GitHub lifts ban on Tornado Cash’s code repositories

GitHub, the most widely used software hosting online platform, has today reversed its decision to completely ban Tornado Cash’s open source code. However, despite lifting the ban, the functionality of the code repositories remains restricted to “read-only” allowing visitors to only open and read the code.

The move comes days after the US Treasury clarified that the sanctions against Tornado Cash did not apply to the sharing and reading of the app’s code.

Tornado Cash ban

Tornado Cash was launched in 2019 as a privacy-preserving tool aimed at shielding users’ financial activities on public blockchains like Ethereum.

The use of Tornado Cash and certain Ethereum addresses connected to the app was blacklisted by the US Treasury Department Office of Foreign Assets Control (OFAC) in August. The OFAC cited the app’s use by criminals for money laundering.

It was after the blacklisting by the OFAC that GitHub banned and removed the entire Tornado Cash code to remain compliant with the regulator.

Why did GitHub reverse its Tornado Cash ban?

However, the US Treasury on September 13 clarified that the blacklisting of Tornado Cash did not prohibit people from reading and sharing the app’s code.

The official post by the US Treasury read:

“US persons would not be prohibited by U.S. sanctions regulations from copying the open-source code and making it available online for others to view, as well as discussing, teaching about, or including open-source code in written publications.”

It is following this clarification that GitHub has modified its blanket ban on the app’s code although the full functionality of Tornado Cash on GitHub has not been reinstated.

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Reserve Rights (RSR) rallies ahead of mainnet launch: here’s where to buy the RSR

Reserve Rights (RSR), the native token of Reserve Protocol, has rallied 33% in the past 24 hours as the mainnet launch nears. The token was trading at $0.007756 at press time.

The mainnet launch is expected to take place in October this year with five audits already completed so far.

To help traders who want to take advantage of the current Reserve Rights price surge ahead of the mainnet launch, Coinjournal has prepared this brief guide on where to buy the RSR token.

To find out more, please continue reading.

Where to buy RSR cryptocurrency

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy RSR with Binance today

KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.

Buy RSR with KuCoin today

What is Reserve Rights cryptocurrency?

Reserve Rights (RSR) cryptocurrency is a native token of the Reserve Protocol, which is a pool of stablecoins. It was launched in May 2019 after a successful Initial Exchange Offering (IEO) on the Huobi Prime platform.

The Reserve Protocol is designed to reduce risk through diversification and decentralized governance.

The RSR token is an ERC token and it is used for insuring Reserve stablecoins (RTokens) on the Reserve Protocol through staking and for governing the Reserve Protocol pools through proposing and voting on changes to be effected on the pool configurations.

RSR stakers receive a staking reward for providing insurance to RTokens.

Should I buy RSR today?

RSR could be a good buy now that its price is rallying ahead of its mainnet launch, which is expected to trigger a further upward movement.

However, the cryptocurrency market is an extremely volatile market and it can be very unpredictable at times. Therefore, it is important to proceed with caution.

Reserve Rights price prediction

Analysts expect RSR to maintain the current bullish trend, which they predict will gather momentum after the Reserve Rights mainnet launch, scheduled for October.

Reserve Rights social media trends

 

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Prosper has updated its coin circulating supply: you can buy the Prosper token here

The price of Prosper cryptocurrency has dipped by more than 14% today after Prosper announced that it had updated its coin supply on Coin Market Cap and CoinGecko. At press time, PROS was trading at $0.9305 down from a daily high of $1.14.

In a tweet, Prosper, however, clarified that the update did not result in an increase in token supply but only updated the displayed number of the circulating PROS tokens to include all the DEXs LP liquidities.

To help traders seeking to take invest in Prosper (PROS) cryptocurrency, Coinjournal has prepared this brief guide on where to buy the PROS token.

To find out more, please continue reading.

Where to buy Prosper token

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy PROS with Binance today

What is Prosper?

Prosper is a non-custodial cross-chain hedging and prediction market platform that uses on-chain liquidity aggregation technology.

In addition to the on-chain liquidity aggregation technology, Prosper also borrows from Binance Smart Chain and Avalanche and also uses Chainlink oracle to provide accurate price feeds to its users.

The Prosper platform features prediction insurance, a binary liquidity model, on-chain liquidity aggregation and cross-chain support, fiat support, custom pools, DAO governance, and prediction mining.

The native token of the Prosper platform is denoted as PROS and it is used as a prediction insurance token, a DAO governance token, a commission token, and a premium/subscription token.

Should I buy PROS today?

PROS could be a good buy now that it has updated its coin supply. However, contrary to the expectation of many, the token price has dropped considerably instead of rising after the update.

In addition, the crypto market is extremely volatile and you should proceed with caution.

Prosper price prediction

Analysts are optimistic that PROS will soon go above the resistance level at $1.60, despite today’s drop.

However, it will have to first break through the resistance level at $1.49 before making a dash for the $1.60 level.

$PROS social media trends

 

The post Prosper has updated its coin circulating supply: you can buy the Prosper token here appeared first on CoinJournal.

Bitcoin could hit $500,000 in the next decade, MicroStrategy’s Michael Saylor says

Bitcoin is down by more than 60% from its recent all-time high, but Michael Saylor believes that it will recover its price in the next four years.

Michael Saylor, the co-founder and executive chairman of MicroStrategy, has revealed that he expects bitcoin to return to its November high of nearly $69,000 within the next four years.

His prediction comes despite Bitcoin performing poorly since the start of the year. Bitcoin reached an all-time high of $69k in November 2021 but is now trading below $20k per coin.

Saylor said the current price means that Bitcoin has reached its bottom and could only rally higher from here. He said

“It has touched that a few times. I think this is stable.”

The leading cryptocurrency has been trading around the $19k mark since the start of the week. Saylor further predicted that Bitcoin could reach $500k in the next decade.

According to the MicroStrategy chairman, Bitcoin said he expects Bitcoin’s market cap to reach that of gold. He considers Bitcoin to be a hedge against inflation, and its market cap will increase over the next few years. Saylor said;

“The next logical step for bitcoin is to replace gold as a non-sovereign store of value asset.”

Saylor’s comments come a few days after MicroStrategy bought an extra 301 bitcoins. The company bought the coins for $6 million, at an average price of over $19k per coin.

Following this latest development, MicroStrategy holds 130,000 bitcoins, making it one of the largest institutional Bitcoin holders in the world.

The company has spent more than $3 billion on Bitcoin acquisition over the past few years and might continue to add to its stash. 

MicroStrategy revealed earlier this year that it is building out the Lightning Network, a payment protocol using the bitcoin blockchain. 

According to the data obtained from MarketWatch, Saylor personally holds about 17,732 bitcoins, which he bought at an average price of about $9,500. 

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