The United States equities markets and the cryptocurrency markets had been rising leading up to the Sept. 13 release of the August consumer price index data, but the rally fell apart once the data showed inflation rising, rather than falling. The negative data dashed any hope of a Federal Reserve pivot in the near term and it triggered a sharp…
Ethereum’s long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoS) is upon us as the Merge looms in less than 10 hours. There’s plenty to consider for the wider cryptocurrency space — and here’s what you need to know. What is the Merge? The Ethereum blockchain will transition away from its energy-intensive consensus mechanism PoW as its execution layer merges with…
Given the current state of the wider crypto market, some traders might be surprised to learn that Ether (ETH) has been trading in an ascending trend for the past 17 days. While the entire cryptocurrency market experienced a 10% decline on Sept. 13, Ether price held firm near the $1,570 support level. Ether/USD price index. Source: TradingView In less than…
According to a new product catalog posted on Wednesday, electronic vehicle manufacturer Tesla is rolling out a new Cyberwhistle inspired by its futuristic Cybertruck series. The firm wrote: “Inspired by Cybertruck, the limited-edition Cyberwhistle is a premium collectible made from medical-grade stainless steel with a polished finish. The whistle includes an integrated attachment feature for added versatility.” All sales are…
As Ethereum’s long-awaited upgrade nears, miners appear to be switching their rigs over to Ethereum Classic. Ethereum is set to end mining on its network tonight following the merge, which transitions the network to proof of stake. Meanwhile, the “original” Ethereum chain—Ethereum Classic, which forked back in 2016—has hit an all-time high hash rate of 65.49 terahashes per second (TH/s),…
In brief The U.S. Treasury today announced sanctions against 10 individuals and two entities for alleged ransomware attacks. The suspects, who are allegedly connected to Iran’s Islamic Revolutionary Guard Corps, had their Bitcoin addresses blacklisted as well. The United States Treasury’s Office of Foreign Assets Control (OFAC) today issued sanctions against 10 people and two companies associated with a ransomware…
The Treasury’s Office of Foreign Asset Control (OFAC) has published a specially designated nationals list update (OFAC’s SDN List) that lists a number of individuals accused of being involved with Iran-related ransomware. The list further shows seven bitcoin addresses that are allegedly associated with the Iranian ransomware gang. Iran Adds 7 New Bitcoin Addresses to the SDN List Following the…
The United States Treasury Department’s Office of Foreign Asset Control has added 10 individuals, 2 entities, and several crypto addresses allegedly tied to an Iranian ransomware group to its list of Specially Designated Nationals, effectively making it illegal for U.S. persons and companies to engage with them. In a Wednesday announcement, the U.S. Treasury said the individuals and companies in…
With many younger investors getting into blockchain and cryptocurrencies through various advertisements on the internet, the importance of education in the space becomes more obvious, according to a panel discussion at the CV Summit 2022. Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel discussion titled “Tokenized Finances, Security Tokens, and the Re-Definition of Value.” Panelists included Massimo Butti, the head of…
River has purchased 3,000 miners expanding its hosting services. The company has thousands more miners scheduled for deployment this year. The majority of the purchased miners will be powered by a wind farm in West Texas. River, a bitcoin-focused fintech company, has purchased 3,000 application-specific integrated circuit (ASIC) miners which will mostly be wind-powered in West Texas, per a press…
