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Day: August 24, 2022
Monthly Ethereum options data suggests $2K will remain an elusive target
Since failing to close above the $2,000 mark, Ether (ETH) price has faced a steep 16.8% correction, but this was not enough to give bears an edge in the August $1.27 billion monthly options expiry. Ether USD price index, 12-hour chart. Source: TradingView Currently, there are mixed feelings about the networkโs upcoming change to a proof-of-stake (PoS) consensus network and analysts like @DWhitmanBTC believe the potential benefits of PoS do not supersede the absence of a supply cap and multiple changes in the monetary policy over time. uLtRaSoUnD mOnEy Isโฆ
Co-CEO of Crypto Trading Firm Alameda Research Sam Trabucco Steps Down
Sam Trabucco, the co-CEO of crypto trading firm Alameda Research, is stepping down from his leadership role and becoming an adviser, Trabucco tweeted Wednesday. Like crypto exchange giant FTX, Alameda was started by Sam Bankman-Fried, and the company operates a vast network of trading, yield farming, startup investments and market making. Source
Stablecoin Issuer Tether Wonโt Freeze Tornado Cash Addresses, Says Premature Freezing Could Jeopardize Investigations โ Bitcoin News
While the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not โfreeze Tornado Cash addresses.โ Tetherโs recently published blog post about the subject says the company is waiting for instructions from law enforcement. Tether Has No Plans to Freeze Tornado Cash-Associated Private Wallets and Is Waiting to Hear From Law Enforcement Officials On August 8, the U.S. Treasury Departmentโs financial watchdog, the Office of Foreign Asset Control (OFAC), bannedโฆ
Tether says it would not freeze sanctioned Tornado Cash addresses unless instructed by law enforcement
On Wednesday, U.S. dollar stablecoin issuer Tether (USDT) said that it would not freeze smart contract addresses sanctioned by the U.S. Office of Foreign Assets (OFAC) Controlโs Specially Designated Nationals and Blocked Persons (SDN) list for cryptocurrency trail-mixer Tornado Cash. In explaining the decision, Tether said: โSo far, OFAC has not indicated that a stablecoin issuer is expected to freeze secondary market addresses that are published on OFACโs SDN List or that are operated by persons and entities that have been sanctioned by OFAC. Further, no U.S. law enforcement agencyโฆ
Crypto Market Rally Stopped Short Ahead Of Reaching Full-Blown Greed
Data shows the crypto market sentiment almost entered into the greed territory before the latest rally came to an end. Crypto Fear And Greed Index Shows Investors Are Fearful Right Now According to the latest weekly report from Arcane Research, the market sentiment is currently just floating above the extreme fear region. The โfear and greed indexโ is an indicator that tells us about the general sentiment among investors in the crypto market. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. Whenโฆ
MTV adds Metaverse award category: Nifty Newsletter, Aug 17โ23
In this weekโs newsletter, read about how the Metaverse is a catalyst for nonfungible token (NFT) adoption. Check out how GameStopโs NFT marketplace revenue dropped and how MTV added a metaverse award at the VMAs. In other news, learn about how Telegramโs founder has been floating the idea of integrating NFT-like smart contracts for Telegram usernames. And donโt forget about this weekโs Nifty News roundup featuring Decentralandโs Metaverse Art Week. Metaverse is a key factor in long-term NFT success, says new research A report published by consultancy firm Juniper Researchโฆ
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BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, MATIC
Bitcoin (BTC) and several major cryptocurrencies have been trading sideways as traders avoid taking large bets before the United States Federal Reserveโs Jackson Hole Economic Symposium, which begins on Aug. 25. The volatility is likely to soar as investors get some clarity on the Fedโs stance in the next few days. On Aug. 23, a team led by Goldman Sachs chief economist Jan Hatzius said that Fed chair Jerome Powell could sound dovish when he speaks on Aug. 26, reiterating that the central bank may move at a slower pace inโฆ
The Ethereum Merge Has an Official Kick-Off Date
The Bellatrix upgrade, which begins the final countdown, is set to activate on Sept. 6. The Merge itself will be completed at some point between Sept. 10-20. Source