St. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew as part of the Bitcoin Ca...
Tag: Cash
Bitcoin Cash: Could this 2023 development prove profitable for investors in Q4 2022
St. Kitts and Nevis to adopted BCH as the legal tender in 2023 BCH could see some upside in the days to come thanks to investor optimism Bitcoin Cash [BCH] notably became less popular as the top cryp...
St. Kitts and Nevis to adopt Bitcoin Cash as legal tender in 2023
St. Kitts and Nevis Prime Minister Terrance Drew announced that BCH will become legal tender in the country by March 2023 during a BCH conference in St. Kitts and Nevis. He added that the country will...
Tornado Cash Redesignation: Does it Change Anything for US Users?
Even as crypto melted down over the FTX debacle, the US Treasury amended the basis it used to sanction crypto mixing service Tornado Cash, after lawsuits argued the government can’t enforce such a ban...
If You Missed Out on Bitcoin Cash and Dogecoin, Don’t Miss BudBlockz!
You may have missed out on many crypto assets in the past, especially if you are a new investor. However, many cryptocurrencies may still offer multi-fold returns shortly. For example, the BudBlockz T...
Bitcoin Cash Analysis: Recovery Could Be Limited Above $110
Bitcoin cash price started a fresh decline from the $125 zone against the US Dollar. The price is now trading below the $115 zone and the 55 simple moving average (4-hours). There was a break below a ...
Musk Warns Twitter Bankruptcy Possible If Cash Burn Doesn’t Stop
(Bloomberg) — Elon Musk, in his first address to Twitter Inc. employees since purchasing the company for $44 billion, said that bankruptcy was a possibility if it doesn’t start generating more c...
U.S. Refines Imposed Sanctions On Tornado Cash To Tackle North Korean Hackers
Previously sanctioned Tornado Cash, an Ethereum-based crypto mixer that provides its community with identity secrecy in digital transactions via its open-source software is up again on the news cycle....
FTX CEO Sam Bankman-Fried Tells Investors the Troubled Exchange Needs Cash To Avoid Bankruptcy: Report
The CEO of the cash-strapped FTX crypto exchange is reportedly warning investors that the company will collapse if it fails to get additional capital. Citing a person familiar with the matter, Bloombe...
Bitcoin Cash Reaches Bearish Exhaustion as It Hits the $95 Low
Nov 10, 2022 at 11:00 // Price The price of Bitcoin Cash (BCH), which reached a high of $124 on November 4, is now in an upward correction. The resistance area of $120 was strongly rejected by BCH the...
Tornado Cash Yet Again Sanctioned by U.S Treasury
12 hours ago | 2 mins read Blockchain News Tornado Cash developers, founders, DAO members, and users are not subject to sanctions. Public opinion is divided on the sanctions imposed on the project. T...
FTX tells investors bankruptcy is likely without fresh cash: Bloomberg
FTX founder and CEO Sam Bankman-Fried told investors that the crypto exchange would need to file for bankruptcy without a cash injection, Bloomberg News reported, citing a person with direct knowledge...
US Sanctions 3 Individuals, Dozens of Bitcoin, Ether and Bitcoin Cash Addresses on Opioid Allegations
In a press release Wednesday, Treasury’s Office of Foreign Asset Control announced it was adding Dutch citizens Alex Adrianus Martinus Peijnenburg and Martinus Pterus Henri De Koning and British...
U.S. Treasury Department Connects Lazarus Group and Tornado Cash to North Korean Nuclear Weapons Programs
The U.S Treasury Department is redesignating the sanction it imposed against crypto mixing service Tornado Cash earlier this year due to the protocol allegedly having ties to North Korea’s nuclear wea...
Deribit attackers transfer stolen ETH to Tornado cash crypto mixer
The Deribit hacker has taken off an amount of 1,10 Ether. The amount was moved with about 17 transactions. In the repercussions of the $28 million Deribit exploit, the anonymous hacker transfers stole...
S&P 500: Elon Musk Would Have This Much Cash If He Sold All His Tesla Stock
Elon Musk’s $48 billion buyout of Twitter definitely shook up the S&P 500, not to mention his net worth. But it’s still a drop in the bucket next to the value of his Tesla (TSLA) stock...
Tornado Cash Sanction By U.S. Treasury Has Another Twist
Troubled cryptocurrency mixer, Tornado Cash problems keeps going from bad to worse. The U.S Treasury now has amended sanctions highlighting its role in North Korea’s nuclear weapons program. The Unit...
US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program
The United States Treasury Department’s Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in “t...
China’s Cash Drives America Towards Electrification
This week Foxconn, a Taiwanese company under the influence of China, injected another $170 million in Lordstown Motors, the Ohio electric truck company. This follows Foxconn’s purchase of Lordstown’s ...
Deribit Hacker Starts Transferring Stolen ETH Via Tornado Cash
6 hours ago | 2 mins read Exchange News Reports of a $28 million loss at Deribit due to a hot wallet attack surfaced on November 2. The attacker transferred a total of 1,610 ETH over the course of 17 ...
U.S. Treasury Sanctions Tornado Cash (Again)
Key Takeaways The U.S. Treasury and its OFAC department have redesignated the sanctioned coin mixer Tornado Cash. The Treasury related the new sanctions to its broader efforts to defund North Korea...
New Treasury sanctions link Tornado Cash to North Korea’s nuclear weapons program
Despite industry pushback, the U.S. Treasury is not giving an inch in the fight over its sanctions on Tornado Cash. The Treasury’s Office of Foreign Asset Control has in fact added a desi...
US Treasury Adds to Tornado Cash Sanctions With North Korea WMD Allegations
In a statement, Treasury Undersecretary for Terrorism and Financial Intelligence Brian Nelson said, “today’s sanctions action targets two key nodes of the DPRK’s weapons programs: its increasing...
GameStop’s Cash Runs Out In A Year (And One Meme Stock Is Worse)
GameStop (GME) certainly has some loyal investors. But there’s one thing it needs much more: cash. The struggling online retailer only has enough cash to carry it about a year at is burn rate th...
Deribit Hacker Has Started Moving the Stolen $28M to Tornado Cash
Less than a week after exploiting the leading cryptocurrency derivatives exchange Deribit, the attacker started moving the stolen funds. As of November 5, the hacker had moved 1,610 Ether (ETH) worth ...
Deribit Hackers Turns to Tornado Cash to Launder Stolen Funds
The hacker who exploited the Deribit exchange’s hot wallet has started moving the stolen funds using the sanctioned cryptocurrency mixer Tornado Cash. According to data from Etherscan, the attacker ha...
SBF says ‘FTX is fine. Assets are fine’ with over $1B in excess cash amid rumors of liquidity crunch
FTX CEO Sam ‘SBF’ Bankman-Fried has taken to Twitter to call out a “competitor” for “trying to go after us” and reassured the industry that despite the attempt, “FTX is fine. Assets are fine.” 2) FTX ...
Deribit hackers move stolen Ether to Tornado Cash crypto mixer
In the aftermath of the $28 million Deribit hack, the unknown exploiter is moving stolen funds using the decentralized cryptocurrency mixer, Tornado Cash. The Deribit hot wallet hacker has transferred...
BofA Says Rush to Cash Is Now at Fastest Pace Since Pandemic
(Bloomberg) — Cash is king, with investors fleeing to the safety of cash funds at the fastest pace since the coronavirus pandemic as the Federal Reserve remains firmly hawkish, according to stra...
Oil Companies Lift Their Dividends as Cash Rolls In
It was a busy week for dividend increases at energy companies, a bonus for investors who have scored as the stocks have taken off this year. The sector is prospering as Russia’s war against Ukraine ha...