Tag: Cash

FTX has recovered over $5B in cash and liquid crypto: Report

boss

According to an attorney familiar with the matter, troubled cryptocurrency exchange FTX has “recovered $5 billion in cash and liquid cryptocurrencies.” However, the exchange is still “working to rebuild transaction history,” and the total amount of customer shortfall is “still unclear.” Cointelegraph previously reported that FTX has $8.8 billion in total liabilities. At the time, sources said the exchange had very little in cash and liquid digital assets, amounting to an estimated $8 billion hole in its balance sheet.  Cast your vote now! Sam Bankman-Fried, the disgraced founder of FTX,…

Sanctions Reduce Total Inflow of Tornado Cash by 68%

In the most recent report, Chainalysis research suggested that the illegal use of Tornado Cash was essentially associated with crypto hacks and scams, with an approximate average of thirty-four percent of all inflows. Tornado Cash, an open-source, decentralized cryptocurrency tumbler, which was recently in news for its conjectured role in the laundering of criminal proceeds, has been crippled after the levying of sanctions. The decentralized mixer, was, however, not completely put out of usage by the regulatory conduct. The crypto mixer’s alleged malpractice was disclosed on August 8th last year…

Morgan Stanley Eyes Bitcoin Market via GBTC and Cash Settled Futures on Its European Fund

boss

Morgan Stanley warned that the value of GBTC may drop ‘precipitously’ to zero due to regulatory changes, a crisis of confidence, a flaw, or an operational issue in the Bitcoin network. Morgan Stanley (NYSE: MS) has announced that its European Fund has set aside cash to invest in the Bitcoin market. According to its annual shareholder’s report filed on January 5 to the SEC, the company’s European Opportunity Fund has made a deliberate attempt to invest in the volatile crypto market via cash-settled futures or indirectly through Grayscale Bitcoin Trust…

Decentralization meant sanctions couldn’t ‘pull the plug’ on Tornado Cash: Chainalysis

boss

Sanctions aimed at decentralized crypto mixer Tornado Cash weren’t able to completely cut off its usage, though it has hamstrung the service, a blockchain analytics firm has shared. On Aug. 8, the Office of Foreign Assets Control (OFAC) announced sanctions against the crypto mixer for its role in the laundering of crime proceeds. In a report published on Jan. 9, Chainalysis said the sanctions did have some effect, causing total inflows to the mixer to drop by 68% in the 30 days after the sanctions came into force. 1/ The…

Exploited Nomad Bridge Wallet Transfers $1.5M to Tornado Cash

As the team behind Nomad Bridge works on relaunching the platform, a fresh movement of 1200 ETH has been noticed from one of the wallet addresses linked to the hack. A wallet address belonging to Nomad Bridge, which faced a $190 million exploit last week, has recently moved a total of $1.57 million in ETH to the banned crypto mixer Tornado Cash. As per the PeckShield data, attackers of the cross-chain interoperability protocol transferred 1,205 ETH (about $1.5 million) to Tornado Cash. #PeckShieldAlert @nomadxyz_ bridge exploit related address has transferred…

Nomad exploit wallet address transfers $1.5M to Tornado Cash

boss

An address related to the $190-million Nomad exploit has moved $1.57 million in Ether (ETH) to the sanctioned crypto mixer Tornado Cash.  In an alert, blockchain security firm CertiK flagged that a wallet address affiliated with the Nomad hack has transferred 1,200 ETH into Tornado Cash, suggesting that the attackers may be cashing in the funds. The hacker transferred 12 batches of 100 ETH to the sanctioned mixer. Nomad hack address transferring funds to Tornado Cash. Source: Etherscan The Nomad bridge hack was one of the ten largest crypto hacks…

Nigeria to Stop Cash Withdrawals From Government Accounts – Economics Bitcoin News

boss

From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public officials that want to be exempted from this new regulation will have to obtain a waiver from the Nigerian Presidency. Government Workers Vulnerable to Money Laundering Nigerian government workers will be prohibited from drawing cash from government accounts starting on March 1, Modibbo R. Hamman Tukur, the head of the Nigerian Financial Intelligence Unit (NFIU), has said. The new rule, which…

The worst influencer and celebrity NFT cash grabs of 2022

boss

Mainstream hype for the nonfungible token (NFT) market cooled down significantly in 2022, but that didn’t stop a host of popular and wealthy figures from stinking up the space with dreadful collections last year. In the 2022 edition of the worst influencer and celebrity NFT cash grabs, Cointelegraph takes a look at four projects seemingly designed to milk capital out of their fans pockets, while delivering very little. Tai Lopez — OG (Original Garage) Social Club First on the list is the oddball entrepreneur Tai Lopez, best known for his…

Bitcoin Cash Closes 2022 With A Year-Low

boss

It is no surprise for Bitcoin Cash to perform this poorly when the entire crypto market fell deeper in the bear market due to various negative factors, including the much-publicized collapse of crypto exchange FTX. According to CoinGecko, the token is down a further 1.4% in the past 24 hours. This doesn’t bode well as major cryptocurrencies like Bitcoin and Ethereum have started 2023 very weakly as well. Bitcoin Cash And Bitcoin Connections Since Bitcoin Cash is a fork of Bitcoin, BCH will have a strong correlation to BTC most…

BITCOIN e CRYPTO Volatilità in vista 🧨 CryptoMonday NEWS w50/’22

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CryptoMonday: Bitcoin, Crypto Mercato e News. Preorder del nuovo Ledger Stax 👉 Hai bisogno di supporto nel mondo Crypto? 👉 – Indice e Riferimenti: ► 00:00 – Intro e Analisi di Mercato ► 01:25 – Finestre Temporali ► 02:45 – Analisi Tecnica ► 05:21 – CPI e Inflazione ► 06:51 – 5 cose da osservare ► 19:08 – Saga FTX ► 20:58 – Banche pronte a comprare ► 22:08 – Celsius updates ► 23:50 – PoRs ► 27:44 – Ledger Stax ►…