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• Brazillian football legend Ronaldinho denies involvement in alleged cryptocurrency scheme during legislative hearing

  TL;DR Breakdown Brazilian football legend Ronaldinho appeared before a legislative commission to deny allegations of his involvement in a cryptocurrency scam named “18k Ronaldinho,” which promised investors up to 400% returns in less than a year. Ronaldinho clarified that he had signed a contract in 2019 with a watch company called “18K Watches,” and the photos taken for that campaign were used without his permission in the cryptocurrency scheme. He also revealed that he had terminated the contract in the same year. Description Brazilian football legend Ronaldo de Assis Moreira, commonly known as Ronaldinho, appeared before a legislative commission to refute allegations of his involvement in a cryptocurrency scam named “18k Ronaldinho.”  The scheme had promised investors returns of up to 400% in less than a year. Ronaldinho asserted that he had not authorized the use of his … Read more Brazilian football legend Ronaldo de Assis Moreira, commonly known as Ronaldinho, appeared before a legislative commission to refute allegations of his involvement in a cryptocurrency scam named “18k Ronaldinho.”  The scheme had promised investors returns of up to 400%…

  Article 2023年9月1日

• Why is the crypto market down today? The August 2023 heat

  TL;DR Breakdown The crypto market tanked as the benchmark U.S. Treasury yield rose to its highest level in nearly two years. The yields increased the day after the minutes from the Federal Open Market Committee’s (FOMC) July meeting reiterated hawkishness. Ripple (XRP) leads in market decline with the possibility that the SEC appeal could get a green light. Kevin O’Leary suggests that the Fed could continue to raise interest rates because of increased inflation in America. Description Rising U.S. bond yields are likely to blame for today’s downward price trend in the crypto market. Specifically, today’s crypto market is declining as the benchmark U.S. Treasury yield rose to its highest level in nearly two years. According to CoinGecko, the current market cap of all cryptocurrencies is $1.16 Trillion, a change of -3.4% … Read more Rising U.S. bond yields are likely to blame for today’s downward price trend in the crypto market. Specifically, today’s crypto market is declining as the benchmark U.S. Treasury yield rose to its highest level in nearly two years. According to CoinGecko, the current market cap…

  Article 2023年8月18日

• F2Pool returns record $510,000 transaction fee to Paxos after costly error

  TL;DR Breakdown F2Pool, a cryptocurrency mining pool, returned a record-breaking transaction fee of 20 BTC (about $510,000) to financial technology firm Paxos, correcting an error caused by a transaction bug. The crypto community engaged in debates over the ethics of retaining or refunding the inflated fees, with mixed opinions revealed in a public poll. Paxos took full responsibility for the mistake, which only affected their corporate operations, and is working on recovering the fee through Bitcoin mining mechanisms. Description Cryptocurrency mining pool F2Pool rectifies a $510,000 transaction fee error, refunding the astronomical amount to financial technology firm Paxos. The blunder and its immediate resolution F2Pool, a leading name in cryptocurrency mining, returned a mistakenly inflated transaction fee of 20 BTC, approximately $510,000, to Paxos. The financial technology company had intended to transfer a minuscule … Read more Cryptocurrency mining pool F2Pool rectifies a $510,000 transaction fee error, refunding the astronomical amount to financial technology firm Paxos. The blunder and its immediate resolution F2Pool, a leading name in cryptocurrency mining, returned a mistakenly inflated transaction fee of 20 BTC, approximately $510,000,…

  Article 2023年9月15日

• Jerome Powell hints at higher rates, cautious move ahead

  Description It’s no secret that the future of America’s economic stability rests on the careful balancing act orchestrated by the Federal Reserve. And leading this charge is none other than Jerome Powell, the Fed Chair who’s become somewhat of an economic oracle in recent times. Powell’s latest announcement hints at an upward trajectory for interest rates, … Read more It’s no secret that the future of America’s economic stability rests on the careful balancing act orchestrated by the Federal Reserve. And leading this charge is none other than Jerome Powell, the Fed Chair who’s become somewhat of an economic oracle in recent times. Powell’s latest announcement hints at an upward trajectory for interest rates, and yet, it’s marinated with a cautious optimism, making us wonder: What’s really going on? The Good, The Bad, and The Inflation Here’s the thing: inflation remains a stubborn stain on the U.S. economic fabric. Despite the Fed’s aggressive 5.25 percentage point increase since March 2022, the beast of inflation hasn’t been fully tamed. Yes, it’s receded from an alarming 7% to a still-concerning 3.3%, but…

  Article 2023年8月26日

• Group behind the Tornado Cash lawsuit loses to the US Treasury

  TL;DR Breakdown A lawsuit against the US Treasury by 6 individuals backed by Coinbase goes south in a mega loss. Judge Robert Pitman states that Tornado Cash is a legal entity that has a property interest in its smart contracts.  The judge rejected the Treasury Department’s claim that Tornado Cash is not an entity, saying that the mixer’s DAO was designated. Last year, OFAC sanctioned Tornado Cash for assisting North Korea’s Lazarus Group launder crypto cash from decentralized exchanges and games like Axie Infinity. Coinbase Chief Legal Officer Paul Grewal says that the company will support an appeal. Description A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in a lawsuit brought by six individuals sponsored by the cryptocurrency exchange Coinbase against Tornado Cash. The group of crypto investors and developers backed by Coinbase argued the U.S. Treasury Department abused its … Read more A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in…

  Article 2023年8月18日