The founder and former chief executive of smart contract platform Tron (TRX) is reportedly saying that his crypto exchange will support all future forked Ethereum (ETH) tokens. According to a new report by Bloomberg, Sun says that Poloniex, a crypto exchange he heavily backed in 2019, will list any proof of work versions of Ethereum …
Monthly archives: August 2022
Two more lawsuits for Coinbase: Law decoded, Aug. 1–8
The Coinbase drama, which started at the end of July, continues with new developments. Last week, former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court. Wahi was arrested during his attempt to board a flight from …
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White hat hackers have returned $32.6M worth of tokens to Nomad bridge
Mere hours after the Nomad token bridge published an Ethereum wallet address last week for the return of funds following a $190 million hack, whitehat hackers have since returned approximately $32.6 million worth of funds. The vast majority of funds consisted of stablecoins USD Coin (USDC), Tether (USDT) and Frax, along with altcoins. According to …
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Price analysis 8/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin price aims to break from its current range and flip $24,000 to support, while altcoins are following the upside move by attempting to confirm their bottoming patterns. The United States equities markets and the cryptocurrency markets have started the week on a strong note, indicating that traders are not nervous about buying ahead of …
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Vitalik Buterin proposes stealth addresses for anonymous NFT ownership
Ethereum co-founder Vitalik Buterin has suggested there may be a “low-tech approach” to incorporating privacy features into nonfungible token, or NFT, transactions. In a Monday post on the Ethereum research channel, Buterin implied Merkle trees and Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge, or zk-SNARKs, were a more complicated method for stealth addresses for ERC-721 tokens …
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Bitcoin Price Prediction for Today, August 8: BTC Touches $24,000 Resistance
The Bitcoin price prediction revisits the resistance level of $24,000 as the king coin targets a $25,000 high. Bitcoin Prediction Statistics Data: Bitcoin price now – $23,950 Bitcoin market cap – $457.4 billion Bitcoin circulating supply – 19.1 billion Bitcoin total supply – 19.1 billion Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily …
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Binance Removes Off-Chain Fund Transfer Channel Between Itself And WazirX
Binance has ceased the off-chain fund transfer channel between itself and WazirX On-chain transfers will still be available for the users to deposit and withdraw. Leading cryptocurrency exchange Binance has recently decided to remove the off-chain fund transfer channel between itself and the Indian exchange WazirX. Binance Suspends Off-Chain Transfer Channel Between Itself And WazirX …
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Macro Guru Raoul Pal: Most Participants Are Underinvested in Ethereum
TLDR: Crypto Expert and Macro Guru Raoul Pal declared on Twitter today that he believes most participants are still underweight in Ethereum. The Founder of Real Vision Academy followed on to say that the pain will be at higher entry points, around $2,300. Raoul Pal was famously previously bullish on Ethereum on October 29, 2021, where he …
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Top Crypto Strategist Issues Bitcoin Warning, Says BTC at Risk of Major Breakdown
A closely followed crypto analyst and trader is warning Bitcoin holders that BTC is about to flash a signal that could lead to the reversal of its recent uptrend. Crypto strategist Kevin Svenson tells his 112,300 Twitter followers that he’s keeping a close watch on BTC’s relative strength indicator (RSI) on the one-day chart. According …
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DeFiChain Community Brings Attractive Rewards for DFI ERC-20 Pairs on Uniswap
August 7, 2022 – Singapore, Singapore DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is thrilled to announce that its community has voted to offer lucrative liquidity mining rewards for the ERC-20 format of its native DFI token pairs on Uniswap. The proposal put …
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Bware Labs Announces the Blast Incentivized Testnet, Code-Named Houston
Working toward their stated goal to build the highest-performing, most reliable blockchain API platform, Bware Labs, the company behind Blast, is launching the Houston incentivized testnet. The purpose of the testnet mainly revolves around verifying all the technical aspects involved in the decentralization of the Blast API platform – from the proprietary node integrity protocol, to …
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Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst
Bitcoin is likely to transition from a risk-on to a risk-off asset in the second half of 2022, as the macroeconomic environment is rapidly shifting towards a recession, said Mike McGlone, senior commodity strategist at Bloomberg, in a recent interview with Cointelegraph. McGlone predicted: “ I see it transitioning to be more of a risk-off asset …
Fed reverse repo reaches $2.3T, but what does it mean for crypto investors?
The U.S. Federal Reserve (FED) recently initiated an attempt to reduce its $8.9 trillion balance sheet by halting billions of dollars worth of treasuries and bond purchases. The measures were implemented in June 2022 and coincided with the total crypto market capitalization falling below $1.2 trillion, the lowest level seen since January 2021. A similar …
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Binance sides with Indian regulators in WazirX fallout to cease support for off-chain transfers
As reported by local news outlet The Economic Times on Monday, Binance is scheduled to remove off-chain fund transfers with Indian cryptocurrency exchange WazirX on Thursday, although users will still be able to deposit and withdraw balances via the standard withdrawal and deposit process between the two exchanges. Three days prior, The Directorate of Enforcement …
US Treasury sanctions USDC and ETH addresses connected to Tornado Cash
The United States Treasury Department has added more than 40 cryptocurrency addresses allegedly connected to controversial mixer Tornado Cash to the Specially Designated Nationals list of the Office of Foreign Asset Control, or OFAC. In a Monday announcement, OFAC effectively barred U.S. residents from using Tornado Cash and placed 44 USD Coin (USDC) and Ether …
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