Today, another print of the US consumer price index (CPI) came in and pushed markets higher, Vitalik Buterin admitted that he has been using Tornado Cash and he also pointed out several areas of focus for Ethereum developers.
July’s US consumer price index (CPI) has seen an annual rise of 8.5%, or smaller than expected, suggesting an inflation peak and potential cool-off, after hitting 9.1% in June. Annual core CPI - which excludes prices of food and energy - was the same as in June (5.9%) and lower than estimated (6.1%). Both bitcoin (BTC) and ethereum (ETH) jumped right after the announcement.
An anonymous user is continuing to send small amounts of ethereum (ETH) from a Tornado Cash wallet to the public addresses of prominent figures, ranging from celebrities to crypto CEOs, presumably as a way to protest against the US Treasury's decision to sanction the mixing service. Meanwhile, Ethereum co-founder Vitalik Buterin has publicly admitted that he used Tornado Cash in the past, and for good causes.
Vitalik Buterin also has listed several points that he argues are worth working on during the ETH Seoul 2022. The Ethereum mastermind encouraged developers to build rollups and focus on privacy, claiming that it is less explored compared to scalability. Buterin also encouraged developers to consider working on soulbound tokens, public goods funding, and better decentralized autonomous organization (DAO) governance.
Coinbaseis putting a positive spin on another quarter of sub-par results – and its CEO Brian Armstrong has stated that “across price cycles,” the exchange is still trending upward. The firm’s revenue declined by over 60% to USD 808.3 million – lower than a USD 854.8 million estimate from Bloomberg-polled financial analysts. Possibly more worrying was a quarterly fall of 2% in monthly transacting users (MTUs) to the 9 million mark.
The crypto winter continues to claim victims, with German crypto exchange Nuriand Africa-based CoinFlexbeing the latest to make moves. Nuri GmbH, one of Germany’s largest crypto exchanges, has filed for insolvency with a Berlin court. Meanwhile, CoinFlex has reportedly filed for restructuring in a Seychelles court.
An unnamed South Korean company executive at a major business group operated Ethereum (ETH) mining rigs “non-stop for three years” – using illegally sourced electricity. The executive reportedly made some UD 30,000 worth of ETH by operating a mining machine at a company facility he was in charge of, later adding a second machine to his operation. He began his mining efforts in 2019 and, the company stated, used USD 3,500 worth of electricity to power the machines, which ran “24/7” until they were eventually discovered in May.
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Campaign Period: 10:00:00 on August 8, 2022 to 10:00:00 on August 15, 2022 (UTC)
Circle, the issuer of the USDC stablecoin, announced that it intends to “fully and solely support the Ethereum proof-of-stake (PoS) chain post-merge.
Tether said it believes that in order to avoid any disruption to the Ethereum community, the transition to PoS must not be weaponized to cause confusion and harm within the ecosystem – adding that it will support PoS Ethereum only.
The developers behind Blur Finance, a yield aggregator based on BNB Chain and Polygon (MATIC), seem to have abandoned the project and deleted its social media channels. More than USD 600,000 worth of tokens have disappeared, said security firm PeckShield.
The US Securities and Exchange Commission will vote to propose a rule that seeks to elevate the quality of disclosures, including crypto exposure, it receives from large private and hedge funds.
The importance of cryptoassets in the open-metaverse means that if an open and decentralized metaverse grows, existing risks from cryptoassets may scale to have systemic financial stability consequences, said a blog post written by staff at the Bank of England.
Canadian regulators are working with counterparts in the United States as multiple jurisdictions investigate the multi-billion-dollar collapse of crypto lender Celsius Network.
Ripple Labs is interested in potentially purchasing at least some of Celsius Network's assets, as the blockchain payments company looks to scale.
The Sandbox announced that has partnered with American media personality Paris Hilton and media content company and platform 11:11 Media to bring Hilton’s world to The Sandbox.
Mining company CleanSpark recognized a USD 29.3m net loss for the three months ended June 30. It increased 76% compared to the same prior year period. Revenues for the quarter grew to USD 31m, an increase of 22m, or 243%, from USD 9m for the same prior year period.
Another miner, Kryptovault AS, has been forced by soaring power prices to move north from southern Norway, moving mining operations north of the Arctic Circle, Bloomberg reported.
German fintech firm Unstoppable Finance announced a EUR 12.5m (USD 12.8m) Series A funding round led by Lightspeed Venture Partners to launch and scale their DeFi wallet and investing platform Ultimate.
Latin America’s largest e-commerce giant Mercado Libre plans to expand its bitcoin, ethereum, and stablecoin trading feature and wallet launched in Brazil last December.
A complaint filed with the US District Court in Delaware and made by shareholder Donald Kocher on behalf of crypto exchange Coinbase, alleges that the company’s leadership made “false and misleading statements” in the firm’s public filings ahead of its direct listing in April 2021.
Decentralized smart contracts platform Injective announced a USD 40m funding round led by Jump Crypto.
Decentralized community CreatorDAO has raised USD 20m in a seed funding round led by a16z crypto and Initialized Capital, among other investors.
RISC Zero, a startup that develops products utilizing zero-knowledge cryptography, announced a USD 12m Seed Round led by Bain Capital Crypto.
Digital asset protection technology company Coincover said it has developed technology to protect staked assets from any kind of outage or disaster scenario, done by providing staking organizations with an encrypted backup key.