Day: 29 August 2022

Following Federal Reserve Chair Jerome Powell's eagerly anticipated keynote speech at the Fed's Jackson Hole, Wyoming, economic conference on Friday morning, the price of Bitcoin (BTC) fell by about 5% in the two hours that followed. The S&P 500 index fell more than 2% as equity markets fell with cryptocurrency ...

The Office of Foreign Asset Control (OFAC) added Tornado Cash to the US sanctions list on August 8. Two days later, Dutch authorities apprehended Alexey Pertsev, a programmer for the crypto mixing service.  Privacy advocates were outraged by the blacklisting and what followed. The arrest resulted in violent protests and ...

The crypto space is constantly evolving, with novel features regularly developed and implemented. Volatility in the cryptocurrency market prompted the creation of a type of coin specifically immune to the market's swinging effects.  Investors desired a coin that could serve as a store of value, withstanding market highs and lows. ...

The rankings for cryptocurrencies have changed today. The native coin of the Polygon blockchain network, MATIC, now has a larger market cap than Avalanche (AVAX). Polygon has flipped AVAX to become the 14th biggest cryptocurrency by market capitalization. This recent update is considered very bullish for the adoption of Polygon.  ...

Binance, a well-known cryptocurrency exchange, has announced plans to credit users' accounts with any tokens created during the Ethereum Merge.  The Merge, a popular event involving the transition of the Ethereum network from Proof-of-Work to Proof-of-Stake, is expected to take place between 2022-09-10 and 2022-09-20,   A new token may be ...