Tornado Cash sanctions effective, reveal Ethereum weakness: NY Fed
Cooperation with the US Treasury sanctions on Tornado Cash was strongest at the user level and weaker further along the settlement chain.
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Over 6,000 XRP holders volunteer as third party defendants in SEC lawsuit
XRP holders claim their interests aren't being represented in an ongoing SEC lawsuit against Ripple Labs. Now they want to enter the fray as third-party defendants. 510 Total views 5 Total shares XRP coin holders have attempted to insert themselves as third-party defendants in the United States Securities and Exchange Commission’s lawsuit against Ripple Labs.A…
Roger Ver Trashes Bitcoin.com Coronavirus Layoff Claims as ‘More Bcash FUD’
Bitcoin.com CEO Roger Ver has brushed aside assertions that his website laid off 50% of its workforce, labeling the claims “more Bcash FUD.”Several cryptocurrency news outlets reported the layoff news after a post appeared on Candor, a site that purports to list jobs lost in response to the coronavirus. Problems with Candor’s methodsHowever, Candor’s list is…
Micro $3 Bitcoin miners won’t make bank, but that’s not the point: Inventors
While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue.Micro Bitcoin mining devices — often open-source and pocket-sized — have been serving a niche part of the market, offering buyers a fully assembled device or a do-it-yourself-kit to mine Bitcoin (BTC)
IMF optimism in Central African Republic, despite Bitcoin adoption
The International Monetary Fund projects 2.2% GDP growth and manageable debt, but warns of liquidity risks. 532 Total views 10 Total shares The Central African Republic (CAR) has received optimism from the International Monetary Fund (IMF) one year since it adopted Bitcoin (BTC). The IMF’s positive outlook reflects the country’s economic prospects and the impact of…
Quelle surprise: Central African banks scold the CAR for Bitcoin adoption
The Central African Republic adopting crypto puts monetary stability in “peril” according to a letter from the Governor of the Bank of Central African States. 614 Total views 12 Total shares The governor of the Bank of Central African States (Banque des États de l'Afrique Centrale, BEAC) has issued a scathing letter to the Central…
Binance exec trial will resume July 5 as family reports health problems
Though Nigeria's tax authority dropped charges against two Binance executives in June, the pair will still face a trial for allegations of money laundering.
Crypto Investment Services Firm BitGo to Add Support for TRON
Institutional-grade cryptocurrency investment services firm BitGo will provide wallet and custody support for cryptocurrency Tron (TRX), according to a press release shared with Cointelegraph on Feb. 20.Per the release, BitGo will add support for TRX later this year, making it available for institutional investors. TRX thus joins over 100 other digital currencies already supported by…
Bitpoint Hack Shows That Regulators’ Scrutiny Does Not Equal Safety
On July 12, 2019, Tokyo-headquartered cryptocurrency exchange Bitpoint promptly suspended its services after noticing an error in the outgoing funds transfer system. Soon, an official announcement followed, revealing that the trading platform had lost around 3.5 billion yen (roughly $32 million) as a result of a security breach. The exchange’s administration has managed to find…