The indictment is deeply disturbing in its utter disregard for the truth. The basis for it is summarized by this paragraph: New Tornado Cash indictments seem to run counter to FinCEN guidance – Our initial thoughts on a case that could potentially criminalize the publication of software code The allegations include that the defendants: (a)…
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The founder of dYdZX argued that early-stage crypto projects can scale faster by ignoring U.S. customers, as they won’t have to deal with the hassles of the U.S. regulatory climate.
Do they know something? submitted by /u/Impressive-Pizza-163 [link] [comments]
ERC4337 Account Abstraction is a significant development for Ethereum and EVM-compatible chains. What's remarkable is that it's already live for developers and didn't necessitate any changes to Ethereum's core protocol. So, what's changing? What's the Shift? The traditional wallet system, with its seed phrases and browser extensions, is getting a facelift. We're moving to "smart…
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https://preview.redd.it/teu890t1kckb1.jpg?width=1280&format=pjpg&auto=webp&s=f10ec84527ffebe2707b127cf939a97da8f5bd5b INTRODUCTION In the rapidly evolving world of Web3, where decentralization and community-driven initiatives are at the forefront, the announcement of the Blast Ecosystem Fund by Bware Labs marks a significant milestone. This fund, established from a portion of the platform's revenue, is not just a financial reservoir; it's a testament to Bware Labs' commitment…
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Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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I’m currently working on a side project on decentralised and private identity. I’ve currently figured out a way of storing personal details (name, DoB, nationality, degree reports etc) on chain without revealing the data and verifiable using zero knowledge proofs. Now I’m trying to figure out ways to store biometric data like fingerprints or face…
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submitted by /u/TheGreatCryptopo [link] [comments]
In the world of crypto, not every project is destined for success. Some coins and tokens have achieved astronomical gains and revolutionized industries, others have faded into obscurity, leaving behind tales of shattered dreams and lost fortunes. Let's talk about 6 coins/projects that once promised the moon but ended up crashing to earth. 1. Bitconnect…
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Back in July when Judge Analisa Torres first declared XRP programmatic sales do not qualify as securities, the token price had rallied. However, now that the euphoria from the ruling has worn off and the United States Securities and Exchange Commission (SEC) has begun to fight back, the coin’s price is correcting back downward, prompting massive sell-offs of the token. Whale Moves 29.3 Million XRP To Exchange On-chain whale tracker has flagged an XRP transaction that could spell bearish pressure for the price of the cryptocurrency. According to the post made on X (formerly Twitter), a single whale moved a total of 29.3 million tokens to a centralized exchange. The total stash of tokens which were worth a little over $15.13 million at the time were transferred to the Bitstamp exchange. Related Reading: Ethereum Whales Ready For Next Leg-Up After Buying 56,000 ETH 🚨 29,300,000 #XRP (15,130,884 USD) transferred from unknown wallet to #Bitstamphttps://t.co/DhcHkKNdzc — Whale Alert (@whale_alert) August 24, 2023 While large transactions like these are not new on the network, the destination is what has raised concerns among investors. Usually, when investors move tokens to centralized exchanges such as Bitstamp, it is to sell their tokens. This is because centralized exchanges offer lower fees and deeper liquidity, which also help to mitigate the impact of the selling. It is possible the whale has already begun selling the coins as the XRP price saw a quick dip around the time the transaction was made. But with such a large stash, further selling could see the price fall further with such sell pressure leading to as much as a 20% decline. Since the XRP price is already struggling, this bearish scenario becomes more likely, especially with the broader crypto market seeing widespread negative momentum and Bitcoin struggling to recover. Another dip from here would easily see the XRP price fall to the $0.48 territory. Token price struggles amid sell-off | Source: XRPUSD on Tradingview.com Is All Hope Lost For XRP Price? Although the large $15 million move by the whale to Bitstamp is concerning, the bulls have not taken it lying down. A couple of hours after the transaction was first seen on the blockchain, a massive buy of $1.5 million worth of XRP was reported on the Bybit exchange. 🚀🔥 JUST IN: A whopping 1.5 million $ worth of #XRP was scooped up in an instant 10 minutes ago! Those twin green candles with massive wicks are signaling something BIG. 📈 Brace yourselves, XRP fam – looks like a major pump is on the horizon! 🌊 Who else is seeing this? Drop… pic.twitter.com/o2gy965qqF — WallStreetBulls (@w_thejazz) August 25, 2023 Related Reading: Which Top Meme Coins Have Held Their Value Best Amid The Crypto Market Crash? The large buys led to two quick spikes in the XRP price, reaching $0.5311 briefly before going back downward. This signifies that there is a good amount of buy pressure on the digital asset that could help offset the whale selling. Interestingly, the token is still holding above the 200-day moving average which suggests bullish sentiment, at least in the mid-term. So while a 20% can be expected due to the selling, the decline will likely not last before the digital asset picks back up. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com
