Roman Storm, one of the developers of Tornado Cash, is currently facing trial over his role in the project, with prosecutors and defense attorneys arguing over whether it is a software tool or a service. Another developer, Alexey Pertsev, was convicted in the Netherlands on similar charges earlier this year. Source
Day: August 7, 2024
Long-Dormant Wallets Tied to $4B PlusToken China Ponzi Moves 2.8K Ether
In November 2020, Chinese authorities seized almost $4 billion worth of various tokens, including ETH, bitcoin (BTC), dogecoin (DOGE), xrp (XRP), among others, from operators of the PlusToken Ponzi scheme, months after its 27 alleged masterminds were arrested. Source CryptoX Portal
UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since October
“So we’ve issued the alerts against those firms, and actually, our actions have already resulted in the removal of 48 apps from U.K. app stores, and we will continue to work with third parties, like social media companies, to try to get illegal websites removed and taken down as appropriate,” Castledine said. Source
Ethereum (ETH) Whales Grab New 1000x Memecoin That Built On The Ethereum (ETH) Blockchain
In recent weeks, Ethereum (ETH) whales have been making headlines by investing heavily in a new memecoin built on the Ethereum (ETH) blockchain: Mpeppe (MPEPE). This new entrant in the cryptocurrency world has captured the attention of major investors due to its innovative approach and substantial profit potential. Here’s why Ethereum (ETH) whales are flocking to Mpeppe (MPEPE) and what makes this memecoin a standout investment opportunity. Ethereum (ETH)-Based Innovation: MPEPE’s Unique Position Mpeppe (MPEPE) is not just another memecoin; it’s a groundbreaking project built on the robust Ethereum (ETH)…
Is It Time For You To Buy ADA?
Cardano is one of the altcoins that have been significantly impacted in the crypto market crash triggered by the Bitcoin decline. However, while this could sound as the end of the road for some, others are seeing this as an opportunity to buy the cryptocurrency for cheap. One of those is crypto analyst Alan Santana, whose recent analysis points toward bullishness for the ADA price in spite of the decline. The State Of Cardano Crypto analyst Alan Santana has outlined why the Cardano altcoin could be a good buy from…
Bitcoin Price (BTC) Rises Past $57K as CoinDesk 20 Index Gains 0.9%
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Long-Dormant Wallets Tied to $2B PlusToken China Ponzi Moves 2.8K Ether
In November 2020, Chinese authorities seized almost $4 billion worth of various tokens, including ETH, bitcoin (BTC), dogecoin (DOGE), xrp (XRP), among others, from operators of the PlusToken Ponzi scheme, months after its 27 alleged masterminds were arrested. Source
Bitcoin Bull Run Still Intact? Here’s What On-Chain Data Says
After Monday’s market crash, concerns about the stability of Bitcoin’s bull run have emerged. Yet, Ki Young Ju, founder and CEO of CryptoQuant, a leading blockchain analytics firm, maintains a positive outlook. He suggests that, despite the recent crash, on-chain data continues to support the notion that the bull market for Bitcoin remains intact. Bitcoin On-Chain Analysis: Bullish Arguments #1 Bitcoin Hashrate The Bitcoin hashrate, which gauges the computational power utilized in mining and processing transactions, is nearing an all-time high (ATH). Ju notes, “Miner capitulation is nearly over, with…
Bitcoin ETF Issuer Grayscale Launches Crypto Funds for Bittensor’s TAO and SUI
“We are excited to add Bittensor and Sui to our product suite, and believe Bittensor is at the center of the growth of decentralized AI, while Sui is redefining the smart contract blockchain,” said Rayhaneh Sharif-Askary, head of product and research at Grayscale. Original
US Bitcoin ETFs Bleed $148.56M While Ethereum ETFs Cash In
Based on the latest data, spot bitcoin exchange-traded funds (ETFs) experienced net outflows of $148.56 million on Tuesday. Conversely, spot ether ETFs saw a positive inflow of $98.30 million during the same period. $148M Vanishes From Bitcoin ETFs While Ethereum ETFs Rake in $98M On Aug. 6, as the crypto market began to recover from […] Original