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Following the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) banning Tornado Cash and a number of associated Ethereum-based addresses, an anonymous Tornado Cash user has dusted a swathe of well known wallets tied to ENS domain names. Onchain data shows that a number of celebrities and organizations received 0.1 ether from the platform. … Read more
On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were two digital currencies worth five digits in value, two tokens worth four digits in U.S. dollar value, and one valued at three digits. Today, a lot has changed but currently, bitcoin and the token yearn … Read more
On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Following the ban, the internet hosting service for software and open source code development, Github, erased some of the Tornado Cash commits and … Read more
After sideways trading for most of last week and a small bull run on Monday, Bitcoin’s price is back down to the $23k range, testing support. The global cryptocurrency market cap is down 3.5% but remains above $1.1 trillion. In addition, Bitcoin’s trading volume continues to increase, up 11% in the past 24 hours, signaling … Read more
BBVA, a private bank based in Spain, released an article that states Latam users are very interested in their crypto-powered solutions. The institution informed that close to 20% of the users of their New Gen accounts, which are available from Switzerland, are Colombians who are attracted by the crypto services offered by these accounts. Colombians … Read more
On Monday, the U.S. Treasury Department’s watchdog the Office of Foreign Asset Control (OFAC) banned the ethereum mixing application Tornado Cash. OFAC has cited that the mixer has helped North Korean hackers such as the hacking syndicate known as Lazarus Group. OFAC Sanctions Tornado Cash Mixing App OFAC has officially banned the Tornado Cash and … Read more
Bitcoin and Ethereum rise by 4% and 6% today as the cryptocurrency market is waking up this week and showing signs of life. After a relatively flat performance last week, Bitcoin is starting this week on the right foot. Whether this is a beginning of a bull run is early to tell, but the uptrend … Read more
The central bank of Portugal is now reviewing 12 requests from businesses that want to provide crypto-related services in the country. The applications are pending decision amid recent reports that some commercial banks are closing accounts of already approved operators. Binance Among Cryptocurrency Platforms Seeking Authorization in Portugal Portugal’s monetary authority is currently evaluating requests … Read more
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with its realization. Nepal Central Bank Prepares Legal Ground for National … Read more
The past two months have been relatively uneventful for cryptocurrency markets. Bitcoin and Ethereum have been trading sideways since mid-June, and despite minor bull rallies in July, the market is essentially unchanged. Trading volume is showing a significant drop today, with Bitcoin’s 24-hour volume down over 37% while Ethereum’s is down over 40%. The sharp … Read more