Day: August 25, 2022

Crypto Mixer Tornado Cash Saga Fuels Protest After Developer’s Arrest

The local decentralized finance (DeFi) community gathered to draw attention to Pertsev’s case and ensure a fair trial. Schickler captured interviews from some of the attendees of the protest, many expressing concerns about the implications of Pertsev’s arrest to the right of privacy and the future of open source development. Listen to hear the voices of Buzko Krasnov, Eléonore Blanc, Naomi Schettini, James Murdza, Rinke and two individuals who wished to remain anonymous. Source

Crypto adoption in Ireland down over 16% in the last year

boss

The number of crypto investors in Ireland has decreased slightly in the past year, or so it appears, according to recent data from Finder.com.  The report revealed that cryptocurrency adoption in the island nation has dropped by approximately 16.6% within the last year. Of the surveyed adult Irish internet users, 10% own cryptocurrency, as opposed to 12% in 2021. Finder’s crypto specialist James Edwards commented that such a small decrease is actually a positive shock given the state of the bear market. “We saw huge drops in the price of…

Amendments to US commercial code differentiate crypto and ‘electronic money’

boss

A joint committee of the United States’s Uniform Law Commission (ULC) and the American Law Institute (ALI) finalized amendments to the Uniform Commercial Code (UCC), regulating the specifics of digital asset transactions and crypto-as-collateral secured financings.  The amendments are “recommended for enactment in all the States,” although each case of final implementation may vary depending on the State.  A final draft of the ULC-ALI Emerging Technologies Committee’s amendments to the UCC was approved during a meeting on July 8–13. The key updates for the crypto industry appeared in Articles 3…

Sanctions, Disagreements Hamper Regulation of Crypto Mining in Russia, Experts Say – Mining Bitcoin News

boss

The changing geopolitical and economic environment, as well as persisting differences between responsible government institutions, are hindering the advance of legislation tailored to regulate cryptocurrency mining in Russia. According to a report quoting industry watchers, these factors are halting the advance of the necessary legislation. Two Draft Laws on Mining Await Approval by the Russian Government Despite the latest market downturn, the mining of cryptocurrencies continues to expand in Russia, the crypto page of the Russian business news portal RBC noted in an article. The vast country, which ranked fifth…

ETH whales move holdings onto exchanges before Merge

boss

Ethereum blockchain is slated for one of the biggest updates since its inception, as it will transition to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one.  The Merge date is scheduled for Sept. 15, after the successful Goerli test net integration — the final test net merger before the actual transition. Ether (ETH), the native token, was on a bullish surge after the announcement of the Merge date in July with the ETH price rising to a new six-month high of over $2,000 but failed to consolidate the…

🔴Is Coinbase in Trouble? | This Week in Crypto – Aug 1, 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🔥 Here’s what happened this week in Crypto. For the complete stories visit: 00:21 Voyager’s Insurance Claims Were False – 00:42 Cathie Wood Dumps Coinbase – 01:03 Multinational Bank to Launch Crypto Trading – 01:20 EU Lacks Crypto Experts – 01:38 Ethereum Classic Jumps 124% – 02:00 Solana Opens Real Life Store in New York – 02:20 Binance to Sell First NFT Soccer Tickets – 02:38 New Blockchain Network Launched by Mercedes – 📖 Join our 7-day Bitcoin crash course absolutely free:…

Siam Commercial Bank Scraps $500M Acquisition Deal of Crypto Exchange Bitkub

boss

Thailand’s oldest lender, Siam Commercial Bank (SCB) has abandoned the deal to acquire a controlling stake in Bitkub Online, the country’s largest cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may…

BTC Exchange Deposits Reach the Lowest Level in 2 Years

boss

In the latest data published by Glassnode, the on-chain analytics platform highlighted that the number of BTC exchange deposits has significantly decreased in the past few weeks. The 7-day moving average of Bitcoin exchange deposits touched 1,921 on Thursday, which is the lowest level since July 2020. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Due to the latest dip in the price of the world’s largest cryptocurrency, profitability across the BTC…

CCRI Finds TRON as One of the Top Eco-Friendly Blockchains – Sponsored Bitcoin News

boss

sponsored A new report by the Crypto Carbon Ratings Institute (CCRI) showcases the environmental sustainability of the TRON network. According to the “Energy Efficiency and Carbon Footprint of the TRON Blockchain” report, the highly popular TRON network only consumes as much electricity as just fifteen average U.S. households. The Environmental Sustainability of the TRON Network The electricity consumption and related carbon footprint of Bitcoin and other cryptocurrencies have been subject to extensive discussion in public, academia, and industry. Various estimations exist, comparing Bitcoin and other cryptocurrencies’ electricity consumption to various…