Day: March 9, 2023

Zero-Knowledge Crypto Startup Proven Raises $15.8M in Seed Round

“The last few months have highlighted an issue that has long plagued both traditional financial and digital asset firms – efficiently fostering trust with customers while maintaining a necessary level of privacy. The absence of this has led to significant distrust and, of course, contagion,” said Proven co-founder Richard Dewey in the press release. “We designed Proven to be a win-win solution that enables customers and regulators to have confidence in their exchanges, lenders, asset managers and stablecoins while at the same time protecting sensitive customer information,” he added. Source

5 countries leading the blockchain adoption

Countries lead blockchain adoption for various reasons, including recognizing its potential to transform multiple sectors of the economy, promoting innovation and economic growth, and creating a favorable regulatory environment to attract blockchain businesses. Types of blockchain communities that lead blockchain adoption Blockchain communities refer to groups of individuals, organizations and companies involved in developing and using blockchain technology. These communities form to share knowledge, collaborate on projects and advance the adoption of blockchain technology. There are different types of blockchain communities, including: Developer communities: These groups of blockchain developers work…

John Edwards, Information Commissioner, delivers a keynote speech at IAPP Data Protection Intensive UK.

Hello, thank you for having me here today at the Data Protection Intensive. I spoke to you last year, three months into my role, and I told you all what I was planning to do in my first year. Now, I’m over a year in. Rather than list all the things I and the ICO have done over the past year, I thought it’d be easier to show, not tell. I want to show you what I’ve done so far. Roll the tape… As you saw in the video, we’ve…

Trezor crypto wallet’s move into the semiconductor business isn’t for everyone

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Crypto wallet maker Trezor recently decided to start manufacturing its own hardware wallet chips to respond quickly to demand-triggering events like the FTX collapse. Trezor announced on Feb. 27 that it would begin producing the chip wrapper, a crucial component for the Trezor Model T — its flagship device. The move will reportedly cut the supply cycle lead times from two years to a few months in the production of Trezor wallets. According to Trezor, the decision will also address shipment delays of finished products and shield customers from price swings…

CoinTracker integrates with H&R Block to offer crypto tax preparation

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Crypto tax software provider CoinTracker is integrating its software with H&R Block, a company that helps millions of customers prepare their income taxes across Canada, the United States and Australia.  In an announcement seen by Cointelegraph, CoinTracker noted the partnership will allow American H&R Block customers to use CoinTracker and automatically fill in their Form 8949 regarding crypto trades. This form is submitted during tax season to report one’s capital gains and losses from investments. Previously, users had to cut and paste crypto trade data into each form field on the…

Web3 platform partners with self-custody wallet to broaden crypto adoption in Africa

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Cassava Network — an African Web3 platform focused on nonfungible tokens (NFTs), gaming and loyalty rewards — has launched the third version of its platform, featuring integration with noncustodial smart contract wallet UniPass, allowing users to use email addresses instead of seed phrases and gas. In a move to onboard Africans from Web2 to Web3, the partnership enables users who create Cassava accounts to automatically sign up on UniPass, and have access to holding, sending and receiving on-chain digital assets across multiple Ethereum Virtual Machine blockchains. In an interview with…

Ukraine’s central bank sees both promises and threats in Bitcoin

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The National Bank of Ukraine (NBU) has expressed a mixed stance on cryptocurrencies such as Bitcoin (BTC) after a year of war in the country. The central bank of Ukraine sees both good and bad in digital assets, taking a more skeptical approach to crypto due to financial and economic issues caused by the invasion, according to the NBU press office. In April 2022, the NBU prohibited citizens from buying cryptocurrencies like Bitcoin using the national currency, the hryvnia (UAH), only allowing such purchases via foreign currency accounts. The central bank…

Ordinals team criticizes Yuga Labs’ handling of bitcoin NFT auctions

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The Ordinals team recently raised concerns about Yuga Labs’ handling of bitcoin NFT auctions. Yuga Labs allegedly set a negative precedent by requiring all bidding funds to be transferred to their address, violating the principle of self-custody.  Yuga Labs, the parent company of the popular non-fungible token (NFT) collection, Bored Ape Yacht Club (BAYC), recently concluded a successful 24-hour TwelveFold auction, which generated an impressive $16.5 million and awarded 288 NFTs to the highest bidders.  However, Yuga Labs is now facing criticism from some users who are unhappy with the…

BTC Moves to Fresh Multi-Week Low Following Silvergate Liquidation Announcement – Market Updates Bitcoin News

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Bitcoin continued to trade lower on March 9, as prices fell to a fresh multi-week low in today’s session. The decline came as crypto bank Silvergate confirmed that it will be winding down operations. Ethereum also edged lower. Bitcoin Bitcoin (BTC) fell for a fourth straight session on Thursday, as markets reacted to news that Silvergate Bank will be liquidating its operations. Following a high of $22,198.90 on Wednesday, BTC/USD slipped to an intraday low of $21,609.99 earlier today. The decline in price pushed bitcoin to its lowest point since…