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, […]
Ethereum
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 have been increasing and decreasing in value over the last few years, especially over a couple of months. CoinMarketCap says the price jump was due to ‘price issues’ and wasn’t real, and it’s currently unclear whether this was a security incident or simply a glitch. The company will update this status when we have […]
After a weekend turmoil which hit the crypto market with a sharp and sudden plunge, Bitcoin rose 1.5 percent in early Asia on Tuesday, but many crypto traders remained on edge. The crypto fell as much as 22 percent to just under $42,000 on Saturday on a combination of profit-taking and macro-economic concerns, however, it […]
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 […]
Ether, the world’s second-largest cryptocurrency, hit an all-time high on Wednesday reaching as high as $4,643, catching up with bitcoin’s rally, and breaching the previous day’s $4,600 and marking a 10 percent weekly gain. “Since the market reversal at the end of September, ether’s strength has been moving in stride with BTC and other majors,” […]