The Fight Against Tornado Cash Is Only in the beginning. This past week, the United States government delivered a devastating blow to the entirety of the cryptocurrency industry. Tornado Cash, a cryptocurrency mixer, was sanctioned by the Treasury Department, along with several crypto wallet addresses affiliated with the service. Because of this, the protocol and … Read more
The price of Ethereum has surpassed $2,000 as the network nears the merge event. According to data provided by CoinMarketCap, the cryptocurrency known as Ethereum (ETH) kept its upward momentum and, late on Friday night, recaptured the level of $2,000 for the first time since May. At the time of this writing, the value of … Read more
The trade volume of CryptoPunks, which is one of the most famous nonfungible token (NFT) collections in the industry, increased by 2,253 percent over the course of a single day on Monday. During that time period, a total of over 1,226.68 ether (ETH) worth of Punk NFTs was traded. The demand increase is related to … Read more
Both Ethereum and Cardano are suitable candidates in terms of their environmental awareness. The European Union (EU) has developed laws for cryptocurrencies, and one of the most important areas of concentration is on the environmental metrics of cryptocurrencies. Among the various cryptocurrencies, Cardano and Ethereum are examples of those that comply entirely with these standards. … Read more
The South Korean government has taken steps to push back the implementation of any new cryptocurrency taxes until 2025. The country has pointed to the current state of the market as one of the reasons for making this decision. This is a significant development, given that South Korea is one of the most important markets … Read more
As of July 24, Bitcoin (BTC) was holding steady at $22,000, and bulls were still hoping for a strong weekly close in the green. Price Concentration Levels at Weekend According to data from TradingView, BTC/USD stopped falling over the weekend at $21,900 and started to move back toward $23,000. The pair maintained a trading range … Read more
On July 21, price movement in the cryptocurrency market was mostly muted as traders took a day to digest recent gains and book profits after the strongest relief bounce since early June. The Ethereum Merge has remained at the top of the list despite rumors regarding what sparked the recent spike. After a preliminary date … Read more
Jordan Belfort, a former Wall Street trader, turned novelist, is the author of The Wolf of Wall Street, which Martin Scorsese converted into a movie in 2013. Former stockbroker Jordan Belfort, whose life inspired the blockbuster film The Wolf of Wall Street, has cautioned against investing in bitcoin with a “12-month or 24-month horizon”. While … Read more
According to reports, JVCEA, a self-regulating entity, has been issued strong warnings to get its act together as the Japanese Financial Services Agency pushes for the group to accelerate the deployment of its AML regulations. Local government officials and business professionals claim that Japan’s self-regulation “experiment” for the cryptocurrency sector is not succeeding as anticipated. … Read more
Lido Finance plans to offer its ETH staking services over the L2 network as long as some networks have “demonstrated economic activity.” A cryptocurrency staking service provider, Lido Finance, has revealed ambitions to expand the Ethereum Layer 2 network’s support for staked Ether (stETH). In a blog post published on July 18, the Lido team … Read more