United States-based crypto policy advocacy group Coin Center has followed through with its intention to take the Treasury Department’s Office of Foreign Asset Control, or OFAC, to court over sanctioning cryptocurrency mixer Tornado Cash. In an Oct. 12 filing in the U.S. District Court for the Northern District of Florida, lawyers for Coin Center as
The Bnb Smart Chain commenced the blockchain’s hard fork on October 12, at block height 22,107,423, in order to add a security patch to “mitigate the cross-chain infrastructure between [the] Beacon Chain and Smart Chain.” Binance and the Bnb Smart Chain suspended withdrawals and deposits on Wednesday in order to execute the upgrade. Not too
The United States Federal Reserve has been aggressively hiking rates in an attempt to cool down inflation and that has kept the U.S. equities markets under pressure. Investors have been watching the inflation figures closely for early signs of topping out but to no avail. Wholesale prices rose 0.4% in September, exceeding the Dow Jones’
Custodia Bank founder Caitlin Long had a strong reaction to the news that BNY Mellon has launched a digital custody platform for Ether (ETH) and Bitcoin (BTC) holdings. Speaking at DC FinTech Week on Oct. 11, she made a comparison between the Federal Reserve’s actions and policies. BNY Mellon is the first large United States
Massachusetts Senator Elizabeth Warren and a group of six other U.S. lawmakers have requested information from the head of the Electric Reliability Council of Texas, or ERCOT, on the energy usage and potential environmental impact of crypto miners. In an Oct. 12 letter, Senators Elizabeth Warren, Sheldon Whitehouse and Edward Markey and Representatives Al Green,
According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token mango (MNGO) which allowed them to borrow $117
The Ethereum price has been trending to the downside after its successful implementation of “The Merge” and its transition to a Proof-of-Stake (PoS) consensus. Launched back in September on mainnet, ETH’s price has been losing bullish momentum since then. At the time of writing, the Ethereum price trades at $1,298 with sideways movement during today’s
SushiSwap, a decentralized exchange (DEX), recently appointed Jared Grey as its Head Chef. But shortly after his election, Grey is faced with heaps of accusations. Unfortunately, the level of allegations has been raging another storm for the DEX ecosystem and community. The new action from SushiSwap in its executive position was to create a more
Quant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day. Hedera was another notable mover in today’s session, as it rose by as much as 11% earlier in the day. Overall, crypto markets are marginally down as of writing. Quant (QNT) Quant (QNT)
The long-standing legal battle between Ripple and the SEC in the US has not stopped the firm from advancing into other markets. For example, ripple announced its first On-Demand Liquidity partners (ODL) in France and Sweden via press release. Ripple continues its expansion into the European markets to provide online payment services leveraging its XRP
Inflation is a buzzword penetrating the finance world, both traditional and decentralized. International leaders continue to debate whether current circumstances can be deemed a recession. While financial industry experts ponder a solution to the situation. As cryptocurrencies continue to become regulated, adopted and pushed into mainstream view, questions as to whether digital currencies such as
Bitcoin (BTC) saw flash volatility into the Oct. 12 Wall Street open as United States economic data began to move markets. Analyst: PPI volatility a taste of things to come Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping abruptly below $19,000 as Producer Price Index numbers came in above expectations. A hint that
46% of around 55 fintech and cryptocurrency specialists believe ethereum is undervalued following The Merge, according to a recent survey published by the comparison website Finder.com. With less than three months left in 2022, Finder’s panelists predict that ethereum will drop as low as $963 per unit this year, and they also expect ethereum to
Payment company Ripple announced a partnership with a payment provider for the online marketplace Lemonway. This is the first France-based customer that will leverage RippleNet’s On Demand Liquidity (ODL) solution, supported by XRP. The payment provider will use ODL to improve its treasury payment process. As Bitcoinist reported, Ripple has been trying to expand the
Crypto is currently languishing like the internet did in 1996 with slow speeds and few practical use cases, says Steve Newcomb, chief product officer of Matter Labs. But a major increase in bandwidth and security soon after saw the internet become a crucial part of daily life across the globe — and we’re right on
Bitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S. inflation report. Cryptocurrencies have mostly consolidated ahead of the release, which many believe could trigger further action from the Federal Reserve Bank. Ethereum was also higher, as the token rose above $1,300. Bitcoin Following two consecutive days of declines, bitcoin (BTC)
European Parliament’s economic committee has backed the adoption of the comprehensive Markets in Crypto Assets (MiCA) regulation. It has also supported the introduction of rules for tracing cryptocurrency transfers, part of the latest EU anti-money laundering push. European Union’s MiCA Crypto Law Passes Another Hurdle Before Final Adoption The European Parliament Committee on Economic and
press release PRESS RELEASE. It is looking like the dawn of a new beginning for crypto enthusiasts across the globe as the Girles Token – GIRLES practically raises the bar, with reports that holders of trending coins such as Cardano (ADA) and DogeCoin (DOGE) are selling to purchase the versatile, utility token. Girles Token is
Harare Institute of Technology, a Zimbabwean higher learning institution, is reportedly developing a central bank digital currency (CBDC). Quinton Kanhukamwe, the institution’s vice chancellor, said the digital currency is expected to help eliminate vices such as currency manipulation and unsanctioned foreign exchange deals. Eliminating Illegal Foreign Exchange Deals A Zimbabwean tertiary learning institution, the Harare