Day: July 7, 2022

Complete Newbie Guide to Cryptocurrency Mining #live

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Support the stream: Today I am showing my daughter, age 13 what cryptocurrency is and how to build a GPU based mining rig. We will cover many aspects of finance, cryptocurrency, bitcoin, ethereum and many others subjects. This video will be broken down across several other recap videos later on for easier consumption. This guide is to serve a new person a complete end to end strategy guide on all of the things required when making a mining rig. Part of this…

Bitcoin Funding Rates Are Climbing As Price Continues To Struggle

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Bitcoin has been struggling over the last couple of weeks and funding rates have responded in different ways to the price. Instead of a rise in funding rates when the price had begun to plummet, they had stayed muted and had even begun to decline, especially during the past week. However, this is changing as the price of the digital asset has begun to take a turn for the better. Funding Rates Recover Bitcoin funding rates declined to one of their lowest points last month and this had been when…

Controversial mixer Tornado Cash open-sources UI code

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Popular cryptocurrency mixer Tornado Cash has fully open-sourced its user interface (UI) code — a move its developers say fulfills their mandate of complete decentralization and transparency.  Tornado Cash Classic UI became fully open-sourced on Thursday, the protocol’s anonymous developers announced in a Medium blog post. Although the protocol’s UI has been decentralized since 2020, its open sourcing means anyone can analyze Toronado Cash’s UI pools and make pull requests to improve the project. In the software development world, a pull request is when a developer is ready to merge…

Decentralized Mixer Tornado Cash Open-Sources Its User Interface

Tornado Cash is a decentralized mixer protocol that enables private transactions on Ethereum. Mixers are smart contracts that accept, pool and mix cryptocurrency from multiple senders in order to increase privacy by obscuring potential audit trails. Users send ether to the Tornado Cash smart contract and withdraw that ether and send it to a new public address that has no link to the sending address. Source

Global Top-10 Crypto Exchange Moves Closer to US Entry After Securing FinCEN License

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Crypto exchange Huobi says its brokerage subsidiary has received the Money Services Business Registration License (MSB) from the US Financial Crimes Enforcement Network (FinCEN). In a statement, the Seychelles-based crypto exchange says the license will allow HBIT Inc to provide foreign exchange and money transfer services in the US. Authorities require MSB registration to prevent illicit financial activities such as money laundering and terrorist financing. “This is another progress in the compliance process of Huobi Technology, creating a good compliance foundation for the company to carry out digital currency-related business…

UK prime minister announces departure following mass resignations

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Boris Johnson, who has been the prime minister of the United Kingdom since 2019, said he will step down as leader of the country’s Conservative Party but will remain head of state until a replacement has been found. In a speech in front of 10 Downing Street in London on Thursday, Johnson said “it is clearly now the will of the Parliamentary Conservative Party, that there should be a new leader of that party and therefore a new prime minister,” with a transition timetable set to be announced next week.…

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Satoshi Nakamoto Dropped From the World’s 20th Richest Billionaire to the 79th in 8 Months – Featured Bitcoin News

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In mid-November 2021, Bitcoin’s inventor Satoshi Nakamoto was one of the wealthiest individuals on the planet, with more than $69 billion in bitcoin, and was among the top 20 on the Forbes 2021 Billionaires list. Seven months have passed since then, and Bitcoin’s unknown creator has dropped from the top 20 spot and is now positioned in the 79th rank among the world’s richest 100 people. Satoshi Nakamoto’s Net Worth Dropped 70% — Bitcoin’s Inventor Is Still in the Top 100 Richest Billionaires On the low end, it is estimated…

Ethereum (ETH) Shifts To High Gear

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The price of Ethereum (ETH) has continued to trade upwards over the past several days, following a dramatic reversal from the previous low near $1,000 during the last seven days. Wednesday saw the ETH/USD pair surge to the $1,175 barrier level, recording a clear higher high. As of this writing on Thursday, ETH was trading at $1,218 — an increase of 10.6 percent over the previous week, according to data from Coingecko. The announcement that Ethereum developers successfully executed The Merge on the Sepolia testnet boosted the price of Ether…

Bitcoin faces Mt. Gox ‘black swan’ as trustee prepares to unlock 150K BTC

Bitcoin (BTC) faces a new selling threat in the near future as users of defunct exchange Mt. Gox prepare to get their BTC back. In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in Mt. Gox rehabilitation process, confirmed that he was “preparing to make repayments” to account holders. Cash, Bitcoin or Bitcoin Cash? Over eight years after Mt. Gox imploded, it appears that those who lost money are about to receive BTC. The event has been long coming, as have concerns over its impact on the market.…