The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings due to worries their fast-growing financing products are harming consumers, the agency said on Thursday. The watchdog, which does not currently oversee BNPL companies or products, will issue guidance or a rule to align sector […]
Ethereum
Banks’ cryptocurrency projects have been upended by U.S. Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a dozen people with knowledge of the matter. A slew of lenders including U.S. Bancorp, Goldman Sachs Group Inc, […]
The Ethereum blockchain has undergone a major software upgrade, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday. The new system will use 99.95 percent less energy, according to the Ethereum Foundation. The upgrade, which changes how transactions occur and how ether tokens are created, could give Ethereum a major advantage as […]
As a virtual currency mixer, Tornado Cash uses the Ethereum blockchain to arbitrarily enable anonymous transactions by concealing the persons involved, as well as the transaction’s origin, destination, and counterparties. What Is Tornado Cash? Before sending various transactions to their specific receivers, Tornado receives a variety of transactions and combines them. Illegal actors frequently use […]
As trading volumes dry up, potential open interests hinder, and the number of active addresses slumbers, Bitcoin and other cryptocurrencies’ value fell on Thursday, led by the Federal Reserve’s December meeting reaching risk assets worldwide. According to Coin Metric data, the godfather of all digital assets, Bitcoin, fell by eight percent in 24 hours after […]
Cryptocurrencies are on the rise, as two of the world’s biggest cryptocurrencies, Bitcoin and Ethereum, soared on Monday to new records as Ether hits its all-time high, exceeding $4,700. The world’s leading digital asset, Bitcoin, rose to its latest upshot by jumping 7 percent, reaching a valuation of $66,170, almost binding to its October 20’s […]