The United States Treasury Department has added several cryptocurrency addresses allegedly connected to controversial mixer Tornado Cash to the Specially Designated Nationals list of the Office of Foreign Asset Control, or OFAC. In a Monday announcement, the OFAC effectively barred U.S. residents from using more than 40 USD Coin (USDC) and Ether (ETH) addresses connected to Tornado Cash by placing…
Traders will soon be able to speculate on the future price of a forked Ethereum coin, even though it may never exist. In advance of Ethereum’s merge event—a move which will see the whole network shift to proof of stake—crypto exchange BitMEX is launching a Tether-margined (USDT ERC-20) futures contract for ETHPOW, the cryptocurrency that could result from an attempt…
Bitcoin (BTC) looked to target new August highs at the Aug. 8 Wall Street open as upcoming United States inflation data fueled sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $25,000 next major BTC resistance Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit $24,246 on Bitstamp, its best since July 30. The pair was within striking…
The metaverse sector is witnessing its very-own housing crisis moment thanks to massive declines in the prices of its virtual lands in 2022, led by waning users’ interest and a crypto bear market. Land sales plunge 85% in 2022 In particular, metaverse projects built on the Ethereum blockchain, including the Sandbox and Decentraland, have witnessed substantial declines in their valuations…
When the United States Office of Government Ethics (OGE) released its Legal Advisory 22-04 on July 5, most attention was given to its conclusion that federal employees who own any amount of cryptocurrency or stablecoins whatsoever may not participate in regulation and policymaking that concerns crypto. The legal advisory (LA) raised some eyebrows, as de minimis exemptions, threshold amounts below…
The World Gold Council’s (WGC) head of global sales and regional CEO, Joe Cavatoni, explained on Friday that he believes the gold industry will integrate with blockchain technology in order to “help the industry standardize reporting.” Cavatoni spoke about the London Bullion Market Association’s (LBMA) and WGC’s Gold Bar Integrity Programme (GBI) which aims to methodize “an international system of…
Singaporean crypto lender Hodlnaut is the latest digital asset company to announce that it is freezing withdrawals “due to recent market conditions.” In an announcement on Holdnaut’s website, the firm says it took the measure “to focus on stabilizing our liquidity and preserving assets” while consulting with local law firm Damodara Ong LLC on the “feasibility and timelines” of its…
Nonfungible tokens (NFTs) continue to capture the imagination of the cryptocurrency space, with some of the most popular projects attracting hundreds of millions of dollars from investors. Projects like Cryptopunks and the Bored Ape Yacht Club epitomize the exclusivity of the most lucrative collections, with each NFT far from accessible to the average investor. A new campaign intends to give a…
Ethereum surged to a two-month high on Monday, as crypto prices have mostly moved higher following Friday’s nonfarm payrolls report. Bitcoin rose to a one-week high, as the token climbed above $24,000 to start the week. Overall, the global market cap is trading 4.11% higher as of writing. Bitcoin Bitcoin (BTC) was up for a second successive session to start…
The proliferation of the internet brought the world to the fingertips of users, and with it came a rush to register domains on the nascent network. Businesses like Amazon were born on the internet, while many others took their real-life business online by registering a website. Domain names remain an integral part of the internet, acting as the flagpole of…
