Coin Center, a Washington, D.C., nonprofit that advocates for decentralized computing technologies, argued that OFAC had overstepped its authority. According to its rules, OFAC can only target entities that are individuals or companies. But Tornado Cash smart contracts are neither; they cannot alter their behavior, nor lodge an appeal with OFAC to have the sanctions revoked, a key element in any sanctioning process. Source
On-chain data shows the Bitcoin 30-day long-term holder SOPR hasnโt yet reached the historical bottom level during the current cycle. Bitcoin 30-Day Long-Term Holder SOPR Has Declined Recently As pointed out by an analyst in a CryptoQuant post, the long-term holders havenโt attained their maximum pressure point yet. The โSpent Output Profit Ratioโ (or SOPR in short) is an indicator tells us whether the average Bitcoin investor is selling at a profit or at a loss right now. When the value of this metric is less than 1, it means…
The crypto market successfully bounced from support with major cryptocurrencies recording profits over todayโs trading session, VeChain (VET) follows the general sentiment. The cryptocurrency has been able to preserve some of its gains from yesterdayโs session and seems poised for further highs. At the time of writing, VeChain (VET) trades at $0.023 with a 2% profit in the last 24 hours and a 5% profit over the past 7 days. In higher timeframes, the cryptocurrency records significant losses, but in the short term, this trend might be starting to reverse.…
Two crypto exchange platforms are being reportedly asked by South Korean authorities to freeze tens of millions of dollars worth of Bitcoin (BTC) tied to Terra (LUNA) founder Do Kwon. According to a new report by Bloomberg, South Korean prosecutors are asking the KuCoin and OKX crypto exchanges to freeze 3,313 BTC linked to a crypto wallet associated with Kwonโs Luna Foundation Guard (LFG) worth about $67 million at time of writing. Citing analyst CryptoQuant, South Korean officials say that the wallet was created on September 15th. โCryptoQuant specified new…
Brasil, uno de los primeros paรญses en endurecer su polรญtica monetaria en 2020, posee la segunda tasa de interรฉs mรกs alta del mundo, de 13,75%. Pero, por lejos, Argentina posee el primer puesto del ranking: en septiembre, el banco central anunciรณ un aumento de 550 pbs, lo que llevรณ su tasa de interรฉs de referencia a 75%. CryptoX Portal
Meta, Facebook and Instagram’s parent company, announced another development in its digital arts initiative. As of Sept. 29, all users on both platforms can connect wallets and share nonfungible tokens (NFTs) across 100 countries.ย As part of the feature, which has been in testing since May, users will be able to tag creators and collectors, and cross-post digital collectibles between platforms without paying any fees. Everyone on @instagram and @facebook can now share their digital collectibles in the US, and on Instagram in the previously announced 100+ countries. Creators like…
MATIC price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength.ย MATIC rally caught short as BTC price continued to range. The price of MATIC must hold $0.72 support or face a drop-down to a weekly low.ย Polygon (MATIC) price showed some bullish strength recently, but the price has struggled to break above key daily resistance against tether (USDT). The price of Polygon (MATIC) has continued to range as bulls sweat over a potential break of the key support zone holding the price of…
Private banks are even more risk-averse when granting a loan. In Brazil, the largest private bank, Itau, offers personal loans with an annual interest rate that can go up to 172.85%, according to its website. In Argentina, the annual interest rate offered by the largest private player, Banco Santander, can reach 230%. Source
Celsius filed for bankruptcy in July, and the case is now moving through the U.S. Bankruptcy Court for the Southern District of New York. The latest filing from the Texas State Securities Board and the Texas Department of Banking also points out that Celsiusโ past activities are currently being investigated by more than 40 statesโ regulators and the company is under orders to cease all investing activity. Source
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