Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

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.

Bitcoin hits $25K as bearish voices call BTC price 'double top'

A casual dash over the $25,000 mark is fully retraced as weekend trading produces some classic volatility.

Polkadot-based Stablecoin Acala USD Depegs after $1 Billion Exploit

submitted by /u/CoinControversy [link] [comments]

Does staking make a cryptocurrency worth less and less as more and more tokens are created and everyone loses value with them?

Everyone pretends to know about staking, but no one can explain the basic mechanisms in detail. And if someone can not explain a topic in simple words, that is for me always an indication that he has not understood it himself. For example, if you ask someone why staking is important for the blockchain and…
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Wallet for upcoming hardfork

What's the best wallet to store my Ethereum ahead of the upcoming hardfork and then retrieving the forked coins. submitted by /u/SolidFuell [link] [comments]

Velodrome recovers $350K stolen funds from team member Gabagool

While many community members came in support of the prominent coder, Gabagool owned up to the allegations made against him following Velodrome’s investigation.

Bank of Russia Aims for Full Launch of Digital Ruble in 2024

The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the 2023 – 2025 period. As the development of the state-issued digital currency continues, the monetary authority intends to gradually connect various financial institutions to the […]

Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe

submitted by /u/Electrical_Potato_21 [link] [comments]

My Ofac compliant chain in my Ofac compliant country using my Ofac compliant “DeFi”

U.S. validators (which includes very powerful Coinbase) are gonna push for protocol-level censorship They can't self-help by merely avoiding facilitation of blocks containing U.S.-sanctioned txs, because under certain conditions they might be dramatically slashed from doing so. I was using the term "slashed" here outside of acceptable Ethereum jargon they would be potentially"inactivity-leaked," which is…
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Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid Footing?

Polkadot (DOT) price reveals that the extreme bullish movement pumped the price reaching $9.54. DOT price extremely bullish; set to retest $9.88 key resistance level. Support spotted at the $9.29 zone. Polkadot pumped up its price to $9.54.  DOT’s price trendline has spiked for the past couple of weeks following the coin’s overwhelming gains over the past few days. Today, DOT/USD is trying to test the $9.87 key resistance level which is pretty strong. However, if the bulls continue to push further then DOT will have no problem breaching this critical resistance zone. Related Reading: Filecoin Cruises Near Resistance, Now Attempts For A Breakout DOT Price Pumped To $9.54 On the 24-hour timeframe, DOT price has shown a boost in price value as it pumped its price to $9.54 a few hours ago. According to CoinMarketCap, DOT is now trading at $9.49 or showing an impressive spike of 2.20% as of this writing. DOT price was down by a trickle in a few hours but is still on the green lane. The DOT/USD pair has shown a remarkable 10.05% gain in terms of value as seen in the past week which hints a continuation of the bull run. On the flip side, trading volume for DOT tremendously fell by 12.66% which shows some weak spots in terms of momentum. DOT/USD pair shows increased volatility as seen in the expansion of the Bollinger bands. The price is seen to be trading the upper limit with $9.99 as the current key resistance, and the lower band or $6.84 poised as the current support zone for the coin. More so, the EMA is spotted at $9.10 with RSI at 64 which is indicates strong buying pressure in the market. Polkadot Price Correction Anticipated The 4-hour timeframe shows that DOT price breached upwards which was observed at the onset of the trading session which prompted the price to spike to $9.58, but when the selling pressure resurfaced, the price also went down in the last few hours. The 4-hour chart for DOT shows a rather very mild volatility. The upper band is spotted at $9.84, while the lower band is found at $8.73. More so, the EMA trades at the $9.35 level with the RSI showing a mild downtrend as it continue to trade at index 62 propelled by the immense selling pressure. DOT price reveals that the coin is working extremely hard to override the key resistance found at $9.87, as the price is still seen trading on the green. A price correction is expected for short-term or in a just a few hours before the coin retests the key resistance zone again. On the other hand, if the bears manage to dominate the bulls, then DOT may hold on to $9.29 as its next support zone. Related Reading: Decentraland Consolidates Near $1.05 – Can MANA Attract Buyers Now? DOT total market cap at $10.3 billion on the weekend chart | Source: TradingView.com Featured image from Bitcoin Addict, Chart from TradingView.com