In the week following the sanctioning of the Tornado Cash website by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the price of the token underpinning the system is down 56%, starting the week at a high of $31.56 and ending the week at a low of $13.09, according to CoinMarketCap. Tornado Cash (TORN) is an ERC20 token and the native token of the Tornado Cash DAO, used to manage governance and voting. It’s currently the 691st largest cryptocurrency, with a market… Source link

Litecoin price shows bearish macro signals that investors should be aware of. LTC price has breached over-sold territories on the Weekly Relative Strength Index Invalidation of the bearish thesis is a re-concurrence of the $140 barrier. Litecoin price shows a potential macro-sell off underway. On-chain analysis additionally confounds the idea of a macro bearish environment. Litecoin price in a Grand-Super-Cycle decline Litecoin price shows concerning technicals… Source link

Bitcoin price meets a suppressive force near the $24,000 level. BTC price shows significant movement in daily transactions, hinting that large players are up to something behind the scenes. Invalidation of the uptrend is a daily closing candle below $23,149. Bitcoin price shows conerning signals  behind the scenes. Technichal and On-chain analysis is utilized to gage market behaviour. Bitcoin price is at a fork in the road Bitcoin price has shown an applaudable… Source link

This year, BTC and ETH have fallen 50% and 48%, respectively, and have been tightly correlated with each other. Correlation coefficients range between 1 and -1, with the former indicating a direct relationship, while the latter implies a completely inverse relationship. Source link

“Justin Sun wants to sow dissent, confusion and FUD in order for him to benefit financially,” one former ETH Foundation member said Low trade volumes and sinking prices have set Poloniex’s Ethereum fork tokens on a rocky path Figures around crypto have eye-rolled at recent interest in a proof-of-work (PoW) Ethereum hard fork ahead of the blockchain’s Merge to proof-of-stake (PoS). Not Justin Sun. The… Source link

Text size Bitcoin has moved higher this week on signs on cooling U.S. inflation. Photo by OZAN KOSE/AFP via Getty Images … Source link

Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. Five years after calling Bitcoin an “index of money laundering,” BlackRock’s Larry Fink is getting laser eyes. BlackRock on Thursday announced it was launching… Source link

Bitcoin (BTC) headed lower on Aug. 12 as a broadly expected comedown from two-month highs began to take shape. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week moving average becomes pivot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $23,615 on Bitstamp prior to the day’s Wall Street open, marking 24-hour losses of around 5.2%. The pair had seen its highest levels since June 13 as enthusiasm over declining United States inflation combined… Source link

After years of waiting, Ethereum is finally prepared to become a full-fledged proof-of-stake (PoS) blockchain. Besides Ethereum’s native token Ether (ETH), the valuation of several other tokens have not only benefited greatly, but could also keep outperforming ETH after the Merge.  Ethereum steps closer  toward the Merge The leading smart contract platform completed the last of its three public testnets dubbed “Goerli,” on Aug. 11. Therefore, there should be no delays in Ethereum’s “Merge,”… Source link

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