Breaking a month-long silence since banning Ethereum coin-mixing tool Tornado Cash, the U.S. Treasury Department on Tuesday announced a path for Tornado Cash users to recover funds, and also addressed other pressing questions about the implications of its sanctions. The Treasury Department’s move to ban Tornado Cash in August sent the crypto community into a frenzy over privacy and government oversight,…
Sept. 12 will leave a mark that will probably stick for quite a while. Traders at Bitfinex exchange vastly reduced their leveraged bearish Bitcoin (BTC) bets and the absence of demand for shorts could have been caused by the expectation of cool inflation data. Bears may have lacked confidence, but August’s U.S. consumer price index (CPI) came in higher than…
On Tuesday, nonfungible tokens (NFTs) collection Doodles announced that it had raised $54 million at a $704 million valuation in a funding round led by Seven Seven Six, with participation from 10T Holdings, Acrew Capital and FTX Ventures. As told by Doodles, the investment will allow it to scale its growth strategy and monetize its intellectual property globally through ventures…
press release PRESS RELEASE. In recent years, the cryptocurrency market has been exceedingly prosperous, with a series of cryptocurrency projects emerging, bringing rich investment opportunities and market risks to participants in the blockchain industry. KDA is also one of the emerging cryptocurrency projects. However, unlike others, KDA is referred to as the next cryptocurrency project that can be benchmarked with…
ZEBEDEE partners with Slice to pay users in bitcoin for surfing the web.Slice is an advertisement startup company that built an extension which awards points for watching ads. The points can be redeemed for bitcoin through ZEBEDEE’s app. Bitcoin-gaming company ZEBEDEE has partnered with Slice, an advertisement technology startup, to pay users in bitcoin when they search the web, per…
The Uruguayan government has introduced legislation to the parliament, accelerating the regulation of the crypto space in the country and establishing the central bank as the regulatory authority. Introduced on Sept 5, the bill strive to clarify the country’s regulatory framework for cryptocurrency assets, stating that all companies that provide digital asset-related services, including initial coin offerings (ICOs) are under the…
A number of financial giants including Fidelity Investments, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial are also backing the new crypto trading platform. The story was first reported during the first week of…
Crypto and stock markets are feeling the pain after the Sept. 13 inflation report printed an unexpectedly hot figure that showed headline inflation rising by 0.1% month over month. Even with gas prices falling to multi-month lows and a cooling housing market, core inflation saw a 0.6% month over month bump and year to year inflation sits at 8.3%. This…
The United States Department of the Treasury said “interacting” with cryptocurrency mixer Tornado Cash’s open-source code, with certain provisions, would not be in violation of sanctions imposed by the Office of Foreign Assets Control, or OFAC. In guidance posted to its frequently asked questions pages on Tuesday, the Treasury Department clarified some concerns previously voiced by many U.S.-based crypto users…
Canada’s newly elected Conservative Party leader, Pierre Poilievre, is a Bitcoin enthusiast—and Prime Minister Justin Trudeau is not a fan. Speaking in St. Andrews, New Brunswick, on Monday, Trudeau criticized his new political rival for his “irresponsibility” in promoting cryptocurrencies to his followers. “Telling people they can opt out of inflation by investing their savings in volatile cryptocurrencies is not…
