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Privacy Coin Zcash (ZEC) Could Face a Price Setback After Stunning Run
Zcash (ZEC), the decentralized cryptocurrency created to improve privacy in the blockchain sector, has seen its price increase by a staggering 90% in the last 30 days. This surge makes ZEC one of the top three performing altcoins. Trading at $41.36, this analysis explains why the coin may not be able to sustain its momentum. The Storms Are Gathering Over Zcash Stellar Rally On July 12, ZEC’s price was around $23.81, meaning the current price is almost double the value as of then. However, that is not the only part that has changed. According to CoinGecko, the market cap has...
Celsius sues Tether for $2.4B in Bitcoin, Tether strikes back, calls case a “shakedown”
Tether CEO Paolo Ardoino views the lawsuit as a "shameless money grab." Key Takeaways Celsius accused Tether of wrongdoing in a 2022 agreement where Tether provided USDT to Celsius against BTC collateral. Tether denied wrongdoing, claimed the lawsuit is baseless and a "shakedown" attempt to recover losses from Celsius' mismanagement. Tether, the issuer of the stablecoin USDT, has fired back at Celsius Network in response to a lawsuit filed against the company on Friday. Tether called the case a “shakedown” attempt to shift blame for Celsius’s financial mismanagement onto Tether. According to a recent blog post from Tether, in 2022,...
Nigeria releases American crypto executive after dropping money laundering case
Author of the article: The Associated Press Chinedu Asadu And Eric Tucker Published Oct 24, 2024 • Last updated Oct 24, 2024 • 2 minute read WASHINGTON (AP) — An American cryptocurrency executive held in Nigeria for the past eight months has been released after authorities there announced they were ending his money laundering trial on health and diplomatic grounds. Article content Article content Tigran Gambaryan, Binance’s head of financial crime compliance, was freed on a humanitarian basis and was returning to the United States to receive medical attention, White House national security adviser Jake Sullivan said in a statement...
