Day: October 17, 2023

Tether has frozen 32 addresses linked to illicit activity

In an Oct. 16 post from Tether, the stablecoin issuer confirms it has frozen 32 addresses linked to illicit activity in Israel and Ukraine. These addresses are said to hold $873,118 worth of the Tether stablecoin. Crypto transactions are transparent The report also shares that the company is working with the National Bureau for Counter Terror Financing in Israel to continue countering crypto-funded terrorism and warfare. Newly appointed Tether CEO Paolo Ardoino emphasized the transparency of cryptocurrency transactions on blockchain platforms, enabling Tether to play an integral role in preventing the use…

Bitcoin Price Key Indicators Suggest Fresh Rally Toward $30K

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Bitcoin price spiked toward $30,000 after fake news about spot ETF hit the market. BTC is now consolidating above $28,200 and could rise toward $29,200. Bitcoin is holding gains above the $28,000 and $28,200 levels. The price is trading above $28,200 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $28,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear move above the $28,800 resistance. Bitcoin…

Manta Network transitions to Polygon CDK

Manta Network has unveiled its strategic decision to adopt the Polygon Chain Development Kit (CDK) for the network’s future development.  The Polygon CDK is an open-source toolkit designed for the creation of zkEVM Layer 2 solutions. Consistent growth trajectory Following this announcement, developers now have access to the Universal Circuits, a versatile library of zero-knowledge (ZK) circuits explicitly tailored for versatile applications and decentralized application (dApp) creation.  Co-founder of Polygon Sandeep Nailwal expressed enthusiasm about this integration, emphasizing the synergies between Manta Pacific, the Modular L2 with ZK-as-a-Service and the…

Solana wind down ‘deemed a necessity’ after low fees, says Lido Finance

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Decentralized liquid staking protocol Lido Finance has announced a decision to cease operations on the Solana blockchain following a community vote in Lido’s decentralized autonomous organization. The proposal to sunset Lido on Solana was first put forward by Lido’s peer-to-peer team on Sept. 5, citing unsustainable financials and low fees generated by Lido on Solana. Voting commenced on Sept. 29 and finished a week later on Oct. 6. “After extensive DAO forum discussion followed by community vote, the sunsetting of the Lido on Solana protocol was approved by Lido token…

Bitcoin Hovers Above $28K After ETF Reports Prove False

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In a note, David Lo, head of financial products at Bybit, wrote that on-chain activity shows bitcoin holdings by long-term investors are reaching record levels, while Ethereum’s gas usage is dropping significantly, leading to faster ether inflation. Bitcoin has increased its dominance – its share of the overall market capitalization of cryptocurrencies – while notching gains relative to ether. Original

Cardano Whale Addresses Continue To Fall, What Does This Mean For ADA Price?

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The ADA price has moved in tandem with the rest of the crypto market after a small rally but Cardano whales continue to threaten this positive price action. According to recent data, the balances of large ADA whales have continued to decline, suggesting that they may be selling off their substantial holdings. Cardano Whale Balances See Large Drop Over the last month, the balances of Cardano’s largest holders have been on a decline. This has occurred as the price of ADA has fallen but with each small recovery, these whales…