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The United States Treasury Department has blacklisted Tornado Cash, a popular crypto mixing service, urging all Americans to desist from using the decentralization network. The Office of Foreign Assets Control (OFAC), had on Monday added Tornado to its Specially Designated Nationals list - a tally of blacklisted people, entities and
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American business executive and co-originator of MicroStrategy, Michael Saylor, has in a talk with Altcoin Daily categorically underlined Ethereum as a security and further reiterated that Bitcoin is the sole stock in the cryptocurrency space. Saylor’s voluble response to the question concerning the US legislative grouping of Bitcoin and
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Popular financial institution Morgan Stanley has reacted to the recent poor performance of Ether, the native coin of the Ethereum Network. Morgan Stanley, in a Monday statement, analyzed this to be similar to the downtrend encountered in the crypto market in 2018. The statement further highlighted that the United States&
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Bitcoin and Ethereum, the world’s most powerful cryptocurrencies based on market capitalization, have fallen by 5% in the last 24 hours. Bitcoin fell below $30,000, wiping its gains in recent times. Bitcoin had briefly boosted the confidence of investors after it rallied to reclaim its $30,000 spot
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Cosmos (ATOM), the native token of the eponymous blockchain network has gained 12% in the last 24 hours. At the time of writing, ATOM currently trades at $11.430. The 27th largest cryptocurrency based on market capitalization is still trading 74% down from its September 2021 all time high, ATOM/
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Vitalik Buterin, the co-founder of Ethereum has expressed displeasure at the high fees charged by layer 2 scaling protocols. His view was captured in his response to a tweet that mentioned several protocols and the amount they charged per transaction. Top of the list was Arbitrum which charges $0.85
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In the last month, Cardano has recorded massive activity on its network, with 100,000 new wallets and 400 new projects developed. Cardano is a decentralized blockchain developed by the co-founder of Ethereum, Tim Harrison. The network aims to address the scalability issues of the Ethereum blockchain. According to a
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Virgil Griffith, a former developer with the Ethereum Network has been handed a 63-month jail term and fined $100,000 after he helped North Koreans use cryptocurrencies to evade sanctions. The developer was arrested in November 2019 after he made a speech at a conference in Pyongyang in April of
Bitcoin
With United States citizens set to receive a second stimulus package, we take a look at how much the first $1,200 sent in April 2020 would have been worth if invested in BTC. The US government had sent stimulus cash to citizens in the wake of the COVID-19 pandemic
Blockchain
Ethereum (ETH) - the second cryptocurrency by market cap hit a new all time-high price above $1,500 on Feb. 2 after gaining 12% in 24 hours. The new price high is pitched to be an effect of the growth in the DeFi industry which is based on the ETH
Bitcoin
The year 2020 started very eventful in the cryptocurrency space with investors and traders very enthusiastic to see what the year holds in terms of price and development of the industry. Here, we take a look at four (4) major stories that created a buzz in January 2021. Bitcoin Set
Bitcoin
U.S-based software company - Sequoia Holdings LLC is allowing its workers get paid in Bitcoin (BTC). According to an official announcement, the company will also offer employees the option to get paid in Ethereum (ETH) and Bitcoin Cash (BCH). Richard Stroupe, CEO of Sequoia Holdings notes: "We'