Day: January 19, 2023

What are hierarchical deterministic (HD) crypto wallets?

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A hierarchical deterministic wallet generates public and private keys from a master key, allowing users to create a new wallet and retrieve all addresses and keys, given that they have access to the seed. On the contrary, non-deterministic wallets randomly generate wallet addresses and private keys, restricting users’ ability to recover addresses and keys if the wallet’s details are lost. Typically, digital signatures and pairs of private and public signing keys are used in blockchain-based cryptocurrencies. That said, users spend their money by signing a transaction with the private key,…

U.K. Associations See Electronic Trade Document Bill as a Great Local and Global Opportunity

Chris Southworth, Secretary General of the International Chamber of Commerce, said the bill could have an impact globally. It is a £1.2 trillion opportunity for the Commonwealth, an association consisting of 56 countries, he claimed, calling the proposed law “a template,” and one that could facilitate talks with countries like Singapore, Canada, Australia, New Zealand, among others, who are considering their own versions. Source

ETH, BTC Lower, US Retail Sales Slow – Market Updates Bitcoin News

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Ethereum fell lower on Thursday, as cryptocurrency markets continued to react to the latest U.S. retail sales figures. Sales in the United States fell by more than expected, coming in 1.1% lower in December. Bitcoin also declined in today’s session, with prices falling below the $21,000 mark. Bitcoin Bitcoin (BTC) dropped below the $21,000 mark on Thursday, as crypto markets fell following slowing U.S. retail sales figures. The decline saw BTC/USD hit an intraday low of $20,541.54 earlier in today’s session, fresh from a four-month high of $21,564.50. Since the…

1inch launches proprietary hardware wallet as self-custody trend grows

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Decentralized exchange (DEX) aggregator 1inch Network is the latest cryptocurrency platform to move into the hardware wallet industry amid the rise of self-custody. On Jan. 19, 1inch officially introduced the 1inch Hardware Wallet, a proprietary hardware wallet developed by an independent team working within the 1inch Network.  In order to provide maximum security, the 1inch Hardware Wallet is “fully air-gapped,” meaning that it has no direct connection to the internet and does not require any wired connection. “All data is exchanged using QR codes or, optionally, with NFC,” 1inch said,…

JPMorgan Chief Jamie Dimon Expects Interest Rates to Surge Past 5% amid Underlying Inflation

Jamie Dimon believes that if the United States ends up in a recession, the Fed might end up raising rate hikes as high as 6%. During his latest interview with CNBC, JPMorgan chief Jamie Dimon shared his views on the current economic outlook while adding that he expects the interest rates to go much higher than Fed’s current projection. Dimon believes that as inflation remains stubbornly high, the Fed could be forced to raise rates beyond 5%. Speaking from the World Economic Forum from Davos, Switzerland, on Thursday, Dimon told CNBC:…

Solana Shines 30% In Last 7 Days As SOL Bulls Try To Break $21 Barrier

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Solana native token SOL has been on a tear since the start of the year. But the token might be on its way to test its support as it faces rejection.  Recent on-chain developments contributed to Solana’s climb. But with the rejection, can SOL regain its bullishness?  Solana Keeps Things Aglow The Solana ecosystem is touted as an “Ethereum killer” as it rose in prominence due to its low transaction fees and its capability to go through thousands of transactions per second. Sam Bankman-Fried, former CEO of the now-defunct crypto…