Wife of arrested Tornado Cash dev forbidden to speak with him — Rally organized
Speaking with Cointelegraph, Ksenia Malik stated that Dutch authorities are treating her husband as if he were “were a dangerous criminal” and that the creation of open-source software should never be criminalized.
Price analysis 8/17: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Crypto and stock markets corrected as traders grew nervous ahead of August 17’s FOMC minutes, but the real stress point is whether traders will “buy the dip.”
Price analysis 8/15: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin and altcoins met selling at key overhead resistance levels and investors are unsure whether traders will buy the current dip.
Coin Center may challenge US Treasury’s sanctions on Tornado Cash in court
“By treating autonomous code as a ‘person’ OFAC exceeds its statutory authority,” said Coin Center’s Jerry Brito and Peter Van Valkenburgh.
AML and KYC: A catalyst for mainstream crypto adoption
One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools.
Coinbase posts $1.1B loss, Polygon DApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13
Price analysis 8/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and many altcoins are carving out bottoming patterns as sentiment across the crypto and equities markets continues to improve.
Will Ethereum Breach $2,000 Before The Merge?
Ethereum has recorded a large upwards movement in the last month following the announcement made about the Merge. A more definite launch time in September has seen the market rally around the altcoin, causing it to surge drastically. With each day, the Merge draws closer, and Ethereum tests another technical level. This time around, the cryptocurrency has set its sight on the $ 2,000 level as it continues to trade in the green.
Will ETH Reach $ 2,000?
Ethereum’s most recent break above the $ 1,900 level has laid the foundation for a larger bounce upward. This time around, ETH is looking towards the important technical level of $ 2,000, where the bears have now begun to make their stand.
However, despite the mounting resistance, the accumulation trend in ETH has provided strong momentum for it. The last 30 days alone have seen the digital asset add more than 50% to its value, but bulls are not satisfied with this.
Data shows that Ethereum whales have been taking advantage of the low prices and upping their investments. A single whale had bought approximately $ 1.7 billion in ETH futures in the past weeks, and others have rocked to follow suit.
ETH jumps above $ 1,900 | Source: ETHUSD on TradingView.com
Exchange net flows also show a similar accumulation rend where investors look to be moving out their ETH from centralized exchanges. In the last 24 hours, $ 739.3 million in ETH were moved from CEXes, which left a negative net flow of -$ 156.7 million for the day.
Ethereum Merge Propels Growth
At this point, it is no longer a secret that the Ethereum Merge is behind the recent recorded growth. There has been growing anticipation regarding the upgrade, with mixed feelings coming from investors on what will happen after, but one thing that has remained consistent has been the bullish sentiment going into the Merge.
As expected, there has been rallying support for hard forks, which are expected to happen following the Merge, but the ETH PoS is still receiving massive support. More users have also flocked to stake their ETH ahead of the Merge, leading to a record number of ETH being staked. At this point, about 10% of the total ETH supply is staked.
There is no certainty of what will happen to the price of ETH once the upgrade is completed. The price can go either way, depending on the sentiment of investors towards the digital asset. However, the consensus remains that moving to proof of stake is a pivotal event for the network to move towards more mainstream adoption.
Featured image from MARCA, chart from TradingView.com
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Price analysis 8/10: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
After Aug. 10’s neutral CPI print, Bitcoin and altcoins are attempting to flip stiff overhead resistance levels to support in order to prepare for the next leg up.
Anonymous user sends ETH from Tornado Cash to prominent figures following sanctions
It appears to be an ongoing prank to challenge the novel Tornado Cash sanctions.
