Ukraine Blocks Crypto Wallet
Ukraine has blocked funds coming in from crypto wallets to the Russian people. The wallet was blocked at a sum of $22,000.
Terra’s Coins Spike
The Terra’s coins spike – Terra’s coin has recently experienced a spike in value. However, the cause for the significant gains still remains unknown.
Ethereum Merge Brings Suspicions
The famous Ethereum Merge from PoW to PoS brings with it suspicions. It has raised many concerns in the crypto world, along with the future of this chain and its censorship. The addresses of the smart contracts of Tornado Cash, a privacy-focused mixing protocol, were sanctioned and blacklisted. The U.S. Treasury’s Office of Foreign Assets Control was in charge of that, and now Ethereum’s privacy and censorship resistance are out in the blue. Which is[…]
Revolut Crypto Services
Revolut Crypto Services – The Cyprus Securities and Exchange Commission has authorised revolut, a pioneer in the neobank sector, to work with crypto services and digital assets.
Ethereum’s Final Testnet
As the final date of the Ethereum’s merge event gets closer, the preparations are at their peak with the final testnet. The network went through its third and final test net Wednesday evening, which switched the system to proof of stake. As a result, Ethereum went up 14% in 24 hours in anticipation of the Goerli merge. This summer, the Sepolia testnet successfully switched to PoS at the beginning of July, while the Ropsten[…]
Robinhood Lay Off Staff:
Robinhood, the trading platform known for allowing inexperienced stock investors to participate in the market, lay off nearly a quarter of its staff. This is due to economic conditions and the collapse of the cryptocurrency market. The news of Robinhood laying off of 23% of its workforce came as the company reported a 44% drop in revenues due to poor trading activity. The CEO Vladimir Tenev said in a blog post, “Last year, we[…]
Crypto ATMs Around the World
The number of digital currency ATMs around the world has surpassed the 39K mark. According to coinatmradar.com, 77 countries worldwide have 614 crypto ATM operators who have gone forward and installed 39,011 crypt ATMs. Since January 1, 2017, the number of cryptocurrency ATMs has increased by 3,925%. In January, there were only about 969 crypto ATMs worldwide. Statistics have shown that North America has the highest percentage of crypto ATMs, standing at 95.1%, with[…]
Solana Wallet Hack
The Solana wallet hack left the firm with $5.2 million worth of losses which effected around 7,900 Solana wallets.
Solana’s Price Prediction
Solana’s price prediction according to Finder on Tuesday. “Our larger quarterly survey, last conducted in July 2022, asks a panel of 54 industry experts for their thoughts on how Solana will perform over the next decade.” Finder says, “Our panel thinks Solana will be worth $45 by the end of 2022 before rising to $166 by 2025.” The panel specified the price prediction and said SOL will increase to $512 by 2030. The panel[…]
Mark Cuban and the SEC
The billionaire Mark Cuban tweeted that the SEC will regulate crypto tokens. Cuban’s tweet responded to U.S. Senator Pat Toomey, slams the SEC for its enforcement action against a former Coinbase employee. In which nine crypto tokens were identified as securities. In response, Coinbase quickly denied listing crypto securities. Toomey said the enforcement action “is the perfect example of the SEC having a clear opinion on how and why certain tokens classify as securities.[…]