Day: September 17, 2022

Coinbase is fighting back as the SEC closes in on Tornado Cash

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On Sept. 8, Coinbase announced it was bankrolling a lawsuit against the United States Treasury Department. The cryptocurrency exchange is funding a lawsuit brought by six people that challenges the sanctions on Tornado Cash.ย And on Sept. 9, Securities and Exchange Commission (SEC) Chair Gary Gensler announced he was working hard with Congress to create legislation to increase cryptocurrency regulations. But these two stories are not mutually exclusive. The sequence of events proves that governments are purely reactive rather than proactive when it comes to decentralized finance (DeFi). Tornado Cash was…

Cara Menambang Bitcoin di Android

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Solar-Powered Crypto Farm in Australia to Prove Bitcoin Mining Can Be Green โ€“ Mining Bitcoin News

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A crypto mining data center in the state of South Australia will be running mainly on solar-generated electricity, a media report reveals. The coin minting facility has been set up in a region known for its energy-hungry iron ore extraction and steel production. Bitcoin Farm to Mine Cryptocurrency on Solar and Excess Energy in South Australia The โ€˜Steel Cityโ€™ of Whyalla in South Australia has become home to a new crypto mining installation that will run on electricity generated from solar power. Operated by the Lumos Digital Mining company, the…

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Ethereum’s Post-Merge Transfer Fees Remain Low, Since Mid-May High-Priority ETH Fees Are 93% Cheaper โ€“ Bitcoin News

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Following Ethereumโ€™s transition from proof-of-work (PoW) to proof-of-stake (PoS) on September 15, the blockchain networkโ€™s transaction fees have been much lower than they were ten days before The Merge. Roughly four months ago on May 13, 2022, high-priority ether transactions could cost 68 gwei or $2.97 per transaction, and today at $0.18, a high-priority ether transaction is 93% cheaper. Ethereum Fees Remain Low Following The Merge The cost to transact on the Ethereum network is cheaper post-Merge, as etherscan.ioโ€™s gas tracker indicates a high priority transaction on September 17, 2022,…

Ethereum completes merge, Do Kwon faces arrest warrant and Bitcoin dives after rally: Hodlerโ€™s Digest, Sept. 11-17

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Coming every Saturday, Hodlerโ€™s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more โ€” a week on Cointelegraph in one link. Top Stories This Week ย  Breaking: Historic day for crypto as Ethereum Merge to proof-of-stake occurs Ethereumโ€™s highly anticipated conversion to a proof-of-stake (PoS) consensus algorithm, dubbed โ€œthe Merge,โ€ took place at 6:42:42 am UTC on Sept. 15. The move is a key part of an overarching multi-year transition…

Hereโ€™s why Binance Chain (BNB) will face an important price test on September 30

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BNB, the native token of Binanceโ€™s BNB Chain, entered a symmetrical triangle formation on Aug. 10, when it first faced the descending trendline at the $335 resistance. The following five weeks have been a struggle around $280, the exact intersection between the two conflicting ascending and descending patterns. BNB token/USD at FTX. Source: TradingView A decision on whether the symmetrical triangle will break to the upside or downside is expected by Sept. 30, when the trendlines cross. Currently holding a $45 billion total market capitalization, BNB Chain token has outperformed…

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Ethereum (ETH) Price Is Likely To Stop Bouncing Now, Analyst Says

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In a tweet two days ago, Bluntz predicted that ETH is only a 10% drop away from stabilizing. The Crypto trader is famous for accurately predicting Bitcoinโ€™s 2018 bear market. More popular as the โ€œsmart contracter,โ€ the strategist explained that he had been closely tracking ETH price charts since August.ย  โ€œEthereum is in the final stages of its current bearish run and will swing upward soon,โ€ he assured his 211,000 followers. Once the token corrects its course, investors can then get ready to take up long-term positions, the tweet explained.…

Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC โ€“ Bitcoin News

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A Securities and Exchange Commission filing filed on September 16 shows that the company Grayscale Investments has declared โ€œdistribution of rights to Ethereum Proof of Work Tokens.โ€ The newly launched ETHW blockchain went live on September 15 and roughly 50-60 terahash per second (TH/s) of hashrate is dedicated to the new network. Grayscale notes that thereโ€™s โ€œuncertainty as to whether digital asset custodians will supportโ€ the newly launched ETHW coin. Grayscaleโ€™s 2 Funds Declare Rights to ETHW Fork The worldโ€™s largest crypto asset manager by assets under management (AUM), Grayscale…