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The top two U.S. market regulators — the SEC and the CFTC — have charged crypto firms and founders at least $198 million in penalties to date, according to The Block Research.

The post U.S. regulators have hit crypto firms with at least $198 million in financial penalties to date appeared first on The Block.

In an otherwise extremely bullish week, famed investor Ray Dalio reiterated his skepticism of bitcoin and digital assets.

Roger Ver, one of the biggest bitcoin cash advocates, is not a fan of the scheduled fork event of the cryptocurrency’s network.

The cryptocurrency merchant bank has acquired a lending firm and a trading company as it seeks to become the “go to” platform for institutional access to digital assets, the firm said Friday.

The cryptocurrency dropped as low as $15,750, having hit highs over $16,300 in the Asian trading hours.

Quick Take

• Former CFTC chair Gary Gensler is no crypto enthusiast, but he takes the underlying payments technology very seriously.
• As an MIT professor, Gensler argued that cryptocurrency has exposed shortcomings in traditional existing payments infrastructure.

Quick Take

• A consensus bug led to a brief split on the Ethereum network.
• Its impact on frequently used service providers brought centralization concerns back to the fore.

Bitcoin’s price is climbing for the third straight day as more of the cryptocurrency is locked into the Ethereum network.

The non-custodial service has experienced an over 7500% growth over the course of 2020.

The post Tornado Cash’s privacy pool USD value surpasses $13M, hitting a new high appeared first on The Block.

Crypto Twitter reacts to the announcement and answers the question: Just how big a deal is this?