Day: August 9, 2022

As Government Takes on the Tornado Mixer, It May Reap a Whirlwind

Tornado Cash, then, is a network of peer-to-peer channels, rather than a discrete company, entity or service. So while the sanctioning document targets Tornado Cash by name, and lays out a series of specific Ethereum addresses associated with it, the code could in principle be redeployed under a different name and utilizing different addresses. It seems likely this would set up a kind of “whack-a-mole” situation as new iterations of Tornado Cash are sanctioned as quickly as they appear. Source

Bain Capital Leads $12M Round for Scalable Blockchain Developer RISC Zero

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Why Are Crypto Investors Rotating From Bitcoin To Altcoins?

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The crypto market is pulling back into support and could face potential headwinds in the short term. In the crypto top 10, Bitcoin has been outperformed by the altcoins sector with Ethereum and Binance Coin, and Polkadot still preserving some of its gains from the past week. This shows a shift in the crypto market dynamics as investors seem to be regaining confidence in the sector and moving away from Bitcoin. Therefore, the number one crypto by market cap appears to be lagging which translates into a decline in Bitcoin…

Selling Bitcoin doesn’t mean you’re not bullish: Cypherpunk CEO

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Despite a massive wave of liquidations on the cryptocurrency market, some companies that sold their crypto over the past few months are not bearish on Bitcoin (BTC) at all. Canada-based investment firm Cypherpunk Holdings was one of the companies that opted to sell crypto amid the crypto winter of 2022, liquidating 100% of its Bitcoin and Ether (ETH) by June. One of the first public companies in the world to ever invest in Bitcoin, Cypherpunk said at the time that it maintained its long-term “bullish outlook on crypto” despite selling…

Bitcoin drops to support as looming CPI print shakes up crypto and stock markets

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Crypto and equities markets took a bit of a tumble on Aug. 9 as traders grew a bit skittish ahead of tomorrow’s Consumer Price Index (CPI) report. The details of the print will shine a light on whether the Federal Reserve’s aggressive interest hikes are effective in tamping runaway inflation and it could have an impact on the size of future hikes.  Earlier in the week, Tesla CEO Elon Musk suggested that July data will reflect the United States reaching peak inflation and that any recession will be “mild to…

These Are the Crypto Economy’s 5 Most Expensive Assets per Unit in August 2022 – Markets and Prices Bitcoin News

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On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were two digital currencies worth five digits in value, two tokens worth four digits in U.S. dollar value, and one valued at three digits. Today, a lot has changed but currently, bitcoin and the token yearn finance are still the only two tokens with five-digit USD price values, and there’s a total of five crypto assets below them trading for four-digit prices. The Top Crypto Assets by Price per Unit in…

I have Insider information on CPI data. Bitcoin huge pump incoming!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin breaking news and information showing the CPI data will come in favorable for the markets tomorrow. this will cause the DXY / US dollar to start dropping which in turn will cause bitcoin and the Indices to start pumping. I told everyone that $19.5k was a temporary bottom for bitcoin and a point to long, We hit that target and bitcoin got a nice little pump. As long as the DXY is bearish, that will be bullish for the price of…

Alchemy and Infura block access to Tornado Cash as Vitalik Buterin weighs in on debate

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According to Twitter user @0xdev0, on Monday, Web3 development platform Alchemy and Infura.io blocked remote procedure call (RPC) requests to cryptocurrency mixer Tornado Cash, preventing users from accessing the applications. The day prior, the U.S. Treasury placed 44 smart contract addresses linked to Tornado Cash in the Specially Designated Nationals and Blocked Persons (SDN) list. U.S. persons and entities are prohibited from blockchain or business interactions with Tornado Cash under t sanctions, with the possibility of criminal liabilities for violations. The move came after the U.S. Treasury alleged individuals and…