As new layer 1 blockchains have popped up, we’ve seen the concept of maximalism shift to include individuals that believe their prefered chain (and only their chain) is the future of digital finance or web infrastructure. This includes niche maximalists such as smart contract or EVM (Ethereum Virtual Machine) maximalists, as well as more specific maximalists, such as Ethereum or Cardano maximalists. Source
As the NFL season gets underway, several new crypto-inflected fantasy games are ready for play, says Jeff Wilser. Source
The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining. The federal government’s entity recommends the Biden administration should encourage more research about mining’s electricity consumption and codify public policy for the entire mining industry. Office of Science and Technology Policy Report Claims Something Needs to Be Done to Stop Crypto Mining Pollution According to the U.S. Office of Science and Technology Policy (OSTP), bitcoin mining…
According to a new lawsuit filed in the U.S. District Court, Western District of Texas. On Thursday, six users of the Ethereum blockchain and cryptocurrency mixer Tornado Cash sued the U.S. Department of Treasury, alleging that its recent designation of 44 Tornado Cash smart contract addresses to the Specially Designated Nationals (SDN) list of the Office of Foreign Asset Control (OFAC) is “not in accordance with law.” Since Aug. 8, U.S. persons and entities have been prohibited from interacting with the sanctioned Tornado Cash smart contract addresses, blockchain or business-wise,…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today, we are looking at big Layer 1’s like Solana (SOL), Avalance (AVAX), and NEAR. Does the ETH merge mean you sell or buy? If ETH whales sell before the merge, that could create the dip that bulls can look forward to. The Fed may be done hiking interest rates. ●▬▬▬▬ Clips Channel▬▬▬▬● ●▬▬▬▬ Timestamps ▬▬▬▬● 0:00-1:18 – Token Metrics Intro 1:18-1:56 – Market Update Intro 1:56-3:35 – Audience engagement 3:35-4:50 – What will be discussed today 4:50-5:25 – ETH Merge Kick-Off…
EmpiresX’s “Head Trader” Joshua David Nicholas, 28, faces up to five years in prison for his role in the scam. Source
On Thursday, blockchain forensics firm Chainalysis said that law enforcement had recovered $30 million in crypto stolen from the $625 million Ronin Bridge hack in March. According to Chainalysis, Lazarus Group, the North-Korea linked entity behind the attacks, first used sophisticated money-laundering techniques such as sending stolen Ether (ETH) to crypto-mixer Tornado Cash, swapping it for Bitcoin (BTC), sending theBitcoin to Tornado Cash, and then cashing out at exchanges. However, the group recently moved away from such techniques after the U.S. Department of Treasury imposed sanctions on Tornado Cash wallet…
On-chain data shows the Bitcoin exchange whale ratio spiked up just before the crypto’s plunge below the $19k level. Bitcoin Exchange Whale Ratio Breached 90% Right Before The Price Dip As pointed out by an analyst in a CryptoQuant post, the whale activity on exchanges has been raised recently. The “exchange whale ratio” is an indicator that measures the ratio between the top ten inflow transactions to exchanges and the total exchange inflows. The ten biggest transfers are assumed to be from the whales, so that the metric tells us…
In this episode of NewsBTC’s daily technical analysis videos, we compare Bitcoin price action with Wyckoff accumulation schematics, price cycles and more. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 8, 2022 This video provides a detailed look at Bitcoin market cycles using Wyckoff theory and other cyclical tools. Is The Composite Man Behind Bitcoin Mark Down? Wyckoff theory is based on the idea that retail traders are regularly outsmarted by large operators he referred to as the Composite Man. It is also known for its phases…
The president of the CNBV between December 2018 and March 2020, Gómez was trained as a biochemical engineer but has spent his career in the financial sector. After leaving the Mexican Securities Commission, he joined the Cabinet for Economic Growth, created in 2020 by the Mexican President Andrés Manuel López Obrador. Source