Crypto news

Tornado Cash recorded volumes of $1.9 billion in the first half of 2024, data reveals. Large amounts were deposited in the privacy-enabling mixer despite the Office of Foreign Assets Control (OFAC) sanctioning the application. The sanction forbids users from using the application, failing which users cannot exchange their crypto for fiat on US-based exchanges. Wallets interacting with the mixer are blacklisted and prevented from accessing exchange servicers. Tornado Cash is frequented by...

Leading crypto exchange Kraken has inked a partnership with one of England’s most iconic football clubs, Tottenham Hotspur. According to the official announcement, the alliance has made Kraken the crypto, web3, and the official sleeve partner for Tottenham Hotspur’s men’s and women’s teams ahead of the 2024/2025 football season. Kraken Partners With Tottenham Hotspur Kraken said it shares a vision with Tottenham Hotspur on how to leverage cutting-edge technologies like the...

South Korea’s crypto framework, the Virtual Assets User Protection Act, came into force on July 19. This regulation offers guidance to the crypto exchanges operating in the country. Many have stated these laws, formulated by the country’s Financial Services Committee (FSC), are on the stricter side. A press release issued by the FSC read, “The Financial Services Commission announced that the Act on the Protection of Virtual Asset Users, which intends to establish a sound order in the virtual...

Japanese investment firm Metaplanet has been on an aggressive Bitcoin buying spree. Earlier this week, it announced adding 21.877 BTC to its stash, bringing its total holdings to 225.611 BTC. At the current price, the Tokyo-listed company now holds Bitcoins worth almost $14.8 million. This investment strategy appears to have paid off as Metaplanet experienced an incredible surge in its shares this year, with a major boost recorded in May after the company announced tapping...

An outage took over Microsoft-based machines on Friday, rendering numerous industries like aviation, railways, and finance dysfunctional or functional at limited capabilities. It happened as CrowdStrike, a cybersecurity firm, released a new update, which went bad. No hackers were involved in the mishap. With that, BTC rallied to over $67,000, starting the day at around $64,000, marking a 5.5% increase in 24 hours. Simultaneously, BlackRock’s spot BTC ETF, the Ishares Bitcoin Trust (IBIT),...

Bitcoin’s price continues to be highly impacted by the political scene in the United States. After the failed assassination attempt against Donald Trump last weekend, this time, news regarding his opponent rattled the markets. However, the cryptocurrency managed to bounce off and return to nearly $67,000 almost immediately. The current US president, Joe Biden, ended his campaign for the 2024 presidential elections an hour ago, saying it was a decision made in “the best...

US District Judge for Columbia Amy Berman Jackson gave Binance’s US entity to invest certain customers’ fiat funds into US treasury bills, which mature over four weeks. Binance must custody the fiat funds it wishes to invest in treasury bills with BitGo and maintain enough funds to honor customer withdrawals always. The court filing read, “Pending before the Court is BAM Trading Services Inc. and BAM Management US Holdings Inc.’s (together, “BAM”) Motion for Relief from the Consent Order...

Windows-based systems worldwide suffered outages as their users reported them entering recovery mode while flashing the infamous blue screen of death (BSOD). The issue was reportedly caused by an automated CrowdStrike update that went wrong. Memecoins emerged shortly after, poking fun at the global fiasco that caused many businesses and institutions to halt work or find workarounds to operate. Industries across the board were affected, including banking, aviation, finance, and railways. No...

This article represents the opinion of the author and is not to be construed as financial advice. Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development. Could XRP price be gearing up for a moonshot bull run sometime in Q3? Very Bullish XRP Price Prediction XRP price analyst Egrag Crypto raised the staggering specter of a $17 XRP price sometime in the near...

Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these institutional investment products. Even Grayscale saw an inflow of $20 million to its GBTC spot ETF on Friday, the first positive flow day...