On Tuesday, a court in the Netherlands extended the prison sentence of Alexey Pertsev, the programmer behind the cryptocurrency mixer Tornado Cash. Reportedly, the court rejected claims that Perstev lacked the authority to manage Tornado Cash. Moreover, prosecutors said that the developer is essential to the crypto mixer’s operation. The
Selling pressure was high on Sunday night for the second biggest cryptocurrency in the world, ETH. The attacker who stole $600 million from the FTX exchange was reportedly trading in his Ether for Bitcoin on Sunday, November 20. The hacker exchanged all the stablecoins for Ethereum last week, amassing $288
Vitalik Buterin, co-founder of Ethereum, recently sent a letter proposing a proposal to implement the ZK-SNark feature in order to increase the scalability of the Ethereum network. Balaji Srinivasan, a former chief technology officer of Coinbase, Kraken, and Binance, was also brought up in the letter. Vitalik claimed in his
To move USDT from the Solana blockchain to the Ethereum blockchain, stablecoin issuer Tether has launched a $1 billion chain swap. The news comes as Solana, which was among the top 5 largest cryptocurrencies by market size only weeks ago, struggles in the wake of the bankruptcy of crypto exchange
A few weeks ago, it seemed as if the majority of the NFT market was rapidly moving away from accepting creator royalties in any form. OpenSea, the largest online marketplace, contemplated making them voluntary. However, resistance from creators ultimately led to OpenSea keeping royalties. And now another Ethereum marketplace is
Twitter CEO Elon Musk has stated that Bitcoin will recover, but it will take time because of the prolonged winter. The Tesla owner is very interested in cryptocurrency and has a lot of influence over the DOGE. In addition, despite the winter around the crypto industry and the collapse of
Reports surfaced over the weekend that Vitalik Buterin, co-founder of Ethereum (ETH), liquidated a large quantity of ETH tokens. Vitalik’s transactions, according to a wallet tracker, occurred around the time of the major FTX crypto exchange breach. According to MistTrack, Vitalik traded roughly 3,000 ETH for around $4 million USDC.
The attacker began transferring the stolen assets less than a week after attacking one of the top cryptocurrency derivatives exchange, Deribit. Hacker sent 1,610 Ether (ETH) worth over $2.5 million to the U.S. sanctioned crypto mixer Tornado Cash on November 5, leaving roughly 7,501 ETH remaining. Reports of a $28
51% of Ethereum blocks were confirmed to be compliant with OFAC rules in October. The agency has already sanctioned Tornado Cash and a number of ETH addresses. Members have been monitoring Ethereum’s progress toward meeting requirements put out by the Office of Foreign Assets Control (OFAC). Over 73% of all
Bitcoin price increased by around 7% in the last 7 days. Ethereum climbed by over 21% with a market cap of 193 $billion. The king of cryptocurrency Bitcoin (BTC), surged beyond $20,000 and fueled the bullish in the crypto market. Following that, the global cryptocurrency market is in a gradual
