Tornado Cash
CRYPTO NEWS

What is Tornado Cash ? why US backlists Tornado Cash .

What is Tornado Cash Tornado cash (TORN), is an non-custodial privacy system that’s built on Ethereum. Tornado Cash, which was created using open source research by Zcash (a privacy coin), allows users to send Ethereum and ERC-20 funds through its smart contract service. You can withdraw your crypto via a new address once you have sent Tornado Cash an ETH/ERC-20 deposit. The asset can […]

CRYPTO NEWS

Ethereum Zero Knowledge of Proof (ZK) Protocol will Give more power to Ethereum Layer 2 solutions .

In an interview at ETHSeoul on Friday night, Ethereum co-founder Vitalik Buterin said that ZK (Zero Knowledge of proof) -Rollups are likely to be able to beat Optimistic Rollups on Ethereum’s Layer 2 scaling battles. The event was attended by Buterin stated that although Optimistic Rollups have more experience but the fundamentals of Zero-knowledge Rollup technique will […]

Meta NFT support
CRYPTO NEWS

Meta Announce to Support NFTs

Meta Support to NFTs Meta continues to push the NFT technology by its web 3.0 latest implementation plans , Meta wants to convert its platform and modules Like Instagram , WhatsApp and Meta to Web 3.0 Compatible as per The world’s largest social media giant announced on Thursday that it will extend its digital collection feature that […]

CRYPTO NEWS

Crypto Tax up to 50$ Transaction may be Exempt in Capital Gains

A bipartisan legislation introduced by Senators Patrick Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) proposes exempting cryptocurrency from taxation transactions of up to $50. If it is passed If it is passed, this Virtual Currency Fairness Act will free U.S. crypto users from declaring transactions with digital assets below the minimum threshold. Senator Toomey stated that […]

IMF Cryptocurrency
CRYPTO NEWS

IMF Says that Cryptocurrency’s are Not Threat for Broader Financial Sector Stability

The International Monetary Fund (IMF), while stating that global financial stability is not threatened by the growth in cryptocurrency, noted that recent sell-offs have slowed any concerns. The IMF stated that there is significant concern about the financial system due to factors such as the possibility of a recession or high inflation. This has been accelerated […]