Fri, November 29

Coin Center Sues OFAC Over Tornado Cash Sanction

Coin Center sees the action filed today as crucial to the protection of users’ privacy. Coinbase filed a federal lawsuit against the US Treasury last month. Crypto policy-focused non-profit ‘Coin Center’ on Wednesday sued the US Treasury Department’s Office of Foreign Asset Control (OFAC), alleging that OFAC exceeded its power

October 13, 2022 2 mins read

BNY Mellon Launches Crypto Custody Services to Clients

The bank announced its ambitions to provide cryptocurrency services in February 2021. The bank will also make use of Chainalysis’s services to track the route of crypto assets. Currently, BNY Mellon is willing to provide its customers cryptocurrency custody services. Companies and organizations seek to acquire digital assets as the

October 11, 2022 2 mins read

European Parliament Clears Crypto Assets Regulation Bill

The European Parliament voted in favor of the law by a margin of 28 to 1. It also requires stablecoin businesses to have sufficient capital. Europe has taken a significant step toward regulating the cryptocurrency market. European Union legislators approved the Markets in Crypto Assets Regulation (MiCA) today. A historic

October 11, 2022 2 mins read

Bitcoin Mining Difficulty Reaches a Record All-time High

Production levels have dropped as people sell their Bitcoin holdings to increase liquidity. Because of the asset’s stagnant price, miner profits are already precarious. The hashrate of Bitcoin mining hit a new record high last week, surpassing 300 EH/s. It was also announced at the time that mining difficulty was

October 10, 2022 2 mins read

MicroStrategy’s Michael Saylor Claims Bitcoin Superior to CBDC

Michael Saylor thinks Bitcoin is also superior than gold and real estate. MicroStrategy and its subsidiaries now have almost 130,000 BTC in their possession. Michael Saylor, the founder of MicroStrategy and Bitcoin maximalist, stated that CBDCs are unstable and doomed to fail. Bitcoin is superior, he says, because of its

October 10, 2022 2 mins read

Take Part in the Battle for the Aegis at 1xBit

One of the biggest online multiplayer battle tournaments has begun, and all players from 1xBit can take part in the action. Select your heroes carefully because they can bring victory or defeat. Master tacticians or brutal villains, which way will you go? It’s time for combat and finding the key

October 10, 2022 3 mins read

Russian Paramilitary Groups Turn to Crypto Avoiding Sanctions

$400,000 have been raised since the beginning of the invasion in February. The entity bought things like survival gear and ordinary military gear. According to an analysis by blockchain intelligence company TRM Labs, pro-Russian organizations are using crowdfunding campaigns. In order to raise a substantial quantity of Bitcoin and other

October 9, 2022 2 mins read

Web3 Protocol Golden Raises $40M Led by A16z Venture Capital

According to Golden’s CEO and creator, existing data mining techniques are flawed. Golden presents a mechanism to penalize the entry of fraudulent data. With this Series B funding round, decentralized data hub firm Golden has announced a $40 million cash infusion. Many prominent venture capital firms, including Opensea Ventures and

October 9, 2022 2 mins read

El Salvador President Takes Dig at Critics in Recent Editorial

President Nayib Bukele of El Salvador believes that if the bitcoin experiment his nation is doing is successful. Many other countries across the globe will follow in Latin America’s footsteps. This is what Bukele wrote in an opinion piece titled “Stop Drinking the Elite’s Kool-Aid.” Which was released on September

October 9, 2022 1 min read

Bitcoin Outperforms Both Nasdaq and S&P 500 in September

Bitcoin’s risk-adjusted gains were third best, after only Solana. Ethereum is called out as the worst performer among the four tracked cryptocurrencies. Even though bitcoin had a negative return of 3.11% in September compared to the previous month, it still managed to beat both the S&P 500 and Nasdaq which

October 9, 2022 1 min read