Day: October 12, 2022

Crypto Think Tank Coin Center Sues US Treasury Over Tornado Cash Sanctions

“An order effectively requiring Defendants to decriminalize use of the 20 Tornado Cash addresses would allow Plaintiffs to conduct their legitimate activities with some measure of anonymity, use their preferred software tool without fear of penalties, and engage in important expressive associations,” the suit said. “Judicial relief would also serve the public interest by averting harm to Tornado Cash users who are United States persons, to Ethereum as a freedom and privacy enhancing technology, and to the important sector of the economy that depends on Ethereum.” Source

Talking the Future of Web3 With David Bianchi

After that? Bianchi was all-in. “I knew I was here to stay,” says the actor, who spent months in Clubhouse rooms and Discords to immerse himself in Web3 culture. He even begins our Zoom call with a cheery, “Gm, gm!” The man knows the space. Here, he opens up about how Web3 can empower artists, lead to the creation of better content, and unlock a future of media that he calls a “cataclysmic shift.” Source

Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March – Bitcoin News

According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token mango (MNGO) which allowed them to borrow $117 million against the exploited collateral. Mango Markets Hacked for $117 Million, Blockchain Security Firm Summarizes the Attack Vector On Tuesday, the Solana-based Mango Markets platform was hacked for $117 million. The team tweeted about the…

Why These Experts Believe The Ethereum Price Could Soar to $5K

The Ethereum price has been trending to the downside after its successful implementation of “The Merge” and its transition to a Proof-of-Stake (PoS) consensus. Launched back in September on mainnet, ETH’s price has been losing bullish momentum since then. At the time of writing, the Ethereum price trades at $1,298 with sideways movement during today’s trading session and a 5% loss in the last 7 days. The second cryptocurrency by the market has been following the general sentiment in the market as the nascent asset class is pushed down due…

Crypto Market Update Today – HBAR about to 🚀 – XLM Review – AMGEN is moving! – Google & Coinbase?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this crypto market update on 11 October 2022, we first reviewed bitcoin. Bitcoin price has continued to range for 120 days. so exhausting! It is in a falling wedge, and I shared some trading strategies. Additionally, make sure you check out some of my short form content, as I have discussed #amgen stock and anti-radiation pills twice. Its made a big move in the market today, and I do expect a continuation at least for a bit. We also took a…

Indicador técnico de bitcoin señala grandes movimientos y algunos traders se preparan para “vender volatilidad”

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“Este año, ether cayó en promedio 1,5% la semana siguiente a la publicación del informe de inflación. El mercado de opciones actualmente está valorando un movimiento posterior de +5/-5% para ether”, dijo Thielen. “Yo diría que el mercado está sobrevalorando la volatilidad esperada y, por lo tanto, yo sería un vendedor de volatilidad”. Original

What Credit Suisse and Three Arrows Capital Have in Common

The good news is that, at least for now, analysts don’t see Suisse as a systemic risk in the way that Lehman Brothers was in 2008. Still, there are ways to view Suisse’s ineptitude as systemic to modern banking. Economists have argued, for instance, that big banks consistently make huge mistakes because the concentration of power reduces diversity of thought. Others look to the moral hazard of bailouts to explain banks’ risk exposure. Source

Bankman-Fried: Rescue market is drying up, and we’re all to blame for its existence

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The crypto billionaire said he would look at Celsius, but he saw little left to rescue otherwise; the mess is the price of inaction on the part of regulators and the industry. FTX head Sam Bankman-Fried said that he will take a look at Celsius, but he does not see a lot more to do on the “rescue market.” He hoped FTX will be able to start returning the money left in Voyager to investors soon. FTX bought Voyager assets at auction after the company spurned his buyout bid. “I’m…

QNT Remains Near Multi-Month High, HBAR 11% Higher – Market Updates Bitcoin News

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Quant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day. Hedera was another notable mover in today’s session, as it rose by as much as 11% earlier in the day. Overall, crypto markets are marginally down as of writing. Quant (QNT) Quant (QNT) rose for a second consecutive day on Wednesday, as prices remained close to an eight-month high. On Sunday, the token surged to a peak of $163.83, which is the highest point quant has hit since…

Expert Suggests How Ripple Will Trend Amid Expansion In Europe

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The long-standing legal battle between Ripple and the SEC in the US has not stopped the firm from advancing into other markets. For example, ripple announced its first On-Demand Liquidity partners (ODL) in France and Sweden via press release. Ripple continues its expansion into the European markets to provide online payment services leveraging its XRP token. In the press release, Ripple announced that it would join forces with Lemonway, an online marketplace payment provider based in Paris. Ripple revealed that Lemonway would utilize RippleNet ODL for crypto-enabled payments to enhance…