“It’s clear to us that these judges are not as familiar with the subject matter as they should be,” Cheng said. “At the moment, the case law regarding criminal activities is all about bitcoin mixers … it’s very important that the court understands that Tornado Cash is something different.” Original Source AlexeyCashDeveloperFebruraryJailLatePertsevRemainTornado CryptoX Portal
The miner was running 232,000 machines in its facilities as of the end of the quarter, accounting for 13 exahash per second (EH/s) of bitcoin self-mining computing power, or hashrate, and 9.5 EH/s of hosted machines for other firms, according to the filing. That’s 8.6% of the global hashrate. Source
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 22, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
The Economic Crime and Corporate Transparency Bill, which is being debated in Parliament, already includes measures to give authorities the power to seize and freeze crypto tied to crime. Source
While the contagion effects of FTX’s collapse still cannot be fully assessed, Bitcoin whales and OGs seem to be playing it safe. Most notably, the insolvency fate of Genesis Trading, DCG and Grayscale is hovering over the Bitcoin market like a sword of Damocles. This uncertainty is especially evident in the cohort of Bitcoin whales and long-term holders. As Glassnode notes in its latest report, recent on-chain data suggests that “the confidence and financial position of whales and Bitcoin old hands have been shaken by the event.” Whales, institutions and…
According to several Twitter-based researchers, including Lookonchain, the whale recently borrowed some 20 million CRV from the DeFi lending giant Aave and transferred half of that to OKEx, possibly to sell the cryptocurrency. The balance held on OKEx has increased by 11.3 million this month, according to Glassnode data. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin mining is facing an unbelievable amount of difficulties right now – from mining farms going bankrupt, to the ever-present “green energy” debate. Is it still worth it to mine Bitcoin, or should you stop mining BTC right now? Let’s find out! Sub! Wanna start mining Bitcoin? Check out CoinMiningCentral – Mine your Bitcoin with ViaBTC – One of the biggest BTC mining farm companies in the world, Compute North, has filed for bankruptcy amidst the falling Bitcoin prices and growing mining…
CoinMarketCap, a leading market researcher and tracker in the crypto industry, announced the launch of a new feature on its platform which allows users updated financial insights on exchanges. The proof of reserves (PoR) tracker audits active cryptocurrency exchanges in the industry for transparency on liquidity at a given moment. According to the announcement, the tracker details the total assets of the company, and its affiliated public wallet addresses, along with the balances, current price and values of the wallets. CoinMarketCap reports the PoR trackers will update data every 5…
Nicolas Maduro, president of Venezuela, has expressed his support for the adoption of a new common currency for Latam in the latest meeting of the Workgroup of the Sao Paolo Forum. Maduro stated that this would be an important step for the construction of a common economic space, that would also include cryptocurrency as an important element. Maduro Supports Single Currency Project for Latam Nicolas Maduro, president of Venezuela, has signaled his support for the idea of a single currency for all the countries in Latam as a way of…
The collapse of FTX has triggered a notable drop in the price of Bitcoin (BTC), but that in no case means that BTC can be destroyed by failing cryptocurrency firms, according to Bitcoin proponent Samson Mow. The cryptocurrency industry is still seeing the wave of FTX contagion playing out, and it is likely to face more similar crashes in the near future, Mow said in an interview with Cointelegraph. According to the executive, FTX contagion could be part of the Terra ecosystem collapse, which caused a domino effect on the…