Month: August 2022

US Secretary of State Deletes Claim That Crypto Mixer Tornado Cash Is North Korea-‘Sponsored’

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US Government Amps Up Inevitable Clash With Crypto Privacy in Tornado Cash Blacklisting

Step by step, bank overseers have widened their enforcement territory to include digital assets. In one sense, crypto was their dream financial system, with the path of most transactions auditable on a public ledger, albeit with the identities of senders and receivers hidden behind alphanumeric addresses that looked like they’d been typed by a cat crawling on a keyboard. If the users bought or cashed out their crypto at regulated exchanges, governments could subpoena those companies for their real-world identities. Source

Native Payment Infrastructure, Airswift, Raises $2M in Pre-Seed Funding Led by CE Innovation Capital – Press release Bitcoin News

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press release PRESS RELEASE. Vancouver, August 8, 2022 – Airswift, a fintech startup pioneering Web 3.0 native payment solutions, announced that it raised $2 million USD in a pre-seed funding round led by CE Innovation Capital (CEiC). The latest funding comes amid a bear market sentiment and uncertainty around crypto. It indicates that investors are confident about Airswift’s unique model, and optimistic about the future of payment solutions that power the use of digital assets. With blockchain technology at its core, Airswift is building a comprehensive payment infrastructure native to…

How to Stop Forsage, Meta Force and Other Smart Contract Pyramid Schemes

Ethereum gas fees would soon rise, forcing alleged pyramid alleged scammers like Okhotnikov to migrate to cheaper blockchains. Over the next few years Okhotnikov launched five other smart contract Ponzis on the Tron and Binance Smart Chain blockchains. Recently, scammers have begun to move back to Ethereum thanks to level 2, or subsidiary blockchain, systems that have lowered costs. In Okhotnikov’s case, he has set up his newest pyramid, Meta Force, on the Polygon Network. Source

Will a Bitcoin ETF be Launched This Month? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock . Bitcoin has broken the $24,000 level again this morning and is now up 37% in 8 weeks. It seems clear that the first 4 rate hikes and a technical recession were priced into risk-on assets, as there was huge and persistent sell pressure in anticipation of the events/news. Giants like BlackRock and Wells Fargo demonstrated their bullish stance on Bitcoin last week, with Wells Fargo saying cryptocurrencies have evolved into a valid portfolio option. ARK Invest, a U.S. investment management…

Market Sentiment Holds Steady As Bitcoin Aims For $24,000

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Bitcoin has been holding steady over the weekend. The cryptocurrency had been able to beat the $24,000 mark last week but had retraced downward not long after. However, this retracement has not had too much of a negative impact on the sentiment toward the digital asset. As bitcoin has started upwards once more, the market sentiment has been incredibly strong.  Bitcoin Goes For $24,000 The opening of the new week saw bitcoin start below $24,000 in the early hours of Monday. This quickly changed with a rally on a 6-hour…

Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst

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Bitcoin is likely to transition from a risk-on to a risk-off asset in the second half of 2022, as the macroeconomic environment is rapidly shifting towards a recession, said Mike McGlone, senior commodity strategist at Bloomberg, in a recent interview with Cointelegraph. McGlone predicted: “ I see it transitioning to be more of a risk-off asset like bonds and gold, then less of a risk-on asset like the stock market.” According to the analyst, the crypto market has flushed out most of the speculative excesses that marked 2021 and it is…

Ethereum MERGE: Most PIVOTAL Event In Crypto History

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The next evolution in crypto is almost upon us. There is a lot of noise in the crypto space on this topic, but one thing that is clear…the merge from Ethereum Proof of Work to Ethereum 2.0 is without a doubt the most highly anticipated event in digital assets to date. The stakes have never been higher for Vitalik and the gang, and we know if Ethereum is ever going to flip Bitcoin, considering how long the merge has been delayed…this transition…

Crypto Lender Hodlnaut Pauses Withdrawals — Company Cites Market Conditions, Despite Recent Crypto Rally – Bitcoin News

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On August 8, the crypto exchange and lending platform Hodlnaut announced that the company has paused withdrawals, token swaps, and deposits. Hodlnaut joins a slew of crypto firms that have frozen withdrawals during the last three months, leaving customers little hope that they will see their funds again. Well before Hodlnaut’s withdrawal pause, the Terra whistleblower called Fatman warned people about Hodlnaut’s alleged issues. Another Crypto Platform Freezes Operations Citing Recent Market Conditions Another crypto exchange and lending platform, called Hodlnaut, has revealed it has suspended all operations including withdrawals,…

Fed reverse repo reaches $2.3T, but what does it mean for crypto investors?

The U.S. Federal Reserve (FED) recently initiated an attempt to reduce its $8.9 trillion balance sheet by halting billions of dollars worth of treasuries and bond purchases. The measures were implemented in June 2022 and coincided with the total crypto market capitalization falling below $1.2 trillion, the lowest level seen since January 2021.  A similar movement happened to the Russell 2000, which reached 1,650 points on June 16, levels unseen since November 2020. Since this drop, the index has gained 16.5%, while the total crypto market capitalization has not been…