On the 20th of August, the BCH/USD market was in a total deadlock following a previous strong bearish market trend that was ended by a fruitless tug-of-war between demand and supply. The standoff between the buyers and the sellers resulted in that day’s stagnant market. This may be a sign that announces the end of …
Monthly archives: August 2022
Tornado Cash Used to Obfuscate Over $2,440,000,000 Worth of Ethereum (ETH) in First Half of 2022: Report
Crypto traders relied on digital asset mixing service Tornado Cash to conceal billions of dollars worth of Ethereum (ETH) in the first six months of the year. According to a new report from blockchain security firm SlowMist, users deposited 955,277 ETH worth $2.44 billion to Tornado Cash across the first half of the year while …
Post Voyager Announces the Launch of Jellyme, MOOI Network’s NFT Marketplace
August 23, 2022 – Singapore, Singapore Post Voyager, a blockchain arm of a Japanese mobile game powerhouse Cocone and a developer of the MOOI Network, announced on Monday the launch of its non-fungible token (NFT) marketplace, Jellyme. Jellyme is described as a “decentralized NFT marketplace that allows the MOOI Network users to enjoy their NFTs, …
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Celsius, 3AC demonstrated why financial infrastructure should move on-chain
While mainstream coverage of cryptocurrency has been overwhelmingly negative in the wake of the collapse of the Terra ecosystem, the bankruptcy of Celsius and the fall of Three Arrows Capital, these events ultimately show why more of the financial system should operate on-chain, bringing more transparency and information to market participants. In all three cases, …
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Plaintiff in Coinbase lawsuit raises issues of account lockouts, crypto as a security
One user has filed a class-action lawsuit against crypto exchange Coinbase on behalf of account and wallet holders “who have had their accounts breached and incurred losses arising from the unauthorized transfer of assets.” In an Aug. 15 filing in the U.S. district court for the Northern District of Georgia, plaintiff George Kattula requested a …
What crashed the crypto relief rally? | Find out now on The Market Report
On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss some of the main factors that contributed to the collapse of this bear market rally. To kick things off, we broke down the latest news in the markets this week Bitcoin (BTC) to lose $21K despite miners’ capitulation exit? Five things to know in …
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Certain regulatory clarity could be ‘hugely detrimental’ for crypto, says former CFPB director
Kathy Kraninger, former director of the United States Consumer Financial Protection Bureau, or CFPB, said while many in crypto have complained about the lack of regulatory clarity in the country, the legal gray area has afforded the industry opportunities. Speaking to Cointelegraph, Kraninger said Congressional action on dividing the roles of different regulatory agencies — …
The Ethereum 2.0 Merge: How the Blockchain’s Two Paths Will Join
Ethereum is preparing to carry out its “merge“ and unify two important parts of the blockchain network. Blockchain developers are preparing to activate the network’s “merge,” which will unite two coexisting parts of the Ethereum network. Here’s what the event means for those who use the popular blockchain and its ETH cryptocurrency. Currently, Ethereum transactions …
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BTC Targets $22,000 Resistance But Tamadoge Stands Firm at the Upside
The Bitcoin (BTC) manages to maintain its position as the coin moves to touch the resistance level of $21,550. Bitcoin Prediction Statistics Data: Bitcoin price now – $25,000 Bitcoin market cap – $409.3 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Market Key Levels: …
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Celsius Claims KeyFi Stole Million Of Dollars And Laundered Crypto Through Tornado Cash In New Filing
Summary: Celsius claims that KeyFi stole millions in crypto from the now-bankrupt crypto lender. The company’s filing claims that KeyFi CEO Jason Stone mismanaged and embezzled Celsius digital assets on several occasions. Stone is also accused of using company coins to purchase NFTs like Crypto Punks and leveraging sanctioned cryptocurrency mixer Tornado Cash to cover …
Crypto Rugpull Alert: SudoRare NFT Exchange Disappears After Stealing $800,000 Worth Of User Funds
SudoRare NFT exchange has abandoned its project and has stolen nearly $800,000 worth of user funds. The project went offline within six hours of launching after deleting all of its official social media accounts An NFT exchange dubbed SudoRare has disappeared after scamming and draining users’ crypto funds worth $800,000. What Happened? SudoRare, an NFT …
Crypto community balks at SEC Chair Gensler’s assertion that regulation for capital markets, crypto should be same
A recent tweet from SEC Chair Gary Gensler clarified his position on crypto markets, saying they should be treated the same as other capital markets, regardless of digital assets using “different technology.” “There’s no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology.” …
SudoRare developers reap $815,000 from rug pulling project
Adding to the growing list of exploits, SudoRare developers have shut down operations after withdrawing $815,000 (519 ETH) from the AMM protocol. A Twitter user Sungjae flagged the rug pull after 173 ETH was transferred to 3 wallet addresses each. In a follow-up tweet, security firm PeckShield confirmed the rug pull and highlighted that the …
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El Salvador’s Bitcoin policy could lead the change in global monetary system – Simon Dixon
Prominent investor Simon Dixon recently described El Salvador’s Bitcoin policy as “very responsible” and said it could be the first domino to fall in bringing down the International Monetary Fund’s (IMF) “fiat-based Ponzi scheme” debt mechanism if it succeeds. Dixon summarized the world’s financial history to highlight that every financial crisis has led to countries …
Coinbase’s ENS integration goes live
Coinbase‘s Ethereum Name Service (ENS) integration is live, changing wallet usernames to an ENS subdomain of Coinbase IDs. Users can change their ENS names once a year and use them in any manner they choose to, as long as it complies with Coinbase’s Subdomain Terms — which have yet to be announced. Coinbase’s ENS integration …