The U.S. government is sanctioning another crypto mixing protocol, accusing it of aiding North Korea in laundering hundreds of millions of dollars worth of stolen digital assets. In a new press release, the U.S. Department of the Treasury says that its Office of Foreign Assets Control (OFAC) is sanctioning the crypto tumbler Sinbad for allegedly helping North Korean hacking ring Lazarus Group wash stolen money. Sinbad, which operates on Bitcoin (BTC), aims to obfuscate the identity of users conducting transactions by mixing their digital assets through a pool of other…

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HodlX Guest Post  Submit Your Post   CBDCs (Central Bank Digital Currencies) are a frequently discussed topic among crypto enthusiasts and are often considered a perfect dystopian tool in the hands of oppressive governments and autocratic regimes. In their essence, CBDCs are blockchain-based fiat currencies that function similarly to cryptos and are controlled by central banks – hence the dystopian considerations. Let’s delve deeper into the complexity of CBDCs and discuss a few arguments why they can be both bad and good for the public. The utopian vision of CBDCs Two…

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The revenues of Dunamu, the parent company of Upbit, one of the most prominent cryptocurrency exchanges in South Korea, dropped by an astounding 81% during the third quarter of 2023, according to the company’s report. The performance of the corporation during the same quarter of the previous year stands in striking contrast to this dramatic fall made by the company. Dunamu had reported a net profit of 159.9 billion KRW (about $123 million) in the third quarter of 2022, but this number dropped to only 29.5 billion KRW (roughly $23…

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Ethereum (ETH) competitor Cardano (ADA) is currently sitting in a “key demand zone,” says crypto analyst Ali Martinez. Martinez tells his 33,800 followers on the social media platform X that 166,470 wallets acquired 4.88 billion ADA worth more than $1.85 billion while the asset has been trading between $0.37-0.38. “With minimal resistance ahead and solid support below, remaining above this zone could pave the way for ADA to climb to new yearly highs. Still, watch out, as losing this support level could trigger a brief correction to $0.34.” Source: Ali…

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