Today, Bitcoin sees an impressive rally while Maker goes totally decentralized.
Today’s Top Crypto News Stories
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Bitcoin Stages Impressive Rally 🤩
BTC has bounced back after yesterday's dip below $30,000 — but it could face an uphill struggle as it attempts to accelerate further. Although it reached highs of $31,673.92 on Wednesday, a persistent downtrend means it could be challenging to break $34,000. A number of altcoins have also secured double-digit gains over the past 24 hours. The latest.
ETH Developer Violates Bail Terms 😱
An Ethereum developer has violated the terms of his bail by allegedly accessing his Coinbase account. Virgil Griffifths is accused of attempting to access his ETH assets back in May. He was ordered not to do so as he awaits trial. Prosecutors claim he participated in North Korea's efforts to launder money through crypto so it could sidestep U.S. sanctions. Read more.
Maker Foundation Is Shutting Down 🚨
The Maker Foundation is shutting down, meaning that the DeFi protocol is going to be fully decentralized. Rune Christensen says all responsibilities relating to operations will now switch over to MakerDAO. As a result, decisions about its future will now be "determined by thousands or perhaps millions of engaged, enthusiastic community members." Find out more.
EU Wants to Ban Anonymous Wallets 🇪🇺
New proposals from the European Commission are calling for stricter regulation of anonymous crypto wallets and transactions. Under planned measures, companies that facilitate transactions would need to collect data on senders and recipients. It's hoped this would help law enforcement agencies to clamp down on money laundering. Read more.