It would appear that recovering his funds would, right now, constitute a sanctions violation. At a minimum, there is no clarity. To many, the sanctions appear to either have been a heartless move, forsaking the privacy needs and financial integrity of innocent users, or to have been a thoughtless one. Source
Day: August 16, 2022
Repair DAMAGED Mining Truck Cylinder Barrel | Part 2 | Machining & Honing
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Now the welding has cooled let’s get this job finished! This video is part 2 of a job to repair a damaged hydraulic cylinder barrel from a mining truck. This is the hoist cylinder barrel off a Caterpillar 785 Haul Truck, the cylinder helps to lift and lower the body when dumping out the payload. In this Part 2 we show step by step to complete the replacement of this cylinder barrel. We counter bore the weld on the ID of the…
Unstoppable Domains Streamlines Use of Web3 Identities Through iPhone App
Unstoppable’s next move is to foster a community within the app, integrating a feature allowing users to discover each other’s domain-linked profiles ahead of its Android launch at the end of the year. Its mission is for Web3 to become “accessible to the next 500 million people, not just the 50 that are within crypto now,” said head of product Michael Williams. Source
Worried about inflation’s impact on your retirement savings? Invest in cryptocurrency
Around the world, personal financial stress is peaking. A recent study in America found that more than three in four people feel anxious about their financial situation. This is seeding anti-risk mentalities and prompting fears around the safety of long-term savings, including retirement funds. However, that shouldn’t mean hiding money under the floorboards. Nor should it necessarily mean handing over the reins to a low-growth pension fund, which at current rates of inflation, are likely to be losing value. It means being smarter about assessing all options and diversifying. And…
Brazil's Largest Investment Bank, BTG Pactual, Launches Crypto Trading Platform
Called Mynt, the product allows customers to trade bitcoin, ether, solana, polkadot and cardano. Source
Celsius Founder Lost Millions In Crypto By Taking Over Trading Strategy
A new report from the Financial Times has shed more light on the downfall of the crypto lending company Celsius Network. Founded by Alex Mashinsky, the company has been affected by the downside trend in the sector and was forced to halt all operations, negatively impacting their clients, and filed for bankruptcy. The report claims that Mashinsky took over the company’s trading strategy back in January 2022. At that time, the price of Bitcoin was hovering around $35,000 to $40,000, and the crypto market was coming out of a major…
DOGE Races to 3-Month High, XMR Hits Strongest Price Since June – Market Updates Bitcoin News
Dogecoin moved to a three-month high on Tuesday, as prices of the token were up by over 15%. Today’s move comes despite crypto markets mainly falling, with the global market cap 0.21% lower as of writing. Monero was also up, hitting a multi-month high in the process. Dogecoin (DOGE) Less than 24 hours after shiba inu neared a fresh three-month high, its fellow meme coin dogecoin (DOGE), also hit a twelve-week peak. The token surged to an intraday peak of $0.08848 in today’s session, which comes after yesterday’s low of…
Tornado Cash Sanctions Are Spiraling Into Compliance Nightmares
Between Aug. 7 and Aug. 13, users sent in about 11,000 ETH (so this figure went down week-over-week) and sent out … 49,852 ETH. Tornado was sanctioned on Aug. 8, meaning the week-over-week figure nearly doubled. And it’s not that Aug. 7 (the night before the sanctions were announced) was particularly busy: According to Nansen, the inflow amounted to 2,738 ETH, and the outflow was about 1,400 ETH, so not a lot (relatively speaking). The outflow on Aug. 8 was 13,800, a full order of magnitude greater than the day…
Tornado Cash US Ban Is ‘Bad Precedent,’ but Monero Was ‘Made for This’: Cake Wallet Exec
Upgrades include an increase in ring signatures from 11 to 16. The revamp is intended to increase the number of signers per transaction. In addition, the protocol has undergone an upgrade to its “Bulletproof” algorithm, which will improve the size of transactions in an effort to make them “more private and more efficient.” Source
Bitcoin price hits multi-day low as data warns of ‘overbought’ stocks
Bitcoin (BTC) sank to intraday support on Aug. 16 as concerns emerged over the fate of United States stock markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. stocks face stiff resistance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $23,685 on Bitstamp, nearing lows from Aug. 12. After an eerily calm 24 hours, downside set in at the day’s Wall Street open as previous highs in excess of $25,000 looked increasingly like a double top. #BTC is dipping right now as part of a potential technical retest of…