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The alleged administrator of Bitcoin Fog kept the dark web service running for 10 years before the IRS caught up with him. For a decade, Bitcoin Fog has offered to obscure the source and destination of its customers’ cryptocurrency, making it one of the most venerable institutions in the dark web economy. Now the IRS says it has finally identified the Russian-Swedish administrator behind that long-running anonymizing system and charged him with laundering hundreds of millions of dollars… Source link

The last couple of weeks have been nothing short of a roller coaster for Ether (ETH), which oscillated between $2,000 and a record-high $2,650. The 20% crash on April 17 caused a $1 billion liquidation on long futures contracts, and it also drastically reduced investors’ appetite for risk. Ether (ETH) USD price at Coinbase. Source: TradingView However, as displayed above, the 28% gain over the last couple of days caused the open interest on Ether futures to reach $8.2 billion, which is just 5%… Source link

Crypto is a midwife for the next generation of finance: A simple set of tools built around a core idea of removing trusted intermediaries could form the foundation for a more secure, robust and innovative economy. Ethereum aims to be “the ultimate, fundamental settlement layer of this” new digital-first world, as Sandeep Nailwal, co-founder of ETH scaling solution Polygon, said. Polygon, which was founded in India, itself was reborn this past year. Founded as the Matic Network in 2017, it… Source link

Bitcoin was up Tuesday despite lower-than-average spot volumes. Meanwhile, ether’s price hits record high and the cyrpto’s dominance is back at February levels. Bitcoin (BTC) trading around $54,840 as of 21:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $52,722-$55,261 (CoinDesk 20) BTC near the 10-hour and well above the 50-hour moving average on the hourly chart, a bullish signal for market technicians. Bitcoin’s hourly price chart on Bitstamp… Source link

Mainstream adoption of cryptocurrency continues to reach new highs in 2021 thanks to the growth of popular sectors like decentralized finance (DeFi) and nonfungible tokens (NFTs).  The explosive growth seen over the past year would not have been possible without the Ethereum network, which saw the price of Ether (ETH) break out to a new all-time high on April 27 following the successful launch of the “Berlin” upgrade on April 15. ETH/USDT 4-hour chart. Source: TradingView Data from Source link

Ethereum (CRYPTO: ETH) was trading at $2,567 at the time of writing, nearing its all-time high of $2,615 recorded on April 22. What Happened: As the second-largest cryptocurrency by market cap continued to trade higher, gas fees on the network dropped to a three-month low, according to data from Santiment. Analysts at Santiment pointed out that gas fees were back at the sub $10 level, recording an average level of $8.14. “This is obviously encouraging, with $ETH… Source link

Ethereum is one of the greatest technological innovations of the 21st Century. Its versatility across a wide range of applications, from transactions for financial services through to digital ledgers across many industries, have established it as one of the most important tools driving digital transformation. However, over the past few years, Ethereum has become far slower and more expensive than it used to be. It can take hours for a transaction to process over the network, and the cost per… Source link

Bitcoin and cryptocurrency markets were braced for a bombshell from Tesla’s TSLA first set of results since buying $1.5 billion worth of bitcoin. And Elon Musk didn’t disappoint. Tesla revealed it sold 10% of its bitcoin holdings in March, collecting $101 million from the sale and helping the electric car maker land its seventh consecutive profitable quarter. The news, initially sending shockwaves through the cryptocurrency community, was somewhat tempered by Musk’s defense that the… Source link

The Litecoin price is making a strong recovery after it dropped by more than 38% last week. The LTC price is trading at $253, which is 22% above its lowest level last week. It has a market cap of more than $16.4 billion and is the 10th-biggest digital currency in the world. What happened: Litecoin is a digital currency that is similar to Bitcoin. It is one of the oldest cryptocurrencies in the world and is mostly used as an alternative to Bitcoin. Users love it for… Source link