Tag: Cash

Crypto Lender Celsius Network Says $70M Cash Relief Will Bolster Efforts to Survive the Year

CryptoX – Cryptocurrency Analysis and News Portal During a hearing in the U.S. Bankruptcy Court for the Southern District of New York on Thursday, a Kirkland & Ellis lawyer said the loans were mistakenly believed to be in dollar-pegged stablecoins, which the lender wouldn’t have been able to use to finance its operations. Source The post Crypto Lender Celsius Network Says $70M Cash Relief Will Bolster Efforts to Survive the Year appeared first on CryptoX. CryptoX Portal

Bitcoin Cash Loses 10% In Last 24 Hours, Despite 40% Hike In Trading Volume

Bitcoin Cash had shed 24% of its value in the previous 12 days. Leading coins like Bitcoin (BTC) and Ethereum (ETH) have also experienced double-digit losses over the past 26 days as a result of the broader market slump.         BCH support present at $113.2         Bitcoin Cash key resistance spotted at $117.44         BCH price currently trades at $115.65 Bitcoin Cash has already shed 10% of its value in the last 24 hours. This, despite enjoying 40% increase In trading…

Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash – Finance Bitcoin News

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The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto market in the country as currency restrictions have been a driver of increased demand for digital coins. Monetary Authority of Russia Expands Citizens’ Access to Foreign Cash The Central Bank of the Russian Federation (CBR) has lifted one of the restrictions on the sale of U.S. dollars and euros in cash to private individuals imposed amid Western sanctions over the…

Crypto Mixer Tornado Cash Saga Fuels Protest After Developer’s Arrest

The local decentralized finance (DeFi) community gathered to draw attention to Pertsev’s case and ensure a fair trial. Schickler captured interviews from some of the attendees of the protest, many expressing concerns about the implications of Pertsev’s arrest to the right of privacy and the future of open source development. Listen to hear the voices of Buzko Krasnov, Eléonore Blanc, Naomi Schettini, James Murdza, Rinke and two individuals who wished to remain anonymous. Source

Ruling to keep Tornado Cash developer in jail for 90 days sparks backlash

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A judge in the Netherlands ruled that Tornado Cash developer Alexey Pertsev has to stay in jail for 90 more days while waiting for charges. Puzzled by the decision, the crypto community rallied to demand the release of the developer.  In a Tweet, crypto investo Ryan Adams argued that the developer did something good for the public as he wrote the code for Tornado Cash. The community member then highlighted that “a few bad guys” decided to use Pertsev’s code and now the developer has to suffer the consequences. Apart…

Bitcoin Remains At $21K But Bitcoin Cash Surges By 7%

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The largest digital currency in the world, Bitcoin, is still fluctuating below the $22K price mark. Meanwhile, its daughter token, BCH, has recently gained some green bars, surging by 7%. BCH is the hard fork of Bitcoin. Its development is structurally and technically in line with those of Bitcoin. However, there’s just one notable difference between these two digital tokens, which is Block Size. Segregated option was not the best answer to the scalability problem of BTC. They observed a loophole in implementing SegWit to tackle the issue with Bitcoin.…