Month: July 2022

Torches, the Lending Protocol on KCC Opens TOP Mining with Up to 900% Mining Rate

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Singapore, July 15, 2022 – Torches Finance, the decentralized lending protocol, announces the official launch of TOP (Torches Point token) Mining. By participating in the “Supply & Borrow”, users  will be able to obtain the TOP rewards, which can be exchanged for TOR (Torches token) with a certain coefficient before the TOR launching. Built on the KuCoin Community Chain (KCC), Torches grew to the top lending protocol with its total market size over $3 million. Starting from July 15 at 10:00 (UTC), Torches allows users to get TOP rewards for…

Crypto mixers’ popularity booms as illicit addresses push volumes to ATH: Report

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As on-chain activities slow down during the crypto winter, usage of cryptocurrency mixers has doubled in 2022, with addresses classified as “illicit” being the top contributor.  Cryptocurrency mixers, also called “tumblers,” provide anonymity to transactions, making the sender or receiver of the transaction completely unidentified. While this has a valid use case for everyday users, hackers have used it to hide from authorities. In a report by analytics firm Chainalysis, data shows that the 30-day moving average of the total daily value received by crypto mixers reached a new all-time high…

Crypto mixers’ popularity booms as illicit addresses push volumes to ATH: Report

As on-chain activities slow down during the crypto winter, usage of cryptocurrency mixers has doubled in 2022, with addresses classified as “illicit” being the top contributor.  Cryptocurrency mixers, also called “tumblers,” provide anonymity to transactions, making the sender or receiver of the transaction completely unidentified. While this has a valid use case for everyday users, hackers have used it to hide from authorities. In a report by analytics firm Chainalysis, data shows that the 30-day moving average of the total daily value received by crypto mixers reached a new all-time high…

Aussie FPA supports ‘crypto rule book’ and regulation of exchanges

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The Financial Planning Association of Australia (FPA) has shown its support for the “crypto rule book” idea and called for regulating exchanges instead of crypto assets. In May, the Australian Law Reform Council (ALRC) proposed to tackle crypto regulation through a rule book-style framework which sets out a series of gradually updated compliance principles for local crypto firms to adhere to. The comments came via a submission to the Treasury by FPA’s head of policy, strategy and innovation, Ben Marshan, who also argued that the regulation of crypto exchanges should…

Michael Saylor: US Inflation is +9.1%, It’s Only a Matter of Time Before The World Discovers 1 BTC = 1 BTC.

Summary: Michael Saylor has pointed out that the US dollar continues to gain value as annual inflation has hit 9.1%. He adds that other global currencies continue to weaken against the USD, and it is only a matter of time before the world discovers that one Bitcoin will always be equal to one Bitcoin. MicroStrategy CEO and Bitcoin perma-bull Michael Saylor has pointed out that the US dollar continues to gain value against other global currencies despite the rate of inflation being at the highest it has been in 40 years…

Is This $499 Mini Bitcoin Miner and BTC Node Worth Buying?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io So you want to mine BTC from your home or office, but don’t know where to start? The Futurebit Apollo is a quiet, mini Bitcoin miner – but is it profitable? Is this $499 mini Bitcoin miner actually worth buying? Subscribe to VoskCoin & follow my crazy crypto journey! Sign up with BlockFi and get up to $250 for free – Follow VoskCoin on TikTok! Futurebit apollo BTC miners in stock ready to ship – Mine BTC profitably with ViaBTC! – Would…

Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador – Bitcoin News

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The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango, and Soyapango. Donated Funds to Target Small Businesses in the Communities of Ilopango, Soyapango, and Apopa The digital currency exchange Bitfinex has detailed that the company is donating 36 bitcoin (BTC) worth just over $734K using current BTC exchange rates…

ApeCoin Performance Lags Behind Other Altcoins

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ApeCoin (APE), the Bored Ape Yacht Club collection’s native coin, has been continuously falling since the June slump, reaching a low of $3.05. Even though APE is now trading at a premium of 6.5% over its initial price on Friday, its performance still pales in comparison to other altcoins. As of this writing, APE is trading at $4.69, a decrease of 3.5% in the last 24 hours, according to data provided by Coingecko on Friday. APE reversed the downtrend on the 4-hour chart after reaching $3.06 in the previous month. Nevertheless,…