On August 15, the non-profit that focuses on policy issues facing crypto assets, Coin Center, published a blog post that says the organization is looking at the legality of the recent Tornado Cash sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). The post, published by Coin Center’s Jerry Brito and …
Monthly archives: August 2022
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,900 as Markets React to Weakening Chinese Economy
Ethereum fell below $1,900 earlier today, as crypto markets continued to react to disappointing economic data from China. Figures for July showed that both retail sales and industrial production in China had grown by less than expected, heightening concerns of an upcoming global recession. Bitcoin also declined on Tuesday. Bitcoin Bitcoin (BTC) was once again …
UN Agency Urges Authorities to Curb Cryptocurrency Expansion in Developing Countries
A United Nations trade body has recommended a set of policy actions to “curb the expansion of cryptocurrencies in developing countries.” The intergovernmental group stressed that if cryptocurrencies become a widespread means of payment, it could jeopardize the monetary sovereignty of countries. UN Trade Body’s Crypto Policy Recommendations The United Nations Conference on Trade and …
How a Trezor Wallet Passphrase Taking a Lifetime to Brute Force Was Cracked by KeychainX Experts in 24 Hours
sponsored Have you lost the passphrase for an hardware wallet and looking how to recover your coins? Here is how the KeychainX recovery experts have done just that for a client. This is a trusted service provider that specializes in recovering lost crypto wallets and they can even recover funds from broken hardware drives, phones …
Shiba Inu Is Regressing, but Tomadoge Will Trend Upwards
Very recently Shiba Inu experienced a massive jump in price action. Also, this big jump in value made the headlines. Nevertheless, ever since then, there has been some new development. In this analysis, we shall examine those new developments. We will also deduce some possible happenings that may occur in this market. SHIB/USD Current Price: …
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Top Crypto Analyst Predicts Breakouts for Bitcoin and Ethereum, Says Short Selling BTC and ETH Dangerous
A closely tracked crypto analyst says Bitcoin (BTC) and Ethereum (ETH) are gearing up for the next leg of their respective rallies. In a new video, Kevin Svenson tells his 112,600 Twitter followers that both Bitcoin and Ethereum are flashing bullish signals on the lower timeframes. “It seems like [BTC and ETH] are going to …
USDT market cap up by $2 billion following Tornado Cash debacle
The market capitalization of Tether (USDT) tokens has increased by nearly $2 billion since the U.S. Treasury Department imposed sanctions on cryptocurrency mixer Tornado Cash. The Office of Foreign Asset Control essentially barred Americans from using Tornado Cash on Aug. 8, blacklisting 44 USD Coin (USDC) and Ether (ETH) addresses connected to the service to …
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Optimism fading? Regulatory discussion on stablecoins postponed until fall
Among a rich range of anxieties both for the crypto industry and the global economy at large, the summer of 2022 will be remembered as the time when stablecoins proved themselves to be not so stable and thus came into the focus of regulators’ attention. The shock of the TerraUSD (UST) depegging in May opened …
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Bitcoin Edges Higher as Markets Remain Cautious, CEL, SHIB, TRX, Aug. 15
BTC was higher but sellers remain. CEL was a 50% gainer as Reddit helps users. SHIB saw a strong rally. Justin Sun supports ETH fork. BTC The Bitcoin price saw a 0.75% gain this week as market participants still seem cautious about the recent rally. BTC was trading above $24,000 to start the current week …
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The Best Way to Get a Disposable Mobile Number for Crypto Account Verification
In most cases, a VoIP phone number is used for a limited time and is typically employed to preserve the users’ confidentiality. In most cases, a VoIP phone number is considered a disposable one because it is used only for a limited time. They are typically employed to preserve the users’ confidentiality. Most of them …
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Celsius Lost Over $100 Million In Grayscale Bitcoin Trust Trade: Financial Times Report
Summary: Celsius CEO Alex Mashinsky took over the company’s trading strategy in January 2022. Mashinsky assumed a more active role in trade decisions ahead of the FOMC meeting at the start of the year. The report explained that Mashinsky was ” slugging around huge chunks of bitcoin”. Financial Times also reported that the crypto lender …
Shiba Inu Whales Abruptly Come to Life As SHIB Rallies 34% in Just One Day: Analytics Firm Santiment
Crypto analytics firm Santiment is tracking major purchases of popular meme coin Shiba Inu (SHIB) by some of the wealthiest wallets in crypto. According to a new post, the data aggregator points out that whales abruptly came out of slumber on August 14th and executed the largest number of transactions worth more than $100,000 in …
Analyst Who Called Bitcoin Collapse This Year Issues Fresh Warning for Altcoin Traders
The crypto strategist who nailed Bitcoin’s (BTC) crash below $30,000 this year warns that a sell-off event across the altcoin markets is imminent. Pseudonymous analyst Capo tells his 477,300 Twitter followers that he’s keeping a close watch on the OTHERS chart, which tracks the total market capitalization of the top 125 crypto assets excluding Bitcoin …
Bitcoin miners hodl 27% less BTC after 3 months of major selling
According to a fresh prediction from crypto analysis firm Arcane Research, miners will continue to sell more BTC than they earn. Miners sold nearly 30% of record BTC stash since May The trip to $25,000 this month decreased pressure on a Bitcoin mining sector which has struggled throughout 2022. At one point, fears abounded that …
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Court filings reveal Celsius will run out of money by October
Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents. Filed on Aug. 14 to the U.S. Bankruptcy Court of the Southern District of New York, Celsius highlighted that it is expected to reach negative liquidity by October 2022 to approximately $34 …
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