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tornado cash

The US bans the Ethereum mixing tool Tornado Cash 

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In a notice made on Monday, the US Treasury Department placed the Tornado Cash website and a huge variety of Ethereum addresses on its Specially Designated Nationals list, prohibiting American citizens from utilizing the service or doing transactions with these addresses. What is Tornado Cash? Tornado Cash is an Ethereum network “mixer.” It enables Ethereum users to transmit ether (ETH) or ERC-20 tokens to the service to be “mixed”...

Blockchain, Crypto regulation, Cryptocurrencies, Front page, News, Tornado Cash

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hodlnaut

Hodlnaut joins others in stopping withdrawals

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The latest indication of strain in the cryptocurrency market is the suspension of withdrawals, swaps, and deposits by Hodlnaut, a Singapore-based bitcoin lender and borrower. Hodlnaut also withdrew its request for a license from the Monetary Authority of Singapore, despite the fact that the central bank had given it in-principle permission in March. The organization is the most recent in a long line of cryptocurrency lenders to falter this...

Cryptocurrencies, Exchanges, Front page

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Crypto Market – Aug 9, 2022

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Today’s market capitalization of cryptocurrencies is $1.13 trillion, down -3.56% from the previous day and down -40.91% from one year ago. Currently, Bitcoin (BTC)  is $442 billion, giving it dominance of 38.92%. Stablecoins’ market worth is now $154 billion, accounting for 13.55% of the whole cryptocurrency market size.  Market Cap: $2,482,688,582,414.1024h Vol: $64,381,490,911.14BTC Dominance: 50.80% Over...

$AVAX, $SHIB, Bitcoin, Cryptocurrencies, Ethereum

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The Merge - Ethereum

What is the Merge in Ethereum? 

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The Merge represents the joining of Ethereum’s existing execution layer (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step towards realizing Ethereum’s vision: more scalability, security, and sustainability. How The Merge happens Proof-of-work has been used to secure...

Blockchain, Cryptocurrencies, ETH2, Ethereum, Featured, Front page

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crypto today

Crypto Today: Thousands of Solano wallets hacked; Michael Taylor steps down as CEO of MicroStrategy; RobinHood lays off nearly a quarter of its employees

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Targeting Solana, hackers stole bitcoin from “hot” wallets. Despite the prevalence of attacks on blockchain platforms, Solana remains one of the fastest and cheapest digital asset trading ecosystems. The cryptocurrency (SOL) and blockchain-compatible USDC were stolen by cybercriminals. Independent professionals and security organizations believe that the ongoing assault has caused $8 million in damages. Solana has been the target...

$SOL, Bitcoin, Cryptocurrencies, Fintech, Michael Saylor, MicroStrategy, News, Robinhood

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