Crypto Market Highlights August 11, 2022

Crypto Market Highlights: News Of The Day

China Continues To Suppress Cryptocurrency, 12000 Accounts Locked

China has once again expressed its determination to remove cryptocurrencies from the country as its Internet Censorship Authority has erased dozens of accounts, posts, and websites related to cryptocurrencies. For more specific information you can read the article below:

CoinFLEX Files For Restructuring In Seychelles

Crypto exchange CoinFLEX is seeking approval from creditors for its corporate restructuring plan. For more specific information you can read the article below:

Goerli Testnet Merge Successful, Ethereum Up 12%

Ethereum has just successfully completed the final test run of Goerli Testnet before The Merge is official. This is the strongest signal that Ethereum’s long-awaited PoW to PoS transition is on track. ETH has gained almost 12% in 24 hours. For more specific information you can read the article below:

Celsius Continues Accused Of Offering Unregistered Securities

Legal troubles are still swirling around Celsius as California’s Department of Financial Protection and Innovation (DFPI) accuses the struggling crypto company of offering unregistered securities to investors. For more specific information you can read the article below:

dYdX Verifies Blocking User Accounts Connected To Tornado Cash

In accordance with new US penalties, derivatives protocol dYdX stated on Thursday morning that it has blocked user accounts that had previously communicated with Tornado Cash. For more specific information you can read the article below:

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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