Ethereum News – Page 12 – WORLD CRYPTO BUSINESS

India’s ED freezes $46 million of Vauld’s funds on money-laundering charges

[ad_1] Singapore-based Crypto Lender Vauld is facing money laundering charges in India after $46.5 million (3.70 billion Indian rupees) was frozen from its local entity, Flipvolt Technology. India’s Enforcement Directorate (ED) confirmed... Read more »

Ethereum leads the charge against Bitcoin, rising 61% since June — Flippening price target at $3,750

[ad_1] Ethereum is outperforming Bitcoin ahead of The Merge in September, with the second largest cryptocurrency by market cap rising 61% against Bitcoin since June. The below chart shows the price of... Read more »

A World War could trigger ‘an immense spike’ in Bitcoin price, adoption, Covalent CEO says

[ad_1] Since the outbreak of war in Eastern Europe, Bitcoin and cryptocurrency have featured on both sides of the conflict. In the case of Ukraine, at the start of the war, government... Read more »

Alameda-owned RenVM confirms it’s ‘impossible to launder any assets’ through Ren Bridge, debunking claims of $540M in money laundered

[ad_1] Elliptic Connect, a blockchain data analytics firm, released a report Wednesday — widely covered in both the crypto and  news media — entitled “Cross-chain Crime: More Than Half a Billion Dollars... Read more »

MakerDAO plans against sanctions from USDC exposure

[ad_1] Following Circle’s freeze of blacklisted Tornado Cash addresses, MakerDAO is re-assessing the risks associated with its USDC collateral. On August 8, issuers of USDC stablecoin Circle froze USDC tokens belonging to... Read more »

Hotbit exchange suspends all transactions indefinitely

[ad_1] China-based crypto exchange platform Hotbit announced its assets were frozen due to an ongoing investigation of the company, and it had to suspend all trading, deposit, and withdrawal functions until its... Read more »

Coinbase CEO Brian Armstrong says ‘the more regulation there is for crypto, the better it is for Coinbase’

[ad_1] Coinbase CEO Brian Armstrong said on an Aug. 9 earnings call that the company is keen to see “common sense frameworks for regulation” next year within the United States. Armstrong said... Read more »

Over 70k XRP holders join class action lawsuit against SEC

[ad_1] Over 70,000 Ripple (XRP) holders have joined John Deaton’s class action lawsuit against the U.S. Securities and Exchange Commission (SEC). 70,100 as of now. @GaryGensler & @SECEnfDirector over 70K #XRPHolders from... Read more »

Texas miner earned $9.5M in power credits while mining 318 BTC

[ad_1] Riot Blockchain, one of Texas’s largest Bitcoin mining operations, earned around $9.5 million in power credits last month by turning off its miners. According to the company’s monthly report, Riot voluntarily... Read more »

Mining firm Bit Digital grows Ethereum holdings 594% sequentially in July ahead of Merge

[ad_1] New York-based mining firm Bit Digital grew its Ethereum (ETH) holdings by around 594% in July 2022, compared to June, according to its unaudited production update published on August 8. The... Read more »