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IMX/USD Bulls Too Weak to Regain the Market

  On the daily chart of IMX/USD, the market is mostly filled with very bearish candlesticks The bears are the dominant of the market. But the bulls have also made some strong moves to regain the market. On the 27th to 30th of July, the bulls had a victory that was soon to be taken away by the bears on the 31st. Following the bearish victory on the...

Kraken CEO Jesse Powell Says Crypto Exchange Will Be Forced To Freeze Funds Coming From Tornado Cash

Kraken CEO Jesse Powell says that the US government’s decision to sanction Tornado Cash leaves the crypto exchange with no option but to block funds coming in from the coin mixing service.  Earlier this month, the U.S. Treasury Department banned Americans from using of Tornado Cash, citing national security concerns as the agency claims the protocol...

Binance Addresses Alleged Compliance Neglect, Says KYC Efforts Cost The Exchange Billions ⋆ ZyCrypto

Advertisement     Following a June 6 Reuters report which allegedly linked Binance to money laundering schemes involving the top darknet and hacking groups, some members of Binance’s compliance team have cleared the air on the allegations, highlighting some extra efforts put into compliance exercise and how this high scrutiny has also cost...

Celsius’s Request to Sell Mined BTC to Fund Operations is Approved

Despite cost concerns, a New York Bankruptcy Judge approved cryptocurrency lending company Celsius’s request to sell mined BTC. According to recent reports, a US bankruptcy court has approved the sale of Bitcoin mined by the cryptocurrency loan platform Celsius. During a hearing in Manhattan, Chief US Bankruptcy Judge Martin Glenn expressed concern...

Big Short’s Michael Burry Ditches All Investments Except One, Says Economic Winter Incoming

Michael Burry, the investor of “The Big Short” fame, is selling almost all of the assets in his equity portfolio and issuing a warning about a stock market crash comparable to the 2008 mortgage crisis. A document filed by Burry’s Scion Asset Management with the U.S. Securities and Exchange Commission (SEC) shows that he now only holds one stock as...

Ripple Unveils XRP-Powered Enterprise Payments With Major Brazilian Bank ⋆ ZyCrypto

Advertisement     Ripple has announced the launch of RippleNet’s On-Demand Liquidity (ODL) with Travelex Bank in Brazil. The deal between the two firms will allow for the utilization of XRP for ODL purposes for the first time in Latin America. According to the announcement, the ODL solution with XRP will allow Brazilians to send money anywhere...

Ripple launches crypto-enabled payments in Brazil

Ripple’s partnership with Travelex Bank will see customers of the locally regulated bank benefit from XRP-powered cross border payments settled on RippleNet’s On-Demand Liquidity (ODL) protocol. Ripple has launched a digital asset based payment solution in Brazil, partnering with regulated Latin America bank Travelex Bank. The enterprise-focused solution...

After the Exploit and Burn Repair, Acala Almost Reached Its Original Peg of 1:1

The Acala Dollar (aUSD), Polkadot’s native decentralized stablecoin, hit a new low of $0.0054 on August 14 and lost its $1 peg. Acala Network had previously observed a suspicious transaction. Hackers are believed to have attacked the iBTC/aUSD pool. Acala acknowledged that a problem with the Honzon protocol’s setting impacts the aUSD. The stablecoin...

Got Bitcoin? Sprawling $5,995,000 Connecticut Home for Sale in BTC and Additional Crypto Assets

Crypto holders on the hunt for a real property can now spend their digital assets on a 187-year-old estate in a Connecticut town. According to the property’s listing agent,, the seller of a 4.3-acre farmhouse compound in Greenwich is now accepting crypto assets as a form of payment for the $5,995,000 asking price of the property. The main residence...

Blockify Announces The Completion Of A $2.2M Seed Round

Advertisement     Blockify Inc has announced a $2.2M for its seed round. These funds will accelerate the launch, host new features, and recruit top talent to the team. Blockify Inc started in 2021. It has been building an interface that brings Web3 and DeFi to anyone, discounting their knowledge and experience in crypto. The main features...

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