.

2022-09-17 06:57:02 Ergo (ERG) and Ravencoin (RVN) Hashrates Soar as Ethereum Miners Jump Ship

Miners are switching to networks like Ravencoin (RVN) and Ergo (ERG) sending the hashrates skyrocketing in the past few days. With the Merge on Ethereum now complete, miners are flocking to other networks to continue their operations. The Ravencoin (RVN) and Ergo (ERG) networks in particular are seeing large boosts in hashrate.

The hashrate on the Ravencoin network has more than doubled, currently at over 17 TH/s after having been less than 10 TH/s only two days ago. With respect to Ergo, the hashrate is now over 200 TH/s, having been 35.32 TH/s on Wednesday. The price of these tokens has also been quite volatile. While RVN is down 14.92% over the past 24 hours, it did experience a bump in price as miners were initially switching to it for their operations. Similarly, ERG is down by 4.67% over the last day, with its price also being volatile.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-10 07:20:03 Tornado Cash used to launder $500,000 stolen from DAO Maker last year: security firms

DAO Maker (not to be confused with stablecoin project Maker DAO) is a crowd fundraising platform that suffered a hack in August 2021. Because of a bug in DAO Maker’s smart contract, a hacker was able to steal more than $7 million in stablecoins. These funds were then scattered across different addresses controlled by the hacker.

Tornado Cash has been in the spotlight in recent weeks, since it was sanctioned by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC). Following the sanctions, all US-based individuals and entities are prohibited from interacting with the app, given its potential for money laundering. Still, even after the sanctions were announced, Tornado Cash has continued to experience usage by hackers of decentralized finance protocols.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-09 05:25:06 Nexo Pro launches to offer industrial-level service to individual users

Digital asset exchange platform Nexo has launched its new platform, Nexo Pro, which is designed to bring industrial-level trading functions to the use of individual users. After analyzing the market and the needs of investors, the Nexo team said they realized the demand.

The Nexo Pro has been launched for all existing Nexo users for an additional 50% discount on transaction fees. All current Nexo users can start using Nexo Pro without having to transfer their assets. Aiming at offering an industrial-level trading service to individual users, Nexo Pro offers institutional-grade aggregated liquidity and near-zero slippage of trade executions when buying and selling.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-07 05:34:02 IMF Pitches for Comprehensive Global Regulatory Policy for Cryptocurrencies

Strict regulation and a level-playing field for all crypto actors and activities are possible under certain conditions, IMF said. Taking note of how cryptocurrencies have emerged as a mainstream choice for a variety of purposes, IMF has called for a coordinated, consistent, and comprehensive global response to the evolving regulatory requirements.

Cryptocurrencies have come to be cross-border and cross-sector entities used for speculative investments, hedge against weak currencies, and as a potential medium of payment, an article by two IMF executives in the September edition of IMF’s Finance and Development magazine said. The organization had expressed similar opinions in December 2021. Apart from legal and regulatory frameworks for crypto assets and crypto actors, governments also need to look at the underlying technology.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-06 09:14:02 Australian state police sets up crypto division to trace transactions

Law enforcement in Australia is working to boost cryptocurrency expertise and trace crypto transactions by setting up a dedicated police group. The Australian Federal Police (AFP) has established a new cryptocurrency unit to focus on monitoring crypto-related transactions, The Australian Financial Review reported on Monday.

Stefan Jerga, the national manager of the AFP’s criminal asset confiscation command, said that the use of crypto in criminal activity had significantly increased since the AFP made its first crypto seizure in early 2018. In response to this, AFP decided to set up a dedicated crypto team in August, Jerga noted. The AFP officially reported on Monday that it reached its goal to seize $600 million from financial crimes two years ahead of schedule.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-05 09:09:02 Binance CEO Hits Back At Accusers Crypto Exchange Is A Chinese Company

Binance CEO Changpeng Zhao can only clap back at his accusers that his company is a Chinese “criminal entity.” With approximately 28.6 million members on its platform, the firm is one of the world’s largest crypto exchanges. Since its launch in 2017, it has been a key player in the cryptocurrency industry. In 2020, Binance reported a revenue of $1 billion.

Additionally, the company has its own tokens, notably BNB and Binance USD. BNB was initially created on the Ethereum blockchain in 2017 and migrated to its own custom-built chain in 2019. Binance USD, as its name implies, is a pegged currency. This means that its value is tied to the U.S. dollar. Binance may dominate the cryptocurrency exchange business, but it is not without criticism. Money laundering from the United States to Japan allegedly appears to be an issue surrounding the trade.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-04 11:45:05 Bitcoin market dominance plumbs 4-year lows as BTC price ditches $20K

Bitcoin (BTC) traded below $20,000 on Sep. 3 as commodities declined on news of a G7 Russian energy ban. Data from Cointelegraph Markets Pro and TradingView showed ongoing lackluster performance on BTC/USD, which traded around $19,800. Eyeing the 8-day exponential moving average (EMA), popular trader Cheds noted its strength as intraday resistance continuing into September.

The largest cryptocurrency looked increasingly unable to flip $20,000 to firm support as the weekend began, and the mood among market participants was jaded. United States equities closed out a troublesome week, the S&P 500 down 2.7% and Nasdaq Composite Index 3.25%, respectively. Oil prices fell in Europe on the announcement of a Russian price cap potentially taking shape at the end of the year, despite implications tied to price increases should Russia itself retaliate.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-03 04:33:02 Circle Onboards Bybit as a Partner to Promote USDC Access and Adoption

Crypto derivatives exchange, Bybit announced a partnership with Circle, the company behind the second-largest stablecoin by market cap, USDC. As per the press release shared with CryptoPotato, the agreement states that expansion of USDC spot pair listings and advancing awareness for USDC.

The Singapore-headquartered platform said that it will work on developing and promoting products that support the growth of USDC, such as spot trading, perpetual contracts, and options. It will enable instant auto-conversions between USD and USDC or other stablecoins issued by the digital financial technology firm. Additionally, the partnership with Circle is also aimed at promoting greater crypto adoption and utility.

Source

Join Now
@BitcoinBreaking Open / Comment

2022-09-02 21:20:10 Coinbase Enhances Security With Malicious DApps Warning Feature
https://bit.ly/3KJmvFe Open / Comment

2022-09-02 04:01:02 $1 billion pumped into Terra Classic’s market cap in a week as LUNC surges by 180%

Terra Classic (LUNC), the original chain of the now collapsed Terra (LUNA) token, is recording increased buying pressure driving its value up. Notably, the interest in the token appears to defy the ongoing sustained crypto market volatility, with LUNC surging as much as 80% in the last 24 hours, trading at $0.0002939 at the time of publication, according to data retrieved by Finbold from CoinMarketCap on September 1.

Furthermore, over the last week, the digital asset has risen by as much as 180%, climbing from $0.0001 on August 25. This substantial price rise has seen over $1.2 billion flow into LUNC’s market capitalization from $665 to $1.87 billion between August 25 and September 1, with LUNC valued as high as $2.23 billion at one point during the day. Even though LUNC has been labeled as a scam coin, the community has been very active and supportive of the cryptocurrency.

Source

Join Now
@BitcoinBreaking Open / Comment