Crypto news

The Blockchain Association has filed an amicus brief in a lawsuit filed by the think tank Coin Center against the Treasury Department and the Office of Foreign Asset Control. The brief has to do with the latter two agencies’ sanctions against crypto mixer Tornado Cash. Tornado Cash Has Some Soldiers Fighting for It Last year, sanctions were filed against Tornado Cash after it was alleged that the tool had been used to launder crypto funds garnered by bad actors in...

CoinspeakerMizuho Financial Group Plans for $72M Venture Debt Fund for Startups Mizuho said that startups in Japan are looking for debt wherein they can get loans without diluting the ownership stakes in the company. Mizuho Financial Group Plans for $72M Venture Debt Fund for Startups

CoinspeakerChinese Project Zhipu AI Sees Huge Boost, Gets Meituan Funding Zhipu AI was founded in 2019 as a creative invention by the Chinese prestigious Tsinghua University. Chinese Project Zhipu AI Sees Huge Boost, Gets Meituan Funding

CoinspeakerChatGPT Is Declining in Performance According to Recent Research OpenAI has consistently denied any decline in GPT-4's capabilities. According to OpenAI's VP of Product, Peter Welinder, each new version is designed to be smarter than the previous one. ChatGPT Is Declining in Performance According to Recent Research

CoinspeakerTerraform Labs: Do Kwon Out, New CEO In However, some experts and analysts are skeptical about Terraform Labs' new efforts and its ability to regain the trust of the crypto community. Terraform Labs: Do Kwon Out, New CEO In

CoinspeakerKuwait Authorities Impose Ban on Bitcoin and Other Virtual Asset Transactions  The ban crypto transactions in Kuwait is reportedly part of a broader regulatory initiative that involves multiple supervisory authorities, including the Ministry of Commerce and Industry, the Central Bank of Kuwait, and the Insurance Regulatory Unit. Kuwait Authorities Impose Ban on Bitcoin and Other Virtual Asset Transactions 

EOS price is trading in a bearish zone below the $0.785 support against the US Dollar. The price is now trading near $0.760 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $0.770 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to rise toward the $0.78 and $0.80 resistance levels. EOS price is struggling below $0.80 against the US Dollar, like Bitcoin. The price...

Litecoin is showing bearish signs and trading below $100 against the US Dollar. LTC price is now trading below $95 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $93.80 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a decent increase if it clears the $95 resistance zone. Litecoin price is struggling below $95 against the US Dollar, similar to Bitcoin. LTC price...

The decentralized blockchain infrastructure provider, Ankr, has teamed up with Matter Labs to launch dedicated zkSync Era Nodes and Hyperchain blockchain solutions on the Microsoft Azure Marketplace. The main objective is to promote Web3 development growth and enterprise adoption by providing a gateway that is readily accessible to blockchain infrastructure available to Azure’s customers. Ankr’s specialized solutions, coupled with zkSync Era’s scalable blockchain network, as...

Two separate whales each holding over 9 figures worth of crypto have transferred to holdings to exchanges over the past 24 hours. One whale owned an address that participated in Ethereum’s ICO back in 2014, and hadn’t moved his coins since. As revealed by the Twitter blockchain tracker Lookonchain, an Ethereum ICO participant moved 61,216 ETH worth $116 million to the crypto exchange Kraken on Tuesday. According to Etherscan, the address had zero other significant activity,...