sold on Metaown, a Mexico-based NFT marketplace, and designed by artist Gabriel Colin, will feature 3D models that will be connected […]
Blue chip NFT performance fails recovery, but investors HODL even harder
In the last 30 days, over 53% of NFT investors made losses on sale trades. Despite the cold market sentiment, the number of investors that hold their NFT investments continues to rise. The market performance of blue chip nonfungible tokens (NFTs), often considered a good long-term investment, revisited its all-time low range for the second time since June 2022 — falling down below 10,000 Ether (ETH) in the blue-chip index maintained by NFTGo.Blue chip NFTs marked their best performance not too long ago, on April 29, amounting to nearly 14,900 ETH. However, June 13 was the worst performing....
Making Lifelong Friendships Through Common Ground In Bitcoin
Bitcoiners often share similar values and are out to achieve the same mission. This alignment creates strong relationships with people from around the world.Watch This Episode On YouTube Or RumbleListen To The Episode Here:AppleSpotifyGoogleLibsynPleb Music: Regarding Bitcoin Maximalism and all of that toxicity, I'm of the opinion that it's a very good thing that our space has it because there's just so much shit going on, so much scamming and it's very hard for people to grasp through it. If you mention Bitcoin, a lot of people who get new into it can't really distinguish it between....
Brazil brokerage giant with 3.6M clients launches BTC and ETH trading
XP Inc has become the latest Brazilian fintech player to offer crypto trading services, following Nubank and MercadoLibre. Brazilian brokerage giant XP Inc has officially launched its crypto trading platform ‘XTAGE' in Brazil, bringing a potential 3.6 million users to the crypto markets. The news was broke in an Aug. 15 post by the Nasdaq Exchange Twitter account, noting that XP had rung the exchange's “Opening Bell” to celebrate the launch of the XTAGE digital assets trading platform. [email protected] joins us for the Opening Bell to celebrate the XTAGE digital assets trading....
XRP Sluggish At Resistance – Will It Break Out After 2 Months Of Vertigo?
XRP is seen to be stuck and on tepid waters as the price is not wandering off from $0.3 to $0.39 for two months. XRP experiencing weakness with price stuck at $0.3 to $0.39 Price hinting a bearish squeeze Price nearing a breakout and a plunge of 52% The current sluggishness that XRP price is going through is severely pinning and stopping the bulls from making any move in the upward direction. Related Reading: Dogecoin Ready For 4th Straight Week Of Gains – Even Without Elon Musk’s Backing XRP Falling Short, Unable To Jump Higher On the daily chart, XRP structure has looked bullish with its....
Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo. According to Galaxy the termination of the deal was due to Bitgo’s “failure to deliver” audited financial statements for 2021. Galaxy Ends Deal With the Crypto Custodian Bitgo On Monday, Galaxy Digital Holdings (TSX: GLXY) explained that the company has terminated a proposed $1.2 billion stock and cash deal that would allow the crypto firm to acquire the digital asset....
Expansion of short-term BTC holders suggests 'final flush' of sellers
Short-term holders expanding their BTC holdings indicates that heavy sell-offs have taken place. A recent spike in short-term BTC holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months of accumulation. The latest The Week On Chain report from market analysis firm Glassnode on Aug. 15 points out that short-term holders (STHs) have expanded their holdings by 330,000 BTC since May’s catastrophic LUNA collapse. As a result, they may be the canary in the coal mine signaling the path to market recovery.During the mass....
Australian Securities Exchange takes step towards tokenized asset trading
“There's a strong value proposition here that we can essentially tokenize any asset and bridge that into the ASX ecosystem,” said Zerocap CEO Ryan McCall. Companies on the Australian Securities Exchange (ASX) could be able to trade tokenized bonds, equities, funds, or carbon credits after a successful proof-of-concept trial led by the digital asset investment platform Zerocap. On Monday, Melbourne-based digital asset investment platform Zerocap told Cointelegraph it had successfully used Synfini to bridge over its custody infrastructure onto the platform as part of a trial program,....
Crypto’s Dominance Across Africa Shows No Signs Of Slowing
Despite the prevailing market conditions, cryptocurrency adoption, primarily across emerging economies, continues to grow unabated. This reality, in turn, is driving investor interest in these potential markets. For instance, the African blockchain landscape is currently attracting significant funding from prominent venture capital firms as well as angel investors. Recently, the Central African Republic (CAR), following […]
Getting Stuff For Free Costs A Fortune
While many people cheered their stimulus checks, those same people are unaware of the long-term price they’re paying for endlessly increasing monetary units.This is an opinion editorial by Andrew Keir, an author of a daily newsletter, where he dives deeply into the transformational nature of Bitcoin.This article was inspired by a tweet from Guy Swann, “Getting stuff for free costs a fortune,” which precisely sums up the state of play under a fiat monetary system: a system that allows for the endless increase of the monetary units at the hand of small, mafia-like cartel, and at the expense....
Challenging Tiffany & Co. and What Could be the Most Expensive Public Sale in...
Are diamonds an NFT holder’s best friend? The answer might be yes for a few hundred CryptoPunks holders, and it could soon be the same for thousands of others. Tiffany & Co., the well-known luxury jeweler and specialty retailer, made a lavish entrance into the NFT space this month, raking in more than $12.5 million from its first NFT collection that sold out less than 30 minutes after launch. Limited to a supply of 250, the exclusive collection is the fruit of a partnership between Tiffany and Chain, a blockchain software development company. Tiffany first announced its unique NFT....
TA: Ethereum Consolidates Below $2K: What Could Trigger A Sharp Decline?
Ethereum started a downside correction from the $2,000 resistance against the US Dollar. ETH is consolidating and might decline further towards $1,810. Ethereum started a downside correction below the $1,950 level. The price is now trading below $1,950 and the 100 hourly simple moving average. There was a break below a connecting bullish trend line with support near $1,925 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline if it stays below the $1,950 pivot level. Ethereum Price Dips Ethereum made a couple of attempts to gain strength above the $2,000....
Bitcoin Price Trades A Little Over $24,000, Can It Target $27,000?
Bitcoin price peeped above the $24,000 price level after falling from the $25,000 mark few trading sessions ago. Over the past week Bitcoin secured a 6% gain and on the daily chart the coin fell by 1%. This had pointed towards a sign of consolidation. Bitcoin price had formed higher highs and high lows which are an indication of bullishness on the chart. Incase the king coin manages to remain above the $24,000 mark for a substantial period of time, it can aim at $27,000 over the upcoming trading sessions. In case the coin loses momentum, it can fall to $23,000 level. Technical outlook for....
Korean regulators investigate banks over $6.5B tied to Kimchi premium
South Korean financial regulators are looking into the massive amount of foreign remittances of cash that came from crypto exchanges. South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency. According to an Aug. 15 report from Asia Times, the Financial Supervisory Service (FSS) ordered an investigation into South Korean banks last month after identifying a significant amount of overseas remittance transactions at the end of June.The investigation found that a....
Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorit...
India’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms. Indian Finance Minister Cautions About Crypto Indian Finance Minister Nirmala Sitharaman reportedly warned about cryptocurrency Saturday at an event organized by the BJP Economic Cell. She cautioned the public and entrepreneurs that cryptocurrency is not currency, stating: The government has already warned. I think all of us will have to share our thoughts and move with a....
Bitcoin Is Mathematically Perfect With Patterns Of The Universe
There are mathematical patterns throughout Bitcoin that repeatedly result in the numbers 3, 6 and 9, which show it may be the key to the universe.This is an opinion editorial by Ella Hough, a student at Cornell University, pursuing degrees in cognitive science and moral psychology.Recently, I’ve been looking into some of the numbers associated with Bitcoin. While I haven’t exactly come to an overarching conclusion, I find the very common presence of 0, 1, 2, and 6 together fascinating, along with 3 and 9. The reason for my fascination came after reading the following quote and explanation....
19 celebrities called out by consumer watchdog group for shilling NFTs
Consumer watchdog group Truth in Advertising says celebrities promoting non-fungible tokens (NFTs) on their social media channels is an area "rife with deception." Consumer watchdog group Truth in Advertising (TINA.org) has called out 19 celebrities for allegedly promoting non-fungible tokens (NFTs) without disclosing their connection to the projects. The not-for-profit consumer advocacy organization said on their website they investigated "celebrities who promote non-fungible tokens (NFTs) on their social media channels", finding that "it is an area rife with deception."Among the....
TA: Bitcoin Price Below 100 SMA Could Spark Bearish Reaction
Bitcoin is slowly moving lower below $24,500 against the US Dollar. BTC could drop in the short-term if it stays below the 100 hourly SMA. Bitcoin started a downside correction after it failed to settle above $25,000. The price is now trading below the $24,500 level and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $24,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below the $23,780 and $23,500 support levels in the short-term. Bitcoin Price Breaks Support Bitcoin price attempted....
Shiba Inu Price Forms Cup And Handle Pattern, What Does This Mean?
Shiba Inu Price had registered substantial gain over the last week. In the last 24 hours however, the coin moved down on its chart. The meme-coin had broken past its cup and handle pattern that was being formed for the past several months. This had pointed towards signs of bullishness. Despite a fall in Shiba Inu price, the technical outlook of the coin continued to remain positive at the time of writing. If Shiba Inu manages to remain above the $0.000015 level then the meme-coin could trade near the $0.000021 price mark. This meant that Shiba Inu price could rally by almost 50% in the....
Crypto Exchange Zipmex Granted Three Month Creditor Protection From Singapore...
Crypto Exchange Zipmex has just received a moratorium extension from Singapore High Court. At the moment, Zipmex has more than three months of creditor protection. This will give the crypto exchange some more time so that they could devise the next steps of their funding plan. Zipmex had filed for bankruptcy protection and had also […]
JPMorgan Boss Jamie Dimon Warns ‘Something Worse’ Than a Recession Could Be C...
JPMorgan CEO Jamie Dimon has shared his predictions for the U.S. economy, including a chance of “something worse” than a recession. “There are storm clouds,” the executive said, citing interest rates, QT, oil, Ukraine, war, and China. JPMorgan Chief Jamie Dimon’s Economic Forecasts JPMorgan’s chairman and chief executive officer, Jamie Dimon, reportedly shared his predictions about where the U.S. economy is headed during a client call last week, Yahoo Finance reported Saturday. While noting that the U.S. economy is strong, with consumers’....
Ethereum Hits New Milestone, Investors Accumulate Ahead Of Merge
The Ethereum deposit staking contract has seen increased interest since developers announced that the Merge is likely to happen next month in September. This move to proof of stake will see miners be flushed out in favor of validators who earn rewards for staking their ETH, and more investors want to take advantage of this. This has seen Ethereum hit new milestones, while the most recent one has to do with the amount of ETH staked. Staked ETH Crosses 13.3 Million Staked ETH on the Ethereum network has now reached a new milestone of 13.3 million. This number has been a long time in the....
Here’s Why Scaramucci Expects Bitcoin Price To Reach $300,000 Before 2030
The market recovery has seen the bitcoin price reach higher highs than expected in the short term. This has come following the announcement that the inflation rate of the US is slowing down, and more investors are bullish once more in the market. But even as the price of bitcoin continues to rise, there is […]
Ethereum Rejects $2k, Retest Of $1,800 Imminent
The current Ethereum price analysis is bearish due to multiple instances over the previous day of rejection for additional upward. As a result, we anticipate ETH/USD to drop below $1,900 and then retest $1,800 as support. Ethereum Rejects Upside Since reaching a daily high of $2012, Ethereum has corrected by 6.6%. The price range between $1700 and $1800 is the crucial support level, and it is crucial for ETH to maintain above it to stop any further falls. Technically speaking, Ethereum is advancing inside a rising wedge (in yellow), which is a bearish trend. The trade volume on Binance is....
EU Creates New Regulator For Crypto Oversight
The European Union (EU) is planning to create a sixth “Anti-Money Laundering Authority” that will be specifically responsible for regulating the cryptocurrency industry. While the Markets in Crypto Assets regulation and the contentious Transfer of Funds Regulation have received the majority of attention from the cryptocurrency industry, they are only a small part of a […]
Traders flinch after Ethereum price rejects at $2,000
Data shows pro traders are slightly skeptical of the strength of Ethereum’s rally after ETH price sold off at the $2,000 resistance. Ether (ETH) rejected the $2,000 resistance on Aug. 14, but the solid 82.8% gain since the rising wedge formation started on July 13 certainly seems like a victory for bulls. Undoubtedly, the "ultrasound money" dream gets closer as the network expects the Merge transaction to a proof-of-stake (PoS) consensus network on Sept. 16. Ether price index in USD, 12-hour chart. Source: TradingViewSome critics point out that the transition out of proof-of-work (PoW)....
Spending $276M in Ether — Colossal Ethereum Whale That Participated in the Ge...
After three years of dormancy, a massive ethereum whale that participated in the project’s first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over $276 million using today’s ethereum exchange rates. Mega Ethereum Whale Distributes 145,000 Ether to 9 Different Addresses On August 14, 2022, onchain data indicates that a whale who participated in the Ethereum Genesis ICO has moved 145,000 ETH to various addresses. The funds were worth $276 million using current ETH exchange rates. It was the first time the Genesis ICO....
Why The U.S. Fed Could Give Crypto Banks Access To Legacy Banking System
According to a press release, the U.S. Federal Reserve (Fed) might provide crypto banks and other entities with access to Federal Reserve accounts and payment services. Following two proposals from the Federal Reserve Board in May 2021 and March 2022, the institution has arrived at final guidelines for these purposes. Related Reading: MakerDAO Set To […]
BitGo to sue Galaxy Digital for $100M over dropped acquisition
"Either Galaxy owes BitGo a $100 million termination fee as promised or it has been acting in bad faith and faces damages of that much or more," said R. Brian Timmons. Digital asset custodian BitGo said it planned to seek more than $100 million in damages from Galaxy Digital, alleging the investment firm owed the funds as part of a “reverse break fee” in its decision to terminate an acquisition agreement.In a Monday blog post, BitGo referred to Galaxy’s actions as “improper” in claiming a breach of contract to drop an agreement to acquire the digital asset custodian. BitGo has enlisted the....
Coin Center may challenge US Treasury's sanctions on Tornado Cash in court
“By treating autonomous code as a ‘person’ OFAC exceeds its statutory authority,” said Coin Center's Jerry Brito and Peter Van Valkenburgh. United States-based crypto policy advocacy group Coin Center said it intended to “pursue administrative relief” for individuals affected by Tornado Cash sanctions imposed by the Treasury Department’s Office of Foreign Asset Control, or OFAC.In a Monday blog post, Coin Center executive director Jerry Brito and director of research Peter Van Valkenburgh alleged OFAC “overstepped its legal authority” when it named cryptocurrency mixer Tornado Cash and 44....
Fed to issue long-awaited guidelines for granting master accounts to crypto b...
The U.S. Federal Reserve Board has finalized tiered guidelines for granting Federal Reserve accounts, with Wyoming’s crypto banks likely to fall under the most scrutiny. The United States Federal Reserve Board announced Monday that it had finalized its guidelines for the factors reserve banks are to consider when reviewing requests for Federal Reserve accounts and payment services. The guidelines create a three-tiered review framework with the level of due diligence to be provided, depending on the applicant’s risk level. Guidelines were first proposed in May 2021, with a supplemental....
Bitcoin price corrects after hitting a wall at a multi-month descending trend...
“Up only” Bitcoin and Ethereum take a breather after encountering resistance at a stiff multi-month descending trendline. On Aug. 15, Bitcoin (BTC) price and the wider market corrected while the S&P 500 and DOW looked to build on four-straight weeks of robust gains. Data from TradingView and CNBC show the Dow pushing through its 200-day moving average, a first since April 21 and perhaps a sign for bulls that the market has bottomed. Dow Jones Industrial Average Index (DJI). Source: TradingViewWhile equities markets have been strikingly bullish in the face of high inflation and a steady....
TA- Alien Worlds (TLM) Set For A Major Rally As Market Looks Promising
The price of Alien Worlds (TLM) has struggled to break out of a range recently with few bullish signs against Tether (USDT). Alien worlds could be set for a major rally after narrowly holding above key support as other crypto assets continue to trend higher. Related Reading: TA: Top 5 Crypto You Should Watch This Week – BTC, ETH, BNB, GMT Alien Worlds (TLM) Price Analysis On The Weekly Chart From the chart, the price of TLM saw a weekly low of $0.02, which bounced from that area and rallied to a price of $0.0313. The price has struggled to build more momentum as it faces resistance at....
Why Aave Will Submit Address Censorship To A Community Vote
In a report from TheBlock, the team behind the Ethereum (ETH) protocol Aave addressed the concerns about their address screening process. The decision to partner with compliance firm TRM Labs has been gaining a lot of attention after several high-profile personalities were blocked from accessing the platform. Related Reading: MakerDAO Set To Convert USDC Funds […]
Law Decoded, Aug. 8-15: In the eye of Tornado Cash
U.S. Treasury links the crypto mixer with $7 billion worth of laundered money. Summer is still on, harvesting the fresh names for its list of the crypto companies in deep trouble. This time, the trouble came not from the market or management but from the United States Treasury Department. The regulator has added more than 40 cryptocurrency addresses allegedly connected to crypto mixer Tornado Cash to the Specially Designated Nationals list. These individuals and groups allegedly laundered more than $7 billion worth of cryptocurrency. Accusations like this don’t come easy — one of the....
Peter Schiff Warns US Faces a ‘Massive Financial Crisis,’ Economist Expects M...
The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Great Recession.’ Schiff explains that the U.S. has a lot more debt than it did back then, and insists America’s economic downturn “is going to be a much bigger crisis when the defaults start.” Chief Market Strategist at Euro Pacific Asset Management Says the Decline in US Inflation ‘Is Only Temporary’ While Peter Schiff detailed that he....
MakerDAO Set To Convert USDC Funds To ETH, Is This A Good Idea?
The crypto community has been on alert since the crash of LUNA, ETH, and USDT. Investors depend on stablecoins to hedge against price volatility in the crypto market. These stablecoins are pegged to USD, meaning each coin is worth the same as 1 USD. So, for instance, holding 1USDT or USDC is the same as […]
Bitcoin Still Very Bearish, Says Peter Schiff
Bitcoin may be aiming for another retest of a crucial price level that prevents the digital gold from entering another bear cycle, which appears to be the next logical objective given that the first cryptocurrency was unable to break through $25,000, according to the cryptocurrency’s daily chart. Bitcoin May Fall If It Goes Below This Level After falling below $20,000 in June, Bitcoin has been trading in a rising wedge for more than a month. Since then, the value of the king cryptocurrency has increased by over 25%, with occasional jumps to a 30% price increase. BTC/USD trades at....
Canadian regulatory council creates new preregistration filing for crypto pla...
The Canadian Securities Administrators will require crypto trading platforms to file an undertaking committing them to investor protections while their registration is in process. The Canadian Securities Administrators (CSA), the council of provincial and territorial securities regulators, announced Monday that crypto trading platforms will be expected to provide a preregistration undertaking to their principal regulators as they take steps to comply fully with securities regulation. Two platforms, Crypto.com and the Canadian platform Coinsquare Capital Markets, have already filed those....
Examining The Nixon Shock Decisions That Would Lead To Bitcoin
In hindsight, several particular decisions made in the 20th century created an environment that necessitated bitcoin.This is an opinion editorial by Wilbrrr Wrong, Bitcoin pleb and economic history enthusiast.Aug. 15 marks the anniversary of Richard Nixon’s 1971 decision to sever the link of the U.S. dollar to gold. A recent book by Jeffrey Garten, “Three Days At Camp David,” gives an excellent behind-the-scenes look at the process that led to this decision. The ultimate shape of the policy shift was a mixture of Cold War geopolitics, domestic Republican vs. Democrat jockeying and Nixon’s....
Bitcoin Funding Rates Remain Positive As Bullish Sentiment Continues
On-chain data shows the Bitcoin funding rates have remained at positive values recently as the crypto’s price has continued its recovery. Bitcoin Funding Rates Have Been Mostly Positive During The Past Month As pointed out by an analyst in a CryptoQuant post, the BTC funding rates have been green recently, but not as positive as back between July 18th to 22nd yet. The “funding rate” is an indicator that measures the periodic fee that perpetual futures contract traders are paying each other. When the value of this metric is greater than zero, it means long traders are....
Shiba Inu Rallies Up 26% In Past Two Days, Beats DOGE And BTC
Shiba Inu has climbed up around 26% in the past two days, beating all the other top cryptos in the market, including Dogecoin and Bitcoin. Shiba Inu Observes 26% Rally Over The Last Couple Of Days While most of the crypto market has shown little movement during the past week or so, SHIB has been […]
Galaxy Digital Back Pedal On $1.2 Billion Deal For BitGo Acquisition, BitGo T...
Galaxy Digital has announced that it’s backing out of its $1.2 billion proposed acquisition of the cryptocurrency custodian, BitGo. Galaxy Digital Backs Out Of BitGo Deal A $1.2 billion acquisition of Palo Alto, California-based BitGo by digital asset investment firm Galaxy Digital has been canceled, ending one of the biggest acquisitions in cryptocurrency history. In […]
Bitcoin and altcoins met selling at key overhead resistance levels and investors are unsure whether traders will buy the current dip. Bitcoin (BTC) has been witnessing a tough battle between the bulls and the bears near the $25,000 level. A clear winner may not emerge in the short term due to a lack of a catalyst and because there is no major macroeconomic data scheduled for this week in the United States. Data points from Asia or Europe may increase volatility, but they are unlikely to start a new directional move.Anthony Scaramucci, founder and managing partner of Skybridge Capital, in....
LATAM’s Largest Investment Bank BTG Pactual Launches Bitcoin, Crypto Exchange
BTG Pactual has launched Mynt, a new exchange for bitcoin and other cryptocurrencies in Brazil focusing on education in the ecosystem.The largest investment bank in Latin America just launched a cryptocurrency exchange in Brazil.The exchange will only support bitcoin and one other cryptocurrency at launch.BTG Pactual holds about $200 billion in assets under custody.BTG Pactual, the largest investment bank in Latin America, just launched a bitcoin and cryptocurrency exchange in Brazil, per an announcement from the bank. The bank’s new trading platform is called Mynt and will enable users to....
Exit stage left: Eqonex to close crypto exchange after two years
The firm said it would also move its principal business and several people from management from Hong Kong to the United Kingdom. Nasdaq-listed digital asset investment firm Eqonex has announced it will be exiting the “crowded crypto exchange space” by shuttering part of its operations.In a Monday announcement, Eqonex said it will close trading on its crypto exchange on Aug. 22, with users allowed to withdraw funds until Sept. 14. The firm said the closure was part of an effort to streamline operations that focused on offering “the most potential for revenue growth and long-term financial....
Bitmain, Antpool Offer Bitcoin Mining Industry Lifeline Amid Miner Capitulation
The ASIC manufacturer and the Antpool mining pool are partnering with Antalpha to finance low-cost loans for equipment and resource costs to weather the winter.Bitmain and its mining pool are partnering with Antalpha to provide financial support to the bitcoin mining industry. Loans will be low-cost and can be used to pay back equipment loans or to subsidize energy costs. Bitmain and Antpool will provide proprietary data to the lender in order to evaluate risk. Bitmain Technologies Ltd., one of the largest bitcoin mining rig manufacturers based in China, and Antpool are offering a lifeline....
Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Torn...
Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later, but during the last 24 hours, the top privacy coins by market capitalization today are around $6.44 billion, down 3% from the day prior. While the Top Privacy Coins Have Seen Some Recovery, Most Took a Market Beating Last Week When OFAC Sanctioned the Crypto Mixing Service Tornado....
