One of the founders of crypto mixer Tornado Cash has been released on bail after being charged with laundering $1 billion by the U.S. Department of Justice (DOJ). According to defense attorney Brian Klein, Roman Storm, one of the founders of the sanctioned crypto mixer, has been released on bail. However, according to Klein, the …
Monthly archives: August 2023
Bitcoin price stability creates lucrative setups in TON, XMR, MNT and QNT
Bitcoin price holding $26,000 could open up some bullish trading opportunities in TON, XMR, MNT and QNT. Price Analysis Join us on social networks Bitcoin (BTC) has gone silent over the weekend. CryptoQuant CEO Ki Young Ju said in a recent post on X (formerly Twitter) that Bitcoin’s velocity has declined to a 3-year low. …
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dYdX Founder Says Crypto Industry Should Give Up on US Customers As Market Not ‘Worth the Hassle’
The founder of the decentralized exchange dYdX believes that crypto builders should focus on serving markets outside the United States for the next five to 10 years. Antonio Juliano tells his 49,400 followers on the social media platform X that the regulatory uncertainty in the United States is not worth the “hassle” or “compromises.” According …
Ronaldinho fails to testify in crypto scam probe, faces possible arrest in Brazil
The investigation centers around Ronaldinho’s company ’18kRonaldinho’, which promised clients daily profits of over 2% through crypto investments. News Join us on social networks Brazilian soccer star Ronaldinho Gaúcho could be detained by authorities to testify over a crypto fraud investigation in Brazil. According to local media reports, Ronaldinho failed to appear before the country’s …
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Op-ed: Tokenization is a life-saving pill for global finance’s diversity problem
When the subject of financial markets and their future is raised, the implementation of blockchain technology and tokenization of assets gets mentioned a lot. In light of the progressing digitization of many industries, the technology has the potential to democratize investment possibilities, open up new financial opportunities, and in doing so, revolutionize the global economy. …
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Worst of Recent Bitcoin (BTC) Correction Largely Behind Us, Says Banking Giant JPMorgan: Report
Analysts from JPMorgan say that Bitcoin (BTC) currently has “limited downside” following the correction that took the king crypto to the $25,000 level. In a research report seen by Bloomberg, Nikolaos Panigirtzoglou says that legal and regulatory news caused a wave of selling in recent weeks which is “still reverberating.” Panigirtzoglou says that the sell-off …
Arthur Hayes Says Larry Fink and BlackRock Coming for Bitcoin and Crypto Industry – Here’s How
BitMEX founder Arthur Hayes says that the giants of traditional finance (TradFi) are planning a subtle takeover of the Bitcoin (BTC) and crypto industries. In a new blog post, Hayes says that there is now a battle as to who “owns” crypto, with legacy financial institutions circling the industry in the depths of the bear …
Charles Hoskinson Believes Cardano Will Become Biggest Crypto in the World Serving As Backbone of New Digital Nation
Input Output (IOHK) CEO Charles Hoskinson says he has a strong feeling that Cardano (ADA) will be the leading cryptocurrency of the future. During his keynote address at the Rare Evo 2023 event in Denver, Hoskinson tells participants that Cardano, which is currently the eighth largest digital asset by market cap, will surpass Bitcoin (BTC) …
Bitcoin Bears Asking To Be ‘Obliterated’ As BTC Flashes Reversal Signals, According to Crypto Strategist
A closely followed crypto analyst is issuing a warning to Bitcoin (BTC) bears that the crypto king is showing signs of strength on the daily and weekly charts. Pseudonymous analyst Credible Crypto tells his 346,000 followers on the social media platform X that Bitcoin’s relative strength index (RSI) is flashing a classic bullish divergence on …
FTX suspends user accounts amid Kroll cyber breach concerns
FTX took the decision as a proactive measure to prevent any potential future incidents or additional harm following the recent hack. News Join us on social networks Following the recent Kroll cybersecurity breach, bankrupt crypto exchange FTX has temporarily suspended accounts of impacted users accessing its claims portal. FTX announced the decision on X (formerly …
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Crypto community reacts to Biden’s proposed crypto tax reporting rules
Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States. News Join us on social networks Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States President Joe Biden. On Aug. 25, to catch crypto …
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Wave of Accounts Are Being Frozen at a Popular US Bank, Triggering ‘Influx of Complaints’: Report
A wave of customer complaints about frozen accounts at a popular US bank has reportedly triggered a review from the Better Business Bureau. For the second week in a row, a group of customers at the Walmart and TurboTax-linked Green Dot Bank have said they are completely unable to access their funds, reports NBC News. …
Top US Crypto Exchange Coinbase Adds PayPal’s Dollar-Backed Stablecoin PYUSD to Listing Roadmap
Coinbase has placed PayPal’s new stablecoin on its listing roadmap, meaning the exchange’s users could soon trade the digital asset. The stablecoin, called PayPal USD (PYUSD), aims to maintain a 1:1 peg with the US dollar and is built on Ethereum (ETH). PayPal unveiled the asset earlier this month and said it is “backed by …
Tether CTO stays silent on Bitcoin mining locations
Tether’s chief technology officer, Paolo Ardoino dropped a hint that the operations are based in Latin America, but hesitated to reveal any more details beyond that. News Join us on social networks Paolo Ardoino, chief technology officer of stablecoin issuer Tether (USDT), recently found himself addressing rumors about images of large industrial containers online. These …
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Shibarium Launch Proves Positive As Shiba Inu-Based BONE Celebrates New Milestone
Following its temporary shutdown, Shibarium has made a comeback and relaunched. This release of the layer 2 blockchain has pushed the BONE price upwards, recording new milestones for the token. Shibarium Relaunch Ignites Bullish Trend For BONE Bone Shibaswap (BONE) has recorded a massive price increase of about 17% in the last 24 hours after …
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