Day: January 5, 2023

MyEtherWallet CEO talks about the future of crypto self-custody

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In the third episode of the Hashing It Out podcast, Cointelegraphโ€™s Elisha Owusu Akyaw discusses the future of noncustodial cryptocurrency wallets with Kosala Hemachandra, CEO of MyEtherWallet. Recent issues with centralized platforms have put the spotlight on decentralized applications (DApps), and self-custody โ€” where users keep their funds completely under their responsibility โ€” has become a major trend. Check the whole library of Cointelegraph podcasts here. MyEtherWallet is one of the oldest noncustodial wallets with a focus on the Ethereum blockchain. According to Kosala Hemachandra, the wallet went live just…

BTC Consolidates as FOMC Indicates Further Rate Hikes to Come โ€“ Market Updates Bitcoin News

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Bitcoin consolidated marginally below $17,000, as market volatility remained high following the recent Federal Open Market Committee (FOMC) minutes. In Decemberโ€™s meeting, the U.S Federal Reserve agreed to maintain hiking rates, with inflation still near historic highs. Ethereum also remained close to recent highs on Thursday. Bitcoin Bitcoin (BTC) mostly consolidated on Thursday, as price failed to break out of the key level of $17,000 yesterday. Following a high of $16,964.59 on hump day, BTC/USD slipped to an intraday low of $16,789.75 earlier in the session. The drop comes as…

Research Firm Warns Bitcoin And ETH Investors Over DCG

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Renowned crypto firm Arcane Research has issued a warning to Bitcoin (BTC) and Ethereum (ETH) investors in light of the escalating events surrounding Digital Currency Group (DCG), Genesis, and Grayscale. In an article by analyst Vetle Lunde, the firm warns: Investors should pay attention to the ongoing financial distress related to Digital Currency Group (DCG) as the outcome could severely impact crypto markets. In the reasoning behind the warning, Arcane Research states that if DCG goes bankrupt, it could be forced to liquidate its assets. โ€œThis could force DCG into…

A Win for Celsius in Court

A bankruptcy judge ruled that Celsius Network customers who had interest-bearing accounts on the platform had turned over control of their assets to the bankrupt crypto lender, meaning the deposits are part of Celsius’ bankruptcy estate. U.S. Bankruptcy Judge Martin Glenn said in a court order Wednesday that Celsius’ terms of service made it clear it took possession of crypto assets deposited into its Earn product, dealing a blow to customers who were hoping to recoup their deposits. Celsius held around $4.2 billion in cryptocurrencies in Earn as of last…

It’s Finally Happening (Last Chance)!! Bitcoin News Today & Ethereum Price Prediction (BTC & ETH)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io It’s Finally Happening (Last Chance)!! Bitcoin News Today & Ethereum Price Prediction (BTC & ETH) Welcome back to the Crypto World! In this video I reveal my next Ethereum Price Prediction and Bitcoin Price Prediction! Make sure to watch the WHOLE video so you DON’T MISS OUT on this IMPORTANT information & leave a LIKE and SUBSCRIBE for more videos like this! ๐Ÿ’ฐ Learn Technical Analysis Here ๐Ÿ‘‰ ๐Ÿ‘ˆ ๐Ÿ”ฅ Register on Bybit: ๐Ÿ‘‰ ๐Ÿ‘ˆ Get up to *$30,030 Bonus* and benefit…

The Importance of Private Keys

Cryptocurrencies offer a world of opportunities. Quick and easy payments, innovative financial services, and inclusivity to previously unbanked regions in the world are all made possible by the crypto ecosystem. But with these opportunities come challenges and risks. Many crypto platforms lack strong operational, governance, and risk practices. These problems have emerged with huge ramifications in 2022 with the collapse of Terra Luna โ€” one of the biggest stablecoins โ€” and FTX โ€” the second biggest exchange that filed for bankruptcy. Beyond these collapses, there are also several high-profile cases…

FTX’s former top lawyer cooperated with the US in Sam Bankman-Fried case

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Daniel Friedberg, controversial lawyer who served as top compliance chief at now-defunkt exchange FTX, has reportedly cooperated with United Statesโ€™ prosecutors investigating FTX collapse. Friedberg provided details about FTX in a meeting with two dozen investigators hold by the U.S. Attorney for the Southern District of New York’s (SDNY) office on Nov. 22, Reuters reported. The meeting included officials from the Justice Department, Federal Bureau of Investigation, and the U.S. Securities and Exchange Commission, the report notes, citing a source familiar with the matter. At the meeting, Friedberg provided prosecutors…

Sony & Honda Announce New Electric Car Brand Afeela for Shipping in 2026

Electronics giant Sony and automobile company Honda recently revealed the prototype of their joint electric car initiative at 2023โ€™s CES. Sonyย and Honda have unveiled the prototype of theirย joint electric car initiativeย Afeela at this yearโ€™s Consumer Electronics Show (CES). On Wednesday, the four-door sedan drove onstage as Sony CEO Kenichiro Yoshida explained the companyโ€™s mobility outlook. According to Kenichiro, Sony looks to build vehicles that have autonomous functionality and can transform into โ€œmoving entertainment spaces.โ€ There is little-known information regarding Afeela. However, the Sony/Honda electric car will begin shipping to North…