Ripple is Interested in Acquiring Bankrupt Crypto Lender Celsius Assets: Reuters Report

TL;DR San Francisco-based company Ripple Labs Inc is potentially interested in purchasing assets of bankrupt Crypto Lender: Celsius. Ripple is actively looking for market opportunities to “strategically scale the company,” according to Ripple’s spokesperson. The company was sued by the U.S. Securities and Exchange Commission in 2020 over $XRP token. According to a Reuters report, San Franciso-based blockchain payments company […]

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US Government Prohibits American Citizens from Interacting with Tornado Cash

TLDR: The U.S. sanctioned Tornado Cash, the mixing token that makes Ethereum transactions untraceable.  The U.S. Treasury’s Office of Foreign Asset Control posted the updated sanctions list.  The order makes it illegal for U.S. citizens to use Tornado Cash.  Tornado Cash is open source, and many believe the sanctions deny Americans their “constitutional right to anonymity.” Tornado cash has just […]

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Cardano (ADA) Staking Goes Live On Swiss Digital Bank Sygnum Along With ETH 2.0, ICP, And Tezos

Summary: Sygnum has added Cardano staking to its bank-grade yield-generating portfolio. The banks’ users can now take ADA tokens on a platform with Institutional-grade security, per the announcement.  ADA becomes the fourth crypto asset to join Sygnum’s portfolio along with Ethereum 2.0 and Tezos. This comes as the Cardano community buckles up for the upcoming Vasil Hard Fork, despite several […]

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Ethereum ($ETH) Could Unexpectedly Rise to Near $5,000, Analyst Says

A popular cryptocurrency analyst has suggested that Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, could unexpectedly surge toward $5,000 as we get closer to the upcoming Merge upgrade. The pseudonymous analyst known on social media by Kaleo has recently told its over 500,000 followers on the microblogging platform that if Bitcoin ($BTC) is to run to $32,000 and Ethereum […]

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$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

After a months-long drawdown for most top cryptocurrencies marked by large losses and high-profile contagion events, in the month of July digital assets investment products longing crypto recorded gains. The 21Shares short Bitcoin ETP was the only one reporting losses. That’s according to CryptoCompare’s July 2022 Digital Asset Management Review, which details that in July every cryptocurrency investment product covered […]

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Algorand (ALGO) CEO Exits from the Blockchain Project, To be Replaced by Current COO

Summary: Algorand’s CEO, Steven Kokinos, has left the blockchain project to pursue other interests. Mr. Kokinos will stay on at Algorand as a senior advisor until mid-2023. Algorand’s current COO, Sean Ford, will serve as interim CEO effective today, July 27th. Algorand’s (ALGO) CEO,  Steven Kokinos, has left the blockchain project to pursue other interests. Mr. Kokinos’ role at the […]

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