.

2022-09-24 06:40:01 Ethereum Coin Mixer Tornado Cash Is Back on GitHub

Ethereum coin mixer Tornado Cash is now back on software hosting website GitHub. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) last month blacklisted Tornado Cash, which allows users to anonymously send and receive Ethereum. American citizens are now banned from interacting with the app, which pools together transactions to obscure their origins.

GitHub, a website which allows developers to share code, removed the tool’s code from its platform within hours of the OFAC announcement. But Ethereum developers today discovered that the tool’s original code was back on the popular site. Ethereum core developer Preston Van Loon, who was among several vocal members of the crypto community to call on Github to unban Tornado Cash's code repositories.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-23 12:19:02 Crypto Exchange CoinFlex Proposes Restructuring Plan

Beleaguered cryptocurrency exchange CoinFLEX has released a restructuring plan more than a month after filing for the same at a Seychelles court. It was one of the several firms to have gone into restructuring following the crypto crash earlier this year. xchange will present the term sheet and supporting documents to the Seychelles Courts to approve the reorganization.

Per the latest blog post, creditors of CoinFLEX will own 65% of the company, while all the existing ordinary and Series A shareholders will lose their equity stakes. The CoinFLEX team will be allocated 15% in the form of an employee share option plan which will vest over time, the statement read. The motive is to help the team get “back on track” and grow the business. On the other hand, the Series B investors will continue to be shareholders in the reorganized business and will be incentivized with future equity.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-22 05:59:02 Miners Sold Nearly 15,000 Ethereum Leading Up to the Merge

Ethereum miners have sold over 14,785 ETH, totaling $19.73 million as of today’s price, from September 9 up to the day of the merge, according to data from OKLink. On September 12, the miners reduced their holdings by 2,767 ETH, followed by another 4,121 ETH the next day.

Miners at that time offloaded nearly 8,032 Ethereum, contributing to the asset’s drop from $1,636 to $1,471 in less than 24 hours. High exchange inflows are typically viewed as a bearish event as traders move funds from cold wallets to be sold on the open market. Conversely, high exchange outflows indicate that users move funds off these platforms to their cold wallets for long-term holding. Since the merge on September 15, Ethereum (ETH) has lost over 16% of its value.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-21 09:43:02 Experts argue SEC cannot claim jurisdiction over Ethereum transactions

Several experts have disagreed with the U.S. SEC’s claim that it has jurisdiction over Ethereum transactions because there are more ETH nodes in the country than any other. In its charges against crypto promoter Ian Balina, the SEC said several U.S.-based investors participated in an investment pool that Ethereum network nodes validated.

The regulator argued that since these nodes “are clustered more densely in the United States than in any other country,” the transactions happened in the country. The SEC’s jurisdiction claim sets a dangerous precedence for the crypto industry as assets whose nodes are densely clustered in the U.S. could face this overreach in the future. With concerns about censorship currently in the air, U.S. regulators having jurisdiction over Ethereum itself could make it even easier to directly censor the network instead of just pressuring the validators.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-20 14:15:52 Breaking: Indian Crypto Exchange CoinDCX Twitter Account Compromised
https://bit.ly/3QWAqcE Open / Comment

2022-09-20 12:36:02 Cardano founder Charles Hoskinson calls Ethereum ‘Hotel California of Crypto’

Cardano (ADA) founder Charles Hoskinson has called Ethereum (ETH) the “Hotel California of Crypto” in response to a tweet that claimed that ETH staking withdrawals might be delayed beyond the Shanghai upgrade. The Hotel California song is about a prison where no one escapes from.

A screenshot from the Ethereum developers Discord group showed Micah Zoltu, founder of Serv.eth Support saying that all documentation and publications have clarified that there’s no expected time for withdrawals of staked ETH. The comment appears to be a reaction to Kraken’s email, which told its customers they would be unable to access their staked ETH until after the Shanghai upgrade. The Shanghai upgrade is expected to happen between six to 12 months after the Merge.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-19 06:55:02 Yuga Labs Hires Chief Gaming Officer to Further Web3 Gaming Push

Yuga Labs has hired Spencer Tucker as its first Chief Gaming Officer, the company behind the Bored Ape Yacht Club NFT collection announced Friday. At Yuga, Tucker will supervise the development of the firm’s Web3 gaming projects, starting with Yuga’s “Otherside” metaverse. Earlier this year, Otherside made waves on Ethereum when it saw a massive surge of transaction.

Tucker comes from mobile gaming companies Scopely and GREE, where he worked as President of Games and Senior Vice President of Product, respectively. On Linkedin, Tucker said he was “super stoked” to be joining Yuga, which also owns the CryptoPunks and Meebits NFTs. Yuga still has a small team considering its $450 million seed round, bringing the company to a staggering $4 billion valuation.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-18 14:06:33 Bitcoin Breaking pinned a photo Open / Comment

2022-09-18 14:06:30 Contact Me
@LucaMathis Open / Comment

2022-09-18 06:37:02 Bitcoin (BTC) Gets Third-Ever Bullish Signal From These Two Moving Averages

For the third time in history, two important moving averages made a bearish intersection on the Bitcoin (BTC) chart. Paradoxically, this could be a very bullish signal! Historically, it has led to large increases and initiated an accumulation phase before the next bull market. Long-term moving averages like to stay away from each other.

In today’s analysis, we will look at their historical intersections, which gave interesting long-term signals for the BTC price. This is because it turns out that a bearish cross was a signal of reaching a bottom in historical bear markets. A bullish cross, on the other hand, gave reason to start another bull market. In confluence with these two moving averages is the so-called Coral Trend Indicator. This indicator also signals that the bottom of the current bear market.

Source

Join Now
@BitcoinBreaking Open / Comment